RE: SBP27 Aug 2018 20:45
Major Miner - ShareTag challenged the claim that LT had “No agenda”, not “No HIDDEN agenda”.
I wouldn’t have used ShareTag’s brutal tone, but I agree that somebody who is by far the largest shareholder, even unconsciously, almost certainly has an agenda - to help push the price up.
- and LT indeed has not been secretive about it: I recall him saying a few weeks ago that he’d sell a first tranche at 1.40p (admittedly, he’s been claiming for years (yes, years) that he’s expecting to sell at many multiples of the SP as it was at whatever time he made his statements, so presumably LT won’t sell the bulk of his holdings until it goes waaay higher).
I personally do not find relief in an alleged report by the largest shareholder (who has been regularly saying for years that a big deal was right around the corner (look at his posting history on LSE and ADVFN if you don’t believe me)) of a rather vacuous statement by SB who has essentially been saying the same near-nothing for most of the time since the start of his appointment, except for his few interviews and podcasts that largely repeated what was in the RNSs or in the public domain.
And TBH, SB can only legally say “near-nothing”s.