RE: 2021 profit30 Mar 2021 22:11
I too have quite a lot invested in Fxpo, thing is...this is one of those shares that make me sleep well at night, given fundamentals and potential. Then there is the divi some $18500 this time round. On the Zhevago holding I have mixed feelings. On one side there is the perception that with corruption and tax evasion affairs, some shareholders may stay away from Fxpo. In my view this negative perception is mostly based on discrimination issues rather than real objective risks. Although share sales restriction on Zhevago have been lifted, they where put in place in case he was found guilty of something... Meaning that if he had to pay a fine, the Court would have some asset to get the money from. In this case the scenarios would have been that Zhevago shares under supervision from the Court, would have been sold possibly to a financial entity, another miner or a bank or big private investor and the money would have gone straight in the Kief Court account without passing trough Zhevage hands. So the share sale restriction was noting to do with Fxpo operations or accounts. Fxpo is now a complete autonomous and separate entity from Zhevago. Moreover with Z holding more than 50% of shares in circulation,, there are less shares out there, therefore the sp should go up more quickly on positive market news. Possibly this is why this share is difficult to trade because it moves up very fast....
In my opinion Zhevago was on Fxpo board simply to get a wage, not really to contribute to operation decision making, I don't think he got a mining back ground...lol
Indeed if he was to re-enter the company BoD, then it could be the time to sell this shares.....
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