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Pokerships, what does Brits being landlords have to do with it? Public infrastructure cannot cope with the huge traffic from those 300k JMO mentioned... Havnt you been to your local A&E or tried to book a doctors appointment recently?
Or what Mr Sanctimonious?
And yes, I just now see in your previous post you used the word lads... Along with many other frequently used words in the english dictionary... Who would have thought on an english bulletinboard.
typo "bod taking salary in shares*"
Dont say a prayer for me now, save it till the morning after.
https://www.youtube.com/watch?v=6Uxc9eFcZyM
Spotify, I dont hold shares here, Dumped all of them around 2-4 months ago, and despite me saying this share will exceed 12p and beyond, I still hold an overal negative view like when I said many months back "there is something fishy with this company", I have held that fishy view from following the co for some years.
Its one of those companies where debt and other important aspects are mislabelled to provide the favourable view and shareholders are over-expected to carry any burden.
However with POG forecast rally, and capex and debt being massively reduced, bod taking salary in payment, possible VAT repayment, I think its only a matter of time now before the SP is forced to trend upwards... However I probably wont be here to benefit, mostly because the BOD view of treating shareholders like overused mules.
A brilliant company to compare this with is/was AAZ... Check the 2 yearly charts of SHG and AAZ... Rather shocking. But then AAZ doesnt throw out placings/raisings like SHG does...
Curious, If those 2 sells spaced 7 seconds apart were from Riverfort, could it be possible that Riverfort has played a part in halting sells in order to contribute to Robin Youngs malicious plan to mislead shareholders into buying via a 'Media Week' which would never be released in september?
The plot thickens... Wouldnt surprise me one bit, Robins main interest is getting his salary paid for via D.S.F, as Schach said, we could have raised via a placing but Robin isnt interested in what the shareholders want, just what he wants.
I really hope you guys manage to get good profit after your LTH, But I have to say that I dont think averaging down is ever a good strategy, It seems it only serves the purpose to provide an alternative happy view of holdings, but at the end of the day the overall truth is you still own some shares at xprice, and the others at another price.
Seems wiser to go elsewhere and let the troubled company correct itself...
But each to their own.
I can see SHG going well over 12p over the next 2 years but this company seems to have problems since I first discovered it years ago.
noloss, AMC's most DIE HARD fan boy.
Even if AMC secured another 2 Death Spiral Financing deals over the next 5 years, still failed to produce the PFS, and failed to get a T/O partner, you would still be positive.
Die Hard.
Are you one of the BOD by any chance? Your never ending positive fixed stance over such a long period raises flags to me.
RY could increase his salary 200%, sell all his shares, and you declare its a positive.
noloss, RY got us the licence how long ago?
RY 'could' get us the rest of that way, but in how many death spiral financing deals, and in what timescale?
Delays are all too frequent here. This could drag on for another 10 years.
Beeshoney, JoeBass.
Im sure we can reach 5% and send Robin the letter rightfully calling an EGM, of which will then be RNS'd for other shareholders to see. We can then build momentum and take it from there.
2.8m sares so far guys...
As you said bees, Robin would have continued with Crede, because frankly he doesnt care when shareholders stomach the expense.
Minority shareholders' rights vary depending on the percentage of shares/voting rights they hold in the company, as follows:
At least 5%: right to:
-- Call a general meeting;
-- Require the passing of a resolution at an annual general meeting (AGM) of a public company.
Issues to be approved by shareholders in a general meeting
For private companies, the only decisions that must be approved in a meeting are the:
-- Removal of directors.
-- Removal of auditors.
The voting requirements for passing resolutions at general meetings are as follows:
-- More than 50% (a simple majority) of those attending and voting for ordinary resolutions.
Voting can be in person or by proxy. A proxy has the same voting rights as a shareholder. A corporate shareholder can also be appointed by a corporate representative.
Directors have a statutory duty to
-- Promote the success of the company for the benefit of its members, taking into account various factors.
-- Exercise reasonable care, skill and diligence.
-- Avoid conflicts of interest. - Robin, That means AVOID LYING to shareholders.
Directors' liability is a complex area of English law. Generally, shareholders can bring an action against the directors in certain circumstances, as follows:
-- Shareholders can, subject to obtaining court approval, bring a derivative claim on behalf of the company against the directors for negligence, default, breach of duty or breach of trust.
-- Minority shareholders can bring an "unfair prejudice" claim seeking relief against the acts of the controlling directors of the company. Alternatively, the shareholders may, on grounds of oppression, seek the winding-up of the company on a just and equitable basis.
-- Where, in exceptional circumstances, the director has breached the company's constitution and the action is incapable of ratification by the shareholders. In such cases, the shareholder can seek to enforce the relevant constitutional provision.
It looks like we may have a few routes to take here. I will keep searching.
Thats an excellent story Jim, thanks for posting it.
Gamer, What makes a delay worse from Robin Young, is that most times if not all Robin has all the news compiled and ready to post - as past "coincidences" demonstrate - therefore, when Robin delays, its not due to any real circumstance, its just a delay because he can.