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So Padmini VNA entered into a 50:50 joint venture with Saietta with one of Boris’s oven ready deals, and Parmini had no interest in buying the other half??
Please excuse my naivety, but may I ask what tax payments are triggered for a director to pay when a company does a share buy back.
Bullshiit!
They are not obliged to sell their shares. No tax falls due on shares until they are sold and NI isn't due on shares at all. Any other tax or NI that the directors are liable to pay is irrelevant to whether they are selling their shares, and certainly irrelevant to whether the company is buying back shares. Tax and NI are paid on a PAYE basis.
Am I missing something here??
It's interesting that you think we have had a 'share price drop' rather than that we had a 'unwarranted share price rise'. That should give you a clue as to your irrational sentiment on the share.
You've obviously not been around very long. Do some research before you get burned.
If you can't sell your shares without those miserable ungrateful contemptible shareholders complaining about you milking the company... do a share buy back.
Has anyone thought of buying into Henry Turcan's fund...? Maybe there's money to be made there?
LOL
This didn't make me suspicious. Not at all. They Samsung debacle made me suspicious.... and my suspicions were later confirmed at great expense.
Oh... is that what they said... they are very creative.
Do be warned...
When a company has profits or or the market believes in potential profits, a buy back can increase the share price as potential profits can be distributed among fewer share holders.
The share price will not rise in this case because the market doesn't believe there will be any profits... and neither do the board, for that matter.
Sorry.
So the directors are selling their shares again with the money from the disastrous settlement :D
For tax reasons...
They are so full of shiiit!
*If there are NO future profits what you hope to achieve from a share buyback?
The idea of a share buy back is so that fewer shareholders can share the future profits. That raises the share price.
If there are future profits what you hope to achieve from a share buyback?
I sold a few weeks ago. But that does not change the fact that I lost money because of the liar Tony Gott. I will be voicing that. Why are you here?
Thanks Tony Gott. An expensive lesson indeed, but you have taught me a valuable lesson that nothing, NOTHING a company director tells us about it's position or prospects can be trusted at all.
You are a liar, just as so many others have been.
The only thing that can be trusted is profit, and I would have my doubts about that now.
Sorry to disappoint, but the shareholders will not receive a penny now. Better to start coming to terms with that.
Good luck. I’m out.
*Monitise. MONI
Don’t be surprised if you see Gott with a shiny new car and a shiny new promotion in the takeover company. I have seen that before at Monetise. Look it up.
Latino, you are going to lose your money.
This company has been primed for a takeover by those who want to use the assets.
You are not going to be in the picture.