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So still over £1m in shares to be dumped and Directors getting paid £400k+ and bonuses, I’ll wait a bit longer before buying I think. Why can’t they wait until the company is actually making money before paying themselves stupid money in wages. The likes of this and PREM I’ve learned to avoid although you do get the odd good one.
You only have to watch videos of GR interviews from 6 months+ back and see if any of the things he is talking about and saying how great it all is has actually come to fruition. If they haven’t been removed I’m sure watching them will be pretty cringe worthy.
Not sure myself but it looks like things are happening and we might be able to trade the shares again.
Pension Superfund deals under review
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The Pension Superfund, founded by industry veteran Edi Truell, and Clara Pensions, whose chief executive is former hedge fund manager Adam Saron, both have deals under review by the Pensions Regulator, the firms said, without naming the company schemes.
The Pension Superfund told Reuters it expected a 10 million pound “seed” deal to launch in the next few weeks.
“The first deal is absolutely tiny, it ticks all of the boxes,” Truell said. “Everybody is trying to make sure we set the right precedent.”
In
He added that the superfund had drawn interest from pension schemes collectively managing 60 billion pounds.
Sounds like SNT!
Looks like the Turells have transferred their 25% share holding to a new/other company. Someone who knows more than me might be able to look the company up and see what they’re about. Hopefully some news soon and a decent Christmas bonus.
Unfortunately this company took out big loans by giving out shares that need to be sold, the first lot hit the market back in September and the price has been falling since and the next lot ( £1.2m worth ) are coming tomorrow and will be sold over the next month or so. Unless there is some groundbreaking news and people are piling in to buy shares there will be no buyers for the £1.2m worth so the price will keep dropping. I looked at buying in here but as soon as I read the RNS about convertible loan notes I left it alone on my watch list. I got burnt with UKOG the same way. Just another thing to look out for as a new investor it these markets.
George just wants to shift the shares he awarded himself plus interest at .04 to anyone willing to buy in. I’ve been in here years and lost a bit but nothing I haven’t now made back elsewhere but I still look in to see how George the crook is getting on paying himself a massive wage then loaning the company money back with a high interest rate so he can cash in twice. I only hope someone who he has conned into sinking their hard earned money into this joke of a company and has nothing left to lose bumps into him or goes to find him and makes him pay for his lies.
Polymetal likely to be holding on to their shares but the other £400k could be getting part or all sold for a very nice quick easy profit. Either was I see market cap heading up from here sooner or later.
The latest overview video they have put on Twitter is close to one of the worst I’ve seen. To me it basically says we have raised some money and are going to start again by looking for something else that might make money but all our other attempts have failed. He didn’t mention anything about how much he was going to continue paying himself, I’m guessing still over the £200k per year mark. If he stopped paying himself until the company was actually making money I might actually think he had a plan.
Thanks, thought something like that might be the case and a few that took placing shares holding onto them so looking like a good buy in price here.
Any ideas what will happen with the loan notes that are available for conversion on the 8th? Will they be dumped straight away or are they going to be held onto. I would think dumped if they can make a bit of profit and how will this affect the SP.
Mine showing as a sell as well.
It’s almost as if the BOD and director that sold knew the business was rubbish and overpriced. I wonder what the next move will be, maybe a name change and selling Christmas items.
Depends who has taken the placing shares and what they intend to do with them I suppose, hopefully they are friends or people in the know and know they are getting the placing shares cheap.
Hardly great news a company had bailed and another director had dumped some of his shares. The company has also sold some of its own shares which no doubt will be finding its way into the pockets of directors. I have to agree with the derampers on this one. Even if it did look any good I’d avoid out of principle after what the board have done.