RE: what a joke!!!!14 Feb 2019 21:05
Tang says he is a "LONG TERM supportive and ACTIVIST INVESTOR"
Hahaha! He doesn't even know that he is contradicting himself, the little clever clog he is. A shareholder activist is a person who attempts to gain control of the company and replace management or force a major corporate change.
So what does HE do with our money instead of being an activist? He pays and pays into endless bottomless pits and sits for a decade or more and we never hear anything until the investment is written off. Tang is not an activist, rather instead a total passivist void of any analytical skills.
In fact, Tang doesn't even know how Polo itself describes its activities:
"Investments may be made in companies,
partnerships, joint ventures and all types of
assets including unlisted and listed equities,
securities, commodities, bonds, debt
instruments, royalties, options, warrants,
futures and derivatives."
Couldn't be further from an activist shareholder if he tried.
I'm afraid Tang is just a lightweight chancer who wanted to become a big boy in a small pond by purchasing Polo shares at a ridiculously high price from a clever guy who outsmarted him. Tang paid, I think it was, 40p per share for his investment in Polo so for him the current share price is so pathetically low that he mentally no longer sees Polo shares as an investment but instead as CASINO CHIPS to be gambled on all-or-nothing ventures like coal mining/coal power in Bangladesh and a "victorious" arbitration case in phosphate resources in Tunisia. The rest of the money is sunk into other "projects" and "loans" to even riskier dreams and therefore completely stuck for the foreseeable future. As a little bonus in his casino project, Tang helps himself to travel the world on OUR expense for free, plus getting his fees, costing us shareholders tens and hundreds of thousands of pounds, to these various roulette tables plus annual general meetings in exotic faraway places where no ordinary shareholders can attend without spending up to several thousand pounds in traveling costs, where he awards himself and vote through stock options that could give him practically total control one day if the share price ever rises again.
And now Tang the great Datuk has the blooming cheek to say he will waste company time on contacting "the author in order to clear up a number of inaccuracies that appear in the article."... He should weep in shame instead.
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