What are the board doing26 Jul 2021 21:27
In my opinion nothing.
The only transactions in the year will be the CS01 fee and Auditors Remuneration.
We are not listed have one investment and a few thousand in the bank.
Seems a complete waste of money.
Seems we won’t get the accounts until the end of September.
That is just over five years since we were delisted because we failed to make an acquisition.
It is just not good enough.
I think an investors meeting should be called to at least know what if any plans the board have for this almost shell company with about £4 million pounds in available tax losses.
What are the thoughts of the large investors here that hold hundreds of millions of shares that probably cost them millions of pounds to acquire.
They give us virtually no information whatsoever about anything.
The only information available is on the nxt website.
Many shareholders have been stuck here for 10 years or more.
The least they can expect is a bit of effort on the boards part to either get something going with the company or call it a day.
Looking at the nxt valuation it would seem that our 1.2% stake is worth a lot more than the board say it is worth so our board decided to virtually write it off in last years accounts.
I am not giving any figures, but just to say it wasn’t too difficult to find out some interesting information. The board, however, are not coming up with anything that may bring some value into the company. It is just not what is expected from an experienced board.
We may have some news with the accounts but I’m not banking on it.