RE: Agm31 Jul 2019 04:41
It has been a long Journey since March 2019 but i ll try to summarise as much as possible and the more knowledgable poster are welcome to correct me.
- AG appeared as significant share holder only after the company announced their intention to go the cash shell/ rto route.
- AG: he could have sold all his shares after the OO announcement, take the OO share and sold them for +/- 300%, like some of the PIs did, but he did not. He kept all his shares, take his oo entitlement + excess shares to raise his holding to 18%.
He did not sell any shares afterwards (notifiable).
- He bought the warrants (another 3%) on 21 June for unknown amount, but likely to be for a premier price in consideration of ph fees = average service charge for a top corporate broker for 6 months, google it.. ?
He will have to pay another +/- £32000 to exercise the warrant (on rto). They have not been exercised (notifiable).
- Q: Why he bought the warrants?
A: the "gearing effect” = multifold increase in value, you can also google it...? He is not after 20% or 300% profit.
He has some interviews published, when he first introduced the warrants concept to the SE asian markets, so it seems to be his special interest.
- He is an experienced investor (not a gambler), who would not commit that large sum of money without any guarantee.
- PSL is a company with more losses than assets (as per last accounts 26 June) and is not exactly a prize for someone like him.
Also he is not going to start trading led lights business in his late seventies.
- AS, new director announced that they are looking at new targets including healthcare sector on 26 June. Obviously anything can happen, but very unlikely they will come after few weeks to announce otherwise!
- ML, wanted to be reappointed as a director, (some people do not like it and i voted against). However; i find it a positive sign, he would not want to be re-appointed as a director in a company which is being wound up. More likely that a rto has been agreed already.
Just my opinion, GLA
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