GUL 0.00% 7.3¢ gullewa limited

good value now., page-5

  1. 1,050 Posts.
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    I had been noticing a few posters claiming GUL held only 20 mio AGM shares. At the last AGM it was 23mio.

    What I see is that the posters claiming 20 mio shares are indeed now correct.

    One has to ask the question - why has GUL sold down AGM this year and what have they used the money for?

    I would say that the money from the sales was used to fund the CEO salary and running costs. Certainly not a sustainable strategy that Deitzy is following. ... Just sell a few share to pay for a salary but don't do a single thing!

    GUL is still way undervalued but the guys running it are milking it for their own benefit -

    I ask what business decision / venture have GUL undertaken in the last thee years. The answer is absolutely nothing.

    Disgraceful effort.

    David
 
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