Ann: Company Update, page-12

Dropped out of this one after holding for a while. The recent substantial increase in directors fees (~168k in 2016 to ~400k in 2017) and low cashflow was concerning to me. Also note - they haven't invested in blockchain OR crypto yet - I quote...

"The board has actively reviewed several deals in the emerging markets of blockchain technology, conversion of energy to currency and the use of crypto currencies to fund these initiatives."

"Management has recently been selling down the listed portfolio of stocks to ensure we are cash ready if we find a suitable transaction."


I got out, we will see if it was right or wrong, i made some cash so I'm happy.
GLTA and DYOR