I sold out at .87 cents ( with a very large Profit I must say ...but it should have been a huge Profit considering what we had ...) some 5 weeks ago when I seen the writing on the wall with the tax problem Sam Hosack created/ designed too force the loyal..long term shareholders too sell their PSC shares out early ...too avoid paying 47% tax on the dividend payout when implemented in the coming months.....
So I sold out all my shares and moved on to the next big thing...lol....and will never buy PSC shares again while Sam Hosack , Directors and the Management are running this company. I will never have anything too do with investmenting in Zimbabwe again...as Sam Hosack has previously said in his announcement ....VERY HIGH RISK JURISDICTION TO RAISE MONEY IN.
IMO.. PSC 2.0 ... is a Myth.... DON'T listen to Bunn- Wackett....it will be a big mistake...
All PSC 2.0 will achieve is a vehicle for Sam Hosack and his so called mates and team of experts to maintain there jobs and wage for themselves for the next 6 years.....
when I seen Sam Hosack mates becoming major shareholders and accumulating cheap shares ...It was obvious to me that the NO Vote would not get through.....Sam Hosack's would have the majority shareholdering in PSC , and the yes Vote would be achieved for Sam Hosack , So I could not be bothered voting NO ...and I sold all my shares at .87 cents before the AGM announcement ......
PSC for me is history......
Regards 256lith
PSC Price at posting:
89.0¢ Sentiment: Buy Disclosure: Held
