Cheers avinvest. I just had a thought: if the delisting gets voted against as it bloody well should do, then Karl and showerboy get their second strike at the AGM, and we successfully manage to get rid of them as company directors, then the new management should be in a good position to demand the repayment of the ridiculous loans to directors. Now in view of how disgraceful a job the two morons have done of managing LVT’s finances, I have no doubt that their personal finances are most likely in a similar precarious position meaning that they would most probably need to sell LVT stock. This would be done via block trades like when they sold stock to fund the payments to Karl’s brother, so there would hopefully be fairly minimal impact on the share price. But the end result would be that the two charlatans would have less control over the company going forward which would definitely be a win for all shareholders who actually want this company to succeed!
LVT Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
