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clock Created with Sketch. 29/08/19
15:52
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Originally posted by Splaten:
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WTF !! I just read it as well, what a trail of destruction. Ive got a theory and its IMO only but could he get away with this? Say NF loans GFS money, which he has done (what really PMO is it could be the same money the he and the other directors of Ochre took out of Raven (now GFS) so he could in theory be lending GFS's money back to them!) GFS agrees to allow him to convert that loan into shares if he chooses, which he has done, so now the trap is set, GFS cant repay the loan cause its got no other source of cash and cant raise any cash. He will call in his loan and convert it to shares and increase his stake in GFS. NF jumps off the board (which he has done) so he can pump another deal into GFS ("so hes not conflicted" see ann re his resignation), because now he doesnt need share holder approval to be part of the "pay day" for the new deal going into GFS. Hell get a lump more shares for pumping in the new deal to add to his converted loan shares and now hes back in control of GFS again. Once hes got the votes, thanks to all the new shares he owns, I think he can appoint himself as director again after the deal is done and start to pay himself fees again! Is any of that possible ? As I said IMO only and its a theory but the pieces sorta fit.
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Hi Splaten,
