Yes definitely John! Otherwise isn’t owning 87% of the company enough? Why would you need 100% of the company unless you want to rinse and repeat
Refloat the company on the sharemarket in a couple of years, buy all these add on companies, resume making lots of money and paying huge dividends, then sell off the add on companies and pay down debt, buy back the company when the share price falls and take it private again. Then repeat! There’s always money to be made, if you can’t make it out of the company then you can make it out of your fellow shareholders. I love RG being in charge of this company I just don’t like it when I become his money making target!
I’m like you John I’d be wanting a SIGNIFICANT premium to buy my shares if I’m not able to remain a long term shareholder in this fantastic and essential company
PGH Price at posting:
86.0¢ Sentiment: Hold Disclosure: Held
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