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quietinvestor69

240 Posts.

11

01/11/22

13:51

Post #: 64524239
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Originally posted by Contrarian4me: ↑

I think Gary Morgan owns or controls at least 64% of the shares in Haoma. With a 50/50 ownership of Pirra Lithium, upon a spin out into a separately listed company, Gary Morgan would own/control at least 32% of Pirra Lithium shares, which would give him effective control of the company. I think Calidus would not like this to eventuate.

Perhaps by backing some 100% Calidus owned tenements into Pirra Lithium and renegotiating the Pirra Shareholding to maybe 25% Haoma 75% Calidus, this would reduce Gary Morgan to at least 16% ownership/control of Pirra Lithium shares which would not give him effective control.

Any thoughts on this? or do you think my Maths is correct on this?

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Can understand someone not wanting Gary Morgan not to have control. I wouldn’t either. Haoma shares continue not to be traded. Last purchase of Haoma shares was 24 cents. Activity by Calidus doesn’t appear to have increased Haoma’s market appeal!!!

CAI Price at posting: 38.0¢ Sentiment: Buy Disclosure: Not Held
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