Ann: Loan Agreement, page-26

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cconor79

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12/02/18

20:02

Post #: 31004617
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Originally posted by littlecorn ↑

syd,
i suggest u read top20 in the annual report, board members experience and history on its website, together with latest escrow release announcement... then u might come to the same conclusion as mine when i bought my 500k at 1.2/1.3:

1. diluted mc is about 2.8mil, out of which md and second in charge owns 70%.
2. if u presume top20 stay long term, the floating chips on the market will be less than 15,000,000 at worst, that 300k worth of stocks to be bought if they are available for sale... i mean if...
3. all key management has more than 10-15yrs in the company, not in the same industry, but same company... this alone worth lots of money....
4. its uk business is profitable, and oz business has completed restructuring
5. md loan is unsecured, and has one yr time to pay back, i guess if u take out his proportion of holding, it probably only cost him 1mil or around to waive the repayment and privitise the business, and leave the company as a shell to double down on his position..

whatever going to happen, its 5c north worth at any given day in my book

Expand

Dig deeper into management experience or Board experience not really there in this industry - Two of their better Board members resigned after a short stint and it has moved forward. Agree that UK is profitable but very flat on year on year and quarter by quarter comparison 2017 to 2018 probably indicates no big market wins in UK or Oz. MD's loan only shifts expenses savings from one bucket to now having a $280K+ interest liability. I'd Like to see sustained improvement, not daily short term jolts to bounce the share price.

JHL Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Ann: Loan Agreement, page-26

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