'Selling' the Lithium assets (or shares held when it's publicly listed) comes with a considerably larger tax hit than returning value to shareholders as an in specie dividend.
I understand the fears over GM however, if and when Pirra lists, Haoma's holding will be held by the private listed company, not by GM personally. I know he's is the overriding major holder at Haoma and would have control over how that block of shares votes, but the delineation is important, especially given the Pirra management board is unlikely to contain GM or one of his lackeys.
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