Farma said “maybe pineapple want the stock?” Ummm I don’t think so, as they never did want it before. Besides they’d need to actually have the money to pay upfront in that case. No I’m afraid they are probably a recycling share warehouse. Take the stock and then sell it before 30 June to recoup whatever the market will stand I’d imagine. Ever wondered why the deals aren’t done in Australia?
As for the Chairman; He probably joined for an annual Non-Exec Director’s Fee of $50K to $100K or more, which in Angola would be a great deal of money. Especially, for what may as well just be an honorary job. Oh and then there’s the siphoning deals the may be possible too.
Not pretty IMO.
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