Not sure i understand this properly but does that mean PB will dilute Linc holding in PHE if he personally takes up the conversion of debt to Hillgrove by issuing new shares at 1p ea?
Seems like it would be a bit of a conflict of interest for a Linc director if a personal loan was converted to shares and diluted the Linc ownership. Mind you if PB moved for Linc to offer PHE a loan and the Linc board did not agree to loaning PHE the money and PB did it personally then that would mitigate the situation. He has not taken up conversion at this stage so no conflict of interest (yet). Just the potential to reduce Linc Energy Ltd share of PHE at the benefit of Linc CEO is not a great look IMO.
LNC Price at posting:
$1.83 Sentiment: LT Buy Disclosure: Held
