PEN 25.3% 6.2¢ peninsula energy limited

managements' probity

  1. 388 Posts.
    Let me jog everyones memory

    When the PEN OC was issued, it was Gus Simpson who underwrote the said issue

    From memory only a little over half the the issue was taken up

    Simpson could have easily kept the entire residue for himself and theoretically have offloaded them when they reached 12 cents, I'll let you do the maths...... considering the initial outlay was only 1 cent

    It is my understanding he made them available to various key people within the company as an incentive

    If the various expected announcements come out, presumably before the AGM, and they show the company on the trajectory we all hope/hoped for, I shall be looking for retactions and apology's from all who directly or sureptitiously questioned Simpson and the Boards credibility and honesty. This is were this debate has gotten to, a sad state of affairs

    Wait the next five weeks and see



 
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