MPO 0.00% 14.0¢ molopo energy limited

Quite a farce really..

  1. 1,087 Posts.
    We have the 2 main shareholders holding just under 20% each controlling the board with 2 out of only 3 directors and the third so called independent director being of their choosing.
    One of those shareholders/directors (KBC) has continually been buying stock at a very depressed sp.
    A depressed sp because of the lack of news and direction to shareholders.
    A cynic might be forgiven to think that the low sp suits their particular interest.
    Only the major shareholders/directors know the real liability of the pending litigation, which I am sure they have had assessed by highly qualified lawyers.
    An assessment that 98% of the other shareholders are not privy to.
    I daresay that it is st in the present directors and major shareholders interest to present a glum outcome and then perhaps to make a low ball buyout figure to the other 98% of shareholders to maximise their return on Molopo's cash.

    Talk about a conflict of interest!
 
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Currently unlisted public company.

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