yeah the company has left themselves open in future for possible scrutiny a legal liability if anyone went "balls-deep" into the stock, and are deemed to not provide continuous disclosure etc. Particularly with not having applied a trading halt on the OTC...... all of this year. There are some pretty big holders on the Top 20; it's not difficult to profile them as retiree's given they are SMSFs etc.
The legal vultures take a while to act; but this was a Woolies one, where it was taking up for 9 month trading period.
But this action wasn't started until 2019. It resolved earlier this year with $44M payout.
Basically what I am saying is; let's say the board member end up moving on, and JM does something else or takes another position. The new executives (some time in the future) are going to get a nasty surprise.
Even if they did a capital return now, they might still have holders that have sold out already in the panic, fall through the cracks. This is a tough one; but needs to be considered by the Board; current shareholders can be blind sided by these weird situations.
I think we had a few pop-up "one-time" (quiet) posters that complained about the time-delay of announcements, between what was occurring in Greenland (i.e the Uranium Bill, Vote, then taking some 48 hours to put price-sensitive information in the form an announcement.
The PR machine is still working in GGG:
This sponsored article is potentially quite dangerous to mum and dad holder that don't read or comprehend the situation. Note the Uranium Ban is only briefly mentioned on the last paragraph (should have it at the top imo, for transparency) .
https://bit.ly/3HUGxL9
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