SGC 9.52% 2.3¢ sacgasco limited

They do have cash to pay themselves .They chose to pay...

  1. 1,543 Posts.
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    They do have cash to pay themselves .

    They chose to pay themselves in an arrangement agreed to by shareholders partly in shares to preserve much needed Capital to invest in the many revenue generating opportunities that they have .

    They issue the shares at a MINIMUM price of 4 cents despite the fact that the SP is significantly below that because that is what they agreed to do .

    I wish all cash strapped listed companies did that .

    Most don't , they are in a tiny minority that do .

    They are sharing the Pain with their shareholders .

    If their plans work out they will share the success with their shareholders .

    Imo they are showing a lot of belief .


    What is your agenda ?

    Don't you realise that the fortunes of XST largely relies on SGC being successful at what they are doing ?

    Baring a payout from their legal action they have very little else .

    gltaH

 
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