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Laxey now own 11.64% of RIFC voting rights


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Exactly, Laxley will make any profit from the trading of shared. They bought the latest lot @ 41p, which is a pretty damned good price - a 1p rise will give them approx £350k return on their investment.

 

They also subscribed to pre-IPO shares at £1 each so they're sitting on a fair sized loss from them even when you factor in the 700k odd gratis shares Green has to give them imminently, they appear to be some way from any profit yet, guess we won't know for sure whether they are a positive or negative force in terms of our long term future till 19th December.

 

You sure about the penny rise making them £350k that's 35m pennies!

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I was thinking more of starving them out. If this lot think I am going to give them cash so they can continue to misappropriate it or worse to pay a dividend if that happens down the line they are barking mad.

 

I take it the democratic AGM vote means nothing to you if it does not go the way you want.

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