I bought this stock based on the "Nicholas Toms Theory"
Nic Toms and his management team have had some changes since i bought this stock., Changes IMHO that are good for this company Thomas Janes , Divesting some dead weight asserts ,all good
He has NEVER DONE A REVERSE SPLIT and it should stay that way
1st thing that needs to be addressed is shareholder acknowledgment and an update on the re listing procedure.
( The company now needs to comply with actions instead of just words.) IMO the company should buy back 30%-50% of the common shares as Lex mentioned then convert them to treasury shares.
They would still remain on the books as asserts. and can be retired in the future when the company is more solvent and prepared to do so.
The company needed to increase the AS to pay debt .Thats a good thing .Just because the debtor is paid does not mean the debt is over . Now the company needs to pay back its loyal shareholders
Using buyback shares as treasury shares allows the company time to expand and grow.
Ans as i said i bought this stock for a life time of achievements Nicholas Toms has completed.
Thanks SC
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