An irreverent look at Wall Street
Hey Palmoni,Quick question. Do you receive an e-mail notification when someone posts a comment anywhere on your blog?
yes but I'm a notoriously slow email checker!
Hah okay, well I just wanted to see if you have any updates with that company. I received the PPM and subscription agreement forms and by the looks of it, ownership is being VERY generous with the minority shareholders. I have never been in one of these deals before and I'm wondering what I should be concerned about?
is there anything for the common share holders of MGOL.pk?
yes, he should have reclused himself over a personal issue. another example of judicial activism trumping judicial integrity.
I've gone through the PPM --the problem is all the stuff that supposedly is going to happen. I just have some trust issues after the screw job on the public shareholders. I think they eventually want to retire the public stock, but they'll do it in a way where it costs them as little as possible--when they instead have a responsibility to shareholders.
I agree there is a trust issue with ownership, but you'd think they wouldn't have created this mess without having a plan. The financiers they brought on look like serious entities. What problems you see occurring? If they do that conversion as they said and that IPO happens, then I'd forgive them for this mess, hah.
I think it will be Ok. In fact, I'm trying to acquire some property with some other investors in Colombia--so it's not that I don't think what they have will work.I just wanted to throw out a disclosure issue, since this is a public forum--and let everyone see both sides.My opinion on the prospects have never changed. It's just that the execution of it--that's where there is some issues
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