Providence Resources Forum

Board is unethical, why cant they sell to new investors for 1gbp or 75p, lot of current shareholders will sell the stock. This would be better than asset dilution; this approach is same but helps disappointed investors and can win new investors too.

Mr Jennings of Titan Investments fame? Mr Jennings who wrote up glowing appraisal of PVR in recent months. Wonder if he's owed any dosh for his services?

TOR is a complete chancer.

and why did they suspend the shares before the appeal but not before the original judgement? it makes a lie of statement: "the directors had considered that and were "satisfied on the basis of all information available to them that no provision is required to be recorded in the financial statements"." they obviously knew there was a chance that they could fail on the appeal.

What we need now is a deal maker. not a sales person. and it doesn't take much of a sales person to sell something on the cheap.

AIM should also be investigating unethical behaviour. Surely they Have a regulatory body that should be examining the company. 1: Has the BOD behaved in the best interest of the shareholders. 2: Has the BOD been transparent. 3: If there is no insider trading How come all the major IIs Know about equity raise before us small investors. 4: How have the auditors signed Off year after year on the accounts of Providence knowing what We now Know. 5: is It legal to Pay disgracefully high Salaries to TOR, JOS and BOD out of borrowed money with no revenue stream. 6: is It normal that the remuneration committee is effectively the members of the BOD assigning themselves Salaries that Many shareholders are very upset about. 7: is It legal to pass company funds i.e borrowed money to Irish Olympic Team against the wish of Many shareholders. 8: is It legal to issue Many misleading and false statements. : is It ok to issue RNS about commercial agreement on Barryroe and thereafter not explain what has happened and whether agreement is bust. 9: is It ok to announce An agreement with Schlumberger without specifying exactly the terms of the agreement. 10: is It ok to dilute small original PE investors into oblivion when other options exist. Many other questions to answer apart from these

Last year they allocated 1 share for every 4 shares at 25p, how did shares got doubled from 60 odd million to 130 million. Any idea? Has anyone complained to FCA?

Here is the latest update Desperate. [link]

I wonder will we get another update via the Sunday papers!

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