This is also a failure of the rules and regulations and their enforcement on AIM. I imagine that the big institutional investors will be contacting the AIM asking them how it is possible that Providence have been able to issue misleadingly upbeat information whilst at the same time not mention the high risk of having to meet a circa 10 Million dollar payment
Fare well Tony best of luck for the future!
I even questioned company early 2015. If you remember they raised capital immediately after court case, they would have done some presentations to iis atleast 2 week early which was master stroke to general public.
Forget about 10 million bill, atleast they had the responsibility in briefing us about court appeal. There acts are unethical, even in 2014 no info to shareholders
Providence has just issued upbeat statements in two RNS in February and March and neglected to mention the possibility of having to pay a circa 10M dollar bill.. It is disgraceful.
They are taking general public for a ride.
I cant understand there is so many rns issued by the company for past one year and all of them showed carrot of farm out but this appeal info kept under wraps. Serious issue with Board conduct.
Ya. Well done spuddy. Nothing wrong with anything in that. Discraceful management.
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