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POL Polo Resources Limited

1.57
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Polo Resources Limited LSE:POL London Ordinary Share VGG6844A1158 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.57 1.15 1.99 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Polo Resources Share Discussion Threads

Showing 16051 to 16071 of 17800 messages
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DateSubjectAuthorDiscuss
06/4/2020
09:16
Director fees have been only 8000 dollars. Michael Tang has been getting $1 million dollars per year through Polo and GCM. (Including the stock option expense calculated on NAV, Michael Tang's annual compensation is closer to $2 million)

The regulators must not approve the issuance of Polo shares to Dyani, which would double Michael Tang's voting power.

wiley123
06/4/2020
08:35
Polo won’t give any reply
solhuge
06/4/2020
08:29
One of the biggest gripes that shareholders seem to have is the size of remuneration package M Tang receives from Polo and the fact that through loans to GCM he receives further remuneration from GCM.
I am not sure if appointing John Chapman as an independent director would change the situation, especially if M Tang remained as chairman and CEO.
Unless J Chapman could reduce the remuneration of M Tang, then adding him to the BOD as an independent director merely increases the amount of fees and expenses that Polo would have to pay.

shawzie
06/4/2020
08:29
One of the biggest gripes that shareholders seem to have is the size of remuneration package M Tang receives from Polo and the fact that through loans to GCM he receives further remuneration from GCM.
I am not sure if appointing John Chapman as an independent director would change the situation, especially if M Tang remained as chairman and CEO.
Unless J Chapman could reduce the remuneration of M Tang, then adding him to the BOD as an independent director merely increases the amount of fees and expenses that Polo would have to pay.

shawzie
06/4/2020
08:03
What a good news. Polo price not moving. Will go down shortly
solhuge
06/4/2020
08:00
The good news for Polo this morning is that Hibiscus continues to recover and is currently UP 13.3%.
888icb
06/4/2020
07:57
I have read the full statement on the Phronimos website. It would seem they are encountering difficulties in getting a reconvened agm. They concede that due to the adjournment Michael Tang remains the Chairman of the Board but think that if the vote is conducted fairly at a reconvened agm Tang would not be re elected. They wish to propose John Chapman as an Independent Director. They give some general background info about him but don’t name companies he has been involved with or what his link is to Phronimos. I suspect they will struggle with their request for an agm by telephone and that this will drag on during the Coronavirus crisis.
888icb
06/4/2020
06:46
Phronimos Statement Re: Polo Resources Limited

Electronic AGM and Nomination of John Chapman



April 6th, 2020-Shareholders of Polo Resources Limited ("Polo" or the "Company") should be aware that Phronimos Capital, LLC has proposed that John Chapman, who we believe will have widespread support amongst independent shareholders of the Company, be appointed as an independent non-executive director to the Board of Polo. We are also calling on the Board of Polo to reconvene the adjourned AGM so that the vote on the re-election of Michael Tang may proceed without further delay and that this re-convened meeting be held by telephone conference call (as is permitted by Polo's constitution). The full text of our notice, which includes an update with regard to the corporate governance issues that we discussed more extensively i n our letter to shareholders dated

american idiot
06/4/2020
05:58
Very opaque company, very opaques informations....

news about phronimos maybe....??

solhuge
05/4/2020
12:55
Perfectus is registered in Marshall Islands so not a lot of info.
Net assets of 5m in 2014.
For a holding in Polo & Blackham.
Say net assets have shrunk to £1m (Polo 15p to 2ish)
2% is peanuts.
Annual admin cost is probably higher.

russman
04/4/2020
15:19
Correct russman and oust the ceo...
solhuge
04/4/2020
12:08
An ideal opportunity to buy the 2% of Perfectus we do not own.
russman
03/4/2020
17:10
The conclusion is that polo share price has been divided by 25 since tang bought it.....isn't it enough....
solhuge
03/4/2020
16:03
Polo last trade 1.60 25000.
Polo closed at 1.655 down 7.2% on volume of 360000.
£5982 changed hands today so I don’t think it’s worthwhile to try to draw any conclusions from that.
Enjoy the sunny weekend and good to see Spights put in an appearance.

888icb
03/4/2020
14:47
Polo last trade 1.487p. 100,000. Down 16.69%
solhuge
03/4/2020
12:23
But polo doesn’t follows the rise....
solhuge
03/4/2020
10:06
Oil prices up over

20#

spights
03/4/2020
09:49
Hibiscus continues its recovery and closed 4.65% UP
888icb
03/4/2020
06:58
Or sell the assets
solhuge
03/4/2020
06:58
He must be ousted or give up his massive salary
solhuge
03/4/2020
06:28
Vote Tang out(again)
Recruit a cheaper "strategist".

russman
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