Polo Resources Share Discussion Threads

[888icb] 07/7/2020 15:47

Bid 2.00p. The last trade of which you are usually so fond was a 10000 buy at 2.199p Closing price 2.06p. Not really worth bothering about with just 18000 traded. More activity at GCM where the volume was 298000. A late morning 100000 sell took the share price briefly below 14p but it then recovered in small steps to close just 2% down at 14.75p.

[russman] 07/7/2020 08:08

I presume Polo's Board meetings are held at a time and location convenient to Tang. I assume there are Board meetings or maybe Tang's decisions are rubber stamped later. As no-one at Polo has a telephone or internet connection, it rather limits the supply of potential NEDs to recruit. Anyone know any potential "disabled" candidates, preferably with an MBA in mind-reading / smoke signals.

[johnnyrambo1] 06/7/2020 13:42

Amazing 5000 £ what a fortune😂8514;

[888icb] 06/7/2020 10:08

I suggest a visit to Specsavers as one trade was for 250000.

[johnnyrambo1] 06/7/2020 09:49

The best you have done. This is going nowhere for years and years You shouldn’t had a lots of shares as only two trades this morning for about 25’000 shares each or 500£. Best to use your money for a nice week end

[dekle] 06/7/2020 09:35

Fed up with this and sold today so I'm out

[russman] 06/7/2020 08:20

Polo BoD = Tang and 2 NEDs. Tang can & has done as suits his personal benefits. It is a travesty of corporate governance.

[russman] 05/7/2020 09:19

The Chairman of any company would wish to control his BoD. In Polo case, Tang would not want an outsider who disagreed with him. So Polo pays the NED salary; Tang uses shareholder capital as he wishes. There is no corporate governance to support minority shareholders.

[glavey] 05/7/2020 00:29

I always understood it was etiquette to post a credit when one plagiarises the writing of others. ;-) Let me help: hTTps://www.iod.com/news-campaigns/news/articles/What-is-the-role-of-the-NonExecutive-Director Now, back in the real world of AIM, BVI and such incongruities where chief and chair congeal at the seat...

[johnnyrambo1] 04/7/2020 16:05

And again more brown stuff from 888. Ten years of brown stuff

[888icb] 04/7/2020 13:18

You said Tang paid them. Make your mind up.

[johnnyrambo1] 04/7/2020 13:03

The shareholders with the coming increase of capital and the dividends paid by companies polo is invested in will pay him idiot

[888icb] 04/7/2020 10:52

Who recruits any NED in any company and who pays their salary?

[russman] 04/7/2020 10:30

& Tang recruited them. & Tang pays their salaries.

[888icb] 04/7/2020 09:32

Essentially the non-executive director's (NED) role is to provide a creative contribution to the board by providing independent oversight and constructive challenge to the executive directors. There is no legal distinction between executive and non-executive directors. As a consequence, in the UK unitary board structure, NEDs have the same legal duties, responsibilities and potential liabilities as their executive counterparts. Clearly, it is appreciated that NEDs cannot give the same continuous attention to the business of the company. However, it is important that they show the same commitment to its success as their executive colleagues. It follows that NEDs are subject to the codified duties of directors contained in the Companies Act 2006 in the same way as executive directors. Prior to accepting a non-executive appointment, the prospective appointee must ensure they have a comprehensive understanding of the company they are about to join and have undertaken their own due diligence. Once appointed an NED should ensure that an appropriate induction programme is put in place; they participate in on-going training and keep up to date with developments in the company and the relevant business sector. There has been a call for improved corporate governance at GCM and Polo and the usual way of achieving that is an independent NED. GCM have responded with a recent appointment. That job comes with duties,responsibilities and accountability under the Companies Act. If the NED does not do his job properly he is at legal risk and also risk to his reputation.

[johnnyrambo1] 04/7/2020 06:30

Cashing a salary is a job...

[glavey] 04/7/2020 06:05

"The surprising thing to some of you is that the new Ned is there at all as why would he want a job with a doomed company." A job? What's he to do?

[glavey] 04/7/2020 05:49

"GCM has two NED." There are NEDs and then there are NEDs "Doubt Tang would disclose anything, even to his own BoD." A considered opinion in which you are probably not alone.

[johnnyrambo1] 03/7/2020 15:54

Recovered😂😂😂8514; says the idiot glued into this for decades

[888icb] 03/7/2020 14:34

Polo share price has recovered to 2.24 down just 0.4% on volume of 340000. So the asked price is now being paid.

[johnnyrambo1] 03/7/2020 11:25

Last traded price 1.76p -21% Nobody is ready to pay the asked price Ouchhhhhhh

[johnnyrambo1] 03/7/2020 09:48

And a big hole

[888icb] 03/7/2020 09:48

Polo ask 2.34

[alpal2] 03/7/2020 09:43

Like a Polo sweet, the way it works is that: 1} Tang gets the the outside [$1m pa.] 2} Minority shareholders get the hole in the middle [Zilch!]