Well folks, it's been a while between posts here, on the quietest forum.
Most of the PPL directors are on holidays, you'll just get auto replies until next week.
We are hoping that in 2019 the PPL directors are realistic and objective when assessing this business's prospects going forward.
After all, they caused all the problems (except for Nic, who joined the board after the problems).
The last CEO and company founder fell admiringly on his sword, but the Chairman refused to join him.
Having watched the PPL stock price fall from 50 cents to 5 cents, caused only by complete management incompetence, we suggest a solution.
BronTech will want to list on the ASX.
At 5 cents, PPL is basically finished, though they won't admit it yet. I've never seen any stock recover from this position, all they ever manage to do is extend the death throws, like a thrashing fish out of water.
BronTech and PPL have a current agreement with regard to client data access.
BronTech is a BlockChain company, PPL is not.
BlockChain is the way of the future, on all fronts.
BronTech is young and innovative and dynamic, PPL is not.
We suggest that BronTech and PPL merge.
PPL shareholders can receive BronTech shares.
The company can be renamed BronTech, and 1 or 2 current PPL directors can be added to the combined board.
BronTech will then have effectively mounted a reverse takeover of PPL, and will be a listed company.
If PPL directors become sensible and realistic, logical and rational, then this may prove to be (one of) the only ways that PPL shareholders can survive in the mid to longer term.
Some PPL directors don't own any shares, and some have very few. This will continue to be problematic for the company in 2019, and for the welfare of it's shareholders.
Let's hope that when they are back from their holidays, that common sense might finally prevail with this stock.
Gw
PPL Price at posting:
5.3¢ Sentiment: None Disclosure: Held
