Glif dating

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The "growth" side of the business is the lending of monies at a similar rate that the company borrows, increasing debt in the business, and thus risk, with a return way below its weighted cost of capital (see above comment on the equity).

You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit.Firstly, after a sizeable shareholder revolt (27% of free float voted against the remuneration report) the Board has introduced what, on the face of it looks like investor protection - they will only pay bonuses based on "profits" in future.Two problems with this:1) The statement admits, de facto, that the Board has destroyed shareholder value by allowing the management to pillage the business for years, but is not seeking any repayment, despite the fact that they have ample grounds to do so; and2) There is no definition of "profit" in the announcement.That they did not insist on a definition of "profits" in the announcement would suggest that they are failing in their duties under the AIM rules.As predicted, huge bonuses despite continuing to destroy shareholder value.

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