New Majority ShareholderMithaq with 10.65 million shares has moved ahead of the Mittkemen holdings and become the majority
shareholder.
I don't know if this has significance or not but being a holding company, assets held are discounted by the market.
Mithaq is probably aware of this.
Ways to offset this punitive valuation is by a substantial cash dividend .
Another and also very effective is to spin out assets into a new public company.
Aim has stated that it will use some of the PLM cash windfall will be buying cash generating businesses and use our substantial forward tax loss pools to offset future income taxes.
Why not spin out one or more of these profitable acquisitions to shareholders , say 75% to shareholders with the company holding the remaining 25%.
Everyone wins,,