RE:RE:Is 4.2 cents CAD per share a reasonable IPO Price ? " There is factually no causality between the share price of persistance to the share price of MJS."
Richard, Majestic will still own 9.4 b of Persistence 12.5 b shares upon HKEX listing of Persistence.
So, as the value of Persistence changes upon listing on HKEX .......putatively a gain of nearly a factor of 4 by my calculations ....so will the asset value of our 9.4 b shares .
Am I not Correct that this will be so ?
If for some reason, Persistence receives a takeover offer for cash, that offer price applies directly to our
9.4 b shares in which case, we cash out our 9.4 b shares.
Am I not corrrct that this will be so ?
Is this not causality ?
" Our Board comprises four executive Directors and three independent non-executive Directors. One of our executive Directors, Mr. Mackie James Thomas, will continue to serve as the chief financial officer of Majestic Gold.
After the [REDACTED], given that our Company will continue to be a subsidiary of Majestic Gold and thus the need for Majestic Gold to consolidate the accounts of our Group with that of the Remaining Group.
Mr. Mackie James Thomas will be supported by the finance team of the Remaining Group to handle Majestic Gold’s accounting and consolidation functions as its chief financial officer, and, with the assistance of our Group’s supporting staff, he is expected to devote half of his time in the day-to-day operation of our Group upon [REDACTED], mainly responsible for the legal, administration and human resources matters of our Group.
As Mr. Mackie James Thomas has been appointed as the chief financial officer of Majestic Gold since 2013 and has since been responsible for financial management and corporate finance matters of Majestic Gold together with its subsidiaries, including Yantai Zhongjia, his knowledge of the Remaining Group and our Group’s operations, as well as his experience in accounts consolidation, benefit both the Remaining Group and our Group. Our Directors believe that Mr. Mackie James Thomas will be able to satisfactorily perform his respective roles in the Remaining Group and our Group with the assistance of the relevant supporting staff as described above. Save as Mr. Mackie James Thomas, no