RE:RE:RE:RE:30th August: Boardmeeting to approve half year resultsHI, Thank you for your valuable input!
There is a "profit distribution plan" and a "control agreement" on one side and a dividend policy on the other.
I think it would be possible to distribute profits from PRG to MJS as dividends, as regulated in the "profit distribution plan" and a "control agreement", based on the ownership of PRG. I I hope that this will be possible without paying PRG shareholders and their equal share as well.
It would be the running gag of the century. MJS shareholders waited years to have a benefit from the investment, gave 25% of the asset away for 30 Mio cash nobody needed to then -> give PRG shareholders an dividend in their first year of investting after their shareprice went up nearly 100% at one time.
MJS/PRG payed dividends in the past to different shareholders without paying a dividend to all shareholders. This was before the IPO of the subsidiary PRG. It can be, that with the IPO of the subsidiary PRG, dividends can only be paid euqally to all shareholders of PRG. Meaning 25% of dividends go to PRG shareholders and 70,5% go the MJS.
it will be very interesting to see what happens after the board meeting. And it would be appropriate for MJS MGM to finally explain the details on how MJS will operate.
On my phonecall with J clown makcie, he statet that profits will be distributed like it was done in the past. But so far, i dont see any proof and he has lied to me personally or professionally (share buy back 1/2) before
best
Richard