AfricanElement
Active Member
I have some free time this morning so I thought I share something I found pretty funny with you all.
Verimark (JSE:VMK) has hit the pits. It's gone from just over R4.00 a share in mid 2006 to 40c a share now. The CEO and also the majority shareholder, Mike Van Straaten, decided to buy out the minority shareholder's shares for 50c a share, about R3.50 less that what some investors paid for them, so that he could delist Verimark from the JSE. That pissed them off. (no ****)
Now it's come to light that last year they hired Renso du Plessis, a fraudster, who was convicted of the Leaderguard forex scheme back in 2005.
His job position: A salesman.
Verimark (JSE:VMK) has hit the pits. It's gone from just over R4.00 a share in mid 2006 to 40c a share now. The CEO and also the majority shareholder, Mike Van Straaten, decided to buy out the minority shareholder's shares for 50c a share, about R3.50 less that what some investors paid for them, so that he could delist Verimark from the JSE. That pissed them off. (no ****)
Now it's come to light that last year they hired Renso du Plessis, a fraudster, who was convicted of the Leaderguard forex scheme back in 2005.
His job position: A salesman.