On 23rd May it was announced that AIM listed Parkmead (PMG) was to buy AIM Cesspit oil stock Lochard Energy (LHD) in an all share deal worth c 4.9p per share. 41% of Lochard shareholders have agreed unconditionally but some – including the former CEO are trying to block the deal. With respect, they are tonto. My only surprise is that Parkmead has not walked away.
You may remember that the former CEO ran this company into the ground, was ousted and then used his lawyers to extract a $1.3 million payoff. That on its own should tell you that if he is voting one way you should automatically vote the other. He is clearly a prize shit.
Today’s statement from Lochard is grim. It is clear that
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