Photo-Me International (PHTM)
Posted: August 24th, 2020, 6:45 pm
Tibergeist PTE Ltd, an entity closely associated with Serge Crianski (CEO and Deputy Chairman of Photo-Me) has bought another 60,000 shares in Photo-Me and since he is the beneficial owner of Tibergeist which now owns 89,733,217 shares in Photo-Me, he effectively owns 27.73% of the company. At what % does he have to make an offer? Is it 30%?
Am I the only Fool who still holds shares in this company? I suppose I might as well hang on for the ride, hoping to lose slightly less than I would otherwise do. I don't recall another case where the boss takes over the company but I dare say it has happened. Should I be buying more at this juncture or is it just a confidence booster to get the price up a bit at which point he will sell, leaving me gasping?
Am I the only Fool who still holds shares in this company? I suppose I might as well hang on for the ride, hoping to lose slightly less than I would otherwise do. I don't recall another case where the boss takes over the company but I dare say it has happened. Should I be buying more at this juncture or is it just a confidence booster to get the price up a bit at which point he will sell, leaving me gasping?