Why is Alba mineral share price so low?
1.In the annual report/AIM admission document MESSRS O'Neill, Duxbury, Martin subscribed to 2.8125 million shares at 1p. They raised 1 MILLION 50K and paid themselves 52.5K commission.THEIR SHARES FOR NOTHING!!
2.The directors pay themselves 20K per annum for up to ONE DAYS WORK PER WEEK!!! Now where's the incentive for the long term investor?
3.O'Neill's track record is POOR! E-PRIME FINANCIAL went into liquidation.
EP and F were suspended from the AIM. And there are more DISASTERS!
For investors sake it's too late for change! Time for O'Neill to go!