Why did Mr Findlay take 80M GME options, yet despite all sales & good news from Patriot, not one director has any interest in any PMH stock at all? PMH appears deliberately unpromoted, and could not attract proper US broker interest until it reaches $3 - unlikely to happen.
Can Wood swap Patriot listing on OTC for an AIM listing and/or consolidate PMH OTC stock into GME?
What seems to have happened since May last year:
1) GME List Patriot on OTC at $2(possibly well above market cap for PMH?) - own 82% of shell
2) GME sell to willing buyers (but still maintain controlling interest) - how else would stock fall so much? GME can get the price to anything they want - the lower the better.
3) Price drops to $0.50 (under market cap?)
4) Swap PMH stock for GME - GME get PMH stock on the cheap, and reduce GME available shares.
This would a) consolidate PMH value fully into GME - significantly raising GME price and b) Make PMH more tradeable via AIM as an entity within (as opposed to separate) from GME - after all many US companies are choosing AIM over Nasdaq.
This is the only benefit I can see of last May's OTC announcement. Wood knew the GME price would fall, due to placings he'd have planned back then, so listed PMH elsewhere to protect that part of the investment. Cool move IMO.
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