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By Tom Winnifrith, The Sheriff of AIM | Thursday 19 April 2018
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I do not always agree with Richard Jennings of Align Research. In fact he can be 100% wrong on certain matters. But on Pathfinder Minerals (PFP) he is bang on the money in trying to oust its useless board. In that battle he has today writting to NED Sir Henry Bellend MP of 3DM infamy. Over to Jennings who flags up a new dirty track Bellend and £170,000 a year CEO Nick "Not for the Many but for the " Trew are trying to play::
You will note that I deign to refer to you with your establishment prefix of “Sir”. From where I come from the addressing of someone by “Sir” implies respect for that party and respect in my book is earned, not given as an entitlement.
Firstly, let me say that your actions this last two months in our attempt to bring about management change at Pathfinder Minerals given the abject failure of the company on almost every measure during your and Trew’s tenure have been, to my mind, nothing short of deplorable. From obfuscating our bona fide initial EGM request on the most spurious grounds to contemplating a placing where it is apparent the principal purpose was to dilute our influence, now to the latest dirty trick which is to threaten James Normand with legal action for breach of a compromise agreement reference his proposed nomination to the Board.
Do you have any vestige of morality and fair play Mr Bellingham? To think also that you have been entrusted by your constituents as an MP with responsibility and good practice, to me, almost defies belief looking at your recent actions here.
I urge you to take a long hard look in the mirror at yourself and precisely what you are achieving for ALL Pathfinder shareholders, your own reputation and your contribution to society in the decisions you have taken recently in regards to the company. For the love of god call the EGM and allow shareholder democracy to, finally, decide the fate of OUR company.
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