Correction: £13 million not $13 million.

Just a few more comments about this issue:

1. In the link in my previous post, proactiveinvestors open with the line “Ethelbert Cooper, the billionaire founder of oil company Afren…”

So he is a billionaire.

Good on him – although I have serious reservations about how he made his money.

So how does he explain that Gasol plc, the company which he founded and of which he has majority ownership is in such financial mess, with the shareholders owning the company $13 million?

Does Cooper make his billions by digging holes in the share capital of companies?

2. He founded Afren plc. With others. Namely, with Rilwanu Lukman, who died of undisclosed cause in Austria on 21 July 2014, the same day that Gasol was delisted from the London Stock Exchange AIM, and with Osman Shahenshah, who was CEO of Afren until last month, when he was dismissed for receiving unauthorised payments.

Afren’s share value is currently at around 75 pence. This is around 50% less than its opening market price in 2014. When the crisis first hit the company in July, the price initially dropped by more than 20%.

The company is now exposed to a takeover. Let’s see who might make a move.

This reminds me of this other article:

http://daphnecaruanagalizia.com/2014/06/gasol-plcs-share-price-has-fallen-by-55-84-over-the-last-year/

It really must be worth investing in Cooper’s companies. His new chairmanship of IMIC plc must be really exciting to its third party shareholders.

If China is even remotely interested in Malta’s EU presidency, something is very wrong.

The more I read about China’s interest in tiny Malta, the more I conclude that China’s communist leaders have found a very naive non-particularly-democratic government who provides them with the easiest way to enter by stealth into Europe’s economy and politics.

And why China would want to do that does not even bear thinking about.

China -the communist government, that is – and not “the Chinese” are using Malta the way John Dalli used Silvio Zammit.

https://www.youtube.com/watch?v=8rGU2xwSsFs

WTF has the Malta Labour Party got to do with the EU? They all voted against membership.

Why does no newspaper find this outrageous? Are we still a member of the EU?