Drummond Sells off His Stake at Media Corp

10 million penny stock shares sold

According to the latest announcement of Media Corp, the parent company of the beleaguered Purple Lounge operation, its former chairman Jason Drummond has sold off his stake in the business – all 10 million shares.

Apparently, he sold them at the price of 1p apiece, and “no longer has a notifiable interest in the Company’s issued ordinary share capital.”

Drummond resigned his position as executive chairman of the company back in February.

In related news, the company Chairman Phil Jackson and interim CEO Adam Fraser-Harris announced that a General Meeting of shareholders is scheduled for 5 July at which "Resolutions relating to a Capital Reorganisation and Directors’ authorities to allot shares will be proposed."

lcb activities in the last 24 hours

  • 45
    new members
  • 637
    members online
  • 14539
    guests online
  • 143
    new posts
  • 2237
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results