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From where we are sitting, we cannot see how..? The picture that has been painted demonstrates that Riches has just ripped of all the shareholders. His bonus and salary could have gone a long long way towards the lost deals and patent court cases. It just doesn't stack up and it is leaving the share holders extremely frustrated!
He totally deserves the nominal increase from 120k to 223k a year - its hard work getting the train into London for meetings all the time and the rail fares have gone up over 9% in some cases. Besides, everyone deserves a bonus for hard work, he used to work in the city so is not exactly used to getting a book token to say thanks for all his efforts ! It will come good eventually !
By making a 3 mill loss, I will award myself with a 3 mill bonus!
It did not make a profit of £3K. It made a loss of £4 million by the looks of it.
HOW ON EARTH CAN A COMPANY WITH A MAIN LISTING AND SUBSEQUENTLY SUSPENDED AFTER 6 MONTHS, THAT OWES £3M+ IN DEBTS, MADE A PROFIT OF ONLY £3K AND WITH ASSETS OF ONLY £64K JUSTIFY PAYING ITS DIRECTOR £2.2M+ IN PAY AND "BONUSES". IF THAT IS NOT A CASE OF FRAUD AND DECEPTION THEN I DONT KNOW WHAT IS..! EVEN WHEN COMPARED WITH BANKERS THIS IS DREDFULL. THIS NEEDS SERIOUS INVESTIGATION AND QUICK. SOMETHING NEEDS TO BE DONE TO CLAW BACK THIS SCANDLOUS PAYOUT TO SOMEONE TO OBVIOUSLY HAS NO PLACE RUNNING ANY SORT OF BUSINESS. IF ONLY FOR THE SAKE OF PROTECTING OTHER POTENTIAL INVESTORS THESE ROGUES NEED TO BE ROUTED AND PREVENTED FROM EVER RUNNING A BUSINESS AGAIN.!!!
It will not do much good Base. After my experiences with WGP, that is precisely what I set out to do in here but I was frequently attacked for living in the past, having suspicious motives and such like. It is very hard to get new shareholders to accept that nothing has changed when they so want their investment to be a success. I have no doubt a new set of shareholders would turn on you also. If you look back at my early posts, you can see that many comments took a turn for the offensive and personal. For my part, I tried my best yet a lot of posters in here still got sucked in so I have not been successful in that regard. What I will say is to have some faith that we have finally got the attention of the correct and proper organisations to investigate this further. It does take some time as no matter what you present to them as they have to verify and cross check for themselves which takes time and a lot of this must happen before they can approach the Company or people in question. Getting agreement to take something on as a formal investigation is an achievement in itself though. As you would expect, there is sometimes a clear line between Unethical but Legal activity and Illegal activity and many of the things that have happened are legal but others may not. I was rather taken aback to find that one area I was sure was illegal is actually not and another area is very hard to prove. These are when looked at in isolation of course and the bigger picture now demands attention. Certain pieces of the jigsaw need to be present and a material and disproportionate gain for certain people is important to the case.
I appear to have missed this one. Please would someone post a link to the document?
With the money he has robbed from us mugs, I don't think he will need to do anything else....
ink i will be tracking mr riches and what he gets involved in,then will do my utmost to inform others what he is about!
Company Summary Worldlink Group Plc is an Active business incorporated in England & Wales on 7th December 2007. Their business activity is recorded as Activities Of Head Offices. Worldlink Group Plc is run by 3 current members. and 2 company secretaries. 5 shareholders own the total shares within the company. It is also part of a group. The latest Annual Accounts submitted to Companies House for the year up to 29/02/2012 reported 'cash at bank' of £248,076, 'liabilities' worth £3,930,102, 'net worth' of £-3,518,865 and 'assets' worth £409,797. Worldlink Group Plc's risk score was amended on 06/02/2013.
http://companycheck.co.uk/company/06448562 A couple of days ago... Don't paint a great picture unless your name is Riches!!! Nice of them to inform their shareholders. Again.. P155 poor.
I can't wait to offer up my apology to Riches and Co when this all comes good as suggested by previous posters!!!! This is the biggest joke of a share that I have ever been involved in. It's absolutely laughable!
No expert opinion here! Just opinion. It depends on your perspective. I do not personally believe this was ever a significant news item, more about PR and newsflow for the share price. Another promise without substance. Worldlink Brokers is an Appointed Rep (white label) arrangement of Saxobank's platform using the Chryson FSA licence. No proprietary WGP technology. I do not believe it stood much of a chance of making any significant money from this and it was not really relevant to the core business of the patent. On the other hand, WGP did use it to mitigate the negative impact of the formal expiry of the One Media Technology 'offer' (!) period and a lot of shareholders DID think it was significant especially given the PR behind it from WGP. So from that point of view, it is one of the main Aces that WGP showed to the Markets now being struck off in under 12 months. Look back to the posts in here at the time, there was a lot of excitement about it. At the end of this month, the current Financial Accounting period closes and Worldlink Brokers will have had a full 12 month period of revenue which should be reported by WGP by the end of June. I suspect the revenue will be next to nothing. We already know Jarvis revenues are negligible as are i-mobilemarkets (if it is even live given the IDC debts in the ITS subsidiary), Worldlink Brokers now on its way out, no update on Napdap or Dusanne, heavy defeat to City Index, no funding from Falcon or EFP (according to SD's updates), no sponsorship deals anymore in WGP name, negative comments on the patent outlook from WGP officers in winding up documents (public domain) etc. It is looking bleak.
ink in your expert opinion what do you make of this news?
Worldlink Brokers are the venture that WGP set-up with Chryson to much fanfare. This is the Worldlink Brokers website we all recognise. http://www.worldlink-brokers.com/ You will notice at the bottom, the following statement: "Worldlink Brokers Limited is an Appointed Representative of Chryson Limited, the regulated firm by the Financial Services Authority. Worldlink Brokers Limited is registered in England and Wales number 04088526" This is an entry into the London Gazette dated 5th February 2013 under the section "First Notices": "Worldlink Brokers Limited 04088526 05 February 2013" http://www.london-gazette.co.uk/issues/823991/supplements/1571 Here is the definition of that section: "NOTICE IS HEREBY GIVEN, PURSUANT TO SECTION 1000(3) OF THE COMPANIES ACT 2006, THAT AT THE END OF THREE MONTHS FROM THE DATE OF THE PUBLICATION OF THIS NOTICE, THE NAMES OF THE COMPANIES LISTED BELOW WILL, UNLESS CAUSE IS SHOWN TO THE CONTRARY, BE STRUCK OFF THE REGISTER AND THE COMPANIES WILL BE DISSOLVED." http://www.london-gazette.co.uk/issues/823991/supplements/1535 Here are the RNS statements relating to Worldlink Brokers: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=WGP&ArticleCode=205tdy6v&ArticleHeadline=Worldlink_JV_with_Chryson_Wealth_Management http://www.lse.co.uk/share-regulatory-news.asp?shareprice=WGP&ArticleCode=rjpjoj08&ArticleHeadline=Product_Launch
Were the words. I repeat "imminent" lol.
i guess that means no then... likelyhood of this s..t ever relisting is zero.
Just called and asked. Hence why I said "apparently". When I asked about relist, I got the usual "I am not obliged to say".
u hear that buddy?
Statement update is imminent. (Apparently)
If they were as good at keeping the copyright/patent as much a secret as they are with any forthcoming news on this meaningless share then we'd all be millionaires...Rodney!!
maybe Zimbabwean lira??? i'll give him 10 quid so they can relist and i can crystalize me tax loss
I heard that Riches is trying to raise half a million....well there is not much chance of that happening I think !
Have you thought of looking on 192.com?
Just call them everyday. I do now, just to make a point on how poor they are treating us muppets for investing.