To be fair, the accounts were only out by 23rd May last year. With the FRC involvement, and the history, I think they will literally be going through project by project to verify if, when, and how much revenue will be received from each. So if the accounts are out in June I will be mildly surprised. Should be fascinating though, because at last, indeed for the first time, there is likely to be a no nonsense and reasonably accurate picture of what is actually happening. In terms of bad publicity, if you exclude these bulletin boards, how much is there? Frankly, I doubt that all of this will make much difference to customers, unless that is, when we get news it looks like it's all over. I doubt personally that it will be as bad as that, but we shall see.
Too many Chiefs
This dot bomb Co has so many chiefs among its officers. They still need a chief abacus.
Spot on mate.And we still wait for the accountants to add up not a lot.Taking money off the table with forecasts and dreams based on wrong numbers-surely it's not cricket
Trust me this company is worthless. Very shortly there will be a pump and dump get out then otherwise you will lose everything. It has been a circus since it was launched with Letts playing the chief ringmaster. He has got out with millions of our money, why is he not putting it back in at these amazing prices...... Absolute joke this company
They do say your first loss is your best one-good luck
Thanks for the response and well done for getting out at a good price. I was stopped out a way back for some profit but then misjudged the bottom of the slide and got back in. Now caught with some that are almost 93% down! Thankfully not too many though so the only sensible option for me is to sit and wait. Not worth selling what I have. Completely agree with your historical summary, especially the almost phobic aversion to talking in terms of cash and the use of jargon instead. The timing of Letts' major sell off was also, erm, fortuitous shall we say. Still, among the debris of the car crash, are some good signs, like a couple of decent director buys back in Feb, the support for the placing last year, an insistence that they are still heading for break even and profit in the near future (we shall see!). I am not going to put any more money into this any time soon, but selling is a sure fire almost total loss. Holding at least offers some chance of recovery, so that is my plan. It is just conceivable that people buying in at this price could do well out of it once the fog clears but I will leave that to others for now!
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