If AR throws in the towel then his reputation will be in tatters as I for one invested more because if his involvement. Same here i invested more as AR was on board if it does go tits up i will and i guess a few other investors will vent there spleen at the next event he speaks at IN FRONT OF ALL TO SEE so yes his reputation is on the line so is his face in the FT but deep down i think he will honor our investments we will just have to be patient and wait and see !
I think it's a potentially exciting prospect. Reynolds no doubt has plans to use the Hubco shell as part of his company rejuvenation of NEW fortunes. I'd much rather the company embrace The BigSofa than have the loned money back and the management sag steering at the cash pile.
Hubco Investments - a zero income loss making company expecting to magically swallow up Big Sofa, another cash consuming loss making company owing us a fortune. Good luck with the multi million valuation. Where do Nomads get the chutzpah to make these things work?
The only hope we have is if AR sees the NEW current business predicament as a personal afront and is still determined to turn this round, which he is more than capable of doing IMO. If AR calls it a day despite the critical voices illustrating he's so called ineptitudes during the saga, a sentiment I don't concur with, NEW will sink without a trace and no prospect of moneys will be seen again.
I said from the outset when some were crying about NEW decision to switch focus and associate with the BigSofa by way of RTO that if all was well and good the potential for eventual company growth was huge. Still of that opinion and it was the correct move but AR and team to target this company. It's a crying shame however that historical associated baggage relating to individuals past dealings and credibility has prevented NEW benefitting from potentially excellent prospects. So it looks like the borrowed funds will be returned but with no stake in BS thereafter, the cash return is great in reality will represent a somewhat hollow victory with a delisted company with cash but no business in which to invest for future growth.
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