"wildrides • 2 hours ago What did flip flop achieve with his intervention at Sefton and Teathers ? I would have thought with your role in promoting Teathers (TEA) to the masses you would be following weekly the progress or otherwise Flip Flop is making on that front . It all goes quiet very quickly on bad calls you have made . Never mind Potash share holders , what about your own tip ( TEA ) holders ?
• Reply Tom Winnifrith Mod wildrides • 2 hours ago
Sefton and Tea watch this space, news soon. I have followed TEA religously as you know. NEW he kicked out the crooks. I guess you missed all that as you were too busy FYB with LGO & FJET shares"
"the only value this company is the shareholder base".
That is not much of an 'asset' imo. Of course there is a cash pile, but how much? Could be anything between £100k and £300K. We just do not know how much has been paid to the 'consultants' or how much 'pay' team Clem awarded themselves. The amount of cash left is pathetic what-ever way you look at it. This company will never re-list imo. The authorities are not going to let these chancer's play on the market again. The fees alone are prohibitive even without the incredible team calling the shots. GIGANTIC refinancing would be required and a new credible management with a PLAN; Clueless Clem never had a coherent plan.
Who would be mug enough to 'invest' more in this tainted disaster? There are many better 'shells' out there.
When Clem talks about the shareholders being an asset was he thinking he could tap them yet AGAIN for cash.?
It appears the company is being bled to complete extinction and what cash remains will never be returned to the shareholders.
I agree nothing that was said has been seen through!! Either clem BMD or oil. In reality clem has hit the nail on the head by saying that the only value this company is the shareholder base.
The bottom line is this will go no where u till all legal action has been settled its simple as that. When and if it does settle we may have a slim chance of constructing a deal to try and restore value but that will be a great detriment to us shareholders....beggars can be choosers. Waiting game I'm affraid!
You are quite correct ; they do not have to accounts as per listed companies.
However, on 19th May 2016 Clem WROTE;
"Meanwhile, the accounts are being prepared and we will update you when they are released or before if there is anything material to report."
His team promised openness and transparency but have been the complete opposite.
The company's articles have not changed.
The shareholders have rights to call an EGM and attend an AGM; all rights ignored by Clem.
Team Clem made serious allegations against the previous board and talked about a forensic audit. BMD was indignant and even refereed to calling the police in (don't laugh!).
It appears all these comments were just hot air and completely unsubstantiated. I am beginning to wonder what truth there is in anything they state?. We only have their 'unaudited' allegations as to how much was left to them. It appears they are desperate to stop anyone else getting hold of the books. Do they read like a crime novel Clem?
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