I'm so pleased you got out when you did with a profit, I imagine that if you had held that you would now be in negative territory. In spite of the constant slide I am astonished by the optimism and enthusiasm of the REM Posters. It seems that even optimistic RNS's no longer have any impact and when that happens it is a real worry. (I was in BAO when a similar thing happened)That causes to think that it won't be long before the SP there will be identical to the SP here on EVO.
Don't worry about shouting, that was pretty mild to what we all had to say on 2nd October when the EVO finally gave us their terminal RNS.
I think you raise some valid questions.. I think for those still invested it would be great to think some of these avenues could be explored. Bojar I feel has been compromised professionally, financially and most probably emotionally and may prefer to block out out this whole sorry affair.. But what do I know, you may have more insight
Yup.. Got out ages ago when I was around 2k up. That one really wore me down. For those holding, at some point I'm pretty sure it will at least regain the losses and hopefully exceed, especially for crimbo. Did I really shout at Pete? Ah yes I do remember that, and guess what... I was wrong and he was right, that's becoming a pattern lol. Wish I could have my money back and start over... I'd stick to you guys like glue and follow your every move. Virtually... Obviously
Isn't there some cash in the business? They are also selling assets. Surely there has to be a balance otherwise they couldn't run as a plc and get signed off as a going concern? But I'm sure they've got it all planned how they can keep it going to drain every last drop.
Anybody on here still got a stake holding in EVO? We should get organized and vote off the whole BOD at the AGM. From the annual report the key shareholders likely to support the BOD hold less than 40%. So we have 60%? And if we could get IP Group to wake up and do something about the current ******s on the BOD, we'd be quids in? No one seems to have questioned why Townend who is the NED representing IP Group has just sat and watched this go down the pan? Are they really such an incestuous bunch of lackies?
So why not move to dismiss the whole BOD and insist the business is closed down now instead of ****ing about with this non-existent IP nonsense and return any cash to shareholders? This new "strategy" (ha, don't make me laugh) is just a smoke screen so the BOD can continue to line their pockets. I bet they'll start drawing remuneration again once the heat dies down and the FD (Bamforth) will keep the accountancy contract (nice little earner). They are the only ones not losing out - unlike the shareholders and staff. It will become a shell cash cow for them.
Alternatively is there a philanthropic senior manager out there in blog-land willing to lead a new BOD who can actually do the job, keep it open and resurrect the value? Someone who can build bridges with the staff, bring in marketing and sales expertise and save it from going down the pan entirely. I see Bojar has still got his shareholding so he should be still around to help get it back on its feet.
Did you get out of REM? Know you were in it and quite passionate about it but it's pretty much down 50% since November. Did have reservations about it myself and remember your 'strong' words to Pete when he posted about it.
When you say you are going all in on gold, I trust that you are referring to COMS and hopefully not the resources sector. That is far too unstable and only a tiny minority ever make profit form their dealing in that sector. As Astro says COMS does have much further to go. It will be over 10p at some point on Monday. Trying to buy at the close of Friday was really difficult. A buy in single figures will look very good at the end of this year.
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