I was just glad to see someone calling Rotten Tomato out for the pr15k that I think he is! Nice to see that we don't just have an RT lapdog as the new Chairman, Executive Chairman, or whatever self-aggrangizing position RT appointed himself to!
I must say Addicknt your posts have gone from a ' Bulldog Billy' type regular negative connotations and dour predictions to reasoned fairly upbeat. What has happened ' have you had an experience' and seen the light? Neutral makes a lot of sence of course because we all wait with anticipation, but you've moved from your ' melancholy position somewhat. Only RHambo left to work on now. :-)
On the contrary BH...I've no idea what the outcome will be and nor does any other outsider. What I may wish for is irrelevant. As for the current situation, I'm completely neutral. I don't really understand what the current shape of the business is and I'm not sure many others do either. However, the one thing I absolutely hope, is that the company thrives and eventually delivers some value to shareholders. The new team is obviously up for the fight and good luck to them. It's a great shame that they are having to deal with the SFO investigation whilst simultaneously re-building the company as this will be a huge distraction. I'm sure todays announcement is to provide extra resource to the company i.e the new CEO gets on with the job in hand, whilst others deal with the investigation. Makes sense to me.
addicknt, granted you have stated the ' innocent until proven guilty' bit, but on other occasions when perhaps festering over the past lists of ' comedy of errors' made it clear what you expect the final outcome to be from the SFO investigation. Nothing wrong with that, but the fact that many might perceive your current stance as negative, I can't honestly say I believe to be without foundation. Do you envisage a positive future for the new company prospects or are you much more comfortable adopting a pessimistic outlook?
BH, you've made this observation on many occasions, just as I have said many times that we don't know what the outcome will be. I maintain a belief that says someone is innocent until proven otherwise. The fact that the business was hopelessly mis-managed is beyond doubt...but that's another matter.
addicknt, I remember well. At some point in order for ones head not to explode with anxiety, vengeance, regret and forebording all symptoms that can have a debilitating affect on individuals well-being, we have to move on and look for the positives. If I remember rightly you are one of those who strongly believes that the fate of the previous administration ' is as good as sealed' and the inevitable prison incarcerations for RT and BOD members is imminent. I think it's a pipe dream personally and the final punishments handed out at the conclusion of the SFO investigation will be far less dramatic. While you wait for a ' Sweeny type response with the ghost of Jack Regan' kicking down doors and ' screaming " your nick son" or "Its the Sweeney son and I haven't had any dinner" as they drag RT by his hair to the cells, I'll look forward to the here and now and the prospect of getting my capital return and eventual foothold into a brand new Telematics focused company.
Rocal, I have no interest in WRN by the way but the fact that an institution sold 2m as you say at a loss just before the suspension doesn't mean that the stock is doomed never to return at all as you indicate. With respects you have been pretty damming of investors holding here on occastions in and although, as a non investor, you are still entitled to give an option, nothing you've posted suggest that you have any more of an incite into the outcome of that companies fate.
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