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Absolutely disgusting that the greed of a few individuals has robbed honest shareholders of their hard earned cash.
Another hard earned lesson learned never invest in a company that these crooks are remotely connected to.
There will be a lot of angry shreholders here that will be keeping a close eye on proceedings and don't think they will be brushed aside so easily.
Skulduggery is best way to describe what is happening here.
No coincidence that the NED steps down the day before Zorbas previously announced departure, then 2 days later business in administration.
Very little confidence that the BoD are genuine in their comms around trying to save this. Wouldn’t be surprised if one of these offers to buy off the administrators is from Zorbas.
company could have been a real success 9 months ago. Ruined by greedy persons listed below, just trying to get as much out of the company and line their own pockets using every dirty trick in the book.
My gut feel is they might not have finished yet either, carefully watching current proceedings, clearly the drone purchase was a deliberate way to drive it into the dirt faster, as one could easily anticipate the infuriated investor reaction.
Ultimately somebody has to own these shares , fact of the markets.
Large chunks of these with URU, Zorbas, Groves, Hogan etc according to reported info. Like to think that’s the case and they are feeing the pain but somehow doubt it and sense that if anything does come through to keep this alive then it’ll be as dodgy as fook.
Why were people still invested in this POS ???
This has been a very expensive lesson to all investors. The warning signs were there, but we all thought we could see a good business in there. It seems, however, the BOD had different ideas and either couldn't do the job properly or didn't want to.
The board need to get moving now. I don't think anyone can defend them after today's RNS. They've had all year to resolve this.
They promised news last week, obviously that didn't happen, so rather than say nothing
probably thought they better say something .
"Continuing to make progress in discussions to restructure debt", but no timeline given this time
so we will just have to wait and hope it gets sorted.
A complete waste of time.
No set timeline on this one that can be broken, so short and sweet or oh ******?. :o).
World class woof woof
World class of what ??????///……..
You got it wrong when you were calling the EGMs, hence defeat and suspension....... and you still keep getting it wrong.
Check at uru: blue, still trading, world class asset, .....
In URU they gone have the same faith as here ...
So this dog is saying 2 warrants with every ticket, by Friday.
Not long now until Friday, but....if it happens....then definitely time to lock few of those loose dogs into the kennel.
Not really looked at these results - not a URU holder.
Having said that, the last paragraph confuses me - if the suspension was in September 2019 why link that event (uses the word accordingly) with them impairing the investment in the year ended March 2019 ?
Why: "poor people in uru"
Shouldn't you say "poor people in MRS, due to the suspension (which happened for the reasons stated in the RNS)"
Roasted To Your Like
The Silence Of The Sizzling Sausage.........Dog.
Gigi sorry mate, so that link says "2 warrants for every cinema ticket".....by Friday.
Is that for MRS or Uru?
Lazarus LINK IS THE BEST TO DESCRIBE HIM...
Poor peoples in URU ..
mugged and did a run.....
Investment in Management Resource Solutions PLC (MRS)
On 1 March 2017 The Company acquired 7,550,000 shares of Management Resource Solutions Plc ("MRS") from Scopn Pty Ltd. ("Scopn") at a price of £0.05 per share. As consideration the Company issued to Scopn 25,166,666 new shares of the Company (each at an implied price of £0.045). On 10 April 2017 the Company subscribed for an additional 10,000,000 shares of MRS at a price of £0.05 per share for total cash consideration of £500,000 bringing the Company's aggregate interest in MRS to 17,550,000 shares (representing 9.59% of its current issued share capital). The Group believes operational efficiencies can be realised to restore MRS' profitability and the potential exists for significant revenue growth as a result of re-opening and/or expanding of mining operations in New South Wales, coupled with the continual demand for New South Wales coal from the Chinese, South Korean and Japanese markets. The Board believes the investment in MRS provides the Group with a liquid investment with potential near-term upside.
On 5 May 2017, trading in MRS shares resumed on the AIM market of the London Stock Exchange. The closing middle market share price was £0.075 per MRS share on 27 September 2018 representing an overall value of $1,726,780 based on 17,550,000 shares held.
On 19 September 2019, MRS announced that two of its main subsidiaries in Australia, Bachmann Plant Hire Pty Ltd ("BPH") and MRS Subzero Pty Ltd (trading as MRS Services Group, "MRSSG"), were put in voluntary administration. This announcement resulted in the suspension of the trading of MRS shares. Accordingly, the Group impaired the investment in MRS during the year ended 31 March 2019. Subsequently MRS announced that it's working on a finance solution to restart the trading of its shares.
Woof woof haven't you found a bone yet, ...just a suggestion: can't you chew your suspended shares, they are worthless anyway, due to the numerous EGMs.