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Looking forward to see what is bid for the drone company was worth 1.2M ....any friendly bets gentlemen.???
Hopefully we will see certain well heeled people putting up their own and bidding a million plus for it....yea right ..a flying pig.
That will be the conclusive proof of fraud.
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).