The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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Still in a quandary re sending a file to the FCA re all the questionable RNS's (it would obviously be down to the FCA) to judge if they were misleading or not).
My quandary is, will it cause more harm to us shareholders, due to any possibly bad publicity or will it benefit us small PI's in the long run if the authority deem action is required.
Not looking for ticks up, just want to get a feel of general thoughts.
I will not take any notice of the posters on here (we all know who they are, most I have on ignore) who are accepted rampers/de-rampers.
Any replies, please do not post anything derogatory as I do not wish to weaken any case that I put forward for FAC consideration.
How much more harm can it do than has already been done to us by the crooks ? The SP isnt exactly where we all hoped anyway so go for it
Caveat on this post is I have very little experience and still relatively new to this
Rocky
I think if the FCA got involved and investigated the company would be a good thing. It would send a strong message out to all companies that they too are in the spotlight. It would send a message out to the bod if all companies as well, and more importantly it would send out a positive message to the small time investors on AIM that 'We the FCA are looking out for your best interests, and if we find any untoward financial irregularities by the bod, that the bod members will be brought to account's, and that is what AIM needs right now imo.
There is no need what so ever! The first time was questionable, but people have already shouted their concerns to the FCA for that.
I’m not a fan of him what so ever, but the fact he got a speeding ticket raised in order to prevent him receiving more, says something to me. We all know he could hang on to his shares and sell at an a lot higher price. But this time he has done the decent thing, and sold as cheap and quickly as possible.
He wants out, having been forced off the board. He’s made his millions and now wants a quick exit.
Just leave him be now.
Rooky
I would leave it now as things are moving in a more positive direction and BOD changes are happening.
Thus any continued persuual may result in negative publicity as you have also considered in your post.
Time to move on, the future does look brighter imo.
GLA
I would be up for the investigation if that c@@@ was locked up,
No need IMO. He could have waited a few days and sent an RNS saying machine installed. Then he would have been able to sell at much higher price.
Agree, it would not be beneficial now that tB & PR have left.
IF they were still at the helm it would make sense but with the current infighting i would be shocked if the organisation made anywhere near the operational progress they wanted to in the past 3 months, imo a further investigation will only see this dithering to continue. It would also distract the new BoD on executing on their efforts.
We have what we want. TB & PR out. What more would you like to achieve by talking to the FCA?
Complete waste of time and likely to do more harm than good.
As far as I can make out (I am not an expert), they have done nothing to breach the rules. This AIM, not main market. Things are not quite the same.
Just my opinion
No need; think it will bring more harm than good. Old BoD gone and production starting soon. This will just damage the company unnecessarily.
Ye take them to court give them a slap and give me my money back
Sound good
Happy Days
Hi Chrispye84,
You say, 'Do You guys have a corporate idea Of the destruction they would cause', just toi clarify, I do know the system due to my contact with the FCA re another company I put in a file for investigatory consideration, which I admit was a learning curve.
Please note, I do take your post equally with others.
I do not wish to labour the point as I do not wish to distract from other RMS related posts, so as already the No's, are 2 to 1 to the Yes's, I will leave things as they are for now.
Thanks to all comments re this.
I updated the FCA last in late December. You can't say, 'everything is o.k. now', the old board has
gone etc, etc. You need to be consistent, if TB has breached the rules, regulations and laws then he needs to be fully investigated. Say for example the FCA are already investigating a director, they won't stop until they've come to a conclusion on guilt. They are stretched funding wise, so why waste the effort and monies, if they aren't going to finish the investigation.
The more people that complain the better.
@Chrispy
In November my first email was to one of the company advisors, they said the other advisor knows more then they do. So why are they being paid and signing off RNS's. So there is very little oversight over what's released in RNS's.
I sent an email to the same advisor last week, no response to date.
The Fca have their own issues, fines for companies halved in 2020, only 10 issued. If you want to see how bad they are read Dame Elizabeth's report from December 17th. FCa not fit for purpose needs major overhaul. If your not busy during lockdown its 498 pages long.....
Gla splosh
Yep, FCA won't be able to help. They have overseen fund collapses and abuse, orders of magnitude greater than this, and have utterly failed to adapt to new finance models - peer to peer, crypto, massive growth of CFDs - or cope with the increase in regulated activity.
I imagine they get complains from AIM investors unhappy with BOD behaviour all the time, and never do anything.
@burningchrome
The 'spotlight' is truly on them because of the 500 page report. They need to investigate and prosecute some cases to send a 'strong' message.