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Francesca Washtell
@fwashtell
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2m
There is a question being billed as *the final question*. It’s about the board - Scrimshaw says two executive directors work for Anglo at the end, everyone else is out of a job if the offer goes through today. Scrimshaw clearly keen to wrap things up.
IF there are more questions then if it took until midnight it should what right do they have to be bored of it all ???
no this would be illegal.
could be stock options and francesca misheard or mistyped, no idea.
I have to say that I'm grateful for Mss Washtell's feed
Francesca Washtell
@fwashtell
·
3m
CF says there was nothing untoward about this and it was across the company. Says Anglo has put £19m (I think) on one side to buy out staff who have had shares.
well don't they just get what we get or is that a bribe ??????
"Russell Scrimshaw said the board felt the same and had ‘hardly slept for months’, trying to pursue different options."
------------
Is he talking about how to divvy up the 19 mill blood money.
Russell Scrimshaw said the board felt the same and had ‘hardly slept for months’, trying to pursue different options.
They're going for the sympathy vote now, wont wash im afraid
This mans a disgrace sounds like the bonus s AAL far outweighted anything else
Fraser shoots down every alternative possibility.
He can feel his 7 million slipping through his fingers
Vote NO. This is not right, he should not be due 1 penny.
Since when did ineptitude, incompetence, skulduggery and disloyalty get rewarded
___
Definitely. Vote NO.
KOH
The more that I hear from the weasels the more I’m happy with my 155,000 votes.
OR
Fraser shoots down every alternative possibility.
He can feel his 7 million slipping through his fingers
Vote NO. This is not right, he should not be due 1 penny.
Since when did ineptitude, incompetence, skulduggery and disloyalty get rewarded
Chris Fraser responds to Ms Ishmail’s comments, "CF knows nothing" he is so wrong its untrue
Since the board have been wrong about just about everything, that should signal everyone to vote no.
___
Definitely. BOD have NO credibility whatsoever.
Vote NO.
KOH
Calamari: that's a very good question, why didn't they? Surely the building of a simple mine wasn't really that high a risk. If you have billions you need to invest big, you can't invest in corner shops! What other large scale projects present less risk? Perhaps they were too busy shorting at zero risk
Its too late now to go back to shareholdesrs though isnt it.
They should have actively pursued this MONTHS ago.
CRASS INCOMPETENCE
Calimari It'll be down to risk, SXX bonds were basically junk status and ii's will have risk profiles to keep within
Scrimshaw says if No vote admin is most likely outcome.
Since the board have been wrong about just about everything, that should signal everyone to vote no.
Ps. Does JPM share boards view in which case since they are clearly working against shhldrs that shhs even more reason vote no.
'There was relentless work going on in the background'
Yes, to screw us over
It's a damned small risk once the monies raised. Smaller risk than dying from Corona
Bottom line in that the Governments failure to back the funding deal was terminal.
___
The bottom line is that it wasn't. The SP was in 20s before Fraser agreed conditional deal with shorters JPM. He continued to employ them 6 months after the catastrophic drop in SP dragging the company to the verge of bankruptcy in the same time. This could have been played in ten different ways including equity rise at higer levels and different approach to financing and construction risk reduction. We could have raised that 460m and reduce the risk a long time ago. So no,Governments failure to back the funding deal wasn't terminal. Mismanagment / incompetence of those responsible for delivery at every stage of planning and implementation stage were.
KOH
Awarding contracts with value in excess of current available funding, and appointing a financial advisor whose associated company shorted shares to death is how it got to "terminal". Blaming government is just a convenient but irrelevant excuse
There must be thousands of savers out there who don't know anything of Sirius but would love to be getting 10% for a small risk. Instead of watching their savings disappear
Definitely. Fraser needs to go immediately.
Vote NO
KOH
#quickfeet
just like selling the same people shares...
they get taken seriously then...
CF will not be staying on if we get our way. Vote NO.
Bottom line in that the Governments failure to back the funding deal was terminal.
You could argue that SM could have done more, but with the SP in tatters and capital running out the company was just a sitting duck for takeover.