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Answer the point : directors were holding knowing they were likely to loose their money, for optics they would have held. Worse then gambling. K most people 99% are gambling on shares and they just can't stop. Brokers make trillions per annum. 1.4 trillion is a world wide estimate. Ever heard of the Gotrocks?!
K reveals he made a fortune. Your ego is really giving you away now Pal. Looking at your interests the little money you have will be gone. You seem to have little understanding of the markets. Good to hear you are not posting again.
Good man Devon.... Keep chasing the dragon
Will do, but with less than the daily volatility of my portfolio. On the out chance this makes it, it's not a bad risk v reward.
One of the benefits of debt v equity on these highly geared plays is you get to stay on the merry-go-round a little longer.
Than does improve your chances a smidge.
Nice to know you like to stalk other posters holdings whilst just posting yourself on one ex share you never held pmsl. Btw answer the point. Directors held shares here. The ex CEO acquired shares just a few months ago. So if the guy at the top is gambling what chance does the company have? Mike Ashley is a billionaire - he gambled here.... As for my AIM investments, k can afford the odd risk after making a fortune with Helphire 6-7 years ago. Goodbye as unless share related news happens I will not lost here again and leave you sad individual to talk to yourself :-)
Good man Devon.... Keep chasing the dragon
Increased my position in the debt by 20% after reading that article in the Mail on Sunday.
Thanks for sharing the article. Duddy did a fine job with his last turn-around, lets hope he has the same positive outcome again.
Thanks for the Tip.
Please keep the good news coming. Now just waitingto see if we get an interest payment next month.
Knigee - I had a look at your other interests. Seriously pure AIM gambles. You might as well be sticking it on trap 6. You'll end up broke if you don't examine your behaviour
Knigee - try and push your brain into first gear at least. It's gambling you fool. Picking companies or stock picking without having done any detailed review of a companies finances is gambling. Companies don't just wake up one morning and close down. Are you actually that dense!
Well know we know... you ONLY post on this ONE thread because you are interested in the psychological behaviour of some investors - grow up. Every week shares go into suspension - every week shares are delisted or have profit warnings - yet you just pick up on Debenhams. Every month a share has a shock - CAKE or PV for example when a black hole is found in the accounts - is that the shareholders fault ..if I only knew indeed. It's not gambling but its definitely high risk - Pearls and others knew the risks involved and his/her only error was to take MA/SPD word for it when they said they were planning a 5p bid and subsequently were planning court action. If only we knew...
As for the directors - some like Sergio were also shareholders!!!!!!!!!!!!!!!!!!!!! Were they gambling too? Or did they know whatever happen they would keep their cosy jobs while thousands of employees worried about their future post CVA. Disgraceful. The nerve of this guy to even write an article in a national newspaper - as if he has forgotten the misinformation to shareholders - the shareholders destruction over two years - the cosy agreement with lenders a year before the bonds expired. My only interest - as someone who held shares here and work in the retail sector is that directors stop getting away with this and actually lose their jobs on failure. Failure to their shareholders !!!!
Hey Colds, I had a look at what you are gambling on. It says it all. Any investor with a bit of cop on wouldn't have touched debs. As I said stop blaming the other guy!
Expecting the Directors of a company in which you are invested to take their fiduciary duty to shareholders seriously is not called gambling.
Its a basic requirement for a Director and if he doesn't do that then he should be prosecuted. Simple
What would he say Knigee... Sorry that you were stupid enough to gamble on this insolvent company despite all the warnings? If speculators in debs can't review their own decision making process they have no hope in the future. Its easier to blame the other guy. If you look at the history of most people here who lost money you will see they are gambling on other similar insolvent companies. Some people are constitutionally incapable of change and self reflection. Dalios book principles would be a good starting point for learning and learning from mistakes. My only interest in this board is the psychological behaviour of some investors. In the face of reality the inability of some gamblers to accept loss is fascinating!
I note that the CEO was in the Mail of Sunday yesterday about his plans for Debenhams. Reducing the size of another 20-30 shops - converting some to multi use ie. cinemas - move more online - not sure I read an apology to shareholders - perhaps he wasn't one....?
Silver /Pearls hope you made some good money on that tip and got your debs money back. By Tuesday your money was x3. No need to thank me!
Sorry silver I was rolling around their for a while. You should definitely be part of MAs legal team. I vote for you as junior counsel and Pearls as Senior
Silver - please Stop... Lololololol
The limitation period varies according to the nature of the cause of action. The limitation periods for some common claims are:
Simple claims in contract: six years from the date of the breach of contract.
Claims brought in respect of deeds: 12 years from the breach of the obligation contained in the deed.
Tort (excluding personal injury and latent damage): six years from the date the damage is suffered.
Personal injury: three years from the later of the date the damage occurred or the date of knowledge of the person injured.
Negligence (in respect of latent damage): the later of six years from the date the damage occurred or three years from the date on which the claimant had the requisite knowledge and the right to bring such an action. This is subject to an overriding time limit of 15 years from the date of the negligent act or omission, regardless of when the damage was discovered.
Fraud: six years, but time only starts to run when the claimant discovered the fraud, or when he or she could, with reasonable diligence, have discovered it.
Defamation: one year from the date of publication of the defamatory act.
These dates should only be treated as a general guideline as the expiry of the limitation period can vary according to the precise circumstances of the case.
https://uk.practicallaw.thomsonreuters.com/7-502-0631?originationContext=document&transitionType=DocumentItem&contextData=(sc.Default)&comp=pluk&firstPage=true&bhcp=1
Pearls still crying like a little sissy boy??
Is it just me or have people finally understood their loss. The BS has finally disappeared and reality hits home.
Silver - LOL
Think thats a no.
Lights out on this one.
Looks like your knight in shinning armour has moved on to his next bet Pearls. Its all gone very quite in here. May be I'll short Game!
Any news?
Big day tomorrow Pearls ?