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And still nothing on the man and his wife who have destroyed value in this business by their illegal sales.
Not illegal punter to sell a few and we dont know the reasons why.
late reporting is the issue
great opp at these levels and of you dont like it sell and move on
Late reporting is highly questionable at this level of expertise.
I'm not buying your blaze, oh it's nothing, attitude. It is something and the longer it goes on the stinkier stuff like this gets.
I like this company and it does great things. A large part of my shareholding is now here and I want to support it going forward. But if it clings onto people that ultimately harm it, it will be less robust and trustworthy for it. No amount of glossing over and pretending it's no big deal is going to wash I'm afraid!
Added more last week from HEX profits, see only positives in the tech, product and management.
The selling of shares is a matter for the company to deal with in such a way that it addresses the issues without damaging progress to thr business.
I don't think a kangaroo court is necessary and Martin Boughtwoods ingenuity may still be more valuable to the business.
When this companies product (Pareta drive) goes into production and the profits roll in , the Boughtwood incident will be forgotten.
I don't think we are having a 'kangaroo court,' Warrie. It having an opinion on what went on. None of which was beneficial to shareholders or the company as we now find ourselves.
Yes, the process is ongoing and we should let it proceed. But that doesn't mean one isn't allowed one's say within reason. This whole thing could have been avoided if highly privileged insiders had played by the rules that they themselves sign up to.
No duster you are wrong. Directors and their families are bound by insider dealing regulation and this has been a clear breach of that law.
Thirty-seven sells that went magically unreported doesn't look like mere forgetfulness to me, no matter how much it is dressed up as 'oh well'.
It burns me because I love what the company is doing. But this mess is holding us back and the market agrees. What's taking them so long?
Absolutely. And it is 39 trades. The law has been broken. Value destroyed. He must go, with no options or salary pay off, and his replacement announced. No more flim flam and delay.
Dj ,
I was not suggesting that you were. I understand everyone's annoyance over what has happened.
If you feel that strongly about it then contact the company because the more debate that appears on these boards really points the company in bad light and we all know that there are more positive elements to this company that far outweigh the Boughtwood share selling which I also agree is wholely unacceptable.
That's all I will add on the matter, wait and see what response we get from the company.
The issue is was she told there was a placing coming so she started selling down to buy back in after the placing. Did her selling have an affect on the price the raise was at could it have been higher and less dilution. Who knowsbut, it pretty cut and dried and whether she is stupid like shes pretending or not they have to go or she buys them back at the same price she sold
Whilst I am totally pi**ed off like all others on here which is totally understandable, we must be mindful of what Mr Boughtwood has invented here, we don’t know if there’s still quite a bit of work /tweaking required to finish this world leading tech , if so, and I suggest there is/will be, are there others that are capable of doing so, again I suggest there isn’t but this is a potential dilemma for the bod to work out as diplomatically as possible without looking weak to investors.
I wouldn’t want to get rid of the only guy that can finish off the Pareta motor, that would be a very foolish decision imo.
Her broker stupid as well i think not
Imho she knew the placeing was coming and sold
TbH am having some doubts on the company short term anyway
I have contacted the company Warrie. I did it on day two of finding out.
I got the standard cut and paste response that everyone else got. It was polite and indicated it was looking into things, but time is going by and I don't think it takes nearly two weeks to come to some sort of resolution about what this woman was doing either alone or with someone else. And whilst I don't doubt for a moment the company's tech or intent to do good, I do think it's struggling with what to do about this serious matter. The silence looks like coddling to many of us, rather than just resolving this via a decisive yay or nay RNS and letting us all move on. Either someone was up to no good or they weren't. It's that simple.
They must do whatever they see fit...just so long as they don't throw the baby out with the bathwater.
No, they must do what is in accordance with the law. They have no arbitration here. Whether they knew about a placing only compounds the issue. The fact is they were selling without board approval and with MB certainly in possession of inside information regarding the company for some months.
But the broker wouldnt know she hadnt told anyone. Probably right he developed the technology but it is undoubtedly having impact on sentiment I would say
S-g maybe thats why they got the pierre guy in to tweek it even further ,so someone else is now not needed. or just a coincidence.. anyway large investers are being attracted to this company,looks like expansion plans well on the way for parenta drive full production,as i said earlier over 2 million bus/single decker coach,s just in india,and parenta being made in a indian factory,so not far to ship them out,by ev truck of course. ev marine/ships available shortly!