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The point is tina:
The directors are telling us the MW report is misleading and false.
A few weeks later they sell £375m shares at a huge discount to the share price.
A few weeks later they tell us they know of no reason for the share price drop (whilst more of their shares are being sold before and after this announcement)
They did not inform the markets sufficiently that they had loans out against significant quantities of their shares.
They are not exactly forthcoming about any of this and have now sold over £500m worth of shares since the MW report.
The 3 main shareholders in the company have resigned.
These are extreme red flags and are likely preceeding some incredibly bad news to come in the coming weeks.
I would proceed with extreme caution, especially people putting significant amounts into this thinking that it's an easy bounce to £12.
Of course they did Kabaa - what is your point?
Not sure why you think people are gullible about buying a shar that has dropped 75% in 2 months because of a short attack and a naive CEO - the business is apparently good - whose gullible? - we will find out tomorrow!
Do people honestly believe the directors did not know their shareholdings were being sold in recent weeks?
Do people think everything is rosy with the accounts after what has happened?
Especially after selling £375m shares last month.
So many gullible people here...
The bassadique ( prob spelt wrong ) EY connection is troubling in my opinion effectively auditing themselves .... nothing to see move along!!!
Kabaa, do me a favour and rather repeating the 2 month old news from MW, could you highlight how the fundamentals don't stack up - please back up with facts and evidence.
If you don't/can't, then wait two weeks for the results like the rest of us :-)
And kabaaa you seem to like ‘ifs and buts’ . So what happens, and it is sounding like bur will be successful in getting the share dealing information out of lse so they can see who did what.. so what if mw are guilty of layering as they are asserting.. that would probably make mw insolvent on the back of the legal backlash that would follow... so should we really take this guy very seriously. Potentially he is guilty of criminal behaviour.
As you say ‘if muddy waters assertions are true’
He made similar in other cases and I’m not sure he has ever been right. How’s his Tesla position looking? He said they were ‘insolvent’ and that was his exact word... rumour is he lost 60 million there...
1. They have been accused by a respected researcher of suspected significant fraud, overstating profits, understating debt and dodgy transactions between common parties.
2. The company says the MW report is false and misleading, soon thereafter selling £500m worth of shares into the market at hugely discounted prices.
3. They were not even disclosing this on time but telling 1. Results will be in line with expectations 2. They know of no reason for the share price drop 3. ‘Highly preliminary takeover talks underway (whilst their shares are being aggressively sold into the market
4. 4 Directors resign. (who used to own in excess of 50% of the shares combined)
My guess is the company is in huge trouble and is about to go under. The directors are selling what they can as quickly as they can whilst the regulators investigate it for alleged significant fraud.
Be incredibly careful putting too much money into this guys and do not believe what the rampers are saying on here. They are talking utter nonsense. If MW’s allegations are true, a company this indebted can go under very quickly.