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Agreed there. The MM's are at play. Either way, an undervalued position at the moment IMHO.
A little burst of activity today, with what appears to be lots of little buys. Cant see the L2 activity mind.
He certainly knows a bit more than we do....constantly increasing his holding,and the M/M doing their bits to make it cheap enough for him...if its good for him,then its good for me.
And today I see an OTC trade of 2m shares appearing on the London stock exchange site. Something afoot?
Mr BBD. indeed a substantial increase and yet the price continues to trend down. Market pricing is clearly an alchemy that I do not yet comprehend.
malafuster - Mr Griffiths increased hsi stake again, or has placed an order that has taken a little while to fulfil.
Mr Griffiths is also a reasonable shareholder in another Tony Weasel company - CoreTX. CoreTX is listed on the LSE, and MXC own 22% of the current stock. Must be skilled at stalking MXC and making $$ on the back of their activities. http://coretx.com/about/investors/major-shareholders/
Dont worry - got it. (DYOR ;) ) Cheers
Aphrodiet - cheers - whereabouts on advfn?
There's further comment from Techmarket view ( subscriber only ) But it's on advfn if you're interested. Cheers.
Possibly, but most of the Non Exec board are new, with an increase from 2-3, to 4-5 now. New CFO as well. To be honest, he was the last one. After the AGM everything is behind this business and they move forward and upwards IMHO.
Yes,he had no choice really...since the investigation started the SP took a massive dive,I think there going to be further board changes while the company waiting for the FCA report...necessary as they trying to re build their credibility back .
What other news could come? The FRC and FCA (although described as chocolate teapots) need to do something next. Agree with H-HI - jumped before he is binned. Have a read of the link from Aphrodite. This gives the best analysis.
That's very interesting. Why is FF leaving now? Maybe more news coming before the AGM.
Was gonna get fired anyway so decided to jump!
Possibly something along the lines mentioned. https://www.*************.com/views/30146/exclusive-redcentric-and-the-payroll-fraud-it-learned-from-rob-terry-how-has-ceo-fraser-fisher-not-been-fired
AGM Date now set for 4th Sept in London. Anyone coming along to try to get a better insight?
The release is perhaps not clearly communicated/worded, so is open to intepretation. Regarding the FRC investigation and its extension, although PwC cannot prepare the financial information, I would expect this investigation to look purely at PwC and its members. Extract from another source: ""Now, the FRC has an individual in its crosshairs, though it did not name the person who will be in the spotlight during the investigation. In February 2017, the FRC announced it had commenced an investigation into the conduct of PwC and their audit of Redcentric for the preceding two years. Redcentric’s 2015 accounts were signed off by Jaskamal Sarai and in 2016 by former head of PwC’s Yorkshire office Arif Ahmad. "" Mess up the accounts one year, ok not great at all, 2 years in succession, oh dear. IMHO i would be surprised if PwC isnt sanctioned/disciplined/fined by the FRC for this. PwC's mistake as a big 4 auditor has cost this organisation, regardless of its internal conduct. Expecting the FCA will deal with the CFO and any/others from MXC regarding the rest. GLA.
YET, it's faster than I thought....
Quite a big punt by Mr G.
RG increasing his holding....now we know the reason for the latest drop...if it's good for him ,it's good for me. I think we are at the bottom now,or near enough,expecting slow rise to more "friendly" level of circa 100p in the near term...IMHO, GLA.
Today's FRC press release refers to the Member responsible for preparing the Redcentric financial info for the last couple of year ends. PwC as the auditor is not permitted to prepare the financial information. Consequently, the FRC will be referring to someone in the finance team - presumably the CFO - who is a member of one of the institutes, most likely ICAEW. The press release does remind us that a separate investigation had been opened into the conduct of PwC's audit back in February 2017, which is presumably still ongoing.
Member could refer to the firm or the individuals involved. I guess we'll find out in due course, but sooner would be preferable to later.
And as yet the company has not felt it necessary to add anything to previous releases.
I'm not invested here but like you see little change for investors. They use the terms member and member firm. Member in the last RNS. It may be their investigation has taken them to a point where an individual is now the specific subject, and that they are obliged to say so. In truth,mI don't know.