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Hi, does anyone have any idea what is going on with this share? Will shareholders ever receive any money back?
Thanks
They remembered they have a website and posted a delayed update on Phase 2 completion:
https://ramblermines.com/storage/press-releases/sisp---phase-2-completion-update-1688508112.pdf
No details on number of parties (which we know from RIG group), but note of 'significant interest'.
R2-D2, we really must all move on now. Take care.
Basically, Leah wanted the group to pursue her chosen path and did not like it when we refused and stayed on the path we had already chosen. The needs of the many outweigh the needs of the few Leah. At first, she was very greatful to be part of the group, and she was very welcomed, but did not like what we had planned, so as we did not agree with the way she wanted things done, she turned against us and now has nothing good to say about the group. Am I wrong Leah? If so, then I am sorry but I assure you, I am not the only 1 who believes this to be the case.
Time will tell who was honorable and who was offensive. Let's all move on now please.
The leader did not remove you originally, I did. This was because you wernt prepared to debate the issue initially but dictate how a grouo call should be made. Your tone of messages was offensive to some members and I wanted to maintain the unity of the group. I believe you could have contributed to the group but unfortunately it was not to be.
I wish you all the best.
And I just noticed another particularly intelligent contribution from R2-D2.
YugoBoss - thank you for your thoughtful input which was much appreciated. It gives me no pleasure to see how things will end in terms of the "bid / class action contributory scheme" which is totally unworkable with no chance of a lawful return. But people made their decision and time will tell how it ends up, as you say.
But the most frustrating thing is that, having spoken to the SISP Monitor (Grant Thornton), the options I hoped we would pursue to remove the disgraceful management of Rambler UK and try to have our say in the SISP in Canada using our stength as a unified investor group were not pursued. In fact I was removed from RIG by the "leader" when I asked to have a conference call to explain my thoughts on options. I believe our only chance was to act together as a group in the Rambler insolvency in UK and Canada.
Kind regards.
I can't disagree with any of that micru
My very first corporate job out of uni, reported into a person well above me at Director level.
He once said something that really stuck with me over these years. He said: "Don't just come to me telling me there's problem, tell me what YOU are doing to fix it". At first, I thought it was just some accountability-shifting BS, but reflecting on it over the years I've come to understand.
If you are just going around telling people everything's a problem, everything is bad and broken, at the same time contributing absolutely nothing towards a solution - guess what people's perception of you is going to be?
If, however, you highlight a problem and articulate this is what you've done so far and this is your plan to make it better - it's much easier for people at all levels to jump on-board, or even offer positive critique (that their unique experience allows them to do) and make it even better.
Seems to me the only thing that the organisers of the group are guilty of, is actually stepping into the ring and offering a chance for a path forward. Those critiquing offer no viable alternative.
While not being part of the group, I'm not sure I understand the negativity. The people in the group were fully transparent of what they're doing with the money. Nobody there promised golden hills or a guaranteed outcome. People knew exactly what they were putting money towards, and for those who had 10s of thousands invested, a couple of hundred is nothing. Nobody is taking that money for a pee up in Ibiza.
Litigation is a very complex and stressful process to the point where it's rare that you actually materially win something, everything else accounted for.
The group (and people organising it) deserve credit for a coordinated response on the recent vote, for disseminating information, and putting pressure on the BoD. Who knows how things would have played out if it was just a bunch of uncoordinated whiners posting resentful drivel on the Internet. BoD would have probably laughed at that while drinking some fine scotch and playing patty-cake with each others' asses on Brad Mills's yacht.
Now it seems like there is an increased probability of a reasonably positive outcome out of this, to the point of at least bringing most people to parity (or thereabouts) on their investment.
I think you will actually find that Leah has been right with what she has actually challenged.
In months to come she will have the pleasure in saying "I told you so" and she has only tried to help many with her vast knowledge.
70+ members have paid £250.00 into a total strangers bank account, who prior to joining RIG, never knew them from Adam, let's see if trust comes to light with that scenario.
Alot of people had alot invested here, you can not shoot someone down if they challenge others when now it is becoming apparent that they probably should of listened.
Only my opinion, view on the matter.
Thank you for your intelligent contribution R2-D2.
Personally, I don't trust Leah.
Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth.
Marcus Aurelius , Meditations
Santhi - you must stop spreading lies about money until you can substantiate them. I never asked anyone for money. Not once ever. I knew we could all act together to fight our case using my experience to help us all. Yes I am a lawyer by profession but I did not ever ask for money for my involvement so please stop spreading that myth until you can substantiate it. The RIG bid had no substance which is why it has to back out. Eventually you will see that the class action also cannot work in this way, and that money will be lost to everyone. The strong investor group that was created has been broken up by this double scheme and the only beneficiaries will be be receivers of the money paid for the mythical bid and class action. It's such a shame.
Well said Santi.
Well said Leah....the RIG group was never going to benefit shareholders..
Leah, I don’t think any of us will lose any sleep on the potential £250 loss, let’s be honest.
You said you work in legal so I’m surprised you don’t know it costs money when solicitors are involved.
Infact, I’m aware of you willing to help and get more involved if it was worth your time. Time being money of course……
I don’t have an issue with you but slating Martyn for what he has done is unnecessary and reminds of a child that hasn’t got their way.
You bought in at 5p after the car crash RNS. We have been here with Martyn for over 2 years. Takes times to build credibility and loyalty.
Sadly for you, you have neither.
All the best regardless.
The only "imaginary nonsense" was the RIG "bid" and linked class action peddled by some self-styled "RIG ringleader" who has collected money from RIG investors into his personal bank account as the price they paid to be part of his "bid" and unworkable class action while preventing other options for investors to fight as a strong, unified group and remove the directors of Rambler UK. In the fullness of time the RIG investors who paid money into his scheme will gradually realise that they won't see a penny in return (if they haven't already realised, given that the "bid" had no substance whatsover). It's a real shame, and for their sake I hope they dont transfer to him more good money after bad.
It’s nonsense
Does it matter? It's just an imaginary figure
And again - is that CAD, USD, or GBP?
What's the difficulty in naming your source?
From a bidder with deep pocket.over 100+ is a must when 8 bidders will be in auction in next stage .wish for 125+ while copper inventories is record low in the recent history.