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Really can't believe how much front these guys have got, they don't give a toss about anyone apart from there selfs . They don't give a rats arse about the shareholders money they have just wasted, i seriously still can't believe how we have been treated its awful . We have to get rid of these scumbags. simple .
I'm with Leew on this one, this whole '£1m investment' is a nonsense intended to pull the wool over our eyes. Who on earth would trust the current BOD running a private company, whilst our shares in it are essentially untradeable. Just look at the evidence of how they've perfomed thus far. Does anyone really think that their progress and corporate governance thus far would translate to a relisting in the future? IT WON'T HAPPEN. Just look at how moribund the app has been during suspension (and prior to it, frankly) - it's failed as a business, at least under the current BOD. If this '£1m investor' is serious then let them buy the IP off the company, i.e. the shareholders. The only way to get anything back from this fiasco is to get the current board out. Anyone voting for some supposed investment from one of JD's cronies is a turkey voting for Xmas - your money would be lost, of that I am certain.
Are we supposed to be happy that the company is going to delist with all the investors money (including new investor) and then when practical it might look to relist in the future? Until then we just accept that when running a private company the bod will be able to successfully do anything because it's been a disaster as a listed company. I have no idea how we are supposed to trust them to do better in a world with even less regulation!!!! I am still waiting to be advised how they have not even managed to implement an investment strategy business plan. Following a business plan is not that tricky?
Apologies it does say ... further information regarding the Proposed Investment and the Heads of Terms will be provided as part of the notice which will be sent to shareholders in respect of the General Meeting. Just being balanced but its amazing what you can pull out of a hat when put under pressure.
Well by definition Heads of terms are a set of agreed principles which precede the signing of a negotiated contract and as such are often non-binding. However, by calling it out as non-binding makes you wonder. If there is a plan to sign a binding agreement that would be different but the rns doesn't spell out next steps.
I hope everyone can see this for the nonsense it is. How can you sign a definitive agreement and then say it is non binding...... Thus you will be put under pressure at the EGM to drop plans to oust the board with the carrot of a non binding agreement in place. Non binding heads of terms are just that. Non Binding and the phantom investor can f*ck off any time he chooses. No news here, press onand get rid of the Dirty B*stards
03 Jun 2016Teathers (TEA) Dear Mr XXXX Thank you for your message. In order to place a vote in the Teathers EGM, you will need to contact us with your resolution, which we will then put forward on your behalf. This can be done either by sending in a secure message, or by calling our helpdesk between the hours of 8am and 7pm, Monday to Friday (6pm Friday), or between 9.30am and 12.30pm Saturday. Please note, that details of the EGM have not yet been confirmed, however we are able to accept your voting instruction if you have already made a decision. I hope this has been of assistance to you. If you have any further queries, please view our Help and Support centre or contact us on 0117 900 9000. Kind regards Rebecca Burchell Investment Helpdesk Consultant Hargreaves Lansdown | One College Square South | Anchor Road | Bristol | BS1 5HL | 0117 900 9000 |
Say,bye I meant
Guys,shall we bye forever, to our money invested here.....
Think the board will remain even when TEA delisted In another share that is delisted and can still post to the BB I bet Scummond and co would love it to go away
Will it disappear when TEA is delisted? Important things have been said here, besides the opportunity it provides for discussion/contact. Would be a shame to lose it.
id of thought he would of been using Twitter for years, There are 700 million Twitter accounts registered and tech savvy Drummond only discovers it in Dec 2014. Just in time for the 10 bags etc all part of the plan. Funny how he hasn't used his account for 6 months
As per one of my previous posts I do hope that is what happens! They need to be put in their place and held to account. I think if it's possible to get them for anything, that will be it, ramping the shares up while selling days prior to suspension! Insider trading is our best chance of getting them I would honk, but I doubt the accounts will show any evidence of fraudulent behaviour. Unfortunately!
Nevertheless, ramping the shares a few days before they were "unexpectedly" suspended can't really be put down to negligence. I'd be surprised if everything turned out to be "perfectly legitimate"; but the priority of the new board must be to have the previous directors thoroughly investigated, including by the police. If their behaviour is, as you suggest, "fraudulent" then police investigation will reveal it. Fraud is not legal in this country, and even if chancers like JD often do get away with it, that doesn't mean he will get away with it this time. He didn't reckon on a shareholder revolt!
Putting in money to cover some of our losses will not happen, fact. That will simply admit guilt. I'm sure the accounts are full of consultancy expenses, directors wages etc. which on the face of it look excessive to us for the very little work they've clearly been putting in, but perfectly legitimate. They will be awaiting the delisting with baited breath, and with that lack of even AIM regulation to abide to, they'll probably have a party! Turnover, staff and probably gross assets under audit thresholds, no need for an audit, submit abbreviated accounts showing extremely little on Companies House. At the EGM we may hopefully get full accounts but like I say, their fraudulent behaviour they will probably get away with and unfortunately my hard earned as just paid for a p*** up for JD and co!!
They are all as bad as one another. just google Jon Rowland, Jason Drummond,Nilesh Jagatia and look through some of there past dealings you might aswell include Baron Bloom in there lol They will prob get away with it again here no doubt
Drummond hasn't got a pot to p*ss in these days. He has a taste for the high life and his previous so called wealth was only on paper and has disappeared a long time ago. This is what motivates him. He needs cash badly. Ask yourself, if the app was such a wonderful idea why did he not develop it himself if he had the cash?
Do we know yet, if we have enough likeminded shareholders to displace these people? Or would disclosing that info on here be tipping our hand to them?
The reputational damage to him of being associated with a misadventure that bears all the hallmarks of a fraud must be immense, not to mention the ignominy of perhaps being banned as a company director. Being seen to do the right thing by his shareholders would go a long way to minimising that damage. The key thing now is to ensure that all shareholders vote to replace the BOD so that they cannot pull the wool over our eyes any longer. Transparency is key now. The BOD have proved that they cannot provide this, thus they must be replaced, and any empty promises that they make disregarded. We need a light shone into the murkiness.
Unbelievable how greedy people with that sort of money are. A Multimillionaire/Billionaire going to all this trouble to screw a few hundred people living on the bones of their arse out of a couple of hundred grand. The man's a total dikk splash.
In 2000, the Guardian described Drummond as "richer than all of the Spice Girls put together and virtually unknown" Maybe he can stick a million in the kitty out of his fortune to reimburse us poor shareholders who he's ripped off Come on Jas you know it makes sense, could smooth the passage for any future business ventures you are involved in
TEATHERS FINANCIAL PLC - Important Information Proposed Cancellation of Listing on the Alternative Investment Market (AIM). Important Information & Other Key Dates: Teathers Financial PLC is proposing to cancel the admission to trading of its Ordinary shares on AIM . Following the suspension of the Teathers shares from trading on AIM on 4th December 2015 and the recent resignation of the company's Nominated Advisor, it has been announced that the Company anticipates its shares will be cancelled from trading on AIM with effect from Monday 6th June 2016. Please be aware that you are not able to trade in your Teathers shares whilst they are suspended. Should you retain your holding of Teathers, we will notify you on receipt of any further information from the Company. Should you wish to find more information about the Cancellation, please visit the Teathers website, http://www.teathers.com/investors.
You will find a goodly amount has gone in fees etc Olly learnt well from his mate Baron
Last post was supposed to say: Dont tell me AIM is the risk we take