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Liars
What else can we say?
Friend its all speculation.......but I do believe the product with its patents are highly desirable and who ever buys has been monitoring the situation for a while with their claws out x
Karlon, yeah apparently bids are in for Stevenage. What they are who knows and if accepted then due diligence will follow. Will take weeks / months.
Is there enough time before administrator comes in and closes the lot down.
Stevenage are part of the group it's on companies house so it could all go any day.
That's down to the administrators and buyers....
Allegedly there are buyers that have put their bids in
Where will the value come from?
I heard Stevie Wonder had looked at the books and even he said no.
The shares are not worthless until the administrator deems that's the case.
Remember there is still the breach of contract that's worth money.
I’m in the same situation. The answer is yes these are now worthless. If they manage to break even selling Stevenage I will be surprised. As for selling of assets it would appear they don’t own a great deal and with the exception of one or two production machines the second hand market really isn’t that lucrative. No point crying over this milk that’s how the game works, what looked like a promising buy and a promising company has been derailed by the amateur way it was run.
I've got my eye on the reel to reel press for my tagliatelle.
Due to assets, I would keep an eye open ......although it will be a fire sell
Holding 300k of these. Are they worthless now or is any hope left?
Good post Karlon.
At the beginning I would say farce. These guys are shockingly incompetent on basic things. Simply not ready and not the right tools to play with the big boys. Buying a bigger company in Stevenage proved this.
Scam is a big word. I don't think there was this intention. Decisions further along the long are highly questionable at the very least. They were in trouble and didn't have the tools or staff to cope. The hole just got deeper and deeper.
Their final nail was the MD at Stevenage. This guy is something else. He sweeps good staff out the door faster that Usain Bolt.
Anyway last day of the cricket so triggers broom is ready.
TWD may not have been a scam or farce, but it certainly had its fair share of issues. While the company's Improve harness technology and patents were highly desirable,. The Board of Directors' lack of engagement with shareholders was a major flaw in their operations. The release of negative news alongside positive news only served to muddy the waters and create confusion. This approach, combined with a constant need to jump from one contract to another, was not a prudent move for the company. Perhaps if they had implemented a strategy that involved regular social media releases and timely broadcast announcements for good news, they may have avoided some of the challenges they faced. However, hindsight is always 20/20, and it's hard to say for certain what could have been.
Management will have packed up and landed now. Probably have some champagne and then quick shower before a lovely dinner with Richard Branson.
I long ago wrote off my modest holding in TWD and it sits on its own in the “poorly corner” of my portfolio. What surprised me was that people continued to pile in even after it was reduced to the status of a “penny share” which is ironic given its value when trading was suspended. TWD is an object lesson in doing proper research although without inside knowledge of the management even this was no protection against a level of rank incompetence seldom seen unless of course the enterprise was fraudulent from the start.
Come on. Let's be positive here.
There's a £billion pipeline.
I can smell something you're right. Horsesh#t.
Everything about this share stinks
My pants smell better
Karl.
Maybe in Germany they had long sausage.
I think they will say positive things to everyone or the share price would of gone down. This is the pattern.
Hi friend then read the email they said i't was a highly successful visit '
I'm off for my operation now, take care guys
Karl x
It cannot be said that the BoD are'nt aware of the impact they were having , a email I wrote :
Dear Philip Johnston,
I hope this email finds you well. I wanted to discuss a matter that has come to my attention regarding the recent communications regarding your company's funding strategy.
Firstly, I would like to acknowledge the positive news that has been shared with stakeholders. It is encouraging to see the progress your company has made in seeking funding opportunities. However, it has also been observed that these positive updates have been accompanied by the release of less favourable information, often within the same announcement.
I understand that as a CEO, it is your responsibility to keep shareholders and stakeholders informed about the company's progress and challenges. However, it is generally advised to release good news separately from bad news, as it allows for more transparency and clarity in your communications.
Compensating bad news with good news can inadvertently diminish the impact of the positive developments and undermine the confidence of investors and other stakeholders. By offering a clear and separate communication about the not-so-favourable aspects, you demonstrate transparency and integrity, which are crucial in maintaining trust.
I would like to suggest that, going forward, you consider adopting a more individualized approach to your communications strategy, ensuring that positive updates are communicated in a timely manner and independent of any less favourable information. This will enable stakeholders to better understand and evaluate the individual developments, leading to more informed decision-making.
I appreciate your attention to this matter and the opportunity to provide this feedback. I understand the challenges involved in managing such communications and I am confident that you will find a suitable approach that aligns with the best practices in corporate communication.
If you would like to discuss this matter further or require any assistance in refining your communication strategy, please do not hesitate to reach out. I am here to support you in any way I can.
Thank you for your time and consideration.
Kindest Regards
Karlon I'm not sure they are hiding good news. I don't think they have any.
Your email does state very positive agreed but this is typical of the news / town hall meetings staff have. Everything is positive, pipeline pipeline pipeline. From colleagues at Stevenage its similar apart from cut scrap and you're not meeting targets.
It is concerning to observe the perceived discrepancy in the communication approach of Trackwise Designs Plc Board. While the release of positive news appears to be infrequent, there seems to be a higher emphasis on promoting negative news. This raises questions about the company's overall communication strategy and its potential impact on stakeholder perception.
It is worth noting that an offer of assistance was extended by a concerned individual to aid Trackwise Designs Plc with their social media presence, particularly in terms of fostering a more positive, dynamic, and consistent image. Regrettably, it appears that this offer has not been taken up by the company.
One cannot help but wonder if the current situation is deliberately orchestrated for a specific purpose. Had the offer been accepted and accompanied by previous positive communication releases, one may speculate that the need for administrators would be less pronounced. These observations prompt further inquiry into the motivations and intentions behind this narrative.
Which draws back to the previous email, if the Trade fair in Stuttgart was in their own words 'This was a highly successful visit for us' why are we here ?
When strategic partnerships, further financing operations and professional loans for arbitration are apart of a vast range of tools in the tool box.
But yet curious as it is, my friend gets an email stating the following :
Dear ++++++++++ +++++++
Thank you for your mail – and thank you for your belief in and support to the Company.
I am well, thank you. Busy .. but well. I hope you also.
I appreciate your suggestion of a roadshow; the balance to be struck is obviously outcome vs activity – particularly when we are a small team, targeting – and selling to – a geographically and sectorally diverse markets. Our current approach is to take targeted action at key events in the particular sector of interest. For example, we recently took a small stand in the UK pavilion at the Battery Show in Stuttgart. This was a highly successful visit for us.
If you have specific suggestions about location(s) and expected audience(s) I would be pleased to hear them.
Thank you again
It is important to note that companies are required by law to have audited accounts ready on time, as this ensures transparency and accountability in their financial reporting. However, in the hypothetical scenario described, where a company deliberately delays the release of audited accounts and simultaneously releases negative news to cause a drastic fall in share price, it is difficult to identify any tangible gains for the company. Such actions would not only erode investor confidence but also damage the company's reputation and credibility. Additionally, disregarding any positive moves to strengthen their position demonstrates a lack of foresight and strategic thinking on the part of the company