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Still no TR1
Strongly suggests this was all forward sold and it’s us existing pis who have been shafted by our own BODs in order to allow a ‘strategic investor’ to make an easy profit and secure their salaries for another 6 months
Trust now gone with this company. Always jam tomorrow. In fact they don’t even offer much in the way of jam. Bust by spring 2024 as they won’t get away with that again.
If you have shares then I recommend booting against Rob Richards being reappointed as CEO. He’s a disaster and does way too little work to deserve his salary
I notice the directors remuneration rose two and a half times. Last year the annual report highlights the four directors earned more than £500,000 (excluding lunch and claret). Good to see some people are making money out of this monstrosity.
Can we get rid of all the directors not just the CEO.
It's an extremely worrying sign that the Directors appear to be doing less and less work but taking ever bigger salaries. I"m afraid, and I fully admit my confidence in this company is at rock bottom, I suspect they know survival is looking bleak and so have upped their salaries to make up for what they will lose in the value of their share holdings. Being even more cynical I'd say they will run this for as long as they can get away with it, possibly do exactly the same kind of raise again - if they can find anyone willing to put any money into this stock - and once they've made up some decent money for themselves they'll jusy wind it up or sell it off. The one Director who bought in not so long ago, Gavin Mayhew, put in a lot of money and he's the guy I imagine is wanting to get his money back more than the others who have all put less actual cash in.
I think we are now in the death throes of this company. This recent raise was the last straw for me and has shown the BODs to be totally without conscience or care for any ordinary share holders. They are in this for themselves and no one else matters. I bet the boss of the possible jv partner is a mate of one of the Directors and it's him who put the £500k in to make an easy profit and screw the existing share holders so his buddy and co can continue to draw salaries for another few months. Can anyone tell what I really think of this company and the people who 'run' it?!
Oh and still no Tr1 even though supposedly someone new now owns 20% of the company. One rule for them and another for us humble pis. How is that allowed?
And just one more thing...the recent raise was on the 1st September so if there was no forward selling a TR! would have to be issued by mid October at the latest. If this 'strategic investor' wants to remain anonymous then they must shed 97% of their shares - unless of course they live in Cyprus or somewhere like that where they know the UK authorities won't even bother to chase them up - by that time. I don't want to even think about it but I can see a major dump of the remaining shares this investor has on its books. Peel could be about to tank the share price again. Is this going to go down to .1 of a penny? I honestly wouldn't put it past this lot.