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FYI. Blueshare is back online again
******/wtgpl1**
****/wtgpl1
Total presumption on my part: the traffic there is so low that perhaps it wasn't worth their while paying hosting fees.
Shame.
Total presumption on my part: the traffic there is so low that perhaps it wasn't worth their while paying hosting fees.
Shame.
maybe its time to move to telegram
Me too! Tried few times via emails admin (no avail). I will try find different way.
It seems the admin team here are still having a very merry xmas since the site has been down for a few weeks now. Anybody know how to contact?
Thank you for your kind words.
A very happy xmas to all invested here and may the new year bring you all that you wish for in a good way.
Atb, Ktc.
Yes i think he meant pwc , got all excited with the kpmg settlement.
Atb , Ktc
grumpy dont you mean pwc?
Hello scouser , good to hear from you too and trust you are well.
Yes , i'm looking forward to the KPMG hearing in early 2023 and hopefully all goes well for WTG and all shareholders.
Wishing you all the best my friend and to all shareholders.
Back to the fig tree now at the oasis.
Atb , Ktc.
Evening Kev'! Long time no see.
FYI: end of Jan 2023 Court date for KPMG.
Still holding 100K+ so looking forward to a drink from the oasis.
ATB.
GS
That’s about 8p a share if it all gets handed to shareholders.
That's a start.
Hopefully many more to come.
https://www.aquis.eu/aquis-stock-exchange/for-investors/announcements?view_news_id=3822287
Atb. to all invested here. Ktc.
Me.
You're not alone on this boat.
Not holding as many as those days as can't afford to so released lots at big loss.
Not posting and following close now as I can't spend my precious lifetime on this.
Think I recognise Graham in here - if GrahamBarnes is the good gentleman I met when we went to a Quidell meeting held in a hotel down in South of England near Portsmouth.
I would speculate that it appears to be some random method of dipping your hands into the till and take until you are satisfied.
Anyone know how the bonus payments are formulated ???
I kinda wondered how the litigation is proceeding - attached link may be useful - For the record I've copied and pasted what seem to be the main key dates. I sorta get the feeling that it wont be resolved in my lifetime :P
"It expects its trial regarding its claim against professional services firm PricewaterhouseCoopers LLP to begin in January 2023. Watchstone is asking for GBP63.0 million in damage compensation plus interests and costs.
Meanwhile, the trial regarding its claim against its former auditor KPMG International Ltd is not expected to begin before 2024. Its Canadian subsidiary's claim against Aviva Canada is expected to go on trial in January 2024."
https://shareprices.com/news/watchstone-widens-half-year-loss-as-administrative-expenses-grow-0kd71ubv6tdwlju/
It is hard to imagine as a normal person, that taking that kind of wage from a company that he is running into the ground would sit well with most people.
I may be proved wrong, but I have seen to many businesses strung along just to pay the wages of the directors to feel that confident about human nature. I hope to be pleasantly surprised.
"£1.164m was paid to the CEO. £489k was salary and £675k was bonus."
Thank God. I was really worried about how he would afford his electric and gas bill this Winter. Let's face it, he's earned that bonus.
Just received the annual report. A loss of £3.7m made up pretty much by legal costs (£1.1m) and wages & pensions (£1.9m) of which £1.164m was paid to the CEO. £489k was salary and £675k was bonus. So he got paid more than the lawyers.
The claims are going to run on into 2023 and 2024 so he’s not going to do too badly. Mind you he does have to deliver some value back to shareholders.
There must be some well paid jobs at WTG, for a company doing flip all.
That might explain the lack of activity over such a long period. Still, I understand the problem....
Would I want to end my gravy train?
Watchstone Group plc
Preliminary results for the year ended 31 December 2021
· Group cash at 31 December 2021 of £13.0m (31 December 2020: £16.7m)
So with a cash burn of over £3m a year lets hope the board can get things sorted out,
with regards litigation, before the end of 2025 !!!!
Otherwise the sp will continue to slide......
;-)
GLA