RE: Those Charletons aty Perterhouse were pumping me7 May 2024 14:48
I would say that cash was running out, the sale of Petrel appeared very desperate. I expect they got the court summons for the winding up order, Hastily added FAB as a shareholder, then decided to rejig the executive positions, partly as they couldn't milk any more salary after May (prior year they took 396k between them). CFO resigned as he knew it would go bust, his notice finishes on 10th May. Now they can go bankrupt, but it wasn't on TB's watch as he is now only a NED. He is also not connected to FAB (See holding RNS) as far as companies house goes, so if FAB want to buy it out of admin they can. Whether that is a wise decision or not, well never know. The Chamberlin we knew was systematically drained of cash by the board, maybe it is profitable if run honestly? Game set and match Trevor Brown. I sold out remainder last week at a huge loss.