PTD.L Share Price (PTD)

Just reading your post Wurzel..sums it up really. The Chairman and ceo are both incompetent liars. The more money they have personally lost the better IMO. Clownish decisions which have brought the company to collapse. Anyone with the stupidity of these two should never be near a plc.

Blimey - someone has actually bought some today, presumably in the full knowledge that the share is going to be suspended on Monday!

Share price is now 6.5p and mkt cap under £1m it seems. So what happens next? Annual results should be on 21st June? Just a few days away.

So, finally, they have succumbed to what only can be described as a non-existent strategy, poor leadership at the highest level in the company and mounting debts that are simply eye-watering. It's not a big surprise really, and it appears it comes down to the incompetence of the board. It's comical that this company is much like the Black Knight of Monty Python, but really the only sympathy should be shown to the poor shop floor workers and us poor shareholders. The Chairman always said he would only 'look forward', when in fact he should have taken heed of the past. The CEO has steered the ship to oblivion it would seem and so the fault must lie at the top - at least he also loses a significant amount of cash. The Ethiopian project has been a complete failure from the very start it would seem, yet why did they persist with it??? Ultimately it must have cost them and presumably have lost historical sales accounts in recent times. The two latest large shareholders should have completed better due diligence, so no sympathy should be shown to them - frankly I cannot understand how they were enticed into acquiring such large stakes in a failing business. I cannot see how any bank of any worth will re-finance the company. The pitiful injection of interest-free loans from the directors shows they are not serious about the future either, and the £50K from Yapp reveals that he must be extremely embarrassed that the ship has sank under his watch, which doesn't say much for his business acumen. Watch the suppliers now go scrambling after monies owed to them.........

You are probably right that they lack clear ambition.

But that is small-fry compared to the disaster this hedge loss has inflicted. I can only conclude the person who signed it did not understand what they were signing.

The entire company brought down by unnecessary speculation.