I think BS could comfortably exercise force majore on that contract once they knew about the sizeable legal dispute. I wuld have said "soz about that" and they might have said "here is something that should work for both of us" and then i wouls have said "you're right"
Here is my reply again as that too got removed. I suggested your advice was uncalled for and pointless. Looking into the past won't help you with the future here.
Amazon has rarely, if ever, made a profit. Who's sueing them? You obviously don't understand how business works, probably why you're so interested in David Lenigas shares.
The way i see it, we have a great investment in Big Sofa that looks well on its way to listing. If that listing is well received andd i am very confident that it will, we could be looking at returns 3+ times our 600k. Add in our cash and BOD we could be on the road to recovery and decent returns. This isn't wishful thinking but positive thinking. Yes we have to settle this legal issue but the fat lady is asleep at the moment.
All goes well today - simpler strategy ahead. This board makes for dreary reading, lots of corporate interference. Wouldn't bother with it too much now. Email comms with Ben would be far more constructive than unverified bile on here.
What i would say is, be prepared to accept very little of your investment back. If i was AR - i'd be looking to wind this in and move on with a more receptive shareholder base. Talk about looking a gift horse in the mouth. This had multi bagger written all over it. It's a massive mess now. Return cash and move on.
Listen to Doc's podcast and lay over recent events. One indivudual has basically screwed over all shareholders with the horrible truth. Let sleeping dogs lie - i tried to highlight that this is AIM and the rules are different. Don't let the truth ruin a good story. Unfortunately, despite lots of terrible story telling taking all shareholders cash, the good one some idiot points out santa doesn't exist. Nice work.
All the wailing banshees out this morning. OK - deal is done for £1m and Adam brings in a nomad that is actually not incompetent. Still leaves a small amount of cash and a listing plus 600k invested in Big Sofa. It's not great but it's not hopeless. AIM obviously have to grant a stay of execution but it's likely due to the recent precedent and how much Adam has done for the cesspit.
It's not straight forward and it's not as bleak as you are making out. If the paid advisor has covered something up and there is evidence of such - who do you think has responsibility?
Some are intent on turning the screw here. I believe things are happening behind the scenes. Nothing wrong with bracing yourself but try and keep a level head.
Try not to panic, the Directors will do their level best, i'm sure. Nothing is certain yet. I would imagine, if nothing else can be done, I know a company looking for a listing...