Brilliant business model. Invest in companies then pump them on your own website and in social media. Why didn't Tom Winifrith think of that? Wait a minute....
I was nonplussed to read that the two LGO directors are staying on if certain resolutions are not passed. They should have gone already but now that London Power Corporation has also gone into adminstration what possible excuse is their for them hanging on a day longer? As for FM thanking them for their efforts and their valuable contacts, with political skills like those no wonder Echo ditched her.
With 4 arrests and an insolvency going on around him wtf is Hendry doing still drawing a wage here?
Leaks are least of the problems. This project 's finances are under the microscope and you don't need one of those to see how flakey they are. Nigerian take off promises from Dubai shell offices were classic red flags. Now we have an unnamed institution with unidentified conditions and no government guarantees. Time to look again at those planning approvals to see if the balance has changed before more damage is done.
Oh dear, wonder if those conditions involve bending over and dropping pants?
Insiders and spivs only. Faith and greed or guilt and greed. You decide.
Wrong? Don't think so. Orrell is now on LGO's board and not on IOG's so the RNS is wrong not me.
So, it's an observer of the board not anyone on the board whose been substituted. So much confusion. Bet the first face to face board meeting's fun then, when the CFO and councel explain the contract is worth diddly squat if the loan turns out to be from the proceeds of crime in front of him/her. After due process of course.
Poor Charles, less funds available to settle the whisky bill. I'll stick with the OED for the time being if that's what reading modern ones does to your critical faculties.
None but I never suggested I had. Look up the meaning of the word if.
In the RNS "on the board" means Hendry has been replaced by Orrell. Not my fault Nomad is asleep and you can't interpret what's written.
None of which really matters when there's a regulatory let alone if there's a criminal investigation underway. DYOR indeed.
Fact 7. Nomad needs to get a grip.
Fact 4, IOG, LOG and LPCL share directors past and present. Fact 5, there's a regulatory investigation underway. Conclusion? Draw your own.
Sadly, it is. Although the administrators don't spell it out yet they clearly acknowledge that the borrowers were all parties related to LC&F. If LC&F was a ponzi scheme and the beneficiaries failed to do DD that's one thing, bad enough, but if they were best mates or the same people even.....
So, the sun finally sets on the Lenigas choir's control of this little musical number. With it will go the pumping crew and in will come the Russian money team. Hope so anyway. A very AIM coup.
Didn't they say that they were planning a 2 to 4m£ dilutive fund raise? Great news that it's only £1m or so.
This deal hasn't been approved by shareholders yet so what's holding up the General Meeting? Has Burton already handed over to Carter?
Worth nothing. Binned.