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Dear JB, you do realise that you can threaten to buy up stock as well as continually threaten to sell stock? Just a suggestion but it really might help your cause. I am of course aware that you would potentially be required to make an offer at the highest price you have paid in the last 12 months but we as the other shareholders are not aware that you have acquired any. I am sure you have also considered teaming up with other potentially interested parties willing to pursue your route and potentially offer an all share or split - share and cash deal - If they have you inside then it must be worth a go for someone - here is the HO telephone number of PFG - give them a call your current strategy is playing into the hands of the BoD and killing the rest of us.

Yuri - yes someone else will own it and your shares will be have been brought out at 20.9p leaving that someone else to achieve fair value - I am sticking with JB (warts and all) as this is the only way to remain in the game. 1 year ago next week the shares were trading at £2.97.

This whole thing has been a lesson in what can happen when the BoD and the major shareholder fall out. JB did not take advantage of the opportunities that his shareholding should have given him and seems to have willingly tied himself into an open ended agreement that restricts his normal rights and now he regrets it leaving him only with the threat to sell at 1% a day if the vote goes against him and we as the other shareholders vote in favour of the board. Taking to twitter has helped to decimate the SP costing himself around £1 billion, someone has already stated that you could not make this up. The Board seem to be totally out for themselves and have no regard for the shareholders as they lump us all in with JB. High salaries, large expense accounts, vast allowances and potentially dodgy share dealing are all bad enough but to me their greatest sin is to return after many months with an offer of 20.9p per share, equivalent to our cash balance and giving no value for a loan book, brand, market position, future prospects or experienced Established workforce. JB has proved he can build the business and if his ego is finally going to be of use to us then he has a lot to prove here - I think he could have handled things much better and I really hope he is now getting professional advice but I have voted in his favour online. HH has nailed it again, if you accept the 20.9p sell now and save yourself a lot of pain if you want/hope for more then vote for JB and hope that he is as honourable as he is stubborn and give him the chance to prove he has been right all along.

RNS advises RS reduced his holding last week - lets hope that is now over and the SP can move forward.

I very much doubt it B, I promise you jobs like that are few and far between.

Fraud aside - I wonder if the BoD have considered what this ill judged battle will do to their credibility and indeed employability in the future - not everyone is in as strong a financial position as JB.

Very pleased that you have managed to play this one so well HH - I must stop going in with Big feet and regretting it later - small gains make a lot more sense to me now. As far as acting improperly, I do not believe this will have been at the corporate level but with payment of expenses and allowances etc - how can you justify spending £325k to move from London to Bournemouth? Who knows what arrangements have been made with regard to allowances, consultants, family connections let alone the very suspicious share trading that has gone on throughout. I was taken aback by JB’s original action but have always wanted to give him the benefit of the doubt but he has consistently contributed to the unfortunate turn of events - he could have handled many things much better, not least if he had made a bid himself for the £1 he values the company at months ago rather than gripeing from the sidelines whilst always having enough control to bring the matter to a close - I note that he has lost a lot more than me or the rest of us but that only makes it worse - but I do want to believe that even now he can make things right.

All I can add is that I am massively disappointed with both sides. In my view JB was very badly advised to go on the attack the way he did and to make comments In such a public and damaging way - actually I do t believe he took any advice just acted as his own ego dictated. As things have developed especially sense the pathetic offer that the board have managed to conjure at the last minute to further muddy the waters my views on the board could not be worse - I now do believe that they are trying to cover up some potentially damaging or possibly fraudulent actions as suggested by JB. I am massively down the board are useless and the major shareholder is a jerk. What next?

I have made a number of purchases today that appear as sells - tricky.

If the price does not move on that news we must surely assume that the SP is still being held back so that the our new investor can take their holding up to 29% before making a bid.

Well we can agree that it is certainly a positive move and makes this a buy - adding.

Steal at 15p?

That’s a massive position - from zero - takeover?

I don’t speculate as to what it means but it took me over 20 attempts at NT to add 10000. Doing very nicely in ODX and TILS and they both suffered days/weeks of the doldrums and gently falling SP before they lept forward - hope the same happens here. ATB

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B - have a look at TILS.

Well, I have read through the details contained within the Notice of AGM. This all just seems a totally pointless procedure to me - JB has the shares the outcome is a foregone conclusion. The board make reference to the FCA guidelines - I am willing to accept that the proposed board members will be found to be fit and proper people and JB could have proposed a room full of NED’s to make up unnecessary committees if he had wanted to so I feel that that this is just scaremongering. The board also remind us of the provisions that are within the change of control trigger for the loan note holders (I think that JB himself owns the loan notes but I have not looked back to check) but if the board really had the interests of the company at heart then they would have taken the new board members on then quietly resigned which would not have triggered a change of control event. Looking at the SP now and where it has been over the last 12/24 months how the board can say that they are worried about the effect on the SP is pretty rich. JB has the shares, his vision of what the company should be doing and the value that this will deliver is fundamentally opposed to that of the current board - he still has more to lose than any of us and even if this action does create a short term suspension then I think we should all support him - he does not need our votes but he will have mine. ATB

I agree Yuri but regardless of the shareholding concentration have you ever actually attended a GM where you felt your contribution - if you managed to make one - made the slightest difference whatsoever, I know that I have not.

Actually I think it may be a simpler route than I had first imagined. I would anticipate that the new guys have now been proposed to the FCA so the clock is ticking and acceptance is pretty much a formality for the calibration of person he has suggested. JB can appoint them immediately to the board he already has the authority to do this. He will then call EGM with the required notice period the result is a foregone conclusion as JB has the shares. Following the EGM the old guard depart stage left leaving the new guys with full control. I would suggest JB himself takes up a position (again) and they clearly explain their plan to the market. Pretty sure I have seen a board takeover done this way before.