Member Info for BlairPeach

I wouldn't trust you to sort the post, based on your previous posts.

Get back, Michael J Fox.

Lottie123,

What? You mean to say that the Technical Analysis of this speculative AIM stock has gone awry? Well, howdy bee!

Nobby31,

I wouldn't give the man that much credit. Besides, who would buy all this junk, at any price? Arguably, Islandmagee has a value, Riverstone accepted it as collateral, after all, although the more time that passes, the riskier that "asset" becomes. Funny how they didn't take the yards in hock...I think it more the case that he saw an opportunity to leverage up the company, in order to overpay himself and chums, in the hope that public money would come in and keep the plates spinning long enough for him to make his fortune. Ironically, in over-stuffing himself at the trough, he cut off any potential for the granting of public funds.

Christrdg,

Fair enough. Interesting though that our erstwhile directors, who, given their egregious salaries, certainly do have spare cash, choose not to top up at any price...

Christrdg,

You are right, I should have written "sign off" - ie agree as presented. I raised the ongoing concern issue the day that the delay to the accounts was announced.

Christrdg,

More likely the auditors simply won't sign the accounts as presented by HARL. We have already had a 4 week delay from April, yesterday we had the release (after almost 4 weeks) of unaudited accounts, with the promise of the finished article in June. As a retired accountant, you will know that the audit for a company of this size does not incur delays extending into months; given the flak received by auditors in recent years, following the well-publicised failings of companies that had been given a clean bill of health following audit, it is no surprise that no-one wants to put their name to these sham numbers.

Finally the penny starts to drop with even the most deluded on here (bar one). I resolved to sell out today, at an 80% loss, having held in the (vain) hope that Islandmagee would come good and give the share price a bump. As of now, I still haven't pushed the "Sell" button.

Bubble2021,

I'm not putting any more money into this bloody company!

Still can't get the auditors' signature.

noncrypto,

In a word, no (and please check your grammar before posting).

dawski, Nobby,

I know that your financial futures are at stake here, but for goodness' sake...

Lottie123,

"As we all know, they (the delayed accounts) are history."

Didn't you use to work in The City?

Avyererdowt,

Indeed. I note that the CEO of Babtodger (let's see if that gets past the swear-filter) draws a basic salary of £800k (with genuine performance-based bonuses available). This to oversee a company with 30,000+ employees and revenue of several billion.

Oh look, more social media BS.

But wait! Scrolling down, I see we have built something!

Oh, it's only a kiddies' car; gotta take those crumbs...

Nobby31,

I am afraid the crap social media PR is all they have got.

Bubble2021,

Why unbelievable? The company can't even get the accounts out, so it is hardly a surprise that the share price continues to drift down. We all await news, but be careful what you wish for, it might well be terrible.

Bubble2021,

Can't have these boys starving...(IMHO, as you [were] wont to say...).

Civil servants will not award public monies to a company whose directors pay themselves egregious and unjustifiable salaries and bonuses.

Back to the odd oil-change on a ferry, or sewing the cushions on a cruise ship.

Someone's got wind of something (and it ain't pretty).

Since JW arrived, the sole purpose of the entire company has been to generate cash to enrich the directors, period.

Nobby31,
Careful, the last time we saw director buys, they trolled us with the quantities and the share price went down!