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3CB...…...that alleged "accountants brain" got us into this mess and you have to be the worlds greatest optimist to believe that Borelli is smart enough to even keep BMR solvent.... let alone make us a profit! He has clearly demonstrated by his actions to date that he does not have the ability or will to save or resurrect BMR....and even if he did Jubilee will still take him (and us) to the cleaners. He has bypassed shareholders by withholding and delaying information to orchestrate our demise and I very much doubt any of us will ever see a penny of our savings returned...while AB lives in a million £ plus house and won't answer our questions! I have nothing but contempt for the little weasel!
Erik...…… If the trend is our friend it's not looking good!
Erik …… where there's a will there's a way…..and Borelli is the Wolf of Wall Street when it comes to destroying asset value! I doubt LSE took down the accusatory posts down without some prompting from Borellis legal reps. so he must have found them threatening in some way or another…..no smoke without fire etc!
Being an atheist, not playing the lottery and now being mugged by Borelli and his accomplices I find myself in the position of feeling my luck has run out. I suppose I could pray for a plague of frogs on his house…..but AB would probably just sell them off cheap to the French!
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Silence here is deafening! Nice to know the directors are working quietly and "tirelessly" behind the scenes' very reassuring. Just wish I could believe their grand plan isn't going to empty our pockets and fill theirs!
"......working together".....that is a leap of faith!
It is clear to every man and his dog that there is a coverup going on here. No documents made public, for example the circular, the Blue Square contract, settlement monies, share sales, accounts delayed etc. This Weasel surely cannot do as he pleases without some kind of control? How in todays Britain can a bunch of crooks just hijack a company and rob the shareholders? Can the NCA do anything? Would the FSA do anything? would HMIR do anything? Can we compel one of these agencies to investigate? Is there a possibility of a private Cour action to reveal documents and actions talen by the board of what was at the time a public company? How much would it cost? Borrelli must have assets of at least £4m if we could get compensation…..or even some answers!
Is Blue Square a creditor?
A leopard doesn't change its spots! Borrelli doesn't care about shareholders and has no history of rewarding them, He is a financial parasite and if he is making token gestures about new ventures it is only to quiet the wolves at the door of his £3m house! If he couldn't make a go of a very straightforward Kabwe what makes anyone think he could find a valuable new project and make a success of it? He will use the sale of OUR jubilee shares etc to start it up and then dilute the hell out of it until we are all in our graves or he conveniently also gets Alzheimers.How will he finance it? Who in their right minds would provide finance to Borelli after the Kabwe debacle. Do you think Jubilee are singing his praises after losing the licence? Why were we so dependant on ACI? Borellis name must be mud in financial circles. Any talk of another project is just smoke and mirrors to keep us off his back and let the dust settle…..and recent actions and statements show he is worried about the fallout from the BMR fiasco. I hope one day to see legal action taken against him and compensation paid to us shareholders. Any of you who believe he can make this good are living in cloud cuckoo land.....he doesn't have the ability or the will to pull it off and it will just result in more lost savings, pensions, relationships. houses, dreams and anything else that man can suck out of you! He isn't even man enough to stand up and apologise or even admit fault…...it was all just terrible circumstances and poor little Alex was just caught out!
I very much doubt we will ever see a circular and all this hype is just to keep us hoping whilst he dismantles BMR into thin air so he can hide all his cockups!
I think he was joking Eric.....unfortunately!
Why should anyone trust Borelli to find and run a successful new venture? He has a history of failure on many fronts over the years and now he has screwed BMR, cocked up the deal with Jubilee, failed in the ACI funding and is using OUR cash to pay off Blue Square to get back the licence he lost! And you still trust this man?
No-one at the Company has any connection with Blue Square or participates in any payments contractually made to Blue Square." Sounds like they are trying to put a lid on a can of worms! How can no BMR employees "participate" in the payment process? Someone has to have negotiated and authorised payment….. or does the money just fly out of the bank every month? This deal might have saved the licence but it didn't do us any good and it is solely for the benefit of JLP and Alex trying to save face after losing the licence in the first place. I hope it does end up in court because I'd love to hear how they justify $800,000 in brown envelopes to Zambias elite and in the process almost bankrupting us!
I await with baited breath to hear how this mysterious relisting and new project will financially benefit us? I think the purpose of this proposal is to delay actions on our part while the rest of the family silver is sold off!
Wibbly….that was posted about a week ago and it seems the leopard, or sloth in our case, hasn't changed his spots! I am sure after Borrelli blindsided Jubilee by losing the licence he is just being kept around to endorse their total absorption of BMR for next to nothing…. the price we pay again for AB incompetence. He isn't man enough to stand up and admit all this happened on his watch and only he can be responsible…….now he's laying down while Bird and Jubilee walk all over us! One thing you can bet your life on is that he is not....and probably never was, working in OUR Interests.
At the end of the day there has to be verifiable accounts which should track all the financial transactions. These need to be crystal clear and there MUST be documentation to prove where the money has gone. The directors need to be aware that they might be able to keep us in the dark for the moment but Her Majestys inland revenue will be thorough in investigating these maters if we provide some proof of questionable behaviour…..and the directors should not underestimate how many we are and what we might turn up if they push us too far....and that may well include earlier directorships also!
https://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=STREET%5E2062912&searchLocation=Duke%27s+Avenue&year=7&referrer=listChangeCriteria
The last thing we need is Borelli using all our cash on another "jam tomorrow" project. If we can't get info on BMR how could we trust him to start something else? To quote the old phrase he couldn't organise a pissup in a brewery….though he might be able to sell the brewery cheap to one of his mates before anyone turned up!
Well if Vigs postings are accurate it would appear our little Jack Russell has the rat by the tail. A lot of fishy stuff going on here between BMR, Jubilee and Bird.... and If Borrelli rang him I would think that a good indication of panic in the ranks! Kabwe is worth £ billions and a lot of unexplored areas too which could substantially increase the value IF it ever gets into production. The royalty is all we have left and if that is sold, likely for peanuts, we will all have been mugged. I hope the "directors" are paying attention because they should be aware that if we lose everything they won't be walking away rubbing their hands but instead waiting for a knock on the door from the authorities. In this digital age there are many ways to seek recourse!
Maybe the best way to go forward with this is to exchange our shares for JLP shares….at least that would enable us to trade and stop worrying about which cockup Borreli will instigate next…..and that would hopefully remove our clown CEO from control. Probably we would get shafted again but at least that should be the last time!
The next news will probably start with...… " BMR are delighted to announce"...…..and then destroy the last bit of hope we had! What a SHOCKING series of incompetence! The metal is laying on the ground at Kabwe and the locals have been digging it up and sticking it in a bucket then selling it! After 10 year sand countless fundraising all we have managed to do is give away 91% of the profits....and pay Jubilee for shafting us!
This is the tweet.....
Apologies for delayed updates and a full announcement is due on the website shortly - expect more regular updates in future.
……….If only we could believe that!