The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Sol, well you can’t be a director if you’re bankrupt... Have to say it’s very unusual for a director not to own shares in his own company but the reason here may be they’re unable to do so due to them possessing inside information.
Hulie, I completely agree with you. The time for them to buy is now.
Seems JB is more ambitious than CH regarding future plans for the company. If you attended the shareholder presentation that was really clear. Time for him to put his money where his mouth is and the company to start again on a new slate.
Google “third-party litigation funding” which is essentially the route I think Colin will go down. Shareholder dilution won’t be necessary although the company will be required to take out after-the-event litigation insurance to mitigate some of the costs the third party funder incurs if we lose the case.
The obvious questions that spring to mind, that any litigation lawyer would be advising on: “Do we have a strong legal case?” And “What are our prospects of success?”
Am I missing something here, but surely we have a bloody strong case at the moment? Colin must be feeling confident of an out-of-court settlement at least?