Member Info for buried_treasure

Anyone who understands selling FMCG into multi retail agrees with you AMGD.

Trouble is the CEO here has no understanding of selling FMCG into multi retail. Having failed at it his whole model now is built around telling others how to, er, succeed at it.

He may stumble upon the magic formula. Or he might fail and fail again. Just bear in mind he's doing it with your money, not his.

For those who know their history, "an undertaking of great advantage, but nobody to know what it is".

When an executive with a good reputation meets a company with a bad reputation, it is usually the latter's reputation that emerges intact.

Good luck Billy boy. I think you're going to need it.

You could probably buy the battery crushing shed lock stock for half the price of the TM1 debt takeout.

So yeah, why would anyone want to invest in TM1?

Placing letters were due Monday.

No news 7am Tuesday or 7am Wednesday.

If there was positive news you can rely on Chief Terdpolishing Officer Chathli to have served it up with the eggs and bacon.

The only logical conclusion is that there is no positive news.

£2M plus a year’s working capital in cash at a premium to market with a pre-money valuation of £2.5M was always a big ask, especially with all the Cleverly baggage, related parties and shattered dreams here. Auditors will not sign off accounts without it, and the shares will remain suspended.

So what next?

If there is any value in the battery crushing shed in Wolverhampton (BIG if) those jobs can be saved with a prepack admin and refinance. But that means an asset sale into a newco, a big haircut for the secured creditors of LiBatt, and total wipeout for everyone else.

You can’t say you weren’t warned.

Danilem89

"only goes one way from here"

We can agree on that.

I think we'd differ on the direction.

Bazzaman

You're not even a rounding on Croda's balance sheet. And if you think they are going anywhere near the litigation risk after the news of the last few days you are utterly delusional.

It can still fall 100% from here.

So basically netcurtains, you're not talking HIS nav, you're talking YOUR nav.

Fill your boots then son.

But don't come crying when Mr Market called the value correctly and schooled you.

We all had to learn that lesson the hard way. Some of us (me included) more than once.

Who put 50p in the dichead?

Obsisian

"...There is uncertainty about the company’s financial position.

There is material information that cannot be disclosed but is price-sensitive.

There is disorderly trading due to an information vacuum.

The company cannot ensure a properly informed market..."

As an outsider looking in, I don't think you can say ANY of those tests are passed!

The shares should have been suspended 0759 Friday and everyone should be waiting for the FULL facts to be revealed. I don't think we are anywhere near that yet.

Semantics spikeyj.

How about disorderly? It is definitely that.

To use the quote from that famous New Yorker cartoon, how about 'never' Mazerunner. Is 'never' good for you?

But "relist in a few weeks" is not what you said, you mug.

"An RNS clarifying that this doesn't affect the financial state of the company would be welcome."

Sorrywhatpardon????

You mean pile lies upon lies?

Wake up, bucko!

Suspension may seem harsh. PIs lose everything rather than being able to recover a percentage via a bigger, more reckless fool.

But the attitude used to be "you bought a worthless asset on the word of an untrustworthy board. We have warned off the individuals concerned and are sorry you lost all your money, but caveat emptor."

Now, as I say, in the name of deregulation anything goes.

The company

Ashman personally

D&O liability insurers

in that order.

In the old days it would have been suspended on Friday before opening pending clarification for fear of a disorderly market.

Now on London anything goes.

CFO and auditor resignation letters next.

Anyone buying between 5 December and 12 February has a slam dunk, easily quantifiable case for damages by misrepresentation.

D&O liability insurers will be sheeting bricks too.

Why have Croda remained silent?

I doubt they even noticed. You're not even a rounding on their balance sheet.

Mazerunner thinks this could relist next week. Mazerunner is a 24 carat mug. Pass it on.