RE: The simple truth.7 Apr 2023 13:11
I was first talking nonsense then I was just lucky, now I'm clueless again but look at this.....
A post from exactly 1 year ago when I was warning about the cash position. 100% in the SP needed just get back to this god awful day and this is why JLP is done, it was a 500million mcap bank with only 15 million in cash. Wake up people
"BushyTailed
Posted in: JLP
Posts: 1,448
Price: 14.70
Strong Sell
RE: Options20 Mar 2022 15:19
It's not the ARCAM deal was so bad at the time... What is bad is that JLP have demonstrated their ability and willingness to pay back debt.
Capital and compounded interest equates to settlement of circa 12 million. Considering how much money they're supposedly making from supposedly world class assets and processes then why couldn't they have settled from fcf or at least borrowed from a bank with their supposedly vastly improved finances and operations to settle the arcam agreement?
Truth is in the accounts... They're not making as much as some in here think and a bank won't lend against their operations, even with a 500mil mcap. Or, Leon will never be willing to pay a debt, so long as investors are happy to keep paying 3 times as much."