It would seem to me that we must have agreed terms and now want to renegotiate. That would indicate that the bod did a bum deal which they now regret. If someone has our signature on a deal that is good for them but not for us why would they want to negotiate?? BOD
Everybody keeps saying that but it has been rubbish for years. I first bought in at 411p about 8 years ago and it is now worth less than 410p. The only people who have made real profits here are the BOD who seem to get very highly paid and give themselves big bonuses for failing. Good job the dividends have just kept me above the level of keeping my money under the pillow.
It was obvious when no outsiders were prepared to take this on there would have to be a 'make do' appointment and it would appear that this is what we have got.
So it looks like nobody has a clue still and even the staunchest supporters seem to be changing their tune as they recognise that the bod don't give a damn about shareholders. It wouldn't take more than a few minutes for them to inform us what the state of play is. I would suggest something like ' We fully understand the frustration of our shareholders with regards to the lack of progress in our discussions but circumstances are beyond our control and we can assure you that we are doing everything possible to give shareholder value'. I know it would be total bull but at least we would not feel totally ignored. Once again shocking management by our bod.
Plus many probably have money here they would like to take out and invest in a decent company but have had this opportunity frozen. Bloody awful management if you ask me.
But still at a loss. Have averaged down but still well out of pocket here like probably 95%of shareholders here. It surely must come good here sometime but that has been said every year for a long time and it never has.
No confidence in the old board but a little more with the new. I have, however, greater respect for CP and when he starts hoping rather than expecting it gives me the shivers.
Well my confidence has now been shattered. CP, the man with all knowledge, has changed from saying what will definitely happen to what he hopes will happen. Just shows nobody has a clue what is going on. Just HOPE the BOD do.
Oh dear CP, your comments have changed from saying positively what is going to happen to what you hope will happen. Completely dented my confidence of a miracle turnaround now.
Not a tough year for Solo. Just for its shareholders. The bod will all get well paid and I am sure will give themselves a Christmas bonus for achieving very little.