RE: For The Record - What Wood Group Can/ Capable of Doing & How Most Of Us Are Right!!11 Sep 2025 12:34
“I made decisions based on information provided, and if those are fabricated and falsified, then that is accountable by Law. Ultimately, if Wood is going to go bust, then the BoD need to go, and Wood needs to be sold off to the extent all shareholders get the money back and that is the end of that. I can only speak for myself (and anyone with brain), I don't invest in companies for management to be corrupt and thieves - plain and simple as that.”
This is exactly what is happening right now, the sale to Sidara, the 30p to shareholders and right down to the FCA investigation, and no doubt most of the board will end up going quietly once Sidara are in control. However shareholders are at the bottom of the pile of all this, below any staff that might require a redundancy payment and well below the lenders, who have lent money to the company on the same basis as you have invested. In a perfect world everyone who has been lied to would get back every penny and those responsible would face jail time but the reality is the ‘missing money’ is already gone and those responsible rarely receive a punishment that is satisfactory.