Member Info for CheshireLad

Manipulated by criminals!!!

Possibly Oke.

Like others I've also added today.

Soap opera indeed.

Succession or Kin?

Moral compass and moral hazard are not practised, it seems only moral ambiguity? Surely no moral ambivalence is involved as it appears there is no choice to make, what’s the definition of madness….

It’s shorts getting out before the AGM.

It appears they have had there fun and are quietly exiting, mates rates!

REVB news, no TR1s, large after hours trades, M&A season, AGM on the horizon, unusual silence, but not uncommon with THG. Feels like something, hopefully it’s positive, but I wouldn’t trust MM with anything, he is shameless beyond belief.

Voted no to all apart of the annual report.

I hope the last results and the kitchen sink mentality are the last stops of the indulgent way the company has been ran i.e. clear the decks.

Hopefully within a year and if the management can grasp the idea that they are a retailer and that's the bread and butter., then a turnaround of sorts might happen? albeit from a very low base.

I live in hope the meta shows through as positive over the course of the rest of the year and into next, that's if there is no white knight scenario?

No excuses anymore!

Does MM strike you as the type of person who'll give anything back to ANY private investors? His track record speaks for itself!

Self-centered narcissists' only think of themselves and don't care who they hurt in the crossfire, anyone that happens to come within their cross-hairs are dispensable.

MM will leverage THG plc remainco for all it's worth in order to future proof and safeguard his own wealth and power. The only hope PI's have is a change in mindset form MM, unlikely, or the ineffective BOD, Chair, & NEDs do their job properly, unlikely again as they have never shown any backbone and are happy on the executive gravy train to keep taking the scraps MM throws them.

THG plc remainco has been and will continue to be ran as a lifestyle company or investment vehicle for the greater benefit of a chosen few. Corporate and white collar fraud is something that really gets pulled up held to account for. The demerger documentation highlights a case for this, but I'm no legal expert in these matters, but when information is deliberately delayed until after certain dates or at worse just plainly omitted, its only the PI's that will be relatively disadvantaged compared to the fat cats.

MM's stewardship as a plc has been lacklustre, uninspiring, deliberately vague, but overly self-indulgent. That is all you need to know about the man and the way the company has been ran since the IPO i.e. exactly the same as it was prior to IPO.

If we get to the AGM, and it's in person, is anyone thinking of going this year?

I'm going to make the effort.

Does anyone have an idea of what you think MA’s average is, depending on whether he rolled in to Ingenuity or not as the case may be? It could be lower than the RNS’ due to what some you think the way he trades with CFD, although none disclosed as far as we know, and we don’t know if he lends to shorts on the side either?

Any thoughts welcome!

Just though I'd repost GB's post from yesterday which originally got removed but was put again by GB. It's one for all of us to think about and do some soul searching at times like these. I doubt MM will be doing any though.

GB's post

''THG can and should have been a good business. Anyone invested should not beat themselves up about it.

We are victims of fraud led by a conman CEO. He has fed us all lies over and over again, gaslighting us into believing there is a large valuation gap whilst lining his own pockets.

Moulding once stated that Apollo valued ingenuity at 60p per share, roughly 1 billion at the time? Yet this undervalued the company. It’s strange that within a year or two it went from 1 billion to 25million whilst having record revenue?

Or how about gaslighting us to believe that entering the ftse 250 will be the saviour whilst diluting the share price with a placement on day 1?

The fake bid from candy man before terrible results? The fake bid from Selkirk?

Hiding any sort of detail or figures of the ‘arms length’ deal with ingenuity?

The list goes on and on, he is the reason for the SP destruction and he is going to end up manipulating the situation to line his own pockets. Crook? Conman? Fraudster? Pond scum? All of the above. I hope he is doubling down on his security spend.''

I bet if they had invested in Whey in-house production facilities then the tangible value of those facilities would be worth a lot more than than the value nobody (THG plc) got out of the Ingenuity spin-off, and the NAV would also be higher.

Imagine if all the white elephant investment had been instead allocated towards THG creating it's own Whey production facilities, but's it's not sexy enough and farming production & processing facilities doesn't have the same cache as being......very large cough inbound, a "tech" entrepreneur....lol. Everyone needs to eat, but nearly all can put up with a delivery being a day later and provided by better more established marker leaders.

What a prat MM is!

So we conveniently have the fake bid creating the threshold for a low ball takeout, knowing the SP would continue to create ATL because eventually this crap would be articulated and conveyed to the the wider public and investment community……it’s almost like NM & MA knew what was coming!

Pond scum the lot of them, MM thinks he is a genius businessman but in fact he is the chancer we all deep down knew he was, you don’t even have to go back any great length of time to understand what a gaslighting blagger conman he is, just take the last 6 months will tell you everything you need to know.

I’ll always give credit whenever it’s due, even if personally I don’t like someone, so long as they perform ti a high degree and some morals and a little moral hazard, but when the only morals MM understands is those of an alley cat there just are not enough choice words to to sling back, I mean just look how he has treated they everyday THG employee and even his family and friends who must hold similar paper losses to most of us.

A pathetic excuse for a CEO of a FTSE listed company, now you understand why he gives top positions with THG to those with little experience, so he can control them and you have to assume bully them to go along with creative accounting practices. In turn you also therefore understand why he doesn’t want the books open to any due diligence, OVMK knew.

Sadly my fears came to pass.

Optics aren’t great when the CEO gives off a division who then becomes the majority private shareholder (let’s not talk about the symbiotic supposed arms length contracts), reducing his remain equity but then regaining that equity in remain co at a much reduced price thus insulting his own equity. It’s almost like he knew in advance, but off course that would be illegal, but hey ho let’s do it anyway the authorities don’t care, they could never prove it as a fraud, but just in case I’ll get my mate to lodge a fake bid and raise the SP a bit so the poor results that are due will fall back to the previous resistance…..nobody will know?

Well I’m afraid our CEO will be paying triple time for his personal security. I bet if we ever get to the AGM it won’t be in person but now remotely, what are the odds?

SFO need to open a case rifle against MM, GLA, and a few others. Apollo should be made to cough up the actual offer they made then the SFO can objectively look at the timeline of events since.

Imagine having MM running your company in to the ground, how depressing and demotivating for everyday staff not on the executive gravy train. I’m afraid thats what the LSE has become, just a Snowpiercer gravy drain, the guards being the hedge funds and shorts, and the not so chosen few feeding off scraps and bugs at the back in the cattle carriage.

Chin up all, it surely can’t get any worse….can it?

$30 million, that'll pay for the advisors and legal fees then.

Either:

A) - Get the price up prior to poor results so falls back after results to same support

B) - Give a baseline for other external bidder/enquiry to say prior to results this is where we are

C) - MA/MM2 are hostile so get price up to cut them out, or at least make it a lot more difficult for them

D) - Unlikely, but give visibility for ALL shareholders a.s.a.p. for fear of being caught out with any concert party talks behind ALL shareholders backs, including what must be the as fed up II's

Take your pick, but could just be a load of codswallop so MM can justify a social media post of sorts and stroke his ego and financial engineer a low ball offer form himself or another, as undisclosed, concert party.

GLA

Rizzel,

You are talking absolute nonsense.

GLA

.......''he is not well liked' and none have a good word to say about him and think he is an idiot''

..... ''OVMK knew''

GLA

I agree, to a certain degree. MM's trade as we know is an accountant and he is obviously very good at financial engineering. But that in itself is not good enough. Financial engineering works with little scrutiny when companies are awash with income, however, when incomes fall it's only so long the wool can be pulled over peoples eyes. If you don't want the company being opened up to actual financial scrutiny what do you do, have a golden share for longer than initially indicated, you delay, knock back offers, de-merge business units, delay FTSE entry.

I worked at Phones 4U for a while during holidays from Uni and I must say I didn't have the pleasure of meeting him. But I hear from ex-colleagues and current colleagues who have relatives working at THG, and he is well liked and none have a good word to say about him and think he is an idiot, but that's the opinion of most employees in a large companies regarding their CEO, it's natural the minions think like that. No doubt it's a tough job, but as a CEO it goes with the territory and if you constantly fail, then you should leave, step down, fall on your sword. That won't happen with MM, he'll leave kicking and screaming and this is his version of that.

So in some respects MM is a charlatan or chameleon who by his very nature and trade is happy to engineer situations as he sees fit, then carries on, and on, and on, and lines then get blurred between self-interest and best-interests of all. Then combine that with a narcissistic tendencies makes for a bad recipe, OVMK new and didn't mind publicly stating it.

Ironic that THG still operates out of Northwich, Cheshire, the home of the 90's indie band The Charlatans.

We can all make our mind up about MM's antics since floating and all are more wiser, but poorer, albeit except himself. No doubt he deserved and took the IPO money that was due as acknowledgement of the business he built. But since IPO he has been a disaster of a CEO, why? hedge funds, wars, market bullying, commodity prices, I'm having none of it. If you hit the numbers constantly or at least more often than not, everything should more or less take care of itself. Add that to a billion syphoned off to Ingenuity with absolute no return, except for MM off course in the form 300+ million contract locked in for multiple years, a nice pension indeed.

MM must do better for all, not just himself, those lines might of been blurred in the past, but now now, his credibility is shot, the social media moaning is pure fantasy and a distraction as a social engineering move, and at worst gas lighting, A1 narcissistic traits.

GLA