Member Info for cristalball

maybe its a positive that they are taking their time with this? (i.e. there are some options to explore). i am hoping there is.

Hi Timeless, based on the lack of SP response, and on reflection, i would have to agree with all your points. Suggests long term holders / and a lack of free float.

maybe why this has dropped already. ah well. carry on.

HSBC internet banking down. sitting duck. FFS.

I guess on Monday 7am we find out about completion of the sale, or deferral, or walk away. Must be an RNS. My money is another 12 months.

What's that got to do with anything? Tiny trade in the grand scheme.

Check out GBO. Cash on the balance sheet means nothing if the directors have taken it all. This is a total loss.

Is what we think?

Far enough to fund the appeal?

That's me done with AIM. A few grand in here down the pan.

yes twice i think.

Received the following. Globo Plc – in administration (“the Company”) I write following your email below to my colleague, Lucinda Kemeny. I can understand the urgency of your request for information. Please understand that the Administrators and regulatory bodies have to follow a set procedure when investigating and gathering evidence in a case such as this. We are very early in the process and I’m afraid that much of the investigative work will be confidential due to the nature of the investigation and we do not wish to prejudice any potential future action. I can advise that reports will be issued by the Administrators as the case progresses, with the first report due in December, and that these will be available to shareholders at www.thecreditorgateway.co.uk (password: Globo). If you require anything further, please feel free to contact me on the details below. Yours sincerely For and on behalf of the Company Marcus Connew For Lisa Rickelton Joint Administrator FTI Consulting +44 20 3727 1859 GloboPlc@fticonsulting.com On 3 November 2015, Chad Griffin, Simon Kirkhope and Lisa Rickelton of FTI Consulting LLP, were appointed Joint Administrators of Globo Plc (“the Company”). The affairs, business and property of the Company are being managed by the Joint Administrators. The Joint Administrators act as agents of the Company only and contract without personal liability. The Joint Administrators are licenced in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales, under section 390(2)(a) of the Insolvency Act 1986.

Exactly.

I have dropped a email to FTI and my queries are being passed on. I will update if I hear back.

Much better, thanks PC. Off to Vegas on Sunday. :-)

Speculating on the SP based on what we think the award will be? I need cheering up.

if anyone still checks in... i went back through the YE financials and revalued the balance sheet on a break-up (non-going concern basis) - crudely and at a high level. even taking a brutal approach to their declared assets, there is still around £50m of cash swilling around. so.... that leads me to make two possible conclusions 1) it never existed in the first place (squeaky bum time for GT) or 2) Costis and his crew have literally done a smash and grab on all the cash reserves..

I spoke with a senior GT Partner yesterday as they were pitching for some work and he kept harping on about their credentials in Greece and the growth of their Greek practice (c89% yoy he claimed) . After the session, and once everyone has left, I casually dropped in GBO to see if there was any wider fall out / company communication etc.. He didn't know what i was talking about...... (i take from that, they don't see it as an issue or it is so small to them they don't care)..

bear cast saying this is a fraud..... wish i had listened to them on GBO :-(

http://www.reuters.com/article/2015/10/30/globo-inquiry-idUSL8N12U3G720151030#ePQjkZDiCSsEJMY8.97