Member Info for DavieH

I see from Companies House that there’s been a compulsory strike-off notice for Whetstone Capital that was issued on 29 Oct 2019.

Given the BoD haven’t commented on the company’s removal from Britdaq, I’m assuming that the company will now be dissolved.

If this does happen I’m sure Comical Ali will be Happy, Chilled and Relaxed that the Crown will have a stake in RAP and also huge potential (agreement in principle), in a multi-billion dollar role player game.

Imagine WRN & Whet’s very own ‘Comical Ali’ posting something misleading! You’d think he didn’t want people to see the whole picture

Yes, what other reason would Doug Ware’s house sale be under the proceeds of crime act.

Let’s hope the truth comes out sooner rather than later about what actually happened.

Also, if there had been other investments apart from RAP, you can be sure Comical Ali would be posting every update imaginable. Anything to divert attention away from the real issues at hand.

Or the ‘agreement’ to invest in NARC. Nothing was confirmed and it’s been almost 10 months since they made that announcement and there’s been absolutely nothing communicated that confirms a deal was done.

Very similar to WRN’s ‘agreement in principle’ deals that never materialised either.

You would think that people would twig that they were being fed the same jam tomorrow promises as they were with WRN but if you look back to the posts following the NARC announcement, there were loads of people who declared that the deal would be worth billions to shareholders!

I remember that PhiloBeddoe used to take the $2b in assets RNS and work out how much each share would be worth on that basis.

Loan notes and distressed assets seemed to be his way of justifying how $2b of assets could be acquired without diluting the shareholding.

I wonder what happened to him or any of the other apologists.

To be fair, their ramblings were quite entertaining but it was far too easy to win the argument against them, especially when the company was placed into court ordered liquidation.

Seems to be only Picto who’s been left to bang the PR drum and god love him, he’s doing a great job!

I see Picto, WRN and now Whetstone’s very own Comical Ali, is still posting without acknowledging that it’s currently impossible to trade Whet shares.

Whatever Rapid donor don’t do is totally irrelevant to Whet shareholders at the moment.

Where’s the BoD statement on why the company was removed from Britdaq and where’s the quarterly update they promised back in May 2019?

When you look at the history of the people involved, it wouldn’t be a surprise if that was the plan all along.

The fact the BoD haven’t commented on the removal from the trading platform is a huge red flag.

MadChatter - Britdaq suspended/removed Whetstone from their trading platform in June.

There’s been no communication from the company to explain what happened and what the next steps are.

So currently there’s no platform to trade the shares and no statement on when this is going to change.

According to the register, it was mainly Wulstan Earley and Darren Chapman that were the big sellers in Whet in the first year.

Funny that they didn’t see the long term potential that so many others did!

According to the liquidator’s report for All About Brands, there’s still a restraint order by the FCA under the Proceeds of Crime act which prohibits Allan Biggar disposing of any assets.

Does this relate to WRN?

Surely the most important thing is to get a statement from the BoD on why the shares can’t be traded and what the plan going forward.

The fact that there’s been no statement in almost 3 months is a disgrace.

At the moment any other news is totally immaterial.

Whetstone has now been suspended for almost 3 months without any comment from the BoD so can we assume that it’s dead?

I know the WRN directors didn’t show the best corporate governance (overdue audited accounts, AGM etc) but surely there should’ve been some shareholder update of some sort even if it is to say what is being done to get the shares trading again.

Whet now been removed again.

It would be helpful if the Whetstone Management would issue some comma to clarify what exactly is going on.

On the Allan Biggar & Company Limited website, Allan boasts that:

In our team are PR professionals, former journalists, online specialists, turnaround guys, lawyers and brand specialists. We've access to lawyers, media organisations, corporate recovery and insolvency advice as well as investors.

Surely between them, they could at least be able send out some comms?

giantsquid - I’ve acknowledged that there were emails stolen but these were from Aidan Earley who was a banned director at the time and had no official role with WRN.

They were also posted after the company went into FCA ordered suspension.

WRN went into court ordered liquidation because they were unable to pay their bills.

If there was any wrong doing then why has there not been any action taken?

Also, can you comment on the recent suspension of Whet? Do you not think the management should’ve updated shareholders by now?

Great post vindaloo.

It seems like most of the apologists on here have absolutely no idea of the cost involved to acquire assets of the type the infamous RNSs mentioned.

If you look at the actual deals WRN did is seems to be the following:

1. Law Financial
2.......
That’s it!

giantsquid- if these emails were the reason for a multi-billion dollar conglomerate failing then the person responsible is known and has been named so why has there been no action?

Also, Aidan Earley said the deals that Worthington were going to complete were still available for Whetstone so that implies that no damage was done.

To me it sounds like the Worthington directors used the many negative posts about the way the company was conducting its Corporate Governance during the period that they were trading and in suspension as an easy way of deflecting the blame away from them after liquidation.

The directors and management or Whetstone are going the same way given their silence on the Britdaq platform suspension.

Do you not think they should’ve updated shareholders by now given it’s almost a month since the suspension?

giantsquid - you keep saying ‘if’ this happened and ‘if’ that happened.

There’s absolutely no evidence of any kind of interference and until there is, then the directors are to blame for the liquidation of WRN.

Do you really believe the company was denied $2b of deals because of a smear campaign?

If there’s evidence of interference then I’ll hold my hands up and admit I was wrong but given the company can’t even update shareholders about the reasons behind the removal from the Britdaq platform and the next steps for the company, I’m not holding my breath.

Finally, as you’ve admitted there’s no companies that Earley or Biggar have been involved with that have been successful for shareholders, do you not think you need to be asking yourself why you’re putting 100% faith in them or their promises?

giantsquid - there may well have been 3rd parties who interfered with potential deals but even if there was, the directors of the company were ultimately responsible for liquidation.

You still haven’t given an example of a company that either Aidan’s Earley or Allan Biggar has been involved in that’s been successful for shareholders and if not, why do you continue to have 100% faith here?

Giantsquid - if you can’t name a business that Earley or Biggar have been involved in that has been successful for investors, can you please explain why you continue to be taken in with the promises that are made?