Member Info for DavieH

I think it’s more to let new investors see both sides of the story here and encourage them to do some research on the background of the individuals involved.

The fact that not even the most blinkered can lost any company run by any of the management that’s been a success for shareholders is a huge red flag.

Obviously not all businesses will be successful but surely if you’re expecting investors to believe that you’re building a billion pound conglomerate then you’ll need to demonstrate success in the past.

Fool me once, shame on you
Fool me twice, shame on me.

I’m sure WRN’s very own Comical Ali will be back soon to spin some more positive news from the debris here.

Still waiting on anyone to give an example of a company that any of the WRN or Whet directors or management team have been involved in that has been a success for shareholders.

You’d think if they were looking to build a multi-billion pound conglomerate there would be a track record of success.

Of course they’re not coming out of a court ordered compulsory liquidation. The apologists who are peddling this are the same ones who didn’t see any problems with WRN acquiring $2b of assets using loan notes.

Look at the people involved in WRN and then show any company that they’ve been involved with that has been a success for shareholders. Despite repeated requests, no one has been able to name one. I understand that not every business can be successful but surely there’s at least one that has?

Start off with Merchant House Group and Wood Hall Realisations for starters and you’ll maybe start to see a pattern. If you still believe in the ‘jam tomorrow’ story then at least you can’t say you weren’t warned.

Manifesto - I agree that a lot of companies are behind with their pension obligations but the fact is WRN directors had an obligation to pay into the pension and failed. It’s crystal clear who was responsible in this case.

The company is in court directed compulsory liquidation and despite posters on here asking for examples of any other company coming back from a compulsory liquidation, no one has been able to name one so why do you think WRN will be different?

Isn’t the fact that countless directors or bloggers with a connection to the company have repeatedly made claims that haven’t materialised not made you at all wary about the continued ‘jam tomorrow’ stance of the apologists here?

What’s that old phrase... fool me once, shame on you. Fool me twice, shame on me.

That’s true, they did issue shares but given Earley’s brother then dumped millions of them in Britdaq before many holders were in possession of them, a cynical person may question the real motives for this!

It’s clear that the directors are responsible for the liquidation of WRN because it was their job to ensure the payments to the pension fund were maintained. They failed to do that.

This was years ago and since then there’s been no communication from Doug Ware which seems strange given the amount of RNSs he released in the approx 8 weeks this was trading in 2014 promising £5 nav, $2b of assets and ‘pipeline’ and ‘agreements in principle’ for multiple deals.

We were then told that these would be taken on by Whet and over 12 months later, they only have an investment in RAP which has been a complete disaster and an investment in NARC which admittedly has incredible potential but it’s still a huge risk in terms of timescales for ROI.

One of the main drivers for WHET was to invest in cash generative companies and so far there’s been nothing.

Manifesto - he only partially posted the outcome. No one wants shareholders to lose money but that’s already happened with the compulsory liquidation. The important thing is that the people responsible for shareholders losing their money are held to account. So far, in this case, that hasn’t happened.

I see the WRN 'Ministry of Information' are out in force as my post relating to Picto has been deleted.

You may be able to censor posts on here but you can't hide from the facts!