Member Info for Dr_Kaboom

Bakky, the RNS wordings are confusing. They state they have concluded the investigation wrt the specified contract. They go on to discuss implications of discrepancies on other contracts. For me, all discrepancies have been investigated and the affair is considered closed. Are you expecting anything else?
Shame they did not update on status of buyback.

Reckon sell. Bid has reduced to low 4.1s while ask has gone from ~4.7 to ~4.45

Look at that spread although bid closer to 4.11p while ask around 4.45

At this rate, we could have Toby posting soon.

Artists or con artists?

20% down

Early indications of gap down this morning.

One of SJL's minions has returned. Let's see whether he gets promoted to the board and whether SJL rebuys shares, now that the issue has been resolved. We know the ICM guys like a nice dividend.

Toby and Salazar kicked out, with no financial implications for them. Completely unacceptable, investigation should have looked how they benefitted from this fiasco.

Tender offer postponed, despite no changes in cash balance. Give us the dividend.

Well, cannot even trust the formal market announcements anymore. It seems we have been lied to about revenue, cash in hand, etc, so anything possible now

Bakky, based on the revelations today, it is clear the board cannot be trusted. Such situations don't normally end well for shareholders.

"There is a profitable business under this and the existing cash is not fictional even if it gets a hit."

YHAL, we don't know that yet. All we know is that clever accounting has been employed and until thst is resolved, we don't know whether the business is profitable.
The extent of the investigation may also be extended to periods prior to 2019. It seems some serious cooking has been performed here.

From what you are saying, Toby and Salazar need to be brought on the street. All that money they have been lining their pockets while shareholders have seen share price decimated.
I reckon shareholders will be punished again when the outcome is announced while Toby and co will be unaffected.
Sorry to say this but shareholders could lose all here, due to incompetence/"fraudulous" behaviour of a selected few.

SJL, what are your thoughts on Elliot and Tuncan?

Disher and Tuncan sit on the Audit Committee. Have they turned a blind eye on what Toby and Salazar have been up to. Salazar spent 16yrs at KPMG.
"The Audit Committee is responsible for ensuring that the financial performance of the Group is properly monitored and reported on"

Do you feel you were lied to during the ICM sale or about the dividends? Be nice if you can sue Toby and co's asses. Get them on the road i.esame treatment they have given to private shareholders.

SJL, tbh, our demise started with the acquisition of ICM. On the other hand, had the acquisition not gone ahead, we would prob be on life support considering the questionable performance of the pre-acquisition MMX portfolio.

You have seen (and experienced) the sufferings of the holders here. Time to kick Toby and co out and we (at least I) will support your nomination.

And so would I.

SJL, interested?

We need "Replace Toby with SJL.FORUM"

Does anyone know whether Toby is half Chinese? He certainly looks a bit.

"in Toby's opinion, hmmm!" Rookie mistake there, SJL. Toby's words lol

" Bakky, from what I was told, he negotiated the deals, knew the players involved etc and was in contact with them...."
So, Toby directly involved. Knot is tightening around Toby's neck.

These guys are worse than Nigerian mafia.