The shame of Tom Richardson?12 Feb 2024 10:50
Great post from earlier
Hopefully we can bring Richardson down on behalf of all the other companies he asset-stripped too. The cancelling of the JV, and not stimulating the well with gas to stall production in order to back the SL into a corner has the impress of his MO - bring a struggling small company to its knees with a suicidal bonds arrangement to dilute LTH's out of existence, undertake a long-term social media campaign to destroy any shareholder sentiment using aligned 'influencers', release statement after statement of catastrophic news including a 'speeding ticket' RNS when there was an unexpected rise of a tenth of a penny, then sort out a 'survival' loan of a couple of million quid in exchange for billions of shares with mates in order to effectively steal the company for peanuts.
None of this exonerates Millholland, Gaffney, Cowan inter alia. They allowed this sequence of events to unfold when there were alternative routes. You have to ask why they did this and there are only certain conclusions you can arrive at?