RE: Possible complete wipe-out for shareholders.20 Jul 2024 11:27
I warned that this share might go the same way as Deep Verge, i.e. accounts not submitted in time, followed by suspension, and sale for $1, with all financial transactions hidden from public view.
The only reason I didn't bail out was because I trusted John Wood not to screw us over. However, the pantomime "ousting" of HARL's CEO makes me think that he might actually have been in on this as he isn't likely to lose a single penny of his own cash on whilst he's still on the company payroll.
Millions were "conveniently" wasted on Scilly Ferries and the inflation busting pay rises, paving the way nicely for Nationalisation for circa $1.
The implications of this are that JW, Arun Raman, a few Tory MPs, Kevan Jones and a few Labour MPs, plus a smattering of GMB union Leaders have led us PIs along the garden path to oblivion.
There are a few questions we will likely never know the answer to:
- Whether Labour, the Tories, the Lib Dems are one big private club that have secret meetings where they plan scenarios, like this one, years in advance?
- Whether JW deliberately overspent over the last 12 months to bust the company?
- Whether the Tory government encouraged JW to overspend over the last 12 months, with the "unwritten" promise that the loan guarantee was a shoein, in order to bust the company?
The only positive out of such a scenario is that most of the current workforce should keep their jobs!!!
Right, that's definitely me done here for the foreseeable.
GLA