Member Info for Globex

Wow so in addition to confirmation of previously reported undisclosed shareholdings she was also caught with her hands in the till.

Her shareholding well above the 30% threshold ever since IPO, but that was deliberately hidden from investors through these offshore companies. They are going to have real difficulty unpicking that. There have been a fair few Aim scandals over the years but this is big league stuff. It doesn't get much worse, entire IPO was based on a lie.

Who can forget RMS its magical Covid killing formula. Same trick with BRH subsidiary Paraytec, announce magical Covid test, dump shares, then when nobody cared about Covid it becomes a magic sepsis test, again trading the shares, until value of whole lot written down to zero.

Meanwhile not one solitary sale of any of those products. Only commercially viable plc associated with him was Chamberlin, until he rocked up and within 3 years it's in administration. But not before being financially engineered it to within an inch of its life and curiously having more than strike off notice not declared to market.

*must

Agree has to be him or someone else very closely associated. Wouldn't make sense for anyone else try and defend the indefensible. Would also require brass neck - check. Gaslighting that his car crash companies frequently falling over the fault of something/someone else (eg markets, investors or posters here for not 'getting it' ). That superior attitude mist be what helps him sleep at night. All the while the pseudo intellectualism another distraction technique - but tellingly same MO as official communications from companies associated with him burying the (frequent) bad news with creative wordsmithing.

At this rate Moulding might have to start flying economy. Just kidding, even if this totally falls over he still has those juicy freeholds. In fact in his parallel world he must be thinking he deserves another holiday by now, for delivering another stellar week of share price performance?

Sheer number of brands in that test brings it home what a crowded market this is now. Result of zero barriers to entry, unfortunately anyone can buy whey wholesale, set up a Shopify/Amazon account, get a jazzy brand name (something like Emperor or Maximum Fighter, you can have those for free), design a label, pay an influencer, boom you're in biz. But at least those well known body building influencers amongst Telegraph readership might be swayed.

13,061,111 - 61,111 = 13,000,000

100% correct Monty888. Especially for companies with a heavy debt burden. Even worse is adjusted EBITDA. When there are no rules governing those adjustments it's become a free for all for less reputable firms to overlook a load of "one off" costs that funnily enough are repeated every year, making them not actually one offs at all. This is why statutory numbers are so important, when backed by actual accounting principles there are no hiding places.

Another one bites the dust. Aim is now a game of Russian Roulette, only for the brave (or mad).

This convertible loan is right old ball and chain, would have given far more certainty if they ripped the plaster off and gone full dilution now. By simply issuing shares in full regular way market would be clear on final share count, and have no additional debt instrument overhang. That's before we get on to the issuer. The company will never be rid of him, that's when you realise it's by design.

The AGM resolutions were in the latest annual report (p116-8) https://www.oxfordbiodynamics.com/investors/financial-results Perfectly reasonable question to ask.

What should really grind everyone's gears is that sell off yesterday in advance of the dilution announcement. And in the weeks leading up this. To have a one trading day unexplained 7%+ drop towards placing price low before any public announcement made is an absolute scandal.

And a mirror image of sell off prior to 49p placing last year. Something very wrong here.

32.3p confirmed.

So bottom line is Moulding sells shares at 500p in IPO. He then is able to buy some back 4.5 years and because of what he's overseen it's at all time low of 32.3p.

Interestingly we were top of FTSE250 risers today, on a day when other retailers largely either down or at best flat. Market seems to be waking up 👍

Funny how he never mentions the £££ he bagged from the IPO

You can tell Mad is an accountant by trade, financial restructuring is what he excels at, he'll be in his element tonight cutting the equity into ribbons. Pity he's an absolutely dogsh*t retailer though!

RE: what will they do with FCF - if they ever generate enough the responsible thing would be to reserve it to pay back the debt that will remain on the books without having to nuke the equity. Including €475m of main biggie loan that is outstanding even after this D4E.

It's a positive the statutory loss is basically all non-cash, without the impairments it'd be pretty much break even. I see it as pretty solid foundations to build from. That plus net debt reduction also good indicator extent to which they've got a handle on costs.

Divi quite token but imo this is more Sorrell wanting to signal to market in tangible way that biz has recovered from lows.

Tellingly intangible writedown primarily down to content, suspect this is a result of AI enabling clients taking this in house to a far greater extent. But other divisions should easily compensate, some underlying green shoots, as long as they are reactive enough to pivot towards them, as this industry changing fast.

This is effectively a debt for equity deal, which are usually reserved for distress situations. Very curious.

Absolute classic THG, you can only laugh.

All the conspiracies about spooky hedge funds and magic mike's mythical derivatives (which he is not declaring apparently), in fact the car crash share price simply the result of insiders who knew this was coming. Again.