Member Info for GrumpyScouser

Likewise Kevin....may you always be close to an oasis!

No kidding.
Plus the Aviva Canada litigation.
Plus the "possible other claims" mentioned in a recent rns.
Plus the existing cash.

All accounted for in rns's.

Easy: the kind of person who thinks its ok to behave like that will find it very easy to justify to himself.

Forget any issues of urgency or time limits: Stefan Borson will be on top of it.

Just go back.
Read the VERY DETAILED RNS'S.
The claims and counter-claims.
The documentation submitted to the courts: not the gossip and waffle.
Then buy.....or don't....your shout. Lol.

Weeks? Based on what exactly?

The claim was only announced in August.....so late 2021/2022 for settlement maybe, longer if it goes all the way. Pure speculation on my part based on history.

Many thanks: also in the FT.
https://www.google.com/amp/s/amp.ft.com/content/397abc8b-9abf-416d-b824-001a569fc237

Excellent....many thanks.

I can't access the article: anything new in there?

@Furry-ears: long time no see! Hopefully you made it safely across the desert and are now safely installed at an oasis somewhere.

From here my understanding is that it's solely about concluding various legal claims (including others potentially in the pipeline), then winding-up the business and returning the cash to shareholders.

I guess there are other options, however they wouldn't fit with the long-stated end game....unless of course something comes along which increases shareholder returns.

Stefan Borson has been clear on that as the focus.

ATB

Yup.

I'm here till the end....with just cash holdings and significant litigation already underway I can't (currently) see any reason to sell.

Hi Addicknt: LTNS!
Its getting closer, for sure.
SFO cleared the company but the enquiry is ongoing ;-). Litigation is ongoing against PWC, Aviva Canada & potentially KPMG as well as a VAT claim from the Ingenie business.

Ironically, after the recent capital returns of around £160k and an ongoing average cost of 32p on my holding, the original dog has been groomed into a Best of Breed Winner.

But go through it all again? No thanks.

** I meant to say "less than 50p" in the 2nd bullet but you get the point.

@robina Here's a couple of thoughts

Let's assume the sp is 50p when another CR is announced, for simplicity.

-If WTG announce another £1/share to be returned: what would you do as an investor? What do you think would then happen to the sp in the time between the announcement and the cut off date?

- if they announce 50p/ share it changes things, but I think it comes down to how many free shares you want.

@addinckt: thanks for posting. Hadn't seen that...I guess it explains the wording of the recent trading update rns ;-)

@strollerb : hope youre well, sir! LTNS!
Absolutely agree: if ANYONE has ANY doubts about what is behind this, read ALL the public court claims and transcripts.

PWC have made some VERY silly mistakes, IN WRITING, and this will have FAR REACHING effects, beyond this case.

This is going to be fun...and profitable.

I completely agree.

Especially with the final points about disclosure and other clients. I imagine PWC would be quite enthusiastic to avoid such disclosures, so the "equitable compensation" negotiated could be uncomfortable for PWC...but worth it to defend their future viability.

continues..

My pleasure.

I'm not able to do it right now, however the SGH claim court documents; WTG Response RNS contain many damning facts as to what was uncovered.

Not for one minute do I believe the PWC claim will be the only one

About bloody time too

@addicknt: no idea at all about RT. There was an announcement about him relinquishing all but family company directorships and speculation (total) that it was possibly related to the ongoing SFO investigation which the company was cleared from.

Time will tell: perhaps he's drinking the English sparkling wines he makes and which he values at £100/bottle.

ATB.