Member Info for GrumpyScouser

Thanks for the reading recommendation: I'll add it to the list.

Reading both the original claim and WTG response I think many would agree. That said, it is what it is and we'll just have to wait it out to see the outcome.

It's amazing what pops up on the internet when you spend a couple of minutes googling:-

- Personal vendettas: that's a silly comment...it was Terry who sued WTG so the idea that you suggest it was wasteful to defend the claim is laughable given his history.

- Neutral Citation Number: [2018] EWHC 3082 (Comm)

Case No: CL-2016-000566

IN THE HIGH COURT OF JUSTICE
BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES

QUEEN’S BENCH DIVISION COMMERCIAL COURT

Royal Courts of Justice Strand, London, WC2A 2LL

Date: 16/11/2018

Before: STEPHEN

HOFMEYRQC
(Sitting as a Deputy High Court Judge) ---------------------

Be twe e n:

(1) ROBERT SIMON TERRY
(2) LOUISE TRACEY TERRY
(3) THE TRUSTEES OF THE RT ACCUMULATION AND MAINTENANCE TRUST
(4) THE TRUSTEES OF THE RT LIFE INTEREST TRUST
Claimants

-and- WATCHSTONE LIMITED
Defendant

-Salaries:- what was Terry's basic salary? I'd guess at close to £1m plus 'bonuses' ....plus his lavish lifestyle including 1st Class travel even for his family!

- Dying on the vine:- oh dear me! Was this a Freudian slip? I wonder how the 2018 Terry Champagne vintage will be...perhaps he'll toast his former investors with a bottle. Perhaps sitting next to that swimming pool they paid for?

RNS:- Would it not be wasteful to pay for an RNS on public information when we can all depend on Good Old Rob to share the info for us? (Rolly-eyed thingy).

......btw: you neglected to mention the case against Terry which resulted in him repaying £800k (this was a personal expenses claim!....)

Settlements with former management and former vendors

In January and March 2018, the Company agreed settlements with former management. The 31 December 2016 Financial Statements referred to an investigation by the Group into expense claims submitted by Mr Robert Terry and payments made to him by the Group during his period of employment and related litigation. In January 2018, Mr Terry (together with his wife and former employee, Mrs Louise Terry) and Watchstone settled certain respective claims arising out of Mr Terry’s contract of employment with Watchstone, the settlement agreement entered into when Mr Terry departed Watchstone in November 2014 (“November 2014 Settlement”) and a separate agreement relating to works done at Quob Park (the former head office of the Group) (“Terry Settlement”). Under the terms of the Terry Settlement, Mr Terry waived his right to receive £280,000 under the November 2014 Settlement and Mr and Mrs Terry paid Watchstone £800,000 (in cash). These items, arising after the balance sheet date, have not been included in the results of the Group in the year ended 31 December 2017.

Big hugs x
GS

How much of Rob Terry's first class flights fund did you and your family use?

Oh for sure @addinckt. Maybe I was unclear:-

- Stifle his gloating
- Ensure future victims of his opaque ways are aware.

Repulsive man....probably best just to stifle his visibility by not commenting.

Too funny: your first post.

And you know, that I know why you're posting it.

Hugs to Rob.
X

Listening to a general overview of the economies of the African continent, one fact which struck me:-

80% of Africa's arable land is uncultivated.

That's quite an opportunity as countries get their acts together to increase output.....and fertiliser use.

Evening Rocal: hypothetically I would agree although that would probably result in more victims.

Personally I'd rather his past was identified during the DD prior to launch, thus stopping him in his tracks. More than enough people have choked on his smoke and mirrors.

Sorry to hear that...many in the same boat unfortunately.

There's over £1/share in escrow which we may or may not get.

SFO decision will increase sp if/when they announce no charges against the previous directors.

More than £1/share cash in bank with reduced cash burn.

Plus the value of the ongoing businesses.

Significant ongoing buys by multiple IIs

For me, on balance, I continue to hold.

Greetings Clark.
You echo my sentiments...and saw how he responded to challenges about his generous use of company funds including for his family! Clearly considering that the company's funds were his own.

I'm just happy to have no further investments in his businesses.

I suppose the plan to float in the US is his way of avoiding notice.

Someone should tell him it doesnt work like that outside his fantasy world.

Evening @addinckt : he has no shame. The photo of him and his overpaid wife sipping champagne was.....obscene.

They believe they were misled; read their claim and then WTGs response.

I think they're absolute chancers...just after a settlement.

Hoping they're wrong of course.

Many thanks for putting in this effort. Very helpful.

Showing as a buy.

And half the country away on holiday in August.

I don't care what they run out of...so long as its not gin.

Half year report shows £1.20 ish per share in cash.

Escrow is a little over £1 per share

Plus whatever opco sales bring.

This leaves us over £3 before taking into account the SGH outcome and ongoing development of the two main opcos.

Half year report shows £1.20 ish per share in cash.

Escrow is a little over £1 per share

Plus whatever opco sales bring.

This leaves us over £3 before taking into account the SGH outcome and ongoing development of the two main opcos.

Very true sparkles, however the last one was £250k worth by Richard Rose at £2.57

The eventual sale is publicly stated if/When the right offer(s) comes. I'm not sure why directors would currently buy/sell or, indeed, if they would be able to given the ongoing litigation.