Member Info for GrumpyScouser

Have you even reviewed the stream of rns's from IIs who have come on board/ increased their holdings? If you're on about PI's, youre too late for that game.

@Dar: NOTHING will change this for the better under the SFO/SGH issues are resolved...so just keep running the business and growing until then. 2yrs at least.

SGH are responsible for claims on their own behalf. The SFO represents itself, not a company listed on the ASX. Two separate issues.

SGH owners have plenty of cash to fund this. 2019 at the earliest....unless of course the SFO close their investigations before then with 'No fraud found.'

It will go to court: sgh owners are after a cheap gamble: WTG are resolute in their position.

2019 at the earliest if it goes to court.

@Total: I owe you an apology. A 3 yr old account yet the contents of your first post on WTG were consistent with numerous phonies we've put up with. That said .....youve had plenty of opportunities to get out earlier, including with your original capital return. There's a balance of blame for what has happened as well as personal responsibility to address the situation.

Feel free to write to him yourself if you know who he is ;-)

Having noticed they are no longer listed on the website, a quick check with the company clarified that they were sold this week. £2.5m with a net £1.5m expected as the final cash in the bank. So this completes the sale of the building services companies; eliminates a loss-making and no longer core business; not notifiable by RNS as it's not price sensitive/significant. Details will be covered in the next trading update. Once again: doing what they say thiey will do ;-)

What an unusually well reasoned 1st post.

https://www.linkedin.com/feed/update/urn:li:activity:6286111804523454465

Morning Dar- I have absolutely no idea :-) It seems clear that Grech and his team's incompetence has got them all into a bit of a mess. The SGH shorts have virtually all left over recent weeks and without driving the price up: seems they knew something was about to happen....no surprise there. They've settled one of the class actions: this doesnt really send out a signal that they are totally confident in their position, but it effectively 'shuts up' the poor old shareholders at what is still a peanuts sum for the new owners. I'm guessing they now want to try to settle with WTG; numerous posts on HC appear to suggest that they just want the escrow money plus anything else they can get. Personally I still dont expect this to happen: at the AGM this week it was very clear that Stefan Borson (Legal Counsel and CEO-elect) has a very clear opinion on the validity of the claim and is in no rush to do anything rash. In the meantime we can continue to grow the business and play it out. As time drags on and the SGH remaining directors and management go or lose motivation, their business will just slide downhill so they buyers may just want a quick turnaround and sell it off....why would we now rush to settle? All just an opinion: based on numerous posts/boards/personal discussions.

Good news: this debacle couldn't better illustrate his incompetence. Bad news: for all those PIs who have been wiped out by his ( and his world class team's) gross mismanagement.

Thanks for sharing. Since the company will be unable to return cash to shareholders until the SFO and SGH cases are resolved, I think we're going to see more promo/articles like this. IM has sold off the junk, restructured, re-branded and given focus to a clearly defined set of opcos, as well as developing and launching new software solutions for Innocare Software and Hubio Fleet. These are now in, or moving towards profitability. Nothing will be sold off in a fire sale......they'll continue to build them (boring, sorry) until the SFO & SGH issues are resolved, then if the right offer comes in and is approved by shareholders, something could be sold.....and the cash return to shareholders.

The price increases for a few minutes, then two identcal trades go through as sells.......just like yesterday. Someone is still spending lots of pennies. Another RNS due I think this week.

........ahhhh NOW I understand ;-) Thank you.

@ayuyn: thanks once again for such knowledgeable posts. Your intimate knowledge of the situation whether directly (as a former employee) or indirectly (as a professional in the industry) is refreshing. Do you post elsewhere? The shareholder group would welcome insight like this, but unfortunately LSE doesnt allow posting of that forum name on here as it competes in some ways.

I do wish LSE had an edit function for careless posters. The title should of course read 'leaked'

One noticeable point regarding the documents released today: these are not the public versions, but those issued by SGH. Someone has 'accidentally' leaked them ;-)

I'm absolutely delighted at this news: frankly, I would never have guessed this was in the works. Fantastic lol.