RE: It all went bad after the 20x 30p prediction11 Mar 2024 10:13
Regrettably, you are right Chancers, James Draper demonstrated a naivety and deceitfulness from Day 1. He has let so many people down. He offered places on his board of advisors to big names within the industry, in return for a share of the spoils. By his own admission he reached out to these people, they didn't come looking for him. Their association with the Company was insubstantial and misleading. He bought a good business in Pubguard, in exchange for shares and the promise of some future riches. He over hyped this business on every occasion, alluding to deals around the corner and future earnings that were simply not credible. Remember the winter break promise.
He wanted it to work, but I always sensed he suffered from imposter syndrome, I'm just not so sure about the syndrome part now. He ramped, he misled, he promised, he took a huge amount of money out the company, he drove around looking like the big 'I am'.
There isn't much more to say, really. He wasn't the Messiah, he was just a very naughty boy!