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I think that might be a record fine for AQSE ... but mostly deferred and based on a few misdemeanours. AQSE must be investigating more complaints ready to hit TSP with that balance of £165k.
The trouble of course is this fines the Company (shareholders) and not the Directors but the Strauss and Lott's position us untenable now. They have to fall on their swords and let the NEDs bring in some decent management.
Probs all fled to Marbella
It's worse than that...
OH btw, they forgot to tell us about the legal charge!!
Placing a legal charge over the Company's assets is totally out of proportion with a small loan of £200k. The value of the (uncontested) IP, versus the market cap or where the market cap should be if TSP had not suffered such chronic mismanagement, should be way in excess of £200k!!!
Now who benefits from the Charge. Oh The Hub 2021 Limited, co-owned by Barry Sanders.
And Barry Sanders was a fellow director with Laurence Strauss at Charles Davenport Limited. Clearly a connected party. Larry gets his mate Bazza, to lend a piffling £200k against the total assets of TSP. TSP cannot repay and defaults.
Oh la la, Larry walks off into the sunset with the IP. A tried and tested scam.
But the IP is contested...
The current BoD need to go ASAP and if I had my way, they would not be passing 'Go' and heading straight to jail!
I don't doubt for one minute, that they have other shareholders behind them and my personal opinion is that yesterday's £100k was to cover their legal fees in defending the Requisition and not for payment to genuine creditors or for the advancement of FDA approval for Cervi-Lok.
If I am right, this is another example of self-serving and not acting in the best interests of shareholders!
That is a paltry sum. Enough for a slap up lunch maybe!
so many posts in here from insiders... SFO will have a field day
Have you seen this report yet?
LH.Claim.Group@gmail.com
When did he do that?
And our MCap is £32m...
Any reason?
Speeding ticket… shame !
I'm surprised everyone is so calm in here. Hope everyone is ok...
Wtf happened today
Very generous of you. Great note. Thanks for sharing
It's filling the gap in the chart... i was out and missed it... damn
sorry didnt see this. openly message me on twitter...
I always believed I would get back to break even but it’s so nice to be here. Now to hold and earn a reward for the pain of holding this so long.
I reckon it will come good.
Looking forward to next week…
GLA
Just saying…
Interesting… 4 PME’s and no Speeding Ticket…