RE: Poor Corporate Governance10 May 2023 17:48
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!