Member Info for jl5006

The reality is that for someone to gain someone has to lose and the MMs in the middle can't lose. William Hill, Ladbrokes etc

That Rns should really shore up the SP.. All of 132 shares tho' as I write SP is up 0.35%

You have a lot to say for a holder of a few shares. Vulture day trader who was caught out by the suspension. As I said before empty cans make the most noise!

Stop wimpering. Get a grip. Thought you made some fair comments early on but you seem to have lost it. If you invested �3750 as you say you did then its a bit like Douvan yesterday at Cheltenham - looking good but didn't finish. You must have pots of money to invest on a whim.

positively. Non holders are happy to **** off the directors and accuse them of all sorts. Empty cans make the most noise. Some are just sitting on the sidelines waiting for the lowest entry point - I have never managed that - others just joining in the criticism. We will have to wait to hear from BOD. We don't know the problem - neither does the Times I suspect. I was a holder before Mathew Clark and Bibendium. This BB had little if any comments - indeed the acquisitions provoked little comment. Now CVR has a flock of watchers many baying for the kill.

None of this makes sense. The total included in Apr 17 accounts for outstanding payables relating to Soc Sec and other taxes was c�20m. M Clark was acquired in Oct 15 so unlikely that there was an issue there which was not identified by April 17. Bibendium was acquired in May 16 so any accounting anomalies should have surfaced by April 17. But notwithstanding that balances should have been audited before they were incorporated into Conviviality it may well be that the systems of the merged companies ran in parallel initially before being integrated. Conviviality will have its own Internal Audit function and it should have conducted a thorough systems audit before and after the acquisitions. The External auditors will also have undertaken interim audits to gain assurance that internal controls were in place and working. Walk through testing should show if the controls are working or not. Directors rely on Internal and External auditor testing to evidence that the systems of internal control are in place. ( Budgeting and forecasting should be included). Monthly management accounts should have shown variances. The VAT account will incorporate all of the amounts due relating to invoices and credits relating to purchases � all coy expenditure. There will be a VAT control account also. So why the error -�30m -unless there is something along the lines of Tesco and the accounting for discounts. The cash flow statement for Apr 17 has no detail and the payables note lumps Soc Sec and other taxes. Tesco came through it so can Conviviality but it would be nice to know what happened. We may well have to wait for the annual report to know more.

The holding Rns disclosed that the OM holding reduced on 8 March.

Oh dear. Cash flow is what it says it is. DYOR

Must include cash flow - that is part of the systems of internal control - this identifies ST borrowing requirements. How would you manage without it and how did KPMG miss the weakness?

Yes BOD has responsibility but so do KPMG. KPMG have to get assurance for themselves that the systems of internal control are adequate and functioning. It beggars belief that such errors (failures in the systems of internal control) were not identified. KPMG audit comment was: Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - Adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - The parent company financial statements are not in agreement with the accounting records and returns; or - Certain disclosures of Directors� remuneration specified by law are not made; or - We have not received all the information and explanations we require for our audit. Nicola Quayle Senior Statutory Auditor for and on behalf of KPM Is this another KPMG disaster? I see PWC are assisting the company as per the Rns.

Over 1,500 transactions, more buys than sells involving 2.5mil shares and shares down 2.5% plus and just 2 hrs into the day. No suspicious transactions then?

c2500 transactions, no news to support any real interest, no significant individual trades - per HL - yet down c3.5%. BOD - this a joke! Are your major shareholders happy with this shambles? Please let us know that they think this is the appropriate level. Then LB remuneration package needs to be diluted!

8 major IIs hold over 50% of shares. No disclosure of reduced or increased holdings. Meanwhile ramraiders are in. Cash and grab and run. FCA just let these things happen. Is there ever an inquiry into suspicious transactions? An inquiry at the time and not years after the event!

Think these are just deferred publications deals Sint & Xoff as per London St Exch. Don't think these are mates deals. Not found any MMs matey - have you? GLA for tomorrow.

Wheeler 1 As I said not so long ago - on this BB -some believe the dream never ends. Reality is what you can see. I lost my money and you have lost yours. That is the reality of the situation. You can't expect someone to dream up a location science data exclusive when there are so many others way ahead. Are you invested elsewhere where the company has real regard for PIs? I haven't found any of my investments caring too much about me! Nevertheless we all hope.

Is today a school holiday? - it seems so with the kids stuff seen today. Thought CVR were outside the general troll kid style stuff. Generally very little since the Conviviality Retail days. I'm sure they will tire - as long as we ignore them. They say a week is a long time in politics - those patient enough to wait and voice sensible comments here may help those suffering the sharp drop. Rebuilding confidence is harder and takes longer. The basis is there and the acquisitions over the last two years need to fully embed. The honeymoon is great for newly weds but the following two years are more difficult. Patience. Invest wisely - and this could well be a very wise entry point. GLA

Just for info. Not sure this helps http://www.dailymail.co.uk/home/search.html?s=&authornamef=Neil+Craven+for+The+Mail+on+Sunday http://www.dailymail.co.uk/home/search.html?s=&authornamef=Neil+Craven+for+The+Mail+on+Sunday

Ignore! Wrong board

Just for info- does it help explain?? I think not http://www.dailymail.co.uk/home/search.html?s=&authornamef=Neil+Craven+for+The+Mail+on+Sunday

Have to say that the further funding can only grow the business. IIs only - too long to get PIs to fund. Talks of takeover - no - there are so many other involved parties - there may be further disclosures which will enhance SP. Patience may reward - but we take it as the flow of info comes. A breakthrough may provide a real plus - nobody knows - �2k investment let it ride.