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Extended to April 2023, bit of extra certainty will surely help.
*move away from state pension
Fair point! However I think the government interference is purely due to a potential move away from state oensikn. Auto enrolment workplace pensions are for a reason, because in 30 years people probably won�t be getting a state pension. Therefore more pensions that have to be put into personally, and more funds and pensions to manage and deal for companies like LGEN. Surgey that cnt be a downside risk here?
Agreed! Thanks for all the hard work stupot!
£0 left by now mate!
Dire reading!! What's left at 31/10/15 isn't good, got a slim to NIL chance of anything being left now, bar the investments that are extremely illiquid. I think page 38 of 39, related party transaction notes say a lot. Clearly ran out of ideas on how to cover the black hole of cash so just put consultancy fees through. No wonder Drummond signed off the accounts then resigned, scandalous!
Toffeebrads, are you being serious? Reading your post I would have thought that you were not aware of the fact that Drummond was no longer a director of TEA, until I got down to the point where you state it! Unbelievable, how can you think that this is for no other reason than to cover his own back due to wrongdoings/corruptness/negligence or whatever else it was. Blaming the delay of the accounts on the shareholder action group is pathetic with the lack of activity that will be in those accounts, I could knock them together in a morning! This resignation following that circular I just cannot comprehend. How Drummond believes that this can be a good move at this late stage is astounding! This action just screams guilt 2 days prior to the EGM, clearly he darent face shareholders on Tuesday! If you are a genuine shareholder I think you need to take a long hard think about all the actions that have gone on, lack of communication, error after error, and now this jumping ship. How anyone can support the current BOD I do not know!
Signed and returned my proxy form supporting all resolutions!
As per one of my previous posts I do hope that is what happens! They need to be put in their place and held to account. I think if it's possible to get them for anything, that will be it, ramping the shares up while selling days prior to suspension! Insider trading is our best chance of getting them I would honk, but I doubt the accounts will show any evidence of fraudulent behaviour. Unfortunately!
Putting in money to cover some of our losses will not happen, fact. That will simply admit guilt. I'm sure the accounts are full of consultancy expenses, directors wages etc. which on the face of it look excessive to us for the very little work they've clearly been putting in, but perfectly legitimate. They will be awaiting the delisting with baited breath, and with that lack of even AIM regulation to abide to, they'll probably have a party! Turnover, staff and probably gross assets under audit thresholds, no need for an audit, submit abbreviated accounts showing extremely little on Companies House. At the EGM we may hopefully get full accounts but like I say, their fraudulent behaviour they will probably get away with and unfortunately my hard earned as just paid for a p*** up for JD and co!!
That's a great idea! Sell all the weak investments and use the proceeds for the legal battle with the previous directors! I don't care if I get nothing back now, I just want to see them held to account. I mean you couldn't write it. It makes it ten times worse that us shareholders have been fleeced by the directors because 1. They're rich anyway and don't need the money, 2. Ramping it up to high heaven while they were selling (not to mention insider trading, as if they didn't know they were in breach of the investing policy and had no other options) and 3. This was a company to aide the small PI's and put us on a level playing field with II's. Diabolical!