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This isn't intended to be a moulding rant but
...is there a clear steing case for breach of fiduciary duty here? The main legal test seems to be... has he acted in or against our interests?
When the new chairman was appointed there were statements made to the market on more rhan one occasion that a strategic review would be completed in 6 months. This was not done and a new date was not given so it could hardly be argued to be delay. Many would have invested or stayed in on this strategic review comment and the clarity it would bring given the mishandling of this.
Now 18 months on it's not been delivered, no new date given and many investors are complaining about its omission. You could strongly argue mouldings actions as CEO and the conteolling mind have gone alot further to actively create alot confusion with his implications of... this listing here, that listing there and there waiting for the other and linked in rants tat ckearky undermined the entity histing his investors. The case fur delay in oremium listing has not been articukated when it coukd be dine now.
This has clearly impacted share price which could put moulding in a personally advantageous position for an MBO or VC sale which he has a new vested interest in at the expense of mainly the 35%. There has clearly been a loss suffered because of this. As CEO he has neglected as a minimum or worse actively brought confusion rather than the clarity he promised.
I'd like views on this from those more familiar with the companies act but a corporate lawyer I've spoken to thinks it's a good case for breach but clearly the timing of any action would be better after a corporate event than now
It's simple. It's a trust problem.with 7 guidance misses in a row and last years result shocker with 500m write down. Plus the the q4 trading miss when 6 weeks befilore they wre saying all ok. Plus the promised strategic review from chair must now be a year overdue
If I approached my job like this I would not be trusted probably fired a while back.
I think you need to read what you said. The fact we put our own personal wealth into these people to pay their wages together to deliver the baaic fundamentals of results for us very much entitles us to to have opinions. The fact you challenge that is bloody bizarre. If you accept our money then you accept our opinion.
Like watching all the falcon 9 early launches. The excitement this could be the one then disappointment then he pulled of the specavular with the heavy and wowed us all.
Start of sum of parts. Nutrition worth at least4bn 2.50p on ots own right. At least
Exactly how overdue is the chairman's strategy update now? He fornally announced it would be delivered 6 months after his appointment. Another bloody moulding promise!
Now this results a surprise.
Coupled with telegraph artcicle. I'm nervously optimistic. There must be a reason. Everything has a reason.
It was 100% his brother. I remember it well. He claimed on here to be his brother but posters were saying he wasn't.
I devised an identity teat amd asked him to agree a pre planned post on his Facebook (not instagram) account. We agreed at 5pm he would post a pic of him and his daughter.
This is exactky what he did proving his LSE identity. Its all there in.my posting history to check out. He then got a bit of a mauling and removed his account. He hasnt been seen since but I strongly suspect he is on here under another alias and think I know who it is
Agree. Been here 20 months now and frustration with him and his performance just showing, not I'm not going anywhere given how cheap this stock is. We are just venting and let people vent as some have been hit very hard so its understandable. See the bad mood now all over all
the boards and kinked in. Even the loyal telegram lot are annoyed with him