RE: RE: Rescue offer turned down2 May 2018 10:47
See below - as emailed to Business Editor of DT last night .
I refer to the front page of your Business Section this morning which again brings home how Private Investors in Conviviality have been appallingly treated and to be frank the situation 'stinks to high heaven' .
The collapse of the Company in such a short period , the lack of financial controls within the BoD , the sudden �30million tax bill , the sizeable share purchases by the CEO and CFO to draw us in - and supported by the likes of Questor who indicated this was a cause for further investment .
The exit just prior to suspension by certain financial institutions , the BUY recommendation by INVESTEC ( the nominated adviser ) ; the lack of 'insight' by KPMG as auditors .
In view of all of this is it not a fair comment to suggest we have been duped ?
The Pi�s acted in good faith in supporting CVR - we have been 'taken for a ride' and simply 'dumped on the roadside� .
I have since complained to Investec , to KPMG and Conviviality . I intend to forward the complaint onto the Financial Ombudsman . Realistically , what chance do we the Pi�s have as a single voice ?
But allowing for the above article and lack of regard for shareholders , is it not reasonable to request that the DT move on from the � mia culpa� stance on the poor recommendation - as per Questor articles of 13th April ( and earlier 6th April) - and to instigate a campaign on behalf of the Pis who invested on their recommendations
An earlier article in your Business pages on 30th March was headlined Watchdog �must investigate Conviviality� . What has happened since - as the Company entered administration with indecent haste ?
Please please demonstrate the strength and might of the Press and the merit of investigative journalism and support us in seeking some redress for this scandal .
I hope to hear from you on this