Member Info for mpg1

Yes I remember disliking his comments but I couldn't see it..... Fair play to him for not coming on to gloat. No comment from jolly either!

I predict that the stock, which was suspended last week, will never open again and the company will soon file for bankruptcy, just like what happened in July 2014 when Gotham City Research published a report showing that Spanish company Let’s Gowex was a fraud (http://www.bloomberg.com/bw/articles/2014-07-17/spains-lets-gowex-implodes-after-short-seller-exposes-fraud).

you can rue out a buyout as first we need to asertain how much cash is left in the business. I would have thought that they would be independently audited and then if there is still a business it would start trading again. The QCM report said about half the business is real so may be able to salvage something. Im not too confident though

if the business is mostly a fraud? seems very strange

Ash, the selling of his shares is a clear admission of guilt. I'm down big time but you have to see there's no way back from here. I await the next rns saying he's plundered all the cash if it existed or simply that it didn't exist at all. God knows how be pulled this off.... I don't expect to get a penny back here.

relocate to the US......probably holed up in greece

Agreed. I got totally sucked in here and eat my words!...... this company is completely finished. The auditor hasnt done its job at all.

to get out in profit. Institutional buying has panicked the hell out of this fund manager who will lose his pay masters x amount of million when the SP goes up to £1 and beyond in this fast moving well run company. There is extreme skull duggery going on here which needs to be investigated by the FCA and the fraud office. I think a combination of forum upping their stake to say 20% and a share buyback of £25m and director buys who instill a huge amount of confidence and the shorters would get burned. In 2012 OCADO was one of the most heavily shorted stocks in the market. Sentiment changed in early 2013 and the result of all of the shorts closing was the sp rocketing from 60p to £6........ The only reason this report has been compiled is to hurt a good company run by management who have plenty of their own cash at stake. Once these rumours are put to rest and trading restored my recommendation is do not sell as you will regret it. gla

would be to buy a shed load of stock at the lows......... I reckon 30-40m volume today

I hope so. This report gives globo the chance to silence its critics once and for all. If all allegations are thoughroly dispelled I think the so could climb to the year highs again in a fairly short space of time. Surley posting defamitary information on tw site could amount to some legal action..... Hopefully not knee jerk legal response. Gl

They are basically trying to say the business is a scam. It has only just been released so the team at gbo wont have enough time to prepare a detailed counter argument. I think it would be best if the stock is suspended until monday which will give them enough time to counter all arguments and also prevent the shorters banking profits and damaging the sp. any thoughts? what do you reckon jolly?

Globos audited accounts tell us what the company is worth not some dossier compiled by a short seller trying and suceeding to panic UK private investors into selling their shares on the cheap. Globo have a significant amount of cash in bank and have been making aquisitons using cash not shares! The CEO owns nearly 19% of the company , do you really think he is going to be risking all this by cooking the books? Good luck to all holders!..... Strong buy!

Anyhow...... Onwards and upwards

Not if they want to grow quickly and also pick up bolt ons.

Costa's also has some serious skin in the game holding 18.67 % of the company. It will be interesting to see if forum buy on this dip. Gla

https://www.fool.co.uk/investing/2015/09/29/are-globo-plc-and-findel-plc-set-to-double-or-halve-in-value/

This part of the accounts states over 82m euros.....is tw saying that this has been faked?. This would amount to libel.

great summary anudak. The cash balance would be easily check-able on a bank statement so I don't think there is cause for concern there. i think ennismore are in for 7% of gbo so they could well be trying it on. I just hope it doesn't get too messy. If they try and close out around 30p we could be in the forties in no time! I actually sold out of qpp today and increased my holding here by 50% just before it dropped so i will be keeping a close eye on the bbs for the rest of the week. The past 2 years globo have delivered and all this negative sentiment spread by the likes of TW has really held this back as we would be nearer £1 by now. good luck all holders....... i am going to sit this out!

Who are the major players in this sector? Globo are an unloved company alright! However they have their accounts audited so wouldn't any anolomies have been picked up?

What report