The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"What a lovely thing to say, never mind the employees who lose their jobs or the supply chain that goes unpaid and goes under."
Its the way I feel, pretty sure most employees will get jobs working elsewhere for a better company and I`m sure the supply chain has IRV on a pretty short lease after all the goings on.
The banks, Emereld and the BOD (who will get their nice bonuses) are the big winners, you`ve been pushing for this to collapse for ages so don`t suddenly change your tune!
From the chairman who let the company rot on his watch is it really surprising to see a grammar error in the last paragraph!
""our customes and our shareholders and unanimously recommend that you VOTE IN FAVOUR".
No they don`t! Pathetic, I hope the company goes under even if I lose a few bob...
I think over half the people who are in the SIP will vote no, even if they do get this through why would anyone take up the OO when even the BOD have said they won`t.
The company/BOD have shated their own people so they will shaft them back, administarion/de-list here we come...
This was already known and is nothing new, the BOD are working for the lenders [Emerald] and are doing everything they can to facilitate the outcome they want. They have lied and mislead for ages now, Emerald will get what they want by hook or by crook...Scare tatics to get the proposed deal through."“The truth is out – this is all about creditors holding a gun to the company’s head with management itself not taking part.”They said even today Interserve had refused to provide Coltrane's advisors with "basic requested information then has the gall to use our request to do diligence as reason for saying our proposal is not capable of implementation,” they said.“This self-serving, self-preserving behaviour is part of a pattern demonstrating how truly failed they are in their fiduciary obligations to shareholders.”
This has got nowt to do with the shorting of Carillion, this is stating that IRV have spent a ridiculous amount of money [£76 Million] on the same advisors who ended up taking the aforementioned into administration. Did they learn nothing or is something else going on!
"This self-serving, self-preserving behaviour is part of a pattern demonstrating how truly failed they are in their fiduciary obligations to shareholders.
Coltrane believes lenders have "acted as shadow directors throughout the process," they added.
Why doesn`t this suprise me, this has Emerald all over it.
Get the administrators in unless the banks/Emerald play fair. This caught my eye...
"Many of the banks that provided this insurance are the same as Interserve’s lenders, meaning that if they opt for administration, they could be costing themselves money."
Seems to me we have people working for Emerald on this board! Coltrane certainly don`t have all their eggs in the IRV basket, far from it! They just know when there`s a shafting going on...
The whole thing has been sneaky and underhand from the start.
In the blue corner we have Emerald Investment and in the Red corner Coltrane.
Wasn`t it Emerald who came riding to the rescue with the refinancing which turns out was probably as CC states! We know whose side certain execs are on...
At this point I hope Coltrane either succeeds or the company goes bump. It would be a good XU to the banks who want everything but give nowt back, those very same banks that lost billions [gambling] but got bailed out! Who are part owned and ran by the same cronies that run the country...Why is nobody asking where all the money has gone. Sure EFW has lost say £300 mill, what about the other £400...Bank charges and accountancy fees make up a nice chunk.
At this point I`d rather take the full hit [not much]. The only thing I don`t like is the fact many workers would be out of a job.
This is what`s so ridiculous, we can see it happening before our own eyes but is anything ever done about it? No! As soon as the murky hedge funds get involved it`s pretty much game over. They control the company and the banks [to a certain extent], have massive influence over the press and can play it so they make as much as possible.
I wouldn`t be surprised if the BOD were in on it as well...
What I still find unbelievable is that the previous "top dogs", Ringrose and Haywood have had pretty much nothing to answer for with regards to the mess they made/left!The efw contracts were part of a government initiative to recycle more and utilize things that are recycled more!
It has been an absolute unmitigated disaster for pretty much everyone involved.If the company goes bump, it goes bump, I feel for those who have a decent holding in IRV [I only have a small amount] as they have been mislead by upper management for what seems like forever...
I`m certainly not going to revel in the misfortune of others...GLA
What I still find unbelievable is that the previous "top dogs", Ringrose and Haywood have had pretty much nothing to answer for with regards to the mess they made/left!The efw contracts were part of a government initiative to recycle more and utilize things that are recycled more! It has been an absolute unmitigated disaster for pretty much everyone involved.If the company goes bump, it goes bump, I feel for those who have a decent holding in IRV [I only have a small amount] as they have been mislead by upper management for what seems like forever...I`m certainly not going to revel in the misfortune of others...GLA
Where`s the problem though? This applies to both staff and contractors and if anything shows IRV doing the right thing by hopefully helping the pandas get it on. Lets hope for the pitter patter of little black and white paws...
Seriously...are you having a laugh! Anything for "bad news" eh.
Fair enough Conexpert, the name would suggest otherwise!..............only joking :) , I totally understand where you`re coming from, the right decisions need to be made [not rushed], the company can then get back to some sort of even keel and move forward. This whole mess [amd it was a mess] was created mostly by the previous BOD trying to jump on the EFW train without really having any experience in the field.
This stock is being played like a banjo at the moment and has been for quite a while. There are companies who have people working the internet to influence a certain share price they are assigned to. Somewhere in the middle is probably what its worth at the moment, so IRV [with no divi] is probably worth between 65-75p.
As opposed to your doom and gloom sell at the earliest opportunity outlook! Like I said before this share at the current time is just sailing around, not really pushing above 80 and not going much below 70, at least without any divi being paid. Maybe they`ll go bust in a few years time, maybe they wont, maybe they`ll get taken over, hopefully the BOD can get the company out the mess the last lot left behind. p.s. I didn`t buy any of this share but I own some...
Really getting boring now Meta! Anyway my view is we`re still quite a while off this moving from the current position. The fact that dividends have been suspended doesn`t make it that attractive, if the balance sheet starts showing positive news then it will start to creep up, albeit slowly, with maybe more bumps here and there. The stock is being manipulated by funds at the moment, how long that will continue runs with the state of play...
A lot of this current mess stands at the door of the previous BOD, the energy from waste was a complete cluster #### but is nearly behind the company. They have a plan, lets see how it pans out, its certainly not going to be unicorns farting rainbows but there is hope there.... Ex How+MTM so iv`e seen many ups and downs ;)