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@CLUED you write
OMNESINVEST, Reading your message with interest and I just offer my humble viewpoint. Yes, Trevor Brown made himself a lot of money. If he did so legitimately, ie without using any amount of dishonesty or lack of morality (forget the UK Law), then fair play to him. However, if he gained his large winnings by any form of dishonesty, then would you really want to be him (assuming you're an honest guy who wants to do things ethically, etc...) ? I wouldn't want to be him because we all end up on a death bed eventually and have to face our demons.
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Only a thorough investigation by the FCA will determine the truth in this life......in the future life, TB will face his demons!
TB either knew exactly what he was doing, in which case he is guilty of malpractice OR he did not know what he was doing and therefore he is guilty of utter incompetence.
With your maths......6p - 1p = 100%
btw - THE INTENTION of my metrics is to make a point. The RNS's led us to believe this was a company that was in control of its business and was going for growth. That was not the case.
My net loss is 72%. at -50% I start asking questions and making decisions. I stuck with this share until the recent announcement.
RMS plc will not exist in its current form and the cost of being listed on AIM is unsustainable for the other 2 businesses and therefore RMS plc is unlikely to keep its listing.
This is not deramping, it is an opinion based on the numbers in the accounts of ALL 3 businesses as it stands today!
Guys, the maths is simple
1p to 2p = 100%
2p to 3p = 100%
3p - 4p = 100%
and so on.
If you buy your shares at 5p and they are now 1p then the drop = 400%
The shares peaked at c.7p and they are now c.1p
Work it out here if you do not believe me
https://goodcalculators.com/stock-calculator/
I find it hard to believe that people cannot see that this share price has share price has dropped from a high of almost 7pm when Trevor Brown and his cohorts sold great chunks of shares making millions for themselves or the companies they controlled.
You write....
Why are you going on about TB? He (they) are not part of RMS anymore, and anyway he's too busy with BRH and CMH at the moment. Yes they suckered us all in, but this is tech and it is a company and there are sales. Patience.
We have a new Board of Directors. We are looking for a new CEO as stated in February.
Coming on here and going 'yeah yeah yeah i sold this sucks' means you are just traders looking to get in lower but based on opinion or got suckered in an didn't do your research properly. Not sure if you are aware but all the weak holders have gone.
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I am not, and have never been a day/week/month TRADER. I invest for the long-term based on fundamentals and I work them out BEFORE I make an INVESTMENT.
I judged the fundamentals 12 months ago......and based on all the RNS's that were coming out of RMS by Trevor Brown and his team, there was no reason to believe that over 12 - 24 months that RMS plc would be a healthy business.
As I have written many times, Trevor Brown was either deliberately misled, was misleading others, or had a clearly defined strategy to SELL P2P (which he controlled) to RMS plc, (which he controlled) to personally enrich himself. The commercial and strategic arguments for this point of view are not difficult to prove. I do not believe for 1 minute that the intention was to grow this business. Trevor Brown was forced or thrown out and this was due to the greed over the issue of warrants and for presiding over self-serving decisions that were in the interests of 2 x groups of shareholders; an ethical issue at the core of the RMS story over 12 months.
I would have stayed with this share for 3-5 years, but after almost 12 months, it is evident that someone somewhere, had a strategy and this is reflected in the share price and the strategy that is now being proposed to put P2P as a separate entity.
Having been in senior management roles for 20+ years, the level of insouciance by the previous BoD is incredible. The numbers DO NOT LIE!
Trevor Brown walked away with £18M for Braveheart Investments and promptly paid a special dividend that netted him millions and has presided over a crashing share price with Braveheart Investments .
The TRUTH is only known by those on the inside, but in my view, the case against the previous BoD is not difficult to prove.
I am out because my ££ is better invested elsewhere and not with a company that need restructuring because of either ethical management decisions or incompetence.
I wish every LTH the best, and the current Board and future CEO success but I will take my ££ and invest elsewhere.
Red Flags Ignored! Lessons Learnt!
I'm out!
How can you have a 500% reduction?
Zero pence value is a 100% reduction.
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Simple! The SP was 7p and now it is 1p give or take some % points!
Trevor Brown IS OUT but he created the maelstrom that exists now because he wanted to cash in............well out actually which he did handsomely!
100% concur with ALL that you have said CollegeDoctor.
Truth is, the moment that TB and his Cohorts planted P2P into a listed company that they controlled, the red flags should NOT have been ignored!!
As Warren Buffet Says, if you cannot deal with a 50% drop in share price, don't deal. Since TB pumped this company with his total lack of attention to detail and complete disregard for PI's it has been a walking-talking-living-dunce.....with a 500% reduction in share price!
Immoral and unethical decisions by Trevor Brown has put hundreds of individuals into losses AND weak or oncontrollable management.
P2P will eventually get its act together but as they say on Dragons Den..........I am out!
The stockmarket always surprises.....
Great Story Johnnski - this is what the AIM market is about. Lets hope over the next 6-12 months, your retirement will be one of superior financial health!
All the best.....I will be thinking of you when this share gets to where it should be!:-))
The message was written
This "company" is controlled by an opaque offshore vehicle (CCCAL) connected to Lance O'Neill.
It is barely solvent. They've had about 15 placings since IPO!
It has a significant net working capital deficit. This in conjunction with being unable to generate any cash makes the shares completely worthless. The equity has nil value.
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BACKGROUND to controlling shareholders!
http://epfshareholders.org/links.html
https://www.share-talk.com/alessandro-zamboni-ceo-of-supply-me-capital-syme-l-exclusive-interview/#gs.vuljb0
IF......you are invested in SYME and fail to listen to the DETAIL of what AZ says..... you are doing yourself a diservice
IF....you are thinking of investing then listen to the DETAIL of what AZ says....you will be doing yourself a favour>
AZ background is regulatory!
FCA was NOT an investigation, it was a deep discussion to understand their business model in essence, and the FCA ALREADY had Greesill on the radar!
Your profits are in the DETAIL........not the BIG PICTURE!
quite agree...but we can make hay while the sunshines! The challenge is always "when to buy" and "when to sell"
@nursesteve you write
At what percentage is the threshold when a holder has to declare a bid for the company?
(Not anywhere near that myself though! ;-) )
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30% is the answer and therefere JPM are a very long way from that
This is not FAKE news but neither is it NEW news!
http://paraytec.com/products/
It is not
@Richardriddick...you write...
We all know the risks when trading/investing in AIM shares. Unfortunately when we invest our risk is centered around quality of product, is there a market, does the product fit the targeted demographic, risk and reward, ect ect. These masks IMO meets all of that criteria and should have been a shoe in for this business and us investors. However what i certainly didn't consider was the dishonesty, arrogance and incompetence of this BOD and there disregard for all but themselves. Just sold my not inconsiderable number of shares and TBH quite relieved. Made a big loss but partly my fault for getting greedy at 6p and for still hanging in there when the signs were clear to see. Wishing all of my fellow investors good luck if you stay in as it may still come good
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100% agree!
100% agree!
The new Chairman and Non-Executive have been trying to sort out a sh**show and a sh**storm that was created by the short-term greed of TB which in my view is both morally and legally indefensible!
I am glad that he is out, but do not believe he should be paid to go! That being said, legal contracts are what they are and being given 8M shares is better than having him hanging around.
The FUNDAMENTALS of this business have not changed. It is time that is required and this means that LTHs benefit in the long-term.
As to the STHs...go and trade away......make your pennies and pounds, it does not alter the business fundamentals of RMS plc and its THREE constituent business units.
Your info is out of date, but in so being, you have missed the negative impact on PI shareholders who have been run ragged by the Directors of Braveheart. You are blessed!
Add me into the RMS Shareholder Group if you can Lotto. This is an excellent EGM idea
44677790870