RE: sold out6 May 2021 14:58
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!