RE: Jav55 is back....did you buy back then?20 Nov 2020 19:27
I do not agree with you!
TB and PR are 100% wrong in what they did, the way they did and their intent! They did not give a damm if shareholders won or lost!
This has ZERO to do profits or loss, it is to do with the fact that TB was a major shareholder of 3 x PLC's and that is a conflict of interest!
I am neither at a loss or a profit, but that is not the point. If I had made 1000% profit, I would still go after TB & Co. What they have done is pure greed, selfishness and arrogance.
Lets get one fact right....Braveheart was under serious pressure as their investments outside of P2P are worth little according to their OWN ACCOUNTS!!
Trevor Brown needs investigating and he needs to speak up!!
100% Morally wrong, it is whether it is legally wrong. It would be a hard case to prove in a court but the evidence is in plain sight.
What I do know from 35 years corporate and SME business experience is this.
If I came to TB with a business that monitored wind turbines and had an Info Sec product/consultancy and said I have a unique mask.....I can guarantee with almost definite certainty that in any other situation TB would NOT put a MASK business with that business.
THAT is the issue I have. What TB did was selfishly put 3 businesses together that have zero relation to each other and then sell the damm thing.
TB controlled RMS and controlled Braveheart - there is a conflict of interest. TB walks away with c. £20M all because not one person could stop him.
Pure selfishness, greed and it must be looked at because as a director, he has got to to do what is best for his shareholders.
The debate here is WHICH SHAREHOLDER??? He could not satisfy both and ended up screwing 1 over the other.
He could have done what he did and NOT screw over shareholders but he chose to go for the money first. Then again, if you look at his earning out of all his businesses, it is not much! If you look at the cash that Braveheart have it is not enough to invest in the other 6 businesses.
I am of the view that Braveheart was screwed, as an investor had let down their investees and the only way out of it was to sell the shares in the one business they knew could raise money.
This whole situation stinks and I have already written my letters. Lawyers will be brought into this in the next 1-2 weeks.