Member Info for Onthemoney

The BigSofa deal would have been fantastic. Please disregard the muttering of those making bizzare claims of the company having only ever just been an algorithm mystical company. If the deal is dead, there are other tremendous companies out there looking for development investment, the only chance we have of seeing any of our money back is to make the ' right decisions' at this stage. Experience directors with the right business contacts can make all the difference.

New World are now forced into a voluntary delisting and its quiet reasonable for investors, based on history to fear the worst, but if NEW has retained significant cash and has a legal claim to secure reinbursmnet of loans from BigSofa in addition to retaining the services of Adam Reynolds then all may not yet be lost. Ben turney achievmnets to date have been exceptional and we shouldn't lose site of his and the Action Groups work in the light of the toxic debilitating disclosures that have seemingly destroyed a potentially excellent tech RTO. I say potentially, because I believe there could be a few more twists in this stories tail yet. If New delist with a significant cash pile and can retain the current directors, they will have the cash, far less red tape, reduced company fees, free from the many AIM restrictive practises and more leeway to negotiate with prospective partners. The normal conditions for companies de-listing is based around borrowing too much and not being able to reduce debt by selling more shares. New may be in an enviable position of having cash ' to splash'/invest ( on the right company). There have been growth companies that have de-listed and bounced back to become billion pound enterprises on the Nasdaq, namely General Growth Properties and OCT Markets Gropus to name a few and nearer to home Tim Watts (CEO) Pertemps Ltd and Chairman of Network Group Holdings chose to de-list in an effort to grow his group of companies, outside of the regulatory constraints of AIM with ambitions to eventually apply to the main markets. Ok, there is much debate among thoes entrepreneurs who regard costs of between 400-1m affiliation on AIM as worth the gamble but many who suggest not. The Asos 1.6bn success and Belvoir lettings are flagship AIM companies but de-listing with the right management team doesn't necessarily signal the end. Deny Scott (CEO) DCS Europe pharmacuitcles distributions 128m annual sales, 1bn company strategically elected to grow their business utilising private equities. Al Gosling launched 'The extreme sports company in 1997 ( didn't choose to float on AIM) and argued at the time that " the extortionate costs and red tape and broker power where counter productive. Needless to say, the Extreme Sports business is hugely successful and a one of many testaments to the shrewd investments from private companies. NEW business course has inadvertently changed but it's important to retain directors at the helm who have the acumen, integrity, contacts and experience to ( secure the best ) private investments in fledgling companies with potential. If shareholders decide 'in their wisdom' to part with the services of Reynolds, we might find ourselves with cash and creative Action Group members but little clue how best to ultilise value from out new circumstances. Adam Reynolds gets my vote and hopefully alongside the full / majority support of BEn and the Action Group.

"Simply put it is in their interest right now to de-list (definitely not in ours". What a load of hollocks. The current BOD were courted and invited in by a very proactive Action Group to rejuvenated a company that had been totally ravaged by the previous corrupt, disingenuous and stupid BOD antics. The odd duffer and the a few 'geek space cadets' rambled on about the perils of getting involved in a technology play and their wishes to seek interests in oil explorations instead ......get reall !!!, the company was in ' busted flush' mode and pursuing oil exploration plays. With the huge investigative costs involved ( often to discover zippo) quiet rightly was ' kicked to the long grass' in favour of the Adam Reynolds recovery involvement. The company may will delist, due to the unravelling of toxic business transactions of associated members and questioning of the legitimacy of past actions. I'm sure a delisting is far from what the current board would have wanted, so inferring that they would somehow seek to take advantage or somehow see benefit in a situation likely to be forced upon due to past maladministration is bizarre but in keeping with your ridiculous commentaries to date.

I should say when posters are asking for feedback on letters having claimed that the BigSofa business is no more than a glorified algorythem I'm not sure if their posts can be taken seriously, but hey ho. If there is any semblance of a chance that this deal being rejuvenated, the BigSofa will have to.be as keen as AR, as I believe they are, to work something out. From the BigSofas perspective the advanced and previous loans from NEW have enabled them to sustain running costs, push their American initiative and secure the severvices of several high quality senior management appointments showing ' seroius ambitions'. Few companies would make such bold moves during the midst of RTO negotiations with the possibility of the deal falling through if they were not ( extremely confident) at the time. The conspiracy theorist can 'park' any thoughts of BS looking for an out, make no mistake about that, IMO the announcement to halt talks were bitterly regretted and might explain why news didn't break at the AGM. They were reluctantly left with no choice, but that doesn't mean the deal is totally dead. If thoes lawyers could confirm there intentions to pursue NEIL Patrolium and others seeking to win recompense for aledge money laundering and stonlen bank funds, with figures in excess of NEW current cash position then the company will be in dthe eadlock for a long time. I would be surprised if NEW have not brought in legal teams with the intention of discrediting such claims or at best arguing that " the claims made are without foundation" and therefore no grounds for the deal to be quashed. Conjecture only until the actual story unfolds.

So as predicted, the supposed major ' disturbing information' that the doom merchant posters suggested that Gary Billivant was going to reveal which might question the professional and ethical integrity of AR and NL management of the now debunked BIgSofa RTO was related to AR fathers involvement in the business proceedings. This involvement according to Bullivant warranted the election of another director deemed to be independent and able to ensure business equity of procedures. Well no need for his quintessential inclusion now. AR and NL have come under criticism from the usual suspects here, but as I talk to more people familiar with the RTO difficulties I become convinced that contrary to those suggesting that it was failure of their ' due diligence ' to identify directors business credentials, it is just as and probably likliy that their probing actually unearthed the improprieties as indicated in TW. Unsubstantiated summary. The publicly which would have alerted companies to the BS potential won't harm their progress medium term as I expect if the NEW World deal does eventually prove to be dead, they will secure the relevant funding fairly quickly. It's not over until the ' fat lady sings'.

crotch, I'm a bit amazed that considering what appears to be unfolding now would make the counter espionardge and under table goings on in a James Bond film look like Spongbob, more haven't highlighted the disgraceful scenarios and antics from the privious administration when attempting to incredibly almost exonerate them from wrong doing in the aledged crooked past dealings of a trusted business colleague. Their past is totally tainted and they deserve 'No benefits of the doubt' based on their recent history. Yoshie and others enquired as to if there is any hope of a deal resurrection, because I know they were able to look past the rug pullers and smoke and mirror brigade led by their Borlo and co and identified the real business potential backed by the Action Group. Some have quiet reasonably suggested that AR could pack his bags and walk knowing that his phone will " ring off the hook" with companies desperate for his team to turn them round, but I'm confident that he will continue to try and pull this round, even though the odds are stacked against them.

Proved to be !!Cobblers!! even :-)

I think that assertion will be proved to 'cobblers' when the real story unfolds. Everybody loves s scapegoat!!!

This seems likely to be beyond any future initiatives of the Action Group. It's now seems up to the judgments of third parties.

Once again the AIM market doesn't cover itself in glory and talk of the casino syndrome and the almost rouges gallery of poor and incompetent BOD's and CEO's juxtapostioned against an alarming cases of regularorty lethargy is astounding. AIM seemingly have little influence or control over the sometime CosaNostra style antics and it often appears that they are the wagging tail as opposed to the dog in the partnership. Why there was no major investigation after the NEW debarcle beggars belief. Do I believe the labeulbeniomycetes previous board were innocent bit players and without knowledge of the suspect dealings of associates No I don't. Even if only one person had suspicion and didn't raise concerns that enough. A few posters having jumping about BigSofa having to repay recently acuquired loans, don't think there can be much argument there, but having swallow coffers is the least of our worries if further investigation revealed of past administration improprieties. The problem investors have is multiple. Firstly if there are, and it's not suggested at this point 'but this is AIM', say accounting irregularities that emerge any return of monies will fall straight into the obis and hardly help visions of reconpense. You've all seen the 2 year suspension madness at WRN akin to the blind leading the blind and apparently only ( the one eyed dodgy directors being kings) while investors are lefty hanging and no sign of of either AIM or regutary body adjudication to speed a solution ....."after all it's only mug punter investors" seems to be the attitude. You've also witnessed the shames at Quindell where first the FCA eventually stumbled in to investigate, then decided the SFO were more suitable in the circumstances not before both organisation realised that spent some time going over the same ground as a breakdown in who was handing over what and when emerged. A typical Laurel and Hardy scenario. There both useless as even the government recognises, hence the almost continues revolving door of heads in both departments suggest. So any thoughts of swift decisive and impressively executed intervention if malpractices emerge from dumb and dumber just ain't going to happen. When I last talked to Reynolds he enthusised that his business relied on reputation and just as good can propel, bad can sendcyku to hell. The BigSofa itself can do with the money and as shareholders we agreed unanimously to the RTO and funding, but if we had effective arbitrary authoritative bodies in times of business confusion or despute, the matters could be isolated addressed and dealt with giving room for rejuvenation of the deal but we don't have such systems in place IMO.

TW supposedly forthright and sensational accounts historically turn out to have a semblance of truth but much creative licence or bullshit, so if he account followed form, the true story may be significantly different. The BigSofa RTO would have been a superb opportunity to salvage a ravaged stock and reverse into an up and coming technology play with lots of potential. Reynolds is not a foolish man and he knew exactly the potential and likely assumed the baggage could be sorted. Having benefitted on more than one occasion from Reynolds recovery plays, talk of early exits is not his style. I'm sure strenuous efforts are being made behide the scenes rejuvenate some kind of deal but we don't really know the extent of the corruption associated with several high profile individuals. If Reynolds can't pull something out of the bag, it's unlikely that investors will recoup anything here.

Let's not forget how this current scenario unfolded. The previous greedy, stupid and clearly incompetent BOD originally over sold stocks not to mention stocks aledgidly mistakenly bought by a young family member that according to the rules should have triggered a take over bid. With thecrubbish faced with a massive deli a of having to try and scoop back the stock on open market while investors seized the chance to buy with the predicted squeeze and multiple share rise as a result, even the most conservative financial forecasters were predicting explosive share price hikes of many multiple percentages. Ok, the hindsight junkies and serial pontificators will say " it's AIM and you should invest more than you can afford ....blah....blah, but for many, this once in a lifetime chance with the share conservatively expected to double at worst, piled in heavy, stories of some committing hundreds of thousands, business and borrowed funds. The Market makers indicated that " they would let things pan out and not get involved" , if true to their word investors could potentially make hundreds of percentages in days, weeks, months. The shorts would be roasted, the shit BOD mullered and beleaguered long suffering investors and many opportunists make ( life changing amounts). What followed next amounted to the worst case of , cullution, sculdugary, lying, deceit, dishonesty I have ever experienced on AIM. As the board cock up broke and investors scrambled to " putting all on the Red" share prices exploded attracting as news spread attacking thousands intent on quiet litgitimitky cashing in. Out of the Blue and with the share price rising, its obvious but verdantly denied by the Market Makers, that they colluded with the tainted BOD as the share price ( dramatically capitulated) against the grain and expectation. Some who had put in life savings, business funds, inheritances and stories of much more, saw their stakes drop 50% having swelled to as much as 70%+ very quickly, in efforts to salvage something, the enivitable sell off followed, not before the dodgey BOD miraculously correct thier error ( in a totally aucastrated and surely illegal) set of practises that ' stunk like a bag of rats'. There were screams for the FCA to get involved as claims of impropriety and blatant malpractice seemed easy to prove. Unfortunately, the FCA sat on their arses as usual and done absolutely nothing but, only raising more suspicion. So a tapestry of decite, riddles New World and the latest chapter just confirms the rot is deeper than we all thought. The silly posters spouting fictitious BigSofa intentions and Adam Reynolds culpability in this dibsrcle IMO are way off, as I believe when the truth is finally unraveled, it will be confirmed that perhaps Reynolds probing detail as part of his forensic company evaluation revealed areas/ practises or accounts that didn't sit comfortably with the team.

Johnny5isalive, if the dodgy transaction claims being made are true, it's near impossible for the BigSofa to proceed, as I mentioned several times already just on scant information. So why you chose to go off on a tangent rambling and implying about 'fake BigSofa business and Reynolds 'god only knows. You made an arse of yourself this morning by not being clever enough to interpret the implication or inferences from an ambiguously written RNS. I also mentioned the possibility of the SFO getting involved while you still chose to talk crap about algorithms. You clearly have little clue what your talking about and are ckearly ' outside of the curve'.

Johnny5isalive, you've made me spit out my coffee all other the place......well done. So your inferring that the BigSofa are literally a !!Ghost type dodgey technology company !!! and your amazing forensic type anyalitcal research highlighting this fact deserves some kind of credit. People reading your posts must be concerned with your 'twilight zone' alternative universe theories. Early you inferred that the company was " No more that a fictitious algorithm". Are you serous?. Your propensity to embrace conspiracy thoeories and accentuating a non exsitant business resembles TW rants. Are you one of his disciples or cult followers perhaps?. Any complexed buiseness will need unwrapping and individuals understanding of technical concepts are different, there's no ambiguity there. Can I suggest you go back to your bedroom and perhaps work on the theory that Adam Reynolds didn't really exist either. The issues are related to the likely imprprioties of the ( previous administration) ....try to stay with me here. The BigSofa business model does not appare to be under scrutiny in this debacle but ( possible debilitating issues) that would make progress with an RTO near impossible. I've gathered that your infinitesimal nugget defaults back to, Lock ness monsters, Elvis seen in the local chip shop, Flying saucers, The King having cloths on and the BigSofa being a fictitious business entity but you infinitesimal nugget is not helping you process the scenario likelihood to unfold.

goooba769 Hofully the RTO can be resurrected, but if we bear in mind some of the antics of the previous administration, I wouldn't be surprised if regulatory bodies or worst didn't have to get involve and in which case ....it would be ' dead in the water'....a crying shame.

Johnny5isalive, it's clear by your responses your not the ' sharpest tool in the box' so ill have to try to explain a simpler way. Firstly, I have explained at great length how the BigSofa business model works and their growth intentions because it became apparent that some struggled to understand the concept. You have been criticle from the outset not with any quintessential rationelle but with just a load of hollocks about spending on ' unknown ventures' ....hardly a sentiment worthy of serious consideration. A kind of nothing phrase from someone ' out of their depth' but desperate to say something to appear smart ..... in reality just accentuating your inadequacies. Some posters capable of articulation genuine concerns, have talked about the due diligence issues and procedures. You talk about Adam Reynolds and his father. Read the RNS again and try and interpret what they are ( implying) you Lemon.

Johnny5isalive, your a fool. Many including myself have money tied up in here so save your nonsense for your mates. It seems like the past administration dealings have scupperd a potential good deal. Your agenda has been set from the outset a topical brick poster intent on creating further distort.

The RNS ambiguous ......I meant not ambitious.

The RNS is ambitious I suspect because issues surrounding information relayed or even accounts, who knows at this point need to be investigated and in the circumstances, the BigSofa BOD would get nowhere proceeding with a business venure in which they could inadvertidly be tainted. The written and curupt previous BOD posionus legacy and malpractices looks like they have returned to scupper what would have been ( a fantastic technology deal) for investors. I've already told a few people to explore investment criteria for BigSofa because there a ' stone cold market leader' of the future. In terms of NEW World the news is deverstating for those investors that understood the business concept and potential returns from a successful RTO. Those that were grumbling about Adam Reynolds involvement and the stupid talk of Gary Bullivant upsetting the apple kart with a late bid to join the board.....no longer have to worry. If the RTO as indicated is " dead in the water" due to previous administration issues, folks you guys have just lost out on a tremendous opportunity to rejuvenated crashed and butchered stocks with the chance to buy into a ' cutting edge concern'. If you bear in mind the highly dubious and many claimed criminal impriporities of the recently ' kick out board' the carefully non over critical RNS is likely to be hiding a 'Pandora's box' that I wouldn't be surprised if at some point didn't involve the Serious Fraud Office (SFO). I'm an investor to make money and WILL be finding out by the ' end of play' how I invest in the BigSofa company for sure. Unfortunately my £15k here looks likely to be tied up for ages as we potentially enter a WRN scenario, where if the past administration are summons to explain potential imprproties, through legal obfustications, any tangible outcome could drag on for extended periods of time while investors shares lay dormant as a consequence.

Look your mate dumber has given you a reccmendation. :-)