Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Https://www.telegraph.co.uk/business/2023/10/28/asos-talks-sell-topshop-us-retail-powerhouse/
Asos paid over the odds for TopShop so I doubt they'll get their money back.
Just like Boohoo, Asos should have stayed with what they had, what they knew and never diversified into TopsShop.
Same with Boohoo, should never have diversified into Debenhams and Arcadia labels. Stay with what you know and what you're good at and make it the best and cheapest in the world.
Boohoo and ASOS got sidetracked. Huge mistake for both of them.
I must find out about joining this class action i.e. group litigation.
I think well done to them.
Boohoo have been guilty of far too many dirty tactics.
From agreement to buying 100% of prettylittlething for £5m and purposely didn't do this in 2016, to knowingly being aware of what supply chains were doing to their employees, to the USA legal action, to renting their HQ in Manchester from Kamani property and no doubt much more.
I would think if they ever need to sell and leaseback the London office. Then Kamani property will get it cheap and then get loads of rent from Boohoo for it. I can see now why Boohoo bought the London Office.
Boohoo has been about giving hundreds of millions to Umar Kamani for prettylittlething to paying rent to Adam Kamani who runs Kamani property and owns Boohoo HQ in Manchester.
This is never mentioned in any results or updates and should be as a conflict of interest.
As for MA, Frasers, Michael Murray CEO, these people are all out for themselves. Learn to never trust any company nor any CEO. This is how to protect your own hard earned money i.e. your capital.
Wow WeeWee - even The Telegraph uses the words class action for group litigation.
https://www.telegraph.co.uk/business/2023/10/26/boohoo-faces-100m-modern-slavery-class-action-from-investor/
Boohoo facing potential lawsuit26 Oct 2023 16:08
(Sharecast News) - Boohoo Group is facing potential legal action from investors after allegations of illegal working conditions hit the fast fashion retailer's share price, it was reported on Thursday.
Details of unacceptable working conditions and underpayment at factories supplying Boohoo first emerged in 2020, following a Sunday Times investigation.
In response, the AIM-listed company appointed barrister Alison Levitt to conduct an independent review. It found that the claims were "not merely well-founded but substantially true", and that Boohoo knew of "endemic" problems at the factories.
Boohoo accepted the findings in full and apologised for failures in corporate governance.
But the retailer's share price was hit hard, with more than £1bn wiped off its value, and on Thursday The Telegraph said shareholders were now seeking compensation.
It noted that no claim had yet been filed, but said up to a 100 investors could be involved in a £100m class action, including sovereign wealth funds and local councils. The newspaper also noted that Boohoo had instructed Herbert Smith Freehills, the City law firm.
A Boohoo spokesperson told The Telegraph: "A formal claim relating to this matter has not been made. If any proceedings are issued in relation to this matter, they will be robustly defended."
And yet another headwind for Boohoo. Don't be stupid enough to think this won't affect Boohoo's share price because it will.
Get your head out of the sand and look straight at all the potential problems for Boohoo.
WeeWee - trying to backtrack now. with your I've done this, I know this, I've worked with
Try reading this my link below.
WeeWee - go away with your stupidity and stop wasting my valuable time
Https://www.slatergordon.co.uk/collective-actions/about-collective-actions/#:~:text=Group%20litigation%20is%20the%20legal,against%20large%20companies%20or%20corporations.
WeeWee - try doing some reading and research, you might actually learn something for a change.
WeeWee - yes it is, I've been there, done it, got the t shirt. As usual you think you know it all.
Try talking to a barrister or even a solicitor. You are so pathetic.
WeeWee - pathetic, pathetic, pathetic
Doesn't even understand group litigation.
I made £600k and you've lost loads. Poor weewee you.
Don't bother me anymore with your pathetic diatribe.
WeeWee - you're so pathetic.
Group litigation
Group litigation is the legal term used in the UK to describe collective legal action brought by a group of claimants that have been affected by an occurrence in the same way, whether it be negligence, an incident or other cause. Those actions are often brought against large companies or corporations.
WeeWee - you have zero credibility. You know nothing and pretend to know something. The losing shares you get sucked inot thinking you're going to make loads and then lose loads.
WeeWee - I've been part of a class action in the UK so take your bs elsewhere.
Boohoo have stuffed shareholders too many times. Buying two thirds of prettylittlething in 2016 when they should have bought all of it for the agreed £5m. They let it run and paid hundreds of millions to Umar Kamani for the remaining one third. Disgusting tactics.
The suppliers underpaying their workers - Boohoo knew all about this, so hence the class action albeit under a different legal name in the UK. I would think they'll settle this and it'll cost them when they have no money to spare at all. Boohoo won't want discovery finding out even more about what went on and having Mahmud Kamani to stand as a witness. Watch some of that revolving credit facility for £325m being used to settle this action.
The law action in the US, Boohoo and prettylittlething knew they were doing wrong and went ahead anyway.
And probably many more ........
Class Actions do exist in the UK under a different title WeeWee
Showing off your stupidity yet again.
Scb - you are hopeless. I had no investment in cpi. It was you calling out some other poster on here who had recommended buying cpi at about 18p which then went to 30p. I pointed this out to you. Unfortunately like too many other holders on here you never read posts properly and in full. You assume you know what the poster is saying when you don't.
Even at 30% shareholding companies who don't want to buy the whole lot put in a derisory bid in order to fulfil the rules.
Mid flight - you don't trust anything any company says or any CEO says.
PDS2023 - the point is Boohoo mislead people in the IPO. Stop making excuses for them because you hold Boohoo shares now.
PDS2023 - as a poster on here from February 2015 and a holder of Boohoo in 2015. I had researched Boohoo.
The beauty about Boohoo was they were going to buy 100% of prettylittlething for £5m. This was stated in the IPO of 2014. This was one of the selling points for the Boohoo IPO shares in 2014.
To avoid accusations of a conflict of interest when Boohoo listed on the junior market in 2014, the prospectus included the option to acquire PLT for £5m within three years.
From the link below.
So sorry Boohoo bought the first two thirds of prettylittlething in 2016 and not before the IPO - my mistake.