Member Info for perroverde

That's also a fair point Jarv. I can't imagine he's their favourite person - but then again they have representation, it must have been agreed by the BoD? Maybe they were badly advised too, if the advisors tell you your company needs cash and they have a 'solution' and you aren't familiar with the death spiral process, you may well naiively agree to it. The paperwork associated with these deals (I've seen examples for other deals) is complex and designed to befuddle and confuse, with the 'no interest charge' and 'long term investor' headlines underlined and in bold text on the front page.

Good post Cast. Good work by you Uni Jimzy and others - and everyone who contributed to the email barrage - means this will hopefully be an end to it and EQT can move onwards and back upwards. I still feel though that the real villains are not actually the BoD (though naiivity is not an excuse for ignorance or downright stupidity). And not even, dare I say it, Bedsit Boy. They only did what the 'advisors' presumably allowed/encouraged them to do. It's the system and its regulations (or lack thereof) and continued unchecked shameless behaviour on the part of uncrupulous NomAds which enables this sort of thing to perpetuate. It needs to be stopped. But I wouldn't hold your breath...

Same here - looked at it after you mentioned it, decided it breaks my new rule - since Ive done my nuts on a couple of horror stories lately where I bought on a whim having done no research. Oh well, onwards and upwards!

I take it folk have seen Winnifrith's article on this sordid affair? On Share P@@ph@ts. Whatever one's view of TW he rightly gives Northland and Bedsit a good pasting.

Good work uinsionn Just a thought: what we did with Vast was propose that, given that although livid with the cln deals, we also acknowledged their need for cash, so a group of us said that if they pulled the future cln rounds we would be willing to participate meaningfully in a proper shake-round of the tin with a fairly-priced share offering (preferably with a few warrants thrown in) - what they should have done in the first place of course but hey-ho. It seemed to work over there. Just something to maybe mull over?

You in the S Dan? I've been in for ages, lovely fundamentals (though a bit depends what you think of the plat price prospects I suppose). Typically, i got bored with it a few weeks ago and sold quite a few - probably to buy EQT knowing my luck but I'd rather not check back it'd be too painful lol.

I wouldn't hold your breath for any responses but it's fun to think we're clogging up their inboxes and diverting their attention from the Ferrari online configurator!

Emails sent here too. You might want to add gbeaney@northlandcp.co.uk he's in charge there as far as the stock exchange and fca are concerned.

Morning Babbs (and all!) - was there a spike this morning on the Z? I must have blinked lol It's all kicking off at EQT - what a disgraceful mess. I've even sent a 'Mr Angry' email to the directors and the nomad (the latter being the real culprit imo). Might be worth a punt for a bounce tho (need to be a bloody big bounce to get me out clear mind you!).

Well you can start with Vast:...

Quite right Cast. IMHO the real questions need to be asked of Northland. A BoD must run a company to the best of their fiduciary ability. If they need money and are offered a deal of this complexity, it's not unreasonable of them to not necessarily understand the underlying implications at face value. It's at that point that they - again not unreasonably - rely on their financial advisors for, erm, advice. In this case Northland. At whom, imho, some serious questions need to be addressed. As we know to our cost, they have form in this regard with other companies.

Jimzi I'm guessing that's right - but - if they did indeed start selling before the rns then that's blatant insider dealing? Not that anyone will do anything about that (and I assume that's their/Northland's assumption too) - sorry to keep harking back to Vast but it's a carbon copy. Bedsit man won't be in his rat infested hovel for much longer. Unreal.

Yes. Me and the boys would like a word with bedsit man. His new Ferrari must stand out somewhat, parked on that North London backstreet....

I tried that with Vast Jimzi - even pulled the 'As an FCA registered person I feel obliged to report this' card but it got us absolutely nowhere. They're much too busy doing...erm... I don't know what!

Maybe someone should ask the 'bloke in the bedsit' (love that one Jimzi!) money lender from North London. His details aren't hard to find - if you're struggling just ask the SEC he's well known to them lol.

Jimzi you are making very valid points. Your 'bloke in a bedsit' analogy is terrifyingly not distant from the truth if you look into the credentials (or lack thereof) lf the counterparty. This whole thing defies belief. Unless you were a Vast shareholder (like Castaway and I and many others) in 2016. The difference there was that we were able tondo something about it: Here, with a main foreign shareholder holding 50%+ of the votes, you have all of two hopes. Bob and No.

Me

A (carefully worded and considered) email to Northland too I reckon

Tom can you email/pm castaway i've contacted him too (we helped with vast having suffered there too) it would be best if we coordinate this if we can?

In answer to my own question I see the nomad is Northland. Well there's a surprise. And a coincidence - the same nomad who 'introduced' Vast to its death spiral funding last year. The whole thing just got a whole load stinkier imo.