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Be careful investing in this company, one of the Directors, Richard Hall, was part of the board of TVZ where the assets were sold for approximately 20% of their true value and the shareholders were left with nothing
Just Facts - Infer what you will Mr Jenkins recently signed an affidavit agreeing to sell TVZ assets for well below the market value based on Travelzests own EBITDA multiplier. One such asset was The Cruise Professionals.
It's whether thy wanted to survive as TVZ that is the question 2 profitable businesses were simply taken from the company leaving us with nothing This was very carefully planned and executed
Support what is fair and legal
This is not all lost We have a support group that is building momentum and members , and we are arranging to take legal action This company could have diluted the shareholding or refinanced but instead they decided to undermine those that own the company. The actions of the BOD, Aldenham and Elleway will not be forgotten anytime soon Join our Facebook group of itravel2000 action group and support our Liam or what's fair and legal
We have formed a group to look for recourse in this case Anyone with shares please email Maffcoen@hotmail.com We will act
And has passed I'm afraid
Your not the only one
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I will do
We need to be careful here LSE will not want to be considered as the means by which slander is written about this situation Innocent until proven guilty and all that IF this situation is considered to be a criminal matter then we should consider contacting the journalists merely to inform them that the Serious Crime Squad have been informed on the situation and that they are looking into it for us Zesty Fraud is a mate of mine and his last comment wasn't even posted and his account has been suspended
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Lets hope the BOD knows that the two companies are linked and got us a 'fair' price in the circumstances. Not sure what a fair price would be but I can't see the BOD getting blind sided and agreeing to a figure to just clear the debt. I appreciate that elleway had us by 'the short and curlys' to some extent but the BOD would have known that they all parties would have lost out if an agreement could not have been made. Thanks for the ino Shab. I think a few of us will be sleeping a little better tonight now
For all
Have too much invested to let this take a nose dive and the BOD are not going to walk away empty handed because of the threat of liquidation. This will be a battle that neither LDC or the BOD will win if they don't compromise. And perhaps this suspension will force them to thrash out a deal once and or all
Why would elleway give the company a lifeline, only to then pull the rug out from underneath them a few weeks later Something else is happening here
Exactly..... Trying to make some logical sense of this business has cost a lot of us money in the past
I think the MM's have reacted to 9's petition threat Down 5% out of spite lol
Thanks Its a shame he didn't do it this morning although its going to be irrelevant when the company announcement arrives
I think you're right Shab He did better than me lol ....... Like for like