Member Info for Pooks

I very much agree with redkite 4 I’am being given this information through my broker and notes put out via the company to corporate shareholders, frankly from a serious analyst point of view I’am being advised any value has sadly gone,

I agree, any value left will be swolled up in costs and some doggy accounting to favor priority shareholders as for us mere mortals we’ll get nowt .

Without raising 10 million the answer is simple ... it can’t go on. The company now is formally up for sale so any new buyer will have to commit to the outstanding debt plus 10 million. In my humble opinion share holders never come out of a situation like this smelling of roses so any body thinking there about to make a fortune dream on.

I agree with you ... I’am not an ex employee but an investor that has lost serious money .My observation which I think says it all that if they can’t secure 10 million funding through there 3 major shareholders who are listed as Neil Woodford, Standard Life and one other Major fund house then clearly they have zero confidence in this business surviving. It’s fundamentally a floored business model that’s been open to greed and serious over stating, personally I don’t think it has a future in this format and the value is now lost .

I hear from my broker UTW is for sale .... who ever buys it will obviously buy the debt as well which effectively values the shares at zero, unfortunately losses will be born by the share holders, things certainly don’t look good.

Don’t give up I for one understand where your coming from, my personal view is any real recovery could take up to 3 years if indeed they get there. Your knowledge of the industry is evident.

I had confirmation yesterday Neil Woodford still owns shares in UTW