Member Info for Punter21

I am not at liberty to disclose the basis of the claim but I understand heavyweight lawyers believe it is an open and shut case.

A legal case is underway against the directors, a certain former director and certain advisers and individuals on the TG site. More later.

Litigation on each director will follow.

Why would they stay? They've raided the piggy bank, got their (small) investments back many fold in over inflated salaries and achieved bugger all. Ask the company, what happened to the MOD?

Doubt all you like.

The difference between you and I Kipper is that I know what I am talking about.

Nonsense Mr Kipper. I can be very complimentary when the mood takes me.

Not so. He was useless and I understand that they have a perfectly capable financial controller working there. God help anyone who even thinks of hiring him.

Capability, whatever you are smoking it is clearly messing with your head. They will have to have a raise before the FCA / LSE will even consider readmittance - for working capital purposes. It is an absolute certainty that the stock will take a hit on day one (if we ever get there) as the stock has been suspended for so long people will sell at any price just to get out of this sh*tshow.

Things are getting better. Allardyce has gone. Now perhaps they will hire someone who knows what they are doing.

Or you probably won't.......

Sausage83 you are delusional. Tell you what, please let me know what you next want to throw money into because you sound like a perfect reverse indicator.

My post of 22 Feb "With an unqualified and useless FD, who cannot raise money, a recently departed Monaco estate agent, and new NEDs who have not contributed to the business in any way. And who knows what the two remaining Magi are up to?" The NEDs going isnt a bad thing. Shame that the useless FD is still around. Maybe he is next for the chop. I'm guessing that the fact that they still have 2 overseas directors (and hence a majority) is to keep them out of Takeover Panel territory whilst they try to cobble funds together.

Are they officially dead now? Zero update, passed deadline for cash availability, can only assume the worst.

.....well, that's nice.

By their own announcement our company is bust on Friday. What on earth are they doing as they are risking personal liability here for the company’s liabilities without giving shareholders an update as to how things stand?

They need to remember who they work for. The shareholders who appoint them and some of whom are keeping a very close eye on them.

As I have pointed out before they have taken out more shareholder funds in salaries than they have contributed themselves so are in it for a free ride. Shame on them.

Whatever they are up to it won’t be pretty.

With an unqualified and useless FD, who cannot raise money, a recently departed Monaco estate agent, and new NEDs who have not contributed to the business in any way. And who knows what the two remaining Magi are up to?