Member Info for RachelsDad

i think sellers just may regret their actions quite soon.
On 31st May David Horgan said regarding the Lithium project in Bolivia ' The Technical co-operation agreement legal form is on its way' .
Oversold.

i got a headache out of it....

09 Jun 2022 Statement of administrator's proposal
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A Bag within 7 day's from this point ( imo)

CDF1

I bet you feel better for that !! :-)

touch paper well and truly lit !!

Its all smiles on the website and all Bol*ocks in the Reports but Ethics at this level is all window dressing.
So the question i still have is, who asked Jonathan Miller to go? and why did he go accepting only £0.5M when his share holding was so large?
Sorry... i have moved on.... honestly! ( ONLY HALF A MILLION.... BARSTEWARD!!! Grrrrrrr )

DISTINCTIVE RELATABLE PERSONALITY.
We deployed a little light-hearted banter and liberal use of colloquial tone, both in communications at HQ and in store – from promotions to little shelf level reminders to purchase. Even corporate messaging about the team was delivered in this convivial, cheerful signature style.

hmmm.... what like this then ??

' It should be noted that even if such a successful outcome is achieved it is increasingly likely to result in little or no value being attributed to the Group's ordinary shares.'

If both parties submitted bids of all the elements mentioned before the administration was rubber stamped on the Monday does that not represent a formal offer from both BEFOREHAND?
Have PWC been negligent by acting too quickly knowing that talks had progressed over the weekend and in so shafting the then current shareholders? Was the pressure from the Banks that strong that they just rolled over and went ahead on instructions anyway?
What happened, happened! we cant go backwards.... but we have to ask ourselves if the final outcome was both ethical and legal.... in reality we all know the answer.

Both parties submitted bids including to take over the entire store estate and its employees, a transfer proposal for the pension schemes and cash consideration to acquire McColl’s that would see all secured and preferential creditors paid in full with a distribution to unsecured creditors.

A distribution of what exactly?? That's the question.... if indeed the statement is true.

that i know on this board who has more knowledge and understanding of all the past business dealings and court cases involving FG and Clear Leisure than RKB. Most long term holders will tell you that.
The financial framework of the group is more complicated than the inside of Putin's head, yet RKB his a grip on most things involving the illusionist FG.
2017 Ltd was set up for a reason. It's a long winded story as to why, but all information is available in previous RNS.
On first viewing the figures would make anyone gulp....but RKB is right.
Lets just say what could be Negative to one company could be Positive to another....that's what FG does!

Mr.Musk salivating over QBT developments one day! He wants to love BTC but it lacks the Green green credential's for his reputation right now... yes i'm dreaming.... but anything is possible especially where he is concerned.

Agree! The Banks put the final boot in knowing their money was safe if EG took it when insolvent, as that had always been their plan since they walked away in February. Morrisons would have known that was what EG would be doing, and i think they knew that the trump card was the pension monies.
Personally, i think this was slightly more suspicious than your ordinary pre-pack insolvency. It happened far too quickly last week for my liking.... how did a warning of 'insolvency happening in 3 weeks time' suddenly become....shares suspended and administrator called in? The meekest of warnings granted... which were pretty clear, although i smell a rat involving a 3-way stitch up here....( although probably will never be investigated ) everyone seemed to know what was happening except us.
The only thing that was pre-packed and sent on their way was the owners of the company.

I think at present a lot of people have taken their eyes off the target!
I can smell a reversal happening as soon as she dips below 2p....

you numpty..... as if i really believe it would happen!
Its called sarcastic humour.... something obviously you have no idea of!

to the same value as our holding's.....pound for pound... now who was it that had 100k's worth??
May need a bigger trolley!!
They could make some sort of good will gesture to at least acknowledge that only shareholder's seem to have lost out.

'Even if a successful outcome is achieved, it is likely to result in little or no value being attributed to the Group's ordinary shares.'
Which in English means: "Not a cat in hell's chance of getting your money back as we have stitched you up like a kipper from Morrisons Fish counter....you low life shareholding minions!"
If i ever see Ant and Dec in that bloody jungle i will tell them straight what i think of Morrisons corporate ethic's!!

wow.... only a 10,000/1 shot ??
Sounds better odds than my GG's..... can i have a fiver each way please?

they had our tens of millions of pounds and ****ed it up against the wall.... the Law is an ASS!

i'm a repossessing all the Mr. Kipling Bakewell tarts off McColl's shelves!! I paid for them so their mine!
This Pre-Pack **** must stop.... we owned the company for F.SAKE and should have just as much clout as the Banks!