The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Getting more obvious that LO knew that this was a dead horse and by doing the share swap it was the only way they would get some cash back.
Now the auditors have a hard job signing off on the convoluted paper trail on that as well as the Interior fire sale of assets.
This is going nowhere but belly up.
As we edge closer to that dark shape that is the middle of the month the smell fills our lungs. We have smelt it before, it's been drip fed to is for a couple of years now. The vultures have long had their feed, now putrid the worms have turned their heads.
Do they milk the puss from this sore for another year or let it retch.
Death isn't a spectator sport but many long for this to be put out of its misery
It will come back on you like a smoked mackerel.
As I've said before don't be surprised if the next RNS is a copy and Paste of the last one.
cambridge dictionary definition of the word holiday:
a period of time spent away from work or school (extended. i'm also a shocker at english sorry (their)
but you are correct tombi they are taking the hit and miss. but if nobody has the kahuna's to grab them by the gooseberries. they think they walk on water and will carry on holidaying using others money to foot the bill. you have more chance of going to jail for nicking ***s than this lot.
Have to take your hat off to the board, they have taken so many that have invested as total mugs. They have played their hand so well. But at the same time they have had some unwavering support from many poster on here. Have to say they have been complincent in the companies shameful practices by not holding them to account.
At the same time I feel for those who have been suckered in.
I'm pretty sure the BoD will come up with a sticking plaster and some whiffy salts to spin this shocker out even more.
Think my time is done here. I've tried to expose and protect but now I feel it's pointless and anyone that invests here now is not worth saving.
Tooble Pip it's been enlightening
a clean balance sheet and a very short memory on how many tens of millions have been ****hed away or pocketed.
madeitup if there is nothing to say then say nothing
Malkis
Hard to sell while the companies share trading is suspended. Echo are taking all the time in the world to spend anything that they have left.
They have the shareholders by the Kahuna's for another mouth.
It's The Joke that just keeps giving.... Well another month where they can draw a salary while doing Hee Haw
Next RNS 31st Aug copy and paste.
Reminder for the BOD to change the date on the next RNS that would look really amateurish than they already do/
Good Morning Troops.
Thought I would look in before the cricket starts.
Even the diehard ramper must be questioning the parentage of the Board now.
Even I am now embarrassed that I post on a chat board related to the company. The moon landings and the flat earth topics and who Shot JR have more share value than this now.
In fact I'm only on here because I'm on the loo.
Martin if you read this your not stealing someones money so that's a good thing.
It gone very quiet even from the usual back slappers and those who praise the one that walks on water Martin The Great. The end of the month is fast approaching and still not a peep.
They must be having a hard time convincing the auditors what they have been doing is legal and the accounts stand up to any scrutiny.
There has been a run on Amazon in I Told You So T-Shirts
The silence is deafening.
Have the Auditors on holiday with the BOD's?
Surely it doesn't take that long to look for the receipts for the Teas and Coffees.
Eatstocks
Totally agree, only money he made was his salary. The debt for shares was a Masterstroke given the company was more than likely bust and it was a way to help the Bondholders get some money out. Now the Auditors can more than likely see this and aren't happy about putting their name on the accounts.
The other thing is the upfront payment for the gas contract that we heard off is that form the same asset that was given away for a ducks fart? If so what's the score with that?
Too much paper moving with little in the way of product being extracted and sold.
Bit like the BBC produce their own news when they have nothing to show for all the cash they are given.
Eatstocks
You got it spot on mate
I missed the shanagins yesterday
Got to think this is being done by design rather than the auditors needing more time to unravel the rats nest of the account's. What did MH do at Rothschild empty the bins?
Sell your only asset for a snip to a mate or family member then go Paps up. Feel sorry for those that have been suckered here.
What will I do once this goes down the pan?
England are getting flushed down the pan too.
Nob
You hold your breath long enough you'll go blue
EofA
Interoil mirror Echo look at heir SP graphs. It is easy to invent a things on the other side of the world that can never be readily or easily challenged. The are vehicles for moving debt from one mirror to the next. The debt may be only the money that The DoB pay themselves plus some or as little tax a s possible so launder the money that is produced from AIM.
So easy to do. I can produce an invoice tomorrow for a company where I haven't given any services at all. It doesn't even have to appear on my books.... Who's going to check? if it is on my books who again is going to care if it's not paid there is no contra entry against if , Year later raise a credit note canceled off.
Get a couple of companies doing the same passing nothing trading nothing but all the while taking big bucks.
As long as they pay the taxes on the factious turnovers nobody cares.
So 100% premium on a set of wells that's never turned a profit???? No you move one figure from one companies books to an others. Echo have flushed how much into their pension pots and racked up so much debt it would choke several horses.
Get involved with this poop show and you desire to lose it all.
Several have lost it all before doing their homework
So when are we likely to see the BoD taking their wages in shares as they said they would? (Partially)
Or has that all changed and the monies that they well get from this "deal" be dwindled away like the rest of the monies that have bee squandered?
Tombi1 Yes it is P poor that the usual words get dripped out all very predictable.....transformational milestone, Excited, updating shareholders. Utter garbage
At least the was no mention of Shareholders Value.
No Echo has for many years never sustained a rise long enough even for the hardened hooker.
Now how long until the shareholdrs value CEO take to furnish the world with the real figures on what the company has left in the kitty cat before he gets the begging bowl out for their next venture (holiday)
Noba the only way you will see fireworks is if your mum gets you up in time for the rerun of the new years eve party.
Nyforever
has it in black and white and is being pretty fair. The thing is nobody knows the true figures but is looks like a fire sale and the reason for it is the company is bust. These figures are purely the just about the In Country debt and I think they mentioned "almost All" in the ways of the debt but not all.
Where has Noddy Noba been all these days? or Years
Madeitup you have officially been dethroned.
Have a good weekend all. It has been a Pxxs poor couple of weeks waiting for the unveiling of the New change of lifestyle plan. ie another way to mug folks.
Do I hear the rattle of the money jar or the swish of the hat being whipped around, Not long now guys
Maiditup
Try looking at the BoD to give shareholders a break
I've seen Seagull shxt with a better thought pattern than whats being presented