Member Info for ryanf

"I, for one, am happy to wait a few years if it means £3+"

I remember thinking this when it hit 180p in 2021...

I wonder if we're in the ring for taking REVB... hopefully out of admin rather than buying the share capital.

Such a shame, always appreciated OnSolidGround's predictions, especially his ever changing Selkirk prediction.

To add, you can see its not Frasers Mike Ashley from Midwich's website:

https://midwichgroupplc.com/who-we-are/our-leadership/

Its not the Frasers Mike Ashley. There's a picture of the two appointments on the website below and the career histories don't align to Frasers Mike Ashley.

https://huddled.com/new-board-appointments/

Bit of an old wives tales but lots of 8 shares tends to indicate increased volume coming, an accumulation phase to pump the price. It happened the other day as well.

You forgot to mention a gaslighting, delusional linkedin post Theta

100notout, I would be part of the "anti-MM" crew. I have been relatively quiet recently more out of relief that I can start to see light at the end of this dark dark tunnel.

I didn't start off being anti-MM, in fact I believed that he would act in my interest and prove the short hedge funds wrong.

Unfortunately, Matt's actions and the weak board refusing to stand up to Matt has meant that Ingenuity was taken from RemainCo. £25m pre-dilutive valuation is criminal. The wordings in the demerger document tried to seriously discourage people taking up their share of Ingenuity. It was not made clear what the correct decision would be, and some people (including me) were not able to take their share of Ingenuity. How can I feel happy about that when Investor Relations did not help me whatsoever, despite Matt parading on linkedin that every small investor would be able to go with him to Ingenuity?

Add fuel to the fire, Matt posting about how hard he's found life, but posting pictures in his private jet and at the £50k a night suite at the Atlantis in Dubai. Meanwhile I, and others that I know have had to delay life plans because the valuation destruction was so severe. All of it seemed orchestrated as well which makes it hurt even more.

So forgive me for not being Matt's biggest fan.

I won't be selling as seeing the price rise and Matt rise from the ashes would hurt even more, plus I think Matt will leave when the share price recovers, which might not be that far away? His departure will be a huge positive catalyst so I will hang on until then, albeit probably reducing my exposure when we recover closer to 60-70p.

I tend to scroll past most of your posts crow so forgive me for not keeping up.

Thought you said you were out at 50p

Its not far from £50m market cap 😂

Hereshopin, you're telling me that our CEO showing off about flying in private jets and holidaying in the £50k a night Atlantis suite in Dubai doesn't show humility?! Shock!

Stanley, do you think they should suspend trading by any chance?

Why didn't you tell me you were leaving last time herehopin? You could've saved me years of pain 😂

Welcome back.

Thing is, I think MM is a pretty good operator and knows THG inside out. If he had no conflicts with Ingenuity and didn't continue to try and flog a dead horse, or had more of a moral compass so that he didn't asset strip into within an inch of its life, I genuinely believe the SP would be in the pounds, not pennies.

The demerger was a good idea, but it uncovered so many skeletons and decisions were made to load the PLC with Ingenuity debt, that MM has to be made accountable.

I'm fine with the SP being this low if it forces MM to go. Do the right thing Matt.

CityPie, they chose the wording very carefully in the RNS. At the time I remember looking and thought he took part in raising cash, but didn't take Ingenuity shares.

Keep in mind, Matt posted about an "army of private investors and himself" going into Ingenuity. If he got ANY Institutional support we all know he'd be shouting it from the rooftops. I think Ashley went into THG only.

Hope clothing, I sympathise and lots of us in the same boat.

Although I believe MM is greedy and out of his depth, but not evil.

The way out for us is a sale or ousting of MM. I want a buyout so I can get out and never see the name Matthew f.cking Moulding ever again.

Jamie for president IYKYK!

Are we surprised that Matt's ego couldn't take being eliminated from the FTSE 250 in record time? Hopefully the prospect of that has sped up some shareholder value restoration. I like the idea of buyout from big Mike in return for Frasers paper. He stopped at 11% randomly 2 months ago and that's quite odd for him.

Kelso and Selkirk remain quiet.

Stan, they made no money over the past 6 months in RemainCo. Literally net neutral. They tried to hide it in the statements but you could work it out using prior statements.

Really makes you think about cost control. Be it head count, marketing or services paid for (I.e. ingenuity).

We know they basically did no marketing because they spent all their time on Ingenuity. We've seen that pick up again since the Q1 trading statement. We've already spoken about how that suits MM because Ingenuity gets a percentage of RemainCo sales. It suits MM to lower margins on RemainCo in order to get higher revenue for Ingenuity. This is the problem with the conflict of interest. The board is spineless so if it works for MM, it will happen.

Head count has been reducing, is it low enough still?

Again, it's in MM's interest to get the best deal for Ingenuity out of RemainCo due to their cash burn.

It's not looking great atm. We need some good news.