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Apparently, during the last failed meeting (Thursday just gone) Dave Ward (according to some morning newspapers) was informed by Simon Thompson that the planned strikes, if they go ahead, WILL lead to job cuts.
Personally...I don't think the Board is joking.
As for Dave Ward and Terry Pullinger...what's going on here then? Pullinger - ill? Or perhaps its more the case that he is on 'garden leave'. Okay then - sidelined! And if so - why? Do we have a falling out among the Postal Executive? Did Pullinger, right from the very start (at that impromptu meeting with Vesa executives) understand just how serious Kretinsky was at perhaps trying to manuver himself into an outside chance of maybe having a shot at taking over RMG?
Because if that was behind Kretinsky's original thinking when beginning to accumulate his present holding...then it would seem that this outside chance has now materialized.
Pullinger, I believe, suspects (and has done for some time) just how dangerous this time around it is for the CWU and the posties. He, above all else, realizes just how fraught with disaster this strike action actually is. Did he have a falling out with Ward and co when trying to caution them of all this? Was the so called 'revelation' about his meeting with Vesa all that long time ago just an attempt to smear or discredit him because of his argument that the present situation needed to be handled more proportionately with the giving up or moderating of certain terms and conditions?
Whatever you tend to believe...it is all very peculiar to say the least.
Lots of people on here of late making lots of comments that make interesting reading. But there is only one game in town at the present...and its not the strike.
Its the table that Kretinsky sits at. And if you cannot understand that...then you just don't understand just how serious the situation is for every single employee in Royal Mail right now, here, at this very minute.
The Board aren't joking at splitting the company. And Kretinsky won't be joking either if he buys it.
No. But his cross-court exchanges will be just as hotly contested methinks.
Discounting the unexpected Bank Holiday Monday, I make it 5 days left till the Secretary of Industry's decision regarding Kretinsky's wish to increase his holding. That makes it one more working week then.
My own thoughts? Secretary of Industry will put the temporary blocks on it...far too fierecly contentious a subject at the moment. He will probably make the point that both sides have to extinguish all avenues of mediation first.
But after all that if no resolution?
Then it will more than likely be game on.
Interesting times ahead most certainly.
Does not bode well for the CWU and us hapless posties.
The Ice-Man waits.
Poor old Keir. After having watched the clip on Facebook of Dave Ward extolling the troops at the Labour party conference, insisting that Keir Starmer stands on the CWU picket line come Saturday, and capping it off by demanding the Labour party renationalize Royal Mail...I can well imaging Keir might not be too chuffed about being man-handled in this rather presumptuous manner.
I can see big Dave and co being put back into their box in the very near future. My, my...they ARE going to be upset!
Either that or Keir is going to be eating a bacon buttie come Saturday morning.
DON'T FORGET TONIGHT (7PM - CWU page) ON FACEBOOK!
Most important update ever by CWU...apparently.
Redundancies coming? Probably.
"Hi Red. My legal eagle is still here. She’s bought (me) a bungalow here now. I’m still a kept man. Not interested in getting another Porsche, I’m more into riding my bike."
You must have one hell of a c0ck on you, lad.
Fair play to you.
1. Have the board been colluding with Kretinsky? Why would they need to do that? To what purpose? No doubt Kretinsky (who owns over 20% of the company) does make suggestions to the board. And why not? He, along with other big investors (institutions) might well be able to remove the present board if they were not happy with the direction they were taking. Certainly nothing covert, underhanded or illegal about any of this.
2. Why should Kretinsky present a threat to national security? He is not pro-communist or a Putin fan. Far from it.
3. Why would he be bad for the U.K postal service? If he is prepared to use his own money to trim and streamline the company to make it fit for purpose, why should he be disqualified from doing so?
4. How would he be deemed detrimental to Royal Mail? In what way if he makes it more efficient and decreases costs and overheads?
Lots of rubbish been talked about Kretinsky. Of course he is in it to make a big killing. But he certainly won't be allowed to slaughter a 500 year old business that is still at the very heart of the UK's infrastructure.
5. And how can he be accused of profiteering? He can point to the fact that he was buying these shares when they were nearly £5.00 a share. Under the present circumstances that hardly sounds like profiteering does it?
I stand by what all the other posties have said regarding our 2% pay rise -- an absolute disgrace!!
But I also stand by what I stated right at the start of this dispute: the posties cannot win this dispute...not this time they can't.
Kretinsky will get the nod. And he might well be the only viable way forward for RMG...regrettably.
...cometh the hour...cometh the Ice-Man.
emergency meeting with CWU.
the Ice-Man cometh.
Why has an RNS not yet been released?
this is going to need very careful timing.
Soon...the 'Ice Man' cometh.
regarding the fortunes of Royal Mail's near future share price right now at this present moment...Kretinsky.
The rest is just a side-show.
In other words: it rests just solely on the shoulders of one man. And that 'one man' is not Kretinsky.
Hope he has the b@lls to make the unpopular decision...and then take all the massive amount of flak that will surely go with it.
still might fall further yet though. Will be buying again if it does...but will leave it a few more days just to see how things start panning out.
Kretinsky will know by the end of next week, at the very latest, the Secretary of State's decision regarding increasing his present holding or not.
Things are starting to look very interesting indeed.
Give Kretinsky the nod...and it becomes a totally different ball game from here on in.
...............................................!?
if he really wants to.
Secretary of State would find it difficult to block it in the name of "National Security" alone. On what legal grounds? He is Putin's best buddy perhaps or he wants to undermine our economy in the name of sacred communism?
And what is to stop Kretinsky partnering with any other big investor and then both parties declaring a "Party Group" interest?
And as for "Secret Talks"...why the need for secret talks?
Kretinsky does not need the board's consent to bid for this company...nor could the board stop him either.
And of course he has suggested things to the board. No surprises there also. He owns 22% of the company for ***** sake.
Go on YouTube and print the following into the search box: Railnet - Royal Mail's £150m Waste.
Explains the past -- the wasted opportunities -- the criminal neglect...and the way forward for a bright new future.
Watch it. Its only 17 minutes long...and explains in intricate detail what I have been trying to explain to you all for the past 12 months at least.
You will not regret this small investment in time.
...Scancell stock. 8.72p a pop. Look me up: DodgeyDealer *0001*.
Cheers!
Not long now before Kretinsky gets the nod to carry on buying...and he WILL get the nod.
The company WILL be split...
and GLS WILL be partly sold off.
Whether Kretinsky is allowed to bid for the company is another matter...I think YES myself.
As a postie I am truly gob-smacked at the present state of affairs.
But lose my job or no...if all the above comes about I will still be laughing all the way to the bank...via the Unemployment Centre that is.
"HUNT, has clarified it for you. These shares are not given they are offered for future redemption at a predetermined date.
Many things will determine their availability at that time. So any discussion is best done after a clear understanding, or some will be aggrieved for little or no reason."
But thats exactly the point, Redceo: your average postie doesn't even know who Daniel Kretinsky is...never mind understand your above explanation. Nor would they care to understand it either.
The problem is, how is it all going to be perceived by the CWU and the average postie?
Answer -- BADLY!!!
As OliGarch has just so reported; and something I predicted in my previous comment...not that I had to be some kind of genius to predict the union's response when they got wind of it.
Oh for Gawd's sake......talk about componding the problem.