Member Info for shamI89

People need to have their money taken off them for their own benefit.There are two best case scenarios neither of which leave shareholders any money but you have some gamblers buying it.

Brand has some value, buying it out of administration is best outcome for JD , he can leave loss-making stores with administrators along with other hmrc liabilities but that might not be acceptable for lenders.

That would result in company being placed into administration.Cheeky buggers want to raise money from shareholders and then shaft them through delisting.

When shares will be delisted?It is a complete wipeout here.

On the flip side if it fails to hit targets then there will be serious cashflow problems as debt repayments would need to be moved forward. There is nothing new in this RNS so why did they not release it with quarterly production update?

He still has more than 4.5% to dump.

Game was up when they said they have exceeded the budget and need more money and worst thing is they did not even know how much money they needed.Shareholders were going to get wiped out at that point.Shareprice hit 16 and a few people got in for a quick trade and rest is as they say is history.Someone has made a lot of money here and half a billion has gone to waste.

Too many people have lost their shirts on these sort of plays, in this sort of "p&d" final outcome is same.

Deserves to lose money, why would you invest when company states "there wont be any value left for existing shareholders".

Spot on, at least that would put a floor.At this rate shareprice will keep on sliding.There is a background seller and buying pressure is not existent.

It is his typical style to dangle carront in front of investors before moving ahead with placing.

Management seems to be out of depth, they raised 10 millions not so long ago and have burnt through that.Product is there,demand is there but incompetent management has ruined it.Right now you would want to hold these to get shafted by management when they announce placement.

He should have stated cash position and that would have clarified the situation to certain extent.Witholding that information only means one thing and that is "placing".Market adjusted placing price to 5p but there is a seller in background.Even if they were to place new shares today it has to be carried out at a discount to current price.

Lol, looks like you have taken position way too early,should have waited for placing!

Who is dumping these shares you reckon?What other options do these lot have apart from placing?

Way it is going it looks like it will run out of money soon.Placing on the way.

Problem is lenders are protected,if it was to go into administration they will get most of their money back.Shareholders wont get anything.Right now liabilities exceed assets by 41 millions but do think brand has some value.Hillco specialises in buying companies out of administration.Current cash-burn is 1.5 millions per week and revenue is falling.

That should have been RNSd ,why would he announce it on twitter?

People are still buying it, CEO and co-founder does not see any value but our mug punters know more.

Having said that if they announxe tomorrow that these shares would be delisted next week and wont have any value lefylt, you will still get some mug punters buying these.