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People have posted many warnings here === ignored.
People have provided clear evidence that matters such as the EGM were clearly notified by RNS === ignored.
People have pointed out that online brokers simply act as intermediaries to facilitate the trading of shares and their terms & conditions will clearly state it is the responsibility of investors to inform themselves === ignored
Is it not true that those complaining have simply chosen to ignore anything that they find disagreeable?
Just an observation, no offence intended, please feel free to ignore!
I will indeed correct you!!!
I don't consider myself smarter than anyone & have of course suffered losses which I try my best to learn from.
If I am defensive it is only because of the hostility I encounter simply from having sometimes contrary views
On the contrary Woodstock that is something we have in common and my posts have been consistent throughout, although many have been reported & removed for not conforming to the ramptastic agenda.
I seem to remember Scully as the worst ramping offender.
No Woodstock, I'm an independent private investor like yourself. I don't however share your belief that 'the system' is inherently corrupt. Folk seem to have the need to apportion blame for their losses, be it brokers, nomads, market makers, bods, 'the market' (especially aim) or whatever, but rarely accept their own shortcomings. Most losses are caused by irrational decisions based on unrealistic expectations in my experience.
Only my opinion of course & I respect your 'right to fight' if that is what you truly believe.
Best regards
It's sadly all too common for anyone who posts an opinion that doesn't conform to an over-optimistic viewpoint to be subjected to bullying in an attempt to silence them, yet the idea of these boards is for the sharing of all viewpoints. Anyone who was around at the time the Flybe accounts were published will remember that many posters raised serious concerns, however they were shot down in flames by the rampers who dominated the board at that time and even had many of those posts reported & removed.
Fair play if folk genuinely believe they have been wronged & want redress, but if others cannot see a credible case then it's surely important that they are free to contribute accordingly.
As things stand, anyone buying at today's price is paying many multiples of what is on offer and stand to lose 75-100% of their investment if things unfold as expected. They will clearly only take that risk if they believe there is likelihood of a better offer or more favourable outcome. If unbalanced optimism is not challenged there is a danger that people will get caught up in the narrative and have a false sense of the risk involved.
In my opinion, which I believe I am entitled not only to hold but also to share on a public BB, there is very questionable 'evidence' of impropriety and any action against the BOD is highly likely to be unsuccessful. Furthermore, I can see a genuine risk that any delay in concluding the agreed rescue package may well result in Flybe going under leaving shareholders with nothing.
Ask: 4.10p, Offer: 1p ...make your own mind up.
Best of luck to all regardless
"risk crystallised and there was no announcement to that effect"
I am not aware of a requirement to report any more to the market than they did. I was certainly not alone in successfully reading the situation from the information provided. A company cannot be held responsible for the rose-tinted, head-in-the-sand, irrational greed of investors who refuse to listen to anything that threatens their rainbow-chasing dreams.
"the deterioration of liquidity ascribed to the credit card companies"
Very clearly stated in the accounts released November 2018 - No requirement for further RNS announcements as far as I can see.
Any suggested wrongdoing should be qualified as such and not stated as fact (unless proven) as this is misleading if not libellous.
You have complained to the FCA but that does not mean they have not fully complied with all regulations and I would be extremely surprised if that were not the case.
As far as I can see the BOD have worked closely with all parties to arrive at a workable rescue deal, which I imagine was very difficult to achieve. I can understand shareholders' disappointment at having to bare considerable loss on their investment but the desire to pin the blame on management is perhaps misguided as I have yet to see any evidence to support it.
Taverham >> "Given how the BOD have not complied with FCA rules"
From what I can see they have clearly followed expert legal advice at every step of the way
"The fat lady is waiting in the wings...those with sensitive ears, keep them covered!"
https://www.youtube.com/watch?v=zvc1yzohPXI&t=15s
It's nearly a year since the product was supposed to launch and the only thing which is clear is that nothing is clear. Most investors in LION seem to have little idea what they have invested in.
Meanwhile it seems highly likely that more than 50% of the 3 year exclusivity deal given to Lionsgold when they took a stake in Railsbank will have lapsed before the product is even launched.
It is difficult to see how investors could cut CP any more slack, yet he has still yet to deliver on anything whatsoever.
I fail to see how there will be a positive outcome here.
1p or nothing imho
BrownAdder >> "its definitely in profit albeit not huge"
According to their most recent accounts they have a very modest turnover and are running at a significant loss
What single material thing have Railsbank actually achieved to date that would translate to a profit on their balance sheet?
Obviously somewhere there is a secret school for executive bullsh!t
People get all caught up in 'the fundementals' of a share they are invested in but everyone has the same end game which is to try & exploit SP movements to their advantage. Most folk who champion a share only do so because they are hoping to maximise a long position, once that 'certainty' is no longer there, unless they are under water, most rational investors move on. There are countless examples of 'great' companies with declining SP and likewise truly unjustifiable rises. Truth is the SP moves on sentiment not fundementals.
It is perfectly reasonable, or at least it should be, for anyone to navigate any site they choose and draw whatever conclusions they will. BMN is a 'hot' chat topic so will naturally attract curiosity. There has been a very impressive rise here historically and it is natural to try and assess the likelihood of that continuing. As I said - IN MY OPINION - share price is sentiment driven and that sentiment can turn in an instant. As per my 'red flag' post it is my experience that when the tone of posts becomes fanatically over-protective and there are abusive cries of troll/disruptive/deramper etc desperately trying to silence any view that does not toe the line then there is a clear sign that confidence is waning. Regardless of fundementals, news etc this typically illustrates a turning point in the market. You insist the SP will double from here - I hear "be careful it may half". I may of course be wrong but I am nevertheless entitled to my opinion and, despite the loud protestations of some cyber-bullies, am also entitled to post it in a public forum intended for all viewpoints.
IMO
By far the biggest red flag in any investment decision surely has to be when folk gang up in an attempt to silence anyone with a contrary view that doesn't fit their rose-tinted, head-in-the-sand agenda. The only logical conclusion is that the so-called 'ramper' LTHs are so concerned that they feel the need to drown out the so-called 'deramping trolls' with their 'well-researched' fundamental nonsense (if only to try & convince themselves!).
If BB posts were in any way an indicator of future SP movements, a casual visitor here could surely be forgiven for thinking there is an almighty fall heading this way.
Of course if anyone were to voice such an opinion they would be immediately reported & their post removed.
Balance? - Don't make me laugh!
Google lists no material achievements whatsoever.
You are keen to sling insults but logic says that you are unwilling to answer because you are unable.
5 achievements that might reflect on their balance sheet?
3?
1?
"Railsbank has achieved more in the last year than LION has managed to do in its lifespan"
Please could you elaborate djwall1s?!
Is there not a danger of simply seeing what you want to see???
Blame anyone but yourself???
GL regardless
It is nearly a year since Lionsgold took a stake in Railsbank valuing it at £10 million but what do we actually know of this company?
Was anyone else prepared to take a stake at a commensurate rate & if not how was this pie in the sky valuation arrived at?
Have they *ever* made a profit?
What have they actually done/achieved in the last year?
Any experienced programmer might surely query what can actually be achieved with just '5 lines of code'?
Are they yet another big it up 'all talk' outfit taking folk for a ride with their fantasy vision of world dominance?
Has anyone even heard of Railsbank outside of pat each other on the back conferences?
etc
etc
etc