Member Info for The.Crowman

I have said from the start to expect the unexpected and this is truly that, WG in dialogue with Sidara with 35p on the table. Sheesh.

We have been conned. I will lose 10k on that number. I never belived the discussions might be below 60p.

I only hope this is their first offer or indeed PE see better value and bid. Some how this I expect will be it and the BoD will take it and probably keep their jobs.

Its been an AIM stock afterall. Does anyone in the UK know how to run a company any more - I am starting to doubt it.

LucaMacLeod - I really hate it when the education system leaves someone behind.

Sympathies.

@LucaMacLeod - English comprehension not your strong point.

Time indeed to give your head a wobble - if it might help.

we are truly up **** creek if that was the price raised to offer the books up. indeed if you are correct this is petrofac mk2.

which even now i am sure it is not.

roll on the 17th - we will know whether this was all a charade or for at least recent 'investors' a bit of a payday.

what to do if they back out? it for me depends on what wg have to say. it will then be sell (painful) or add (risky). i will probably do the latter if the price is right - ie sub 15p.

".they either go 10p or £1 ...and anything over £1 is a lifechanging moment . "

Not so sure it is. Well certainly not for those who bought when WG was well over a pound. Truth is WG have been rather economical with the truth dare I even say deceptive and holders are faced with either a near certain loss or exposure to likely further untruths.

Did anyone think Delloites report would still be awaited and result in suspension (I accept this could be a tactic to soften holders into a low bid from Sidara)?

What possible motivation do WG have to go down this route given the stated historical now defunct division this relates to - why not resouce the task and get the investigation completed to allow the accounts to be signed off?

Nothing currently adds up here and that was not the position WG implied back in November.

If this was a card game I think we are on the 'blind dogs' hand.

ProfitJock

Filtered - As you deserve to be.

@ProfitJock - I very much hope one day you are correct.

To date however you are doing a good impression of 'Comical Ali' in Baghdad as the US troops enter the main square.

Ease up on the ramping please.

Agreed on that - Sid have the dream shot to nick WG.

If they walk it will be down to WG to explain why the company is worth more and on reflection if that is not forthcoming on the 17th I will take the hit - six figures I would expect.

Crowman, will you hold through suspension?

Yes. The risk here IMV is the prospect of any further issues being raised. The last RNS seemed almost a prelude to Ken saying its not my fault - skullduggery was at play. Along way from the almost technicality impression given back in Feb around Delloites findings - already three months in at that point. Now we are five months downs the tracks and they still cannot definitively say whats what beyond its serious and by implication worse.

The notion it was an expectations reset by WG to what would be acceptable from Sidera - Politico style which when announced is better than folk expect I have not ruled out.

I still beleive if WG wanted a quicker outcome they simply had to pay more for it from Delloites - the cost of not doing so is far more expensive as the sp currently shows.

As others have said who knows but it aint investing - this is pure gambling at the moment.

I very much hope I am talking rubbish.

Not posted for a while but read the unfiltered posts on here.

This clearly is no longer a win win for holders post Nov 24. The silence from WG beyond the last (IMV horrific) rns is the most troubling. What was said and what was not said are of equal concern.

Rays of hope pre suspension - the issuses are not significant in ££ terms and the EBIT will keep them within their banking terms, equally the refinancing is not the issue some of the bashers suggest.

Sidara I was sure would be buyers at a price - if they have seen real blood they may well walk away to see what they can buy off individually - my hope is they have not and will simply take advantage of the current market/situation and bid to allow agreement - I was never of the opinion it would be near their last - now I think they will get agreement from WG for 80p or thereabouts.

If no agreement then its either they see WG as finished and they will be back as vultures or WG believe they do not need their bid and can trade out of this. It will be one or the other now which is obv's not my original thinking.

From £45k up to £50k down I am kicking myself for taking too much trust in the earlier RNS's. The lack of reassurance is deeply concerning.

Finally the penny has dropped.

MM is strategically looking to take it all back and do so at zip all prices. This has been the plan since I beleive early last year.

I fail to see how he will not achieve his goal - PI's and II's have been done up like a kipper.

It is quite clear should the conversations underway with Sidera have any purpose the sp needs to rise considerably before any agreed bid is announced.

To that end WG must have a bit of better news to share - Deloittes report and the non issue of its contents alongside a contract or three.

Then a offer from Sidera of £1.60 possibly contended by others - Worley?

Thats my best case scenario for WG being a bargain at current levels.

The reverse is ... well its the reverse.

I have voted against - hopefully this will not go through.

As much as I wish to be proved wrong this is highly unlikely to improve the sp of CPI at all.

I very much wish I had sold the lot last late summer when 22p plus was on the bid. I doubt this will be the equivalent for years to come if at all.

Regretably I am near certain its b.

No chance at 14p but at £1.50 a 100m extra or the usual £150m to save xxx and keep the lights on for a year longer is what the form book screams here now.

@Kamyk Far too many.

@Gambiny - Totally agree.

I have yet to see a 15.1 consolidation do anything other than cause the sp to go lower. IMV this is a precursor to another capital raise this time shares rather than bits of the business.

If we got to 15p I would sell my 2m shares here and never look back.

@ Ice.

My post was a discussion point - the hopes and desires are well covered the rational debate on the counter side less well covered.

Did not mean to be too contentious and for context I own just shy of 500k shares here as of tonight. My summary point was if all is coming up roses why have we gone from 45p to 38p if someone is currently about to offer north of £1.40 a share.

It currently does not add up or indeed make any sense.

My take ....

Clearly more sellers than buyers - the data on sells and buys is notoriously wrong.

The Deloittes tale is worse than expected or indeed claimed earlier. Has a cash impact and sizeable.

No one really thinks Sidera are serious with an acceptable offer. Some attempt to close the sp gap would have taken place if it were.

The BOD are using this as a charade to give them time to come up with a plan - any plan.

The silence since November has been deafening and the concerns grow.

We have all been taken for a ride.

Discuss.

I've never known a CEO go to such lengths to support a company.

He wants to rerun Ingenuity thats why. He effectively stole it when compared to his prior statements. This will be exactly the same.

Folk on here who hoped the worst of MM chicanery were behind then tonight must surely realise the THG game has really only just begun.

This is exactly what I expected with the end result a repurchase of THG by MM at a firesale price.

This RNS just moves the game on in his favour a further notch.

THG is actually worse than Quindell and that is some achievement - peeps will only have themselves to blame when this goes pop.

#Sozzles