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I would sack him on the spot-show some leadership.Toxic
Evening all
I believe it’s about 30 years-and Eggleston is still there
Jam tomorrow after an appalling profit warning
Looks like a paintball facility in the making though I may be wrong
Crazy times-£400m order book and I’m told the investor visit yesterday was fine.The numbers are worst case which is sensible given previous disappointments
I’m setting off this morning-see you there!
At last-major rerate coming.Well done
This company has all the traits of a boiler room-massively overvalued shell with a problem with auditors, poor quality Comms, pipedream fantasy island ‘opportunities’, no assets, an author of RNSs without keyboard skills(block capital car crash)most of the stock acquired for nothing as sweet equity.Have I missed anything?
Ah yes-the shellmeister himself in attendance!
Next issue-new Regs on Standard list companies coming
The problem for Wcat is the forthcoming new rules on Standard List shells-the CEO is going to have to do something with it in the short term but the pipedream of oil in third world terror countries is over
I backed this company at outset and like JM who appeared honest and hardworking-I’ve even got a paperweight made of nickel from him.
I sold out a few years ago-more by good fortune than anything clever.
Hugely disappointing after all the effort for everyone
It’s got some value as a shell but he and his chorus need to get out of the way
Well a few of us saw this coming-it’s worth nothing
I heard Mac took up golf recently and on his first round, he scored 18 holes in one.Amazing
What a load of BS-and no commentary on the dwindling shelf life of the Standard List shell.That’s right guys-it’s a shell.
I bought a lot in the Placing-EIS.Cheap as chips
It was a billion only 2 years ago
Nomad, annual listing fees,PLC audit costs, PR, non execs, AGM-it all adds up and I’ve listed a few companies in my time
As for my ‘visionary’ avoidance of this one, I would have invested had it not been for the history with nomads.But as soon as Putin invaded, I would have bailed out.I have consistently said throughout that the company is uninvestable whilst Putin is conducting his war.The evidence was there with Raven Russia and I know the founders who moved quickly to delist
I’m writing a book on poster behaviour on stocks like this-most of the material comes from dogs.Similar book to ‘The Signs were there’ which I recommend as a good read.Im an accountant so poster stuff gives a different dimension to just looking at numbers.
There is a lot of chat about companies coming off the market because it’s punishing indiscriminately at the moment.Basically delisting and becoming private companies due to poor sentiment and costs with being a plc.Not suggesting EUA will do the same but it must be costing them £500k pa to stay listed-a lot of money with no cashflow
I did say the chemistry was debatable a while ago
I gave it a miss simply because of past history with nomads-the presentation looked quite compelling !