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Amazing how quickly the positive sentiment evaporates - all the good news is yesterday's news and the market credits nothing but hard sales.

Buy and hold has not been a winning strategy here - trading on spikes and pullbacks would've been more so.

"...still got large volume". Maybe, but little liquidity to sell with Barclays - max sale amount, a paltry 1500 shares....

Below 40p again.

I thought we might've seen a further leg up this morning as the market digested yesterday's good news, but no!

Amazing how quickly positive sentiment evaporates with Saietta. They're doing (mostly) everything right, but this market won't credit anything other than hard sales.

I love your posts SB - a man who asks the right questions.

Silly comment. Negative views are no more whining than positive ones are rampy. All views should be welcomed.

And I'll keep my shares thanks - THG has been an excellent trading share and with more left-field ego-boosting stunts like this, I'm sure there'll be many more trading opportunities as I continue riding the MM rodeo.

Rock, it isn't logical, it's simply a continuation of Moulding's typical behaviour which he has demonstrated from the outset - treating THG as his personal fiefdom rather than a PLC, despite hiring a Chairman and promising better governance. Sadly, logic doesn't come into these decisions. I'm afraid these left-field stunts are what you get when investing with a 'maverick' entrepreneur.

Rock, understand the man and you'll understand the move... which makes it our problem ....

It's a megaphone for MM to shout and rant at the City. A boost to his ego and a total distraction. He should've bought City AM out of his private money.

Happy to change the title to 'Loved EKF' (lol) - itching to do so in fact - but let's get some proof positive first, because confidence has been shaken.

Today's trading update promises great improvements sometime in the future..... market reaction speaks volumes.

A portfolio of 30 shares would keep anyone busy full-time, if researching fully. How do you then find all the time to post here?

26p to sell this morning, this share is a continual disappointment. What will it take for the company's shares to break out of this very depressed range?

If I could just shut my laptop down and then look again in a couple of years, I suspect that this (and many of my other shares) would be in perfectly good shape. If only I had the patience!

Yes. Trying to understand, I'm now thinking they very deliberately kitchen sinked all the bad news at once, so to give the new CEO a nice clean sheet going forward. A classic ruse. So my take is that indeed the market's been over-spooked by what is a genuinely awful update. Today's v good inflation news and consequent lowering of interest rate expectations will help our marvellous yet to be announced CEO, who'll take the credit (and the bonus) for any recovery from here. Balance of risk, it's worth a top-up... and I have.

And the CEO departs the sinking ship. Of course he does.

Dear oh dear, I do pick 'em.

Interesting discussion. What is influence, what is control? How to define the independence (of the directors)? Just statutory or in reality? Having seen Boohoo call the shots in this recent boardroom coup, it's hard for me to believe that the new REVB board will be truly independent of Boohoo's framework.

Anyway, I'd be happy if this now ends the distraction for Boohoo management.

That headline figure of net debt to EBITDA of 5.5 may well be spooking markets in this climate.

That's a fair point 404. Holt is not a retailer per se, but an experienced 'corporate man', so maybe they think they can do better going forward. The share awards thing, however, is b/s.... hyperbole said in the heat of battle... Boohoo's own share award arrangements scream "pot, kettle, black". It looks like Boohoo is indulging in a bit of empire building, so your comment about removing barriers to control is salient. As said, Holt is too independently minded for Boohoo's tastes - which is a pity for REVB shareholders.

Possibly, but the thing is, they're not saying... so we're left to guess at the reason. Bob Holt is an experienced operator. My take is they (Boohoo) couldn't be sure Holt would tow the Boohoo line, i.e. act independently. If I was a REVB shareholder, I'd want the management to act exclusively in the interests of the company, without any hint of a conflict of interest with Boohoo. Anyway, Boohoo has won this fight so we'll never know if REVB might have done better under Holt's ongoing management than Boohoo's people. If they can make their investment work, I guess as a BOO shareholder it's a net positive for me, speaking selfishly.

I never did understand (and they don't say) what Boohoo had against Bob Holt and why they think that their nominee will do any better for REVB. Have I missed something?

Thank you gents, but I'm no oracle. I personally welcome all views, incl that the co. might go bust, but to be civil about it.

We might want to add a 5th possibility to the list, which is that the co. manages to trade its way into a better situation by booking some meaningful sales. That wouldn't be an end in itself, but more likely a stepping stone along a journey towards an equity raise or a sale/part sale of the business at levels more rewarding for current shareholders. It's still very early days since approval and the Philips deal.

Final thought. We shouldn't be too hard on ourselves or each other. No one is making money in UK small caps, esp pre-profitable ones atm. We must be going through one of the toughest investment climates ever, as we unravel a decade of free money. People holding onto companies like POLX must be hoping the investment climate changes, i.e. inflation tamed, interest rate/discount rate/'risk free' rate drops, and companies which have had their valuations utterly depressed receive a big boost. That's my hope. No guarantees though. Patience and a strong stomach required.