Member Info for Watchman007

It’s worth whatever you can get for it when you sell it. The anonymous agent values it at £10 or more so he may have to wait a while if he can afford it. Supply and demand as he likes to parrot. ATM not much demand north of £4

Big week coming. Interested to see how US acquisitions have added to bottom line

romaron. Good to see this country's security is in safe hands. ;-/ See you in the bunker.

Sheltie "Just wasn't enough up-side in his posts" I could say something but I'll leave it unsaid :-) Anyway in more lucid moments there seems to be an acceptance that this is indeed doing what you observed - bumbling along between 380 and 450. Totally agree not worth watching hour by hour unless you're a day trader. What could happen after March update - lets see!

Have a great day yourself Sheltie

https://www.fox26houston.com/video/867957
With thanks to Bobacaca

They have a further nine or ten months

Lending. Thanks for educating me.

Hi Lending. With regards incentivization my only observation is that they seem to have set aside a substantial sum to put shares in treasury. I know as a percentage of their market value it seems insignificant but last time I looked their employee share scheme was the fourth highest owner at 57.9m shares. That accounts for 9% of shares total. Any thoughts?

The Science and Technology page was active this morning on DT website with ML and a Dr from Loughboro Uni as the only two members.
Taken down today so looks like they've severed official ties with Dr Lynch.
Good thing IMO. Now they can focus on delivering results and putting some clear water between them and ML

Its still showing as owning 10%
39.55% Schroder Investment Management Limited 324,959,921 £1.5b
**** 9.99% IP Group Plc 82,062,144 £370.9m ****
4.97% Redmile Group, LLC 40,817,120 £184.5m
4.11% GIC Pte. Ltd. 33,731,140 £152.5m
Not sure about lock up period in ONT but usually 6 months

He doubted the amount of compensation claimed. He didn't doubt the fact that underhand accounting had taken place.
His final judgement is going to interested parties this week I believe. Bit like Sue Gray :-)

N99. From the judgement by the British judge he said that selling hardware pretending it was software was fraudulent. As Lynch was presenting Autonomy as a 'pure play' software company it'd be a tad inconvenient to mention that 'by the way, we bundle hardware in with our products' Another point he found ML guilty of was ramping VAR sales at the end of reporting quarters to 'friendly' customers (paper sales were no money actually changed hands). This had the effect of keeping sales on forecast when they wouldn't have been otherwise. As long as Poppy & co can prove plausible deniability Dr Lynch is going to carry the can for this.

The same will apply to central London stores. With more tourists this year (hopefully) the Oxford St, Regent St, Bond St & Knightsbridge stores will see an uplift.

From what I can gather from the initial findings of the civil case by far the biggest fraud was the hiding or misrepresenting of hardware sales as software sales. There was no cost of goods included in the accounts and in order to hide his from the markets they sought and attained the approval of the auditors! That being said its not clear if the auditors were in possession of the true story.

All that being said I think its a bit of a leap to see any more cases being brought against other ex Autonomy employees.
I daresay Institutional investors will wait this out until things become clearer in a year or so.
Better legal brains than mine (very low bar) can pick over the initial findings here.
https://www.judiciary.uk/wp-content/uploads/2022/01/Autonomy-v-Lynch-summary-280122.pdf

Wyndrum
Terminals are open but not much traffic yet. Will be better when business and tourism picks up later in the year.

Going to be an interesting conversation at the next Science & Technology Committee meeting.

I (and Seaking) said "if". I hope that your scenario plays out. Nobody was saying it would tank.

Don't see that happening. ML doesn't need to sell. Seaking asked yesterday if the SP tanks tomorrow morning through knee-jerk reaction would you top up? If it hit 350 I think I would.

ML is a clever old sausage. With appeals he'll be staying here for a while yet. Probably best for DT to get some distance between them now. Sounds like he got up to some pretty dodgy stuff.