Member Info for win4call

I see companies house still reporting that accounts overdue despite Fooler stating they'd be delivered in May.

Also the corporate website has not been updated since the recent director changes. Next step administration ?

I hope you're right Hamilton but recent experience is that the THG share price rarely reacts positively to good news.

I can't see the VAT update - when it comes - making any difference to the share price. It's already in the public domain and expected.

The frustrating thing with THG is that everything is priced in , but then nothing is priced in. The only thing that would get this moving would be something totally out of the blue like MM quitting or Mars making an offer. Even with all the available tailwinds behind this, it still wouldn't go anywhere.

The specific resolutions states:-

AUTHORISE APPROPRIATION OF COMPANY'S PROFITS TO PAYMENT OF THE INGENUITY DISTRIBUTION AND AUTHORISE ENTRY INTO THE ELECTING SHAREHOLDERS AND DIRECTORS DEED OF RELEASE

So they are asking to use companys profits for payment of the ingenuity distribution. What profits are these and how much ? Are these profits that should be going to THG shareholders rather than in to Ingenuity ?

Vander, where was the info about change of chairman ?

Still no accounts yet been delivered but some interesting developments going on.

Fooler junior has been removed as a director, and Mark Hughes has also been removed as director and company secretary. New appointment of Michael Whyke as a director.

For me there are 2 questions regarding the latest shorting activity - where are they getting the shares from and who is buying them ?

I don't know whether any of this is 'naked' shorting or if they are borrowing from someone. I can only guess that the buyer is getting them from shorters because PI sales have dried up.

Now they are no longer a listed company, at present there isn't a 'recognised' mechanism for selling shares you hold in the company. I think they mentioned exploring putting in place a 'matched bargain' facility, where a broker looks to facilitate someone wanting to sell shares by mathcing with someone looking to buy , but I wouldn't trust Fooler to put that in place. Best case scenario is if you can find someone to buy your shares - but why would they want to ? Worst case - which is pretty much the totality of the position now - your shares in this company are worthless and you have lost all the money you invested in this POS.

I doubt Mouldy will be bothered about reputation any more even though he clearly puts effort in to remove negative postings. I'm sure it will just add to his determination to take this private and , at the same time, stick 2 fingers up to the city and shareholders who've been so critical of him.

Traders once again whipped Mouldys pants down - assuming he even cares about the SP of HIS company (for it is his company and shareholders are just collateral damage). City continue to take the ‘p’ out of the failed upstart.

I thought we might’ve heard from Dr Maccers aa he genuinely brought a slightly more upbeat perspective to developments and seemed reasonably confident that a new NOMAD could be onboarded.

Good luck to all, whether you were still a holder or already exited, whether you made or lost money on this share.

Quite possibly the most truthful RNS Fowler has ever issued.

No more jam it seems.

Re-reading last months Trading Statement RNS with the announcements of NOMAD and director resignations, there was actually very little said by way of steps to address retaining their AIM status.

"We have announced the resignations of two directors and the NOMAD. We are currently undertaking a restructuring of the Board and advisor arrangements better to suit the future needs of the Group. We remain mindful of our need to secure adequate funding and that global events can still impact business outlook."

Restructuring board and advisor arrangements doesn't indicate to me that they planned to appoint a NOMAD or meet minimum board governance requirements. The statement also confirms that they need to secure funding ('adequate' ?).

I think tomorrow (or Friday latest) will just be confirmation. As previously stated it will likely be the minimal formal wording.

Au revoir.

This is a city traders share - they can take it down to a level, fill up whilst holding it down, and then ramp it up to a level where they sell out and let it deflate back down again. Rinse and repeat.

This isn't shorters or Mouldy, just professionals who know that the SP will never be refletive of the company again. No wonder Mouldy wants to take it private.

Linton - agree, I think we’ll just see a brief perfunctory statement confirming cancellation of AIM listing and that will be it.

Fooler will be relieved that he no longer has to contrive anymore ‘jam tomorrow’ jackanory stories to con shareholders in to believing this was a company worthy of investment.

Sad for those stuck in this , there’s many been fooled by the Fooler.

NED's not needed where this is going.

Waste of time trying to provide oversight to Fooler anyway.

Another non-exec walks - what chance of signing a new Nomad now ?

Personally, I don’t anticipate a new Nomad being appointed in time to keep their AIM listing. There’ll be some excuse regarding lack of time etc. but I doubt they are even trying to get one appointed.

A public listing is generally of no use to Fooler anymore and he pretty much hinted as such in messages regarding the strategic review. They’ve not been able to tap the markets and issue confetti for a number of years now - private investors have been fully milked so no longer serve a purpose. Keeping a listing is expensive, especially for a company that has very little money and has spent the last couple of years reducing costs by cutting costs. Now we have Fooler as Chairman and CEO to save a few quid and they probably can’t afford to replace the recently departed NED.

As you can see, it’ll be a massive surprise to me if this trades again on the LSE.

Nice to see a few of the old timers here for one last hurrah. A few more weeks and there'll be no SP to mull over and the posting here will dwindle much like the share price has done, down to nothing.

No chance - happens all the time without repercussions.