Member Info for WolfofWarks

Mooky doesn’t have to justify $35m to a UK judge. It’s a payment from Newco and nothing to do with CW plc. Plus it’s for loss of office for him and the others being the executive leadership of the companies being transferred there is always a pay off.

It’s looks unjust, that doesn’t make it a point of law though and it certainly won’t railroad a multi billion dollar rescue that saves thousands of jobs.

'WolfofWarks - you know nothing, so please stop posting lies. They help no-one, except maybe your own ego.'

My ego, I'm not the one sitting here dispensing GCSE grade investment advice day in day out, even though no one is remotely interested in your simple ramblings.

Hosai - I think your 75% is extremely optimistic. What about the iis who are invested? I doubt they would have been impressed with the stunt at the AGM the other week and corporate governance is a massive issue for them, not to say that that defaults them to BH as that's far too simplistic.

Hi Poor - there is a clear distinction here between Mooky receiving something for his shares which was never going to happen and him receiving compensation for loss of office for relinquishing his executive role. I never said he will come out with nothing, I always suspected he would come out with something, perhaps CEO of the new company and a slice of Newco, but the lenders don't want him and to be honest I can't blame him.

You keep banging on about the RNS but it is only summary information. There is a detailed plan explaining how the rest of this plays out including the UK administration. As I said to you before the devil is in the detail. So if the UK process is not to throw out the plan how are current shareholders to receive something.? The idea that the del boy of the internet might be some kind of expert in UK law as well as maths is very amusing.

There are loads of reasons why the administration might not happen exactly to the planned timescale, for example they are yet to appoint a Newco board and there are minimum requirements in terms of the number of directors required for a company to exist. This might well all need to be in place before they can move Crown Holdings over to Newco.

Your pitch seems to be that because it hasn't happened yet it's in some kind of jeopardy, despite it being underpinned by a near absolute vote and judge sign off and the company telling you that they are going through the final motions.

This is the bit he has struggled with.

Ramping then pilling in at 400p and then decamping and shorting at 35p.

Hosai - We have no idea of how many Pis will vote. They are usually disinterested. Very few bite despite the mobilisation that is going on in the RevB board it still only represents a small amount of PI holdings. I didn't some rough cals last night and I reckon BH only need 5% of the vote and for every PI share not used that % declines.

I suspect Bob may now this - hence the more reconciliatory tone in the latest RNS. He's been all guns blazing up till now. Plus if BH goes to the regulator he could be in some bother with some of his actions and accusations, along with the general walking over of normal governance protocol - especially after he has taken the measures he has taken to correct the last misdemeanours.

Dean - The business at this point is an empty company with no assets.

'Hello, I'm with IG, can anyone give me guidance on how to cast votes on IG platform. I want everything to be ready. Thanks in advance'

IG sent me an email with a link to vote. I take it you've got shares and not a CFD or spread bet?

'All of these are via spread bet wolf.... Although there are over night fee's there is zero tax on profits.. '

I've got a couple of CFDs on at the minute and the interest costs are quite high now with the rate rises recent.

Is it the same with the SBs? I've never done one.

Agreed T4G.

What a c ock up by the RevB board though.

I think they are starting to look a bit desperate now as well, very amateur.

Shoddy governance and can't seem to get simple administrative tasks right.

PeePee - you're wasting a lot of are energy in spewing your simple investment tips at us day in day out. Can we just assume that as most of us are real investors that we know shares have downside as well as upside. Tips from someone who went long at the top and short at the bottom do not hold any credibility.

If you are going to impart your wisdom on us then at least tell us about your investments. You keep dodging questions which makes you hard to take seriously.

'he also thought mooky wouldn't be getting anything either 6 months ago.'

Poor - you're making s hit up now.

There is nothing to give shareholders. How you haven't fathomed this out yet is beyond belief. You're an expert in maths so get your calculator out and do some very basic sums and you will see how indebted the company is. I believe the judge called CW 'hopelessly insolvent' and reiterated at least twice that there was literally no chance of shareholders being 'in the money'.

If you can also let me know on what basis the UK courts will throw out a perfectly good plan and which has the support of 99% of the creditors that matter, that saves the company and tens of thousands of jobs, all so Poor, Maid it and Dean might not lose all of the money they have stupidly invested in this at the dying death.

Are you not getting creamed on transaction fees though?

I tend to buy a couple of time a month but never the same stocks, or maybe after the first purchase if the price settles if I am trying to find a bottom.

‘You would think boo would have requisitioned a second general meeting already, why are they delaying? They could have done it straight away post-AGM. ’

The second meeting is the one called over the weekend imo.

What’s an acceptable compromise here?

Neil Catto joining the board and an exit plan for Bob once they have conducted a proper search for a new CEO?

The BOD have a fiduciary duty which I’m pretty sure would have been breaches in that scenario.

I said ‘If’.

If you look at the RNS they are not holding. They are using some sort of financial instrument.

The devil is in the detail mate.

The first job of an administrator is to remove the board from power.

Mike Ashley is an interesting one because if they had let him takeover and he managed to replicate what he did with Frasers, as in get tough with landlords and close failing stores, Debenhams might have a good chance of still being here in bricks and mortar form.

Interesting.

I've watched loads of these AGMs online and they have been dull as ditchwater.

RevB would have been a corker!

HI Poor - If they have lent the shares out then they don't have a choice.

It's not like they are going to pull the rug out from under one of their clients.