Member Info for zinky

It would seem that the carnage the clowns created it much more difficult to resolve. The landscape is extremely difficult as that have significant problems. Insurance companies who what guaranteed funding and stability proven and then the crazy US plumbing network (need I say anymore). Yes possible to solve but at what cost and to whom. Someone mentioned legal redress - no chance as the risks were all well know (me for one adn there are others in my group) it was more the credibility and intellectual capacity of the directors who gambled and lost the stake.

Yes customers, I would expect would rate the repair of a leak favourable. The problem however is the management who could not manage an effective formulaic solution and bankrupted the company.

As posted previously (and shot down), the leakbot device - ok, self funded plumbing network - suicidal. End result an almighty mess and the reputations of many to be left in tatters.

Solution: well there's an interesting question

HomeServe and Woods understand each other, however HoneServe are not willing to fund this. I suspect they (HS) have told Woods to secure funding and restructure the company even if all shareholders take a massive haircut. You get the sense HS hold Woods responsible for letting the lunatics loose with strategy and funds.

HomeServe position is rather delicate. Loan has a 10 day notice period under certain provisions but has been extended until 2027.

It could have an ideal time to indicate that HoneServe are / would support any type of fund raise, however until HomeServe position was clarified WHY would anyone invest with such a debt overhang on any cash raised.

It does seem the position is precarious and not just a case of a cash call and "it will be ok".

Expect a buzz-cut

As the clowns have decimated investors capital due to incompetence, having the cavalry arrive is a statement of support. If it is HomeServe who insisted on the Cavalry my position is correct.

In these scenarios, you get the sense HomeServe have requested a forensic dissection of the mess the clowns have created. Can go either way as it could easily be "experiment failed" or "new investment inbound and a full restructure". BTW Clowns must exit the stage.

Looks like emergency "keep the lights on" raise is on its way. At least then a plan of action can be initiated and the removal of certain parties put in place.

Oak Bloke is out and no mention of re-entry

There is a strong sense of dismay in play and no updates.

Probably the first ONDO shareholder who has acknowledged that a tech company, should be a tech company. My points however remain the same that what is management trying to do except bankrupt the company.

He did and was bullish (against my better judgement) but he totally missed the suicidal plumbers network Craig set-up. The question is why was the plumbers network set-up and were the board (ok Mr Wood) using ONDO as tester to penetrate a marker concept using ONDA Shareholders as the sacrificial lambs. Anyway, its floundering and needs a miracle and if you are a shareholder "take cover".

Corrected (Thanks for the nod)

The Oak Bloke is level headed and good at grinding the details. He switched from WATR to ONDO after being chased by the ONDO "fan club". He agreed, there was a business play and gave it some mileage. Unfortunately the emperor clothes have been "shouted out" and ONDO is Toast. The writing has been on the wall for some time (myself and others) and if there is a chance, it needs mega cash and some stupid people fired.

The Oak Bloke is level headed and good at grinding the details. He switched from WATR to ONDO after being chased by the ONDO "fan club". He agreed, there was a business play and gave it some mileage. Unfortunately the emperor clothes have been "shouted out" and ONDO is Toast. The writing has been on the wall for some time (myself and others) and if there is a chance, it needs mega cash and some of the stupid people fired. Suspect however is it Toast and may be acquired.The Oak Bloke is level headed and good at gringing the details. He switched from WATR to ONDO after being chased by the ONDO "fan club". He agreed, there was a business play and gave it some milegae. Unfor

Yes we do have an interest, however it is a side show owned by the chairman (not ideal but may add to the value of WATR in the end). Better to divest when the company provides a positive position.

Mark Woods, becomes executive chairman at ONDO (to help out) - sounds more like rescue mission. Very odd he did not know the gravity of the carnage Craig has created. All the possibilities up in smoke and shareholders are now toast. Mark has good connections, so something may be created out of the car crash.

Agreed Mark Woods is a quality player, however do we really think he did not know Craig was doing. ONDO need reputation to manage the US contracts and Craig / Kevin plus the US sales guy give the impression of "toy town". Strongly suspect Mark will find a solution via the channel but current shareholders will be shafted. One ONDO guru seemed to think they were a plumbing outfit (as tech stinks) but the InsurTech is the key with contractual support for that tech. Watch, Wait, Learn.

ONDO finally work out that a plumbing network needs expertise and cash. ONDO are now Toast and no fund raise will solve the nightmare. They might get taken out but the death spiral is fully in play.

There lies the problem and ONDO are their disciples would not listen. You need huge amounts of cash to set up a network, especially as the insures passed the risk to ONDO. Fund raise will not solve this -- needs partner or a buy-out who can shake the tree.

US upstart blows $m's trying to disrupt WATR business. UK InsurTech company on edge of collapse as it runs out of funds.

The implementation of a US plumbing network was just suicide. Ok if you have partners and cash, but trying to set it up without the numbers - madness. If however the company has been sacrificed by parties looking to disrupt InsurTech then clever move. ONDO cash call - hum, ONDO acquired - possible