RE: Shock and Ore22 Oct 2020 11:18
Quindell
SXX
Xcite
CGP
The BoD know everything obviously. They know when the time is right to rip shareholders off (Quindell), they know when they are not going to be able to get the debt funding package but keep it from shareholders for too long (SXX) they know when they have overspent and are running on fresh air but dont tell the shareholders (Xcite). Apparently they know when they believe their partner company is withholding technical added value information from shareholders (as in the CGP and Solg spat).
The message here is NOT to TRUST the BoD. Hear what they say, analyse the data, carry out DD but above all, hope and pray the BoD are not leading shareholders a merry dance to meet their own personal goals.
It's too late after the event. And there are a significant number of unscrupulous CEO's out there who will take your money and run.
I guess it's all about ones attitude to risk. I wouldn't trust ANY of them.
Z