Share
544 Posts.
lightbulb Created with Sketch. 127
clock Created with Sketch.
11/08/23
09:44
Share
Originally posted by JabraD:
↑
So they raise a crap load, pay the owner out give her shares, they get paid Director fees and bonuses whatever based on the deal, share price collapses cause the business isnt making as much as it was supposed to make (wheres the DD?), then they sell the business for a massive discount and theyll probably get a bonus for that as well. So the only ones who got screwed here are shareholders. Look I wouldnt care if the business actually failed after a couple of years if the product become obsolete etc, but the fact that this has all happened in less than a year and the fact that there should of or apparently been extensive DD on this deal (who wouldn't do it if they spending 20 million on it) for it to fail and not reach any of the heights just 3 months later is so dodgy. The sooner this company delists the sooner these guys are out of the spotlight from the public which for them would be blessing in disguise cause I can imagine there are alot of furious holders right now wanting to take action before this wounds up and these guys disappear into the limelight.
Expand
It all ads up why they would not release and show us the details of THM books for the previous financial year prior to buying it. what a bunch of incompetent storytelling muppets