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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Worthington Group Plc | WRN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 87.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 87.00 | 87.00 |
| Industry Sector |
|---|
| PERSONAL GOODS |
| Top Posts |
|---|
Posted at 23/11/2022 12:39 by sweet karolina2 The old adage you can't con an honest person does spring to mind. Also what the judge who sent AE down last time said:"Judge Denis Lloyd told Earley: ''When you deal with other people's money and public money, you must account for how you do it.'' The Judge added that he felt little sympathy for greedy investors who had given Earley their money." However there were a lot of ordinary decent people who bought their shares in Main Market (forget to mention Standard) Official List WRN in the normal ways PIs buy shares. Yes it looked too good to be true and indeed it was not true, but only some were tipped the wink to get out before suspension, whilst others were piling in to what they had been led to believe, through RNSs and other IR comms channels was going to be a multi £Bn global conglomerate (classic pump and dump). This was not a victimless crime and did not just impact the stupid and greedy. That is why there are laws to protect ordinary people against this sort of thing and why regulators exist to prosecute those who break them. The WRN 5 are being prosecuted because FCA have sufficient evidence to bring the charges, it has nothing at all to do with what anyone has posted or will post on a BB and those who try to insinuate that it does are clearly the real slimeballs. The trouble is it will be 10 years after the event by the time the verdict is in and nearly everyone will have forgotten the ordinary victims. However, in the morning and at the going down of the WRN 5, we will remember them. |
Posted at 19/11/2022 10:27 by filthylucre01 In the US, Elizabeth Holmes has been just been sentenced to 11 years in prison for defrauding investors. |
Posted at 19/11/2022 00:08 by sweet karolina2 Perhaps with all the talk about needing to be proved guilty beyond reasonable doubt it is worth reminding ourselves of just one of the many bits of evidence FCA have to show who was really running the scam at WRN:This one shows them attempting to move pensioners' assets so creditors (including HMRC) can't get them. That is what AE got struck off for at one of his many other failed companies. Couple of other familiar names there too, who are not among the famous 5. From: Doug Ware > Date: 11 January 2013 at 13:40 Subject: RE: Draft RNS To: Aidan Earley > Hi Aidan, Such good news about Karen, you both must be so relieved. Attached is RNS with my comments, we need a plan as to when the litigation against Rangers International will be commenced & made public. Also attached is an updated Briefing note which I sent to Craig yesterday. With regard to the security, we all understand that this is a safety net for the investors in case WRN is forced into insolvency by the Pension Trustee or the Pension Regulator/PPF not accepting a deal. There is no safety net for me. In the event that the land in Keighley and the shares in Trimmings by design come under our control we need to agree in advance the plan for managing these assets. I suggest that the assets are placed in an SPV. I will secure the planning application & manage the TBD shareholding. After the cash outstanding has been repaid from the sale of the land with planning permission, and possibly the TBD shares to the other shareholders, I suggest that the remaining proceeds are split in the following way: 32% to each of AE, CW & DW 4% to be given to John Taylor as he will be the "man on the ground" doing all the leg work on an unpaid basis. I hope that you & Craig can agree to this & raise the necessary cash next week to secure the position. Is Richard Beresford on board? If so I suggest you get him to draw up the required security documentation for filing at Companies House & the Land Registry, remember we need to be able to control the assets in an insolvency situation. Warm regards, Doug From: Aidan Earley [mailto: aidanearley@blueyond Sent: 08 January 2013 22:26 To: dougware Subject: RE: Draft RNS Wrong one - correct attached From: Aidan Earley [ mailto:aidanearley@b Sent: 08 January 2013 22:21 To: dougware Subject: Draft RNS A first attempt |
Posted at 16/2/2022 07:38 by filthylucre01 Redcentric Ex-CFO Timothy Coleman has been found guilty of four charges for making false and misleading statements.Former finance director Estelle Croft also found guilty, was sentenced to three years' imprisonment after pleading guilty to charges of making false statements. These false statements artificially inflated Redcentric's share price, meaning investors paid more for shares than they were actually worth. Both Croft and Coleman knew that the market was misled when the statements were published, the jury was told, and that Mr Coleman was aware that this information was critical to decisions by investors. |
Posted at 05/1/2022 21:55 by skez13 you mean claims like..institutional swiss and german investors ready to pile into worthington multi billion pound deals. world conglomerate |
Posted at 04/1/2022 10:11 by filthylucre01 Interesting developments in the US courts, Elizabeth Holmes has been found guilty of defrauding investors by making false and exaggerated claims.The judge remarked ‘not even a rash investor deserves to be defrauded or misled’. Holmes faces up to 20 years in prison. |
Posted at 16/10/2021 12:06 by sweet karolina2 Thanks Roy. It is really clear that the company itself had no intention of lifting a finger to prevent strike off with no attempt at either annual report or confirmation statement submission.Unlike a court ordered liquidation, where at least there is some form of investigation into what went wrong, though I have little faith these are in anyway thorough or effective where the realisation of assets won't even cover the liquidator's fees, a compulsory strike off makes the company evaporate into nothingness. Wrt WHET a compulsory strike off was most probably more in the interests of the IMHO scammers who set it up. However, given how long it continues to take FCA to untangle the mess at WRN, it does seem unlikely that it will get round to doing much at WHET, where the real IMHO scam never really got off the ground largely thanks to AE screwing up its NEX listing. Whilst there are still victims of the IMHO scam that was WHET, they really do only have themselves to blame. In the words of Judge Denis Lloyd "felt little sympathy for greedy investors who had given Earley their money." Considering how long AE had been getting away with repeating variations on the same theme underlines my view above on the pointlessness of liquidator investigations. Hopefully the FCA marathon investigation will finally put an end to 3 decades of IMHO Earley family scams, but doubtless many of those who helped enable them will slip through the net. We can only pray that the fake tanned oik is not one of them. |
Posted at 10/7/2021 08:15 by filthylucre01 It’s interesting Arthur that many of these naive investors seem to have been lured in believing they were benefiting from a little ‘insider trading’ imho, but the reality was they had just bought a load of worthless shares. The really clever part about this method is that the naive investors believe they’re complicit and therefore won’t go to the authorities. |
Posted at 18/6/2021 23:09 by arthur_lame_stocks To be fair to him i'm quite pleased for him with regard to Gate. He's clearly not the most sophisticated investor and if a stroke of luck has changed his life then he has my good wishes. He's not in the same vein as the utter scum that are ripping off naive investors again and again with fairy stories such as Aidan Earley. |
Posted at 10/5/2021 10:16 by davidkip Staminier is a mildly interesting storyAs of the 5/4/19 confirmation statement, Staminier was fully-owned by one of the directors, and started trading on Britdaq. They promised a stock market listing in 2019. That plan then changed, and they subsequently suggested a "merger" with an overseas company (which turned out to be Greenbank). Trading on Britdaq lasted until October 2019, by which time the share register was now dominated by new investors (see 5/4/20 confirmation statement), with the holding by the Director now minimal. It was then removed from Britdaq when Greenbank bought 19% of Staminier (shareholders have an option to sell the remaining 81% to Greenbank subject to certain conditions). The 5/4/2020 confirmation statement makes interesting reading for Whetstone fans, with many familiar names that also appear on the Whetstone register. Very much diving into the same pool of investors. Staminier seems to have been seeded with ~ £2.5m of paid-up capital, with shares held by one Director. Selling down that position (on Britdaq and elsewhere) would act to refund some/all of that initial investment, so a bit like an IPO in reverse. It's a pity Britdaq don't still show the trading information for Staminier, so it's not possible to find out just how much cash was generated by selling down those 'founder shares'. What we can say is that Greenbank paid 22,494,262 Greenbank shares to acquire that 19% of Staminier in March 2020. Greenbank was trading at around 5c USD at that point, so that valued Staminier at ~ £4.5m or thereabouts (a reasonable uplift from the initial seed capital). Since then Greenbank has done very nicely (currently trading closer to $1.40), with the proviso that the shares are listed on very junior overseas markets (CSE, OTC and Frankfurt) which doesn't make life easy for a UK investor. So depending how much one paid for Staminier shares while on Britdaq, and what your views are on the ability to trade Greenbank shares, it does seem to have been a reasonable trade for people to date. |
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