Angel Biotechnology Share Discussion Threads

[knocknock] 08/2/2013 12:15

Post 32955. Kin hell foresight or what?



Ginger Peg you lose mug

[dogsbody] 08/2/2013 12:13

Can anyone say that they had not been warned.

Its been on the card for some time.

I have every sympathy with all who did not take notice of the warnings.

commiserations to all holder left in ABH.

[knocknock] 08/2/2013 12:12

72nov, sorry to hear of losses and I make my apologies now to you and HH for the gloating to follow.

[edinstead] 08/2/2013 12:11

And there we have it. Anyone who believes that the directors have a chance in hell of sorting this out need their heads examined and anyone who has any support for how they have handled this and allowed themselves to continued to be paid needs even more serious treatment. Utterly disgraceful.

[knocknock] 08/2/2013 12:10

Great call Wig, the dog finally put down

[knocknock] 08/2/2013 12:08

Let the service begin!

[the_doctor] 08/2/2013 11:23

" 8 Feb'13 - 08:38 - 32947 of 32959 0 0

Can anyone explain the fact that the directors were publicly and privately saying how positive that the future was for the company, including about the JV, when it is now clear they knew that MMH were investigating and challenging the way that the contracts were being performed"


if you look back, there was never anything like that!
you're making things up to support your silly ideas

you're thinking 'we hope to get contracts' meant 'the outlook is fantastic and we will definitely get large contracts'

[edinstead] 08/2/2013 11:08

Predictably, down it goes again. It must be time for a pay rise after all the hard work on behalf of their delighted shareholders!

[edinstead] 08/2/2013 10:44

In the meantime, the absence of buying makes it pretty clear how much faith that the market has in the people who have run this company so badly to date.

[edinstead] 08/2/2013 10:43

HH, and that is all assuming that everything was above board without any alternative agenda. As far as I am concerned the outcome of the next few weeks will determine whether there was an alternative agenda or not e.g. if the assets are bought for a bargain by the directors, MMH or any other interested party.

If it was pure incompetence then the directors should be held accountable for their incompetence and anyone in their right mind would avoid employing them in the future and of course any shareholder would be crazy to invest money in their companies.

If it was an alternative agenda then the company should be investigated and appropriate action taken. I, for one, would be more than prepared to call for an investigation if the directors fail to deliver this time, not out of a belief that any money will be returned but out of a sense of justice and the need to ensure that history does not repeat itself.

The directors are probably not doing themselves any good in the long run by continuing to draw their salaries even if it makes their bank balances look healthier than their long-suffering shareholders' bank balances in the short-term.

[knocknock] 08/2/2013 10:39

Anyway, enough from me before another cat gets let out of the bag.




Do the right thing bulls before you lose the lot. NAI

[knocknock] 08/2/2013 10:36

Tell me this bulls, where did all the original plant and equipment go from the last time Cramlington closed? Or was it all still in place because no sign of it being sold off in the accounts.

[hedgehog33] 08/2/2013 09:16

I agree...

Many of us are victims to the company's self-promting aspirations of grandure thas has disappeared down the swanny...

As much as 'the_doctor' (Harper) has tried to explain it to me here on this thread, my tiny incompetent mind cannot get around the fact they embarked on their expansion using our money on what appears to be unsubstantiated foundations..

Just because someone assures me that if I invest £1m quid in new equipment, facilities and premises, does not necessarily mean their assurance is guaranteed.

I'm still struggling with how they can embark on such expansion and development without some sort of financial security from their protracted clients...... and for a second time..

Remember 'Field of Dreams' - Kevin Costner... "build it and they will come" a fantasy.. and they came.

In reality.. we built it, and everyone fked off....

[edinstead] 08/2/2013 08:47

HH, as for Harper and his £12.5million contracts, returning shareholder value and entering a period of unprecedented growth, the difference between what he said and what has actually happened could hardly be captured by calling it mere incompetence. The only question is how much the newer directors were naively embroiled in a mess and how much they entered with their eyes open but whatever the case it is at the very least quite an extraordinary level of incompetence for a group of intelligent,experienced and highly paid professionals to destroy a company and lose so much money so quickly.

[edinstead] 08/2/2013 08:38

Can anyone explain the fact that the directors were publicly and privately saying how positive that the future was for the company, including about the JV, when it is now clear they knew that MMH were investigating and challenging the way that the contracts were being performed, not to mention the fact that they knew that there were problems with some of their other clients' contracts, not to mention the fact that they knew that they were having great difficulty in signing up new contracts?

This is indefensible IMHO and there are a lot of unanswered questions about how this company has been run, which would benefit from much closer scrutiny if/when the company is proven to have failed to deliver anything positive for its shareholders and the administrators are called in, and in the meantime there is certainly no justification for being paid for the way that they have run it.

Any person with even an inkling of moral fibre would forgo their salary pending the successful saving of the company and their decision to continue to draw a salary in the circumstances speaks volumes and is quite frankly abhorrent and I will keep on saying this as long as they keep on ignoring drawing their salaries.