Dx (group) Share Discussion Threads

[richdm1] 06/9/2022 11:07

Very sorry to see Lloyd resign. Like everyone, we must be all intrigued by the machinations of the board over the past many months, hopefully in due course.

[fenners66] 06/9/2022 10:40

Potentially interested in 15% - clearly must have had the share holders best interests in mind......

Funny how they said nothing - he's "resigned" and did not thank him or wish him well with his next
endeavours.

[qs99] 06/9/2022 09:42

well there is the update, CEO gone, trading in line, we await details end of Sept/early Oct.

[mdm8] 04/9/2022 09:19

Anyone have any updates on what is expected this month ?

[eclesby] 25/8/2022 16:22

molotovkid thankyou hope you are right. I lost a lot on Valarie Pateserie and I was lied to about all the money they had in the bank and Luke Johnson was supposed to be one of the good guys!!!

[c3479z] 23/8/2022 13:58

nevertheless, as it's a public company, the triumvirate are not permitted to run it as a private fiefdom..others are interested part owners....

[ls24] 22/8/2022 19:25

3 blokes realistically own the company c3479z, heard results will be out by mid sept.

[c3479z] 22/8/2022 19:11

radio silence from the company,
feel the shareholders deserve an explanation of 1 if/when the company may be relisted,
2 the cause for the long, long suspension
we after all are the owners.

[ls24] 29/7/2022 21:05

You can always tell an English Language student

[qs99] 12/7/2022 10:04

I think the NED appointments are v encouraging, if business was of risk of failing, these heavy hitters would not be joining IMO......roll on audit and re-listing IMO....DYOR

[stemis] 12/7/2022 08:29

Two new non executives as the company prepares for re-listing. I'm sure they will have been updated on the corporate governance issue before accepting...

[molatovkid] 12/7/2022 07:09

Eclesby...not yet. They are temporarily delisted from the UK market pending the long awaited audit. Therefore you can't trade your shares. They aim to re-list end of September/early October.

What the audit will bring and the price on re-listing is guesswork.

[molatovkid] 12/7/2022 07:06

Todays appointments + the resignation of Grant Thornton + difficulty finding a new auditor now all point to accounting issues. All of which can be resolved and will fade into DX history. Happier....

[mdm8] 11/7/2022 22:14

If I take all the emotion out of this and take a big step back. There is something very much not right about this situation. Granted there are claims that the issue does not impact the financials. This alludes to that the issue relates to a senior executive or more than one and their actions. Conduct.
So why not brief the market and take the necessary actions to rectify?
Most companies do.
At this point I am not big on trust here.
The issue, well, maybe we will find out in time.
Jury is out here.

[qs99] 11/7/2022 12:26

marktime, lets see, but if there had been or is financially serious issue(s) to the business they would have had an obligation to have reported such. They have repeatedly said it is a governance not a financial issue, albeit it costs professional fees to sort it out. It is also historic IMO as they have a new auditor.

DYOR, lets see

[eclesby] 11/7/2022 12:20

have I lost my money ???

[everton448] 07/7/2022 21:19

I think there is a lot in what you say that is perfectly reasonable. I do however wonder whether, perhaps understandably given what has eventuated over recent months, we are now too willing to anticipate downside, and too slow to accept that there may be a very profitable business and significant shareholder value, successfully disguised by managerial reticence and or incompetence. Time will, I suppose, tell.

[marktime1231] 07/7/2022 20:37

Actually not cr4p, look at the wording of the statement made by the auditors when they resigned because the board had, for over a year, failed to resolve a material issue. The resignation letter included allegations of potentially criminal conduct.

I would be surprised if the manner of the resignation of auditors and non-execs has not prompted an external enquiry. It may be only a side issue to the core business, eg insider trading or misconduct by a senior person of some kind, but it should have been dealt with openly and promptly when instead it reads like a bodged effort to cover things up, hiding behind "privilege". Despite your determined optimism there is also a chance it could be more financially serious.

You are the one who has been saying for all this time that it is all smoke without a fire, encouraged by the unaudited trading reports and wanting to ignore the red flags as probably trivial. That the board, which lacks independent non-execs now, still wants further time to internally study the issue should give no comfort. They are unlikely to be delaying or suppressing an outcome if it was good news. In the meantime it is foolish to trust what they say, and rather pointless speculating on the consequences while the shares remain suspended and we still don't know what the issue is.

[stemis] 07/7/2022 13:35

Christ, there's been some cr*p written on this board...