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[typo56] 20/1/2018 15:36

Can anyone remember Kate Bleasdale and her man, John Cariss?

They were eventually declared bankrupt but clearly had dosh stashed away, given their lifestyle. This didn't impress the Judge last year, saying that Bleasdale was having “difficulty adjusting her lifestyle” in light of “straitened circumstances”. “Ms Bleasdale says ‘there is nothing there’ but this is inconsistent with the lifestyle that continued [after the bankruptcy].”

Then later last year it was announced that Bleasdale had died.

[davidosh] 21/7/2015 13:48

The FRC reported on Diane Jarvis today.

[typo56] 07/5/2015 15:39

Bleasdale bankrupted

[typo56] 22/4/2015 17:08

Bleasdale bankruptcy ruling a step closer

[typo56] 24/9/2014 06:47

I dare say hubby still has a bob or two!

[typo56] 24/6/2013 13:06

I see Kate Bleasdale has won the right to appeal against her Employment Tribunal defeat!

[xow98] 08/5/2013 19:31

All very quiet out there. How did they get to 91.7%?

[xow98] 03/5/2013 19:17

Usual incompetence

[graham1ty] 03/5/2013 18:38

They say the Employee representatives opinion is on their website ? Where ?

[xow98] 01/5/2013 18:29

They are not making much progress on getting to the 90% and are now trying to frighten people into selling their shares by highlighting "likely to significantly reduce the liquidity and marketability of any HCL Shares in respect of which the Offer has not been accepted".

That is not going to work. They need to make a much better offer if they want the 90%. Failing that, they are going to have to live with a vociferous minority going forward.

[graham1ty] 23/4/2013 11:49

Fidelity have sold out.......17m at 0.75p.

So Fidelity had a significant position, were not prepared to put their head above the parapet and make any noise......and have sold out

[jojo_jo] 22/4/2013 12:23

Waived conditions to suit their ends it seems. So now wholly unconditional.

0.75p it is then.

Inevitable I suppose.
Jo.

[begorrah88] 19/4/2013 05:38

The woman has skin as thick as a rhino!

She does receive very sympathetic press condisering what she did at HLO and was dismissed for. Many papers would be holding her up as evidence of everything that is wrong with corporate greed and misleading investors but some treat her with kid gloves given her propensity for suing.

Did she get her finances back in order or is her livelihood dependant on getting some money out of the company? last I read was that she owed money all round.

[xow98] 18/4/2013 23:07

Downsized Kate

[jojo_jo] 16/4/2013 16:19

This is not that 'point'.
Whilst I am not a fan by any stretch of the imagination, anything she can do which helps minority investors secure a better deal is welcome.

IMPO/DYOR/NAI
Jo

[davidosh] 16/4/2013 15:00

At some point investors should be turning the tables on KB. It is surely a cheek and more neck needed than the average giraffe to legally challenge in the way she is doing !?

[jojo_jo] 16/4/2013 11:56

Not reading much into the resignation, but the Kate Bleasdale action is interesting.
Tosca&Co could do without such distractions - especially while the shareholder take-up of their offer appears to have stalled.
They should just lift it to 1.5p to ensure they can get 90%, go unconditional and ensure the removal of thorns like KB and CT from the register. As it stands their derisory offer has been almost unanimously rejected by minority shareholders. If they lifted it to 1.5p+ they are likely to get 90%, declare 'unconditional' and then be able to ensure they get all the remaining shares.

I notice the MMs are now buying stock at the full 0.75p. That's interesting. It looks like the Concert Party have instructed Investec or some other representative broker to accumulate what they can. It may be worth putting a limit 'sell' order on the book at 1p+.

IMPO/DYOR/NAI
Jo

[xow98] 16/4/2013 07:58

Why would he leave now? Surely the BoD must be being massively incentivised going forward (from a very low base) so this would seem to indicate all is not well amongst the BoD and/with the Angels, or there is little chance of a decent return.

[graham1ty] 16/4/2013 07:51

I used to work with him in an old quoted company, Aspen Communications !

[xow98] 16/4/2013 07:34

Interesting that the HCA director has resigned. That was meant to be the bright spot for the Group.

[graham1ty] 16/4/2013 07:29

Agree, but if trading deteriorates further before the actual formal offer document comes out and they realise that will cost £20m not £10m, then more bad money after bad might be too much. litigation allows them a get out of jail card if they wish to withdraw.

I would love to see the Tosca investment reports to their shareholders: "by the way we have lost £50m of your money in a dog.....and propose putting another £10m in!"

As another aside, with HLO in the state it is, the Banks will want repayment as soon as possible. Every penny of cashflow for the next five years is going to be used paying down the banks.

[xow98] 16/4/2013 07:02

I don't think they can walk away given 1936 above "Tosca has only £1bn under management". Better to put a bit more in than lose the lot.