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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Management Resource Solutions Plc | MRS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.30 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.30 |
| Top Posts |
|---|
Posted at 20/11/2019 22:49 by kinwah Shareholders blocking the company's ability to raise money through placings wasn't very clever. The Aussie subsidiaries were cash hungry so it was inevitable they would starve to death. Very sad for MRS shareholders but a salutary tale for small company investors to think about their actions. |
Posted at 06/10/2019 14:36 by yourwrong Pbj,Bend over and feel the pain that you caused to honest investors. The promoters of the stupid EGzm need to know that disguising between genuine shareholders wasn't a good move after all. Left with your big boys pants down, well deserved. |
Posted at 05/10/2019 12:38 by yourwrong Gnmartin is the only one talking sense here.Those big boys with no trousers are ready to challenge the board but never take responsibility for the consequences. Suspension, sadly for the honest investors, is what the EGMs supporters deserve. All adamant after the first EGM lost, however Paul Brenton pointed out in the May Rns; so to all the ones that were hiding behind PIs, but in reality were only persevering the interests of ex-direcotors: Bend over and learn the lesson! |
Posted at 13/9/2019 10:04 by belgrano2 many thanks..from a now non investor viewpoint, clearly no proper research was done, and appears to be a way of deliberately stripping company assets.Little surprised they didnt want to release that. |
Posted at 03/8/2019 12:29 by apfindley I think any honest investor who had the sense to look into the alerion deal and the motives behind it, and to investigate the deep and longstanding connections between board members, and a certain Welsh cretin and his alerion relatives, would find it hard not to come to the conclusion that they are CORRUPT.To come on here and act so oblivious to it all, youd have to have spent the past 12 months in a cave, or be speaking on behalf of the CORRUPT board or their little Welsh associate who has also now gone into hiding since the day we uncovered his LIES.Any investor is free to look into this dodgy deal themselves, but the conclusion to any intelligent person will be the same. |
Posted at 30/7/2019 12:39 by apfindley IMPORTANT.a reminder to shareholders that voting is now open and you're able to submit your egm votes to your broker via secure message or phone.It doesn't matter how many shares you have, a few people with a small number still adds upto the same as a larger holding so it all counts.As shareholders we should all be looking to voting FOR all the resolutions to bring about the change we need to let this company be investable again, and the shareprice will multiply.If you're unsure on how to submit your vote, or normally never bother voting , dont neglect your chance here to make a difference. Through here or on Twitter, you can contact many investors in a similar position to yourself, who will happily help, or point you towards the requisitioner Surjeet, who will definitely help you. This is your chance to claim back control of your investment. We are intent to succeeding , and your vote counts. |
Posted at 31/5/2019 13:52 by apfindley Yes I agree with you on both.What the board need to understand is that genuine private investors have invested here in what should be a solid company of a much higher valuation. Those investors dont deserve to be sat on these losses. |
Posted at 15/5/2019 09:02 by apfindley Statement by members for circulation under Section 314 Companies Act 2006 Members' power to require circulation of statementsThe Board in it's circular to shareholders dated 3 May has made a number of assertions which relate directly to the motions proposed. This statement seeks to provide additional information to help shareholders make a balanced decision about the proposed resolutions. The proposed Directors seek your support to change the Board of MRS so that a new Board of Directors can run the business for the benefit of all shareholders, and not just for the select few who are friends or associates of John Zorbas and Leon Hogan. Under this Board, the share price has halved during the time the current Board has been in charge the share price has roughly halved (from 6.9p on 29 March 2018, 3.6p at the close on 10 May). Investors have lost faith in the Board following questionable transactions many investors have long been suspicious of the relationship between the Chairman John Zorbas and major shareholder Leon Hogan, with this concern coming to a head as a result of two questionable transactions, most notably the astonishing acquisition of a 7 month old startup with no operating experience from close business associates for £1.32m (A$2.2m). It has also emerged that 49% of the placing last July went to Leon Hogan, a Canadian/Cypriot consultancy which John Zorbas admits "assists me in my role as Chairman" and Chris Grove, a long time business associate of Hogan. These transactions have been the subject of many shareholder complaints to the FCA, AIM, the Takeover Panel and the Company's Nomad. The Board seems indifferent to investor concerns despite the widespread concern about close relationships with the Board and the need for directors who are wholly independent of the current Board, and although no criticism of their qualities is intended, the two candidates proposed by the board are Paul Brenton's former boss and a former colleague of Tim Jones. The proposed Directors will work transparently for the benefit of all shareholders all know MRS well, with Trevor Brown and Nigel Burton having been Directors who were both described in RNS announcements by the company as 'instrumental in the success of the 2017 placing and re?admission to AIM and having played an important role in the subsequent transformation of the Company'. Both left as a result of repeated improper interference in the business by Leon Hogan, with the support of John Zorbas. The Alerion acquisition this acquisition, announced on 28 March, of the "unmanned aerial vehicle specialist" Alerion Consulting for £1.32m (A$2.2m) resulted in the share price dropping by 1/3 following widespread investor scepticism about the deal. Alerion is a startup founded in August 2018. The founder and former principal owner Elliott Talbott admitted at the investor presentation on 2 May that Alerion has never even completed a survey MRS shareholders will now be bearing all the costs and risks of turning this startup with no operating history into the remarkable opportunity which the Board would like us to believe it will be. The CEO Paul Brenton also admitted that he "didn't look at any other drone operators" as alternatives to Alerion. Investors can only wonder why this business has been acquired at such a high price from Elliott Talbott and Chris Grove, who until recently were President and IT advisor of a business called Leinad which is based in the same office suite as and is believed to be partly owned by John Zorbas, and why Leon Hogan was paid £19,000 to introduce people who were already well known to him and the Chairman. Reports on conflicts of interest and Alerion valuation the Board announced on 15 April that a report to assess any conflicts of interest and an independent valuation of Alerion would be conducted Why, if the Board is confident of its position, have neither of these been published in time to inform shareholders before the General Meeting? Why has the appointment of the firm engaged to undertake the independent valuation not been announced? How objective is the circular and how selective has it been in choosing what to present to shareholders? Shareholders can make their own assessment of the relevance and accuracy of the information selected by the MRS directors for the circular but one example will suffice. The circular highlights the remuneration paid to Trevor Brown and Nigel Burton during their time as Non-Executive Directors. Both received the same basic remuneration as the other Non-Executives, and both received agreed compensation payments on leaving. In addition, Nigel Burton charged fees, in accordance with his contract which was identical to those of the other Non-Executives, for additional work undertaken, amounting to over 100 days, including two weeks in Australia. Demand for a PollA Poll has been demanded by at least 5 members. This will ensure that the results of the voting are fully transparent and published for all shareholders to see. Recommendation to VOTE IN FAVOUR OF ALL RESOLUTIONS Shareholders have the opportunity to elect three independent NEDs to the MRS Board. Their primary focus will be to ensure that the business is run for the benefit of all shareholders. Given the concerns expressed by many shareholders, they will also:1. Uncover the truth about the events of the past year and make the details public for the benefit of all shareholders and seek redress where appropriate.2. Review the Alerion deal to cancel it or reduce the price as appropriate.3. Cooperate fully with any investigation of alleged wrong-doing by the current Board including by the FCA, AIM, the Takeover Panel and the Company's Nomad, all of which have received many complaints from shareholders. The Board has not provided a credible argument why this should not happen. Shareholders will form their own conclusions as to why the Board has failed to provide the independent report on conflicts of interest and the independent valuation of Alerion in time to inform shareholders before they vote in the General Meeting. |
Posted at 15/5/2019 09:01 by johnyee 7 Here's the statement that's supposed to be on the website but nobody can find.Statement by members for circulation under Section 314 Companies Act 2006 Members’ power to require circulation of statements The Board in it’s circular to shareholders dated 3 May has made a number of assertions which relate directly to the motions proposed. This statement seeks to provide additional information to help shareholders make a balanced decision about the proposed resolutions. The proposed Directors seek your support to change the Board of MRS so that a new Board of Directors can run the business for the benefit of all shareholders, and not just for the select few who are friends or associates of John Zorbas and Leon Hogan. Under this Board, the share price has halved – during the time the current Board has been in charge the share price has roughly halved (from 6.9p on 29 March 2018, 3.6p at the close on 10 May). Investors have lost faith in the Board following questionable transactions – many investors have long been suspicious of the relationship between the Chairman John Zorbas and major shareholder Leon Hogan, with this concern coming to a head as a result of two questionable transactions, most notably the astonishing acquisition of a 7 month old startup with no operating experience from close business associates for £1.32m (A$2.2m). It has also emerged that 49% of the placing last July went to Leon Hogan, a Canadian/Cypriot consultancy which John Zorbas admits “assists me in my role as Chairman” and Chris Grove, a long time business associate of Hogan. These transactions have been the subject of many shareholder complaints to the FCA, AIM, the Takeover Panel and the Company’s Nomad. The Board seems indifferent to investor concerns – despite the widespread concern about close relationships with the Board and the need for directors who are wholly independent of the current Board, and although no criticism of their qualities is intended, the two candidates proposed by the board are Paul Brenton’s former boss and a former colleague of Tim Jones. The proposed Directors will work transparently for the benefit of all shareholders – all know MRS well, with Trevor Brown and Nigel Burton having been Directors who were both described in RNS announcements by the company as ‘instrumental in the success of the 2017 placing and re‐admission to AIM and having played an important role in the subsequent transformation of the Company’. Both left as a result of repeated improper interference in the business by Leon Hogan, with the support of John Zorbas. The Alerion acquisition – this acquisition, announced on 28 March, of the “unmanned aerial vehicle specialist” Alerion Consulting for £1.32m (A$2.2m) resulted in the share price dropping by 1/3 following widespread investor scepticism about the deal. Alerion is a startup founded in August 2018. The founder and former principal owner Elliott Talbott admitted at the investor presentation on 2 May that Alerion has never even completed a survey – MRS shareholders will now be bearing all the costs and risks of turning this startup with no operating history into the remarkable opportunity which the Board would like us to believe it will be. The CEO Paul Brenton also admitted that he “didn’t look at any other drone operators” as alternatives to Alerion. Investors can only wonder why this business has been acquired at such a high price from Elliott Talbott and Chris Grove, who until recently were President and IT advisor of a business called Leinad which is based in the same office suite as and is believed to be partly owned by John Zorbas, and why Leon Hogan was paid £19,000 to introduce people who were already well known to him and the Chairman. Reports on conflicts of interest and Alerion valuation – the Board announced on 15 April that a report to assess any conflicts of interest and an independent valuation of Alerion would be conducted Why, if the Board is confident of its position, have neither of these been published in time to inform shareholders before the General Meeting? Why has the appointment of the firm engaged to undertake the independent valuation not been announced? How objective is the circular and how selective has it been in choosing what to present to shareholders? Shareholders can make their own assessment of the relevance and accuracy of the information selected by the MRS directors for the circular but one example will suffice. The circular highlights the remuneration paid to Trevor Brown and Nigel Burton during their time as Non-Executive Directors. Both received the same basic remuneration as the other Non-Executives, and both received agreed compensation payments on leaving. In addition, Nigel Burton charged fees, in accordance with his contract which was identical to those of the other Non-Executives, for additional work undertaken, amounting to over 100 days, including two weeks in Australia. Demand for a Poll A Poll has been demanded by at least 5 members. This will ensure that the results of the voting are fully transparent and published for all shareholders to see. Recommendation to VOTE IN FAVOUR OF ALL RESOLUTIONS Shareholders have the opportunity to elect three independent NEDs to the MRS Board. Their primary focus will be to ensure that the business is run for the benefit of all shareholders. Given the concerns expressed by many shareholders, they will also: 1. Uncover the truth about the events of the past year and make the details public for the benefit of all shareholders and seek redress where appropriate. 2. Review the Alerion deal to cancel it or reduce the price as appropriate. 3. Cooperate fully with any investigation of alleged wrong-doing by the current Board including by the FCA, AIM, the Takeover Panel and the Company’s Nomad, all of which have received many complaints from shareholders. The Board has not provided a credible argument why this should not happen. Shareholders will form their own conclusions as to why the Board has failed to provide the independent report on conflicts of interest and the independent valuation of Alerion in time to inform shareholders before they vote in the General Meeting. |
Posted at 02/5/2019 09:10 by regina61 Shareholders attending this afternoon's meeting may take the opportunity to ask be a little more about Cavialeco, which has a Toronto address but is registered in Cyprus, and was the second largest participant in the July 2018 placing by MRS to “employees, contractors and directors”. All the information which follows can be found, with a little digging from publicly available sources. Examining the published information appears to indicate an undisclosed and unexplained relationship between John Zorbas, Chairman of MRS and Cavialeco.Cavialeco is also listed as an investor in Captor Capital on page 19 of the attached file from February 2018 which was filed and signed by John Zorbas (see page 30), overall it was one of the largest investors in this private placement, as was the case three months earlier in December 2017, in this case apparently contributing over C$2m. The form can be downloaded herehxxps://webfiles Cavialeco is listed as the 5th largest investor in this placement by Captor Capital on the attached form submitted in December 2017, listed on page 7. The form was submitted with John Zorbas as the signatory. It can be found at hxxps://webfiles.the |
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