Management Resource Solu... Share Discussion Threads

[newtothisgame3] 12/5/2019 20:47

MRS John Zorbas' thousand lies. The Q&A the BOD refused to release!

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[newtothisgame3] 12/5/2019 20:47

MRS John Zorbas' thousand lies. The Q&A the BOD refused to release!

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[nigel061] 12/5/2019 17:13

"At the investor presentation on 2 May at the offices of uber expensive PR posh-wits FTI Consulting, which was attended by over 20 sceptical and angry investors, Management Resource Solutions (MRS) boss John Zorbas again showed he was, quite possibly, a liar."

[nigel061] 12/5/2019 17:13

"At the investor presentation on 2 May at the offices of uber expensive PR posh-wits FTI Consulting, which was attended by over 20 sceptical and angry investors, Management Resource Solutions (MRS) boss John Zorbas again showed he was, quite possibly, a liar."

[nigel061] 11/5/2019 13:19

MRS shareholders with Halifax /IWEB:

Looks like paper voting forms are only now arriving due to them being informed of the meeting late.

If you haven't voted yet, please vote by phone or web chat (rather than post) as the voting deadline is 9am on the 16th (Thursday).

I have voted FOR all the resolutions to get a fresh start, and encourage you to do the same.

[nigel061] 11/5/2019 13:19

MRS shareholders with Halifax /IWEB:

Looks like paper voting forms are only now arriving due to them being informed of the meeting late.

If you haven't voted yet, please vote by phone or web chat (rather than post) as the voting deadline is 9am on the 16th (Thursday).

I have voted FOR all the resolutions to get a fresh start, and encourage you to do the same.

[smudgedan] 10/5/2019 18:42

Any holders that want to see shareholder value restored and haven't voted yet for the EGM on the 22nd May please do so. Every vote counts and it is essential that everybody votes. Please feel free to contact me on twitter @smudgedann or private message me on here.

[smudgedan] 10/5/2019 18:41

Any holders that want to see shareholder value restored and haven't voted yet for the EGM on the 22nd May please do so. Every vote counts and it is essential that everybody votes. Please feel free to contact me on twitter @smudgedann or private message me on here.

[yourwrong] 10/5/2019 07:48

Absolutely all need to go, at least one is definitely going in August.
IT'S A MADE UP SHOW.
WTF...call back the old ones?...And why do they want to come back?...All liars... get rid of all them new and old.

[apfindley] 09/5/2019 13:45

Then your reply has already told us all we need to know about how you will vote, otherwise it wouldn't be an issue for you to mention.

[yasx] 09/5/2019 12:30

Apf,

Send him nothing - one can readily ascertain his intentions.

[yasx] 09/5/2019 12:29

gnn,

Your drivel does not really warrant a response, but, be that as it may, here goes:

1: You state that i and others merely 'insinuate, far less offer evidence. Given your strict adherence to the requirement to produce evidence for everything, perhaps you might wish to first clarify your evidence to support your view in post 854 that failure to disclose that Hogan had received shares in the placing was 'surely an oversight'. Given you are sure, produce the evidence to back up your view.

2: You write "I see that Hogan was given £19,000 (RNS 15/4/19) as a consideration for introducing Alerion, but am in no position to judge whether that was appropriate".

Well, clearly your inability to form any judgement reflects either your abject support for those receiving the payment or a lack of intelligence. You see, it is entirely inappropriate that the Co. paid Hogan (who one might argue is akin to a de facto Director)£19k to introduce somebody already known to them. Which part of that don't you get?

3: You write: "The value of Alerion is a matter of judgement, and I am in no position to argue the point"

Really? Paying £1.3 mln for a untested product, purchased through a labyrinthine network of related party contacts that they deliberately failed to disclose until forced, and made worse by the fact that if they really wanted to make such a purchase of this type of product common sense dictates that they would have sought competitive quotes from various providers to determine which, if any, would be cost effective. But, they simply purchased this one with all the spurious connections. Yet you are in no position to argue the point (funnily enough, you seem in a very robust position to defend Hogan each time anybody points out something relating to him

4:You write "being a near worthless company does not make it a fraud." No,that logic is correct, save for the fact that if deliberate improper conduct that leads to pauperising holders of equity leading to a Company becoming almost insolvent then it does become potentially fraudulent.

5: Finally, you write, "I am not familiar with the history of the company" Given your lack of understanding that much is very clear. Worse still, it seems you do not have the faintest idea of the markets or shares in general. I cheerfully suggest you absorb the contents of a book for beginners. Small point: It is useful to check the track record of a member of the Board before backing a Company. Review ANR, URU AND MRS and ask yourself is Zorbas (and his two bit sidekick Hogan) really the guy to back? They got booted out at ANR, and likely will at MRS (Zorbas has indicated he will go, but his departure was essentially forced because he knows which way this is heading.

Now, do not bother responding since i have better things to do than waste my time on your incoherent ramblings. Off you go, close the door on your way out.

[gnnmartin] 09/5/2019 12:16

I am invested. I am trying to decide whether to bother to vote at the EGM, and if so how to vote.

I only ever post under my own name, as here.

[apfindley] 09/5/2019 11:50

It all seems overly important to you.If you're not invested then move onto something youre interested in, or just invest. I dont see why you have such a fixation on that rat Hogan, as you hadn't heard of him before.If you appear on the chat logs under a different name that appears on there, then I will send you some info.

[gnnmartin] 09/5/2019 10:04

yasX, thanks for the post, but no, it does not help much. Your post, like most others, just insinuates. If there are facts, just state them, with references that allow the reader to verify them.

I do not even know who ANR are. I did check the last annual report to see if they appeared, but a search for 'ANR' got no hits.

I may indeed be woefully ignorant and naive, but that surely is the fault of those promoting the EGM. Where is the simple straightforward statement of verifiable facts?

[apfindley] 09/5/2019 09:12

And why have there been no updated tr1 notifications.?

[yourwrong] 09/5/2019 08:40

YasX very good post.
My questions: why is it still trading? How long for the evidences to come up in the right hands? Will they ever?

[apfindley] 08/5/2019 21:43

Martin It would not be of interest to you as your name isn't present on any of the chat logs for any of the private boards to which the transcripts are from.

[danny baker] 08/5/2019 10:50

Thanks for that Hope67 although I wouldn't call it very entertaining. Zorbas sounded as slippery as an eel and none of the questions seemed to land an effective punch. It was interesting though how the interest rate on the new debt financing was actually higher at 12% than the previous 10% but the benefit to the company was not having to pay off the principal so quickly. Also the tax in Australia is going to be much higher this year as they had used up existing AUS tax losses. The group tax rate will therefore presumably be close to 30% or even higher. Cash looks tight and I struggle to see what makes the shares attractive other than the low per.

[hope67] 07/5/2019 20:06

Have a listen to this very entertaining Q and A at the meeting they didn't want you to hear this

[gnnmartin] 07/5/2019 12:23

apfindley, I would find it very helpful to see this chat record. Is that possible?

It is not of itself wrong that Hogan should have inside knowledge unless it can be shown that he sought to profit by that knowledge, for example by selling or buying shares in a false market.

[gnnmartin] 07/5/2019 12:17

nigel, thanks. Looking back at the announcement on 25 June, it was announced that the share placing would be made 'by accelerated book build' to 'employees, contractors and directors', wording repeated on 6 July when the results of the placing were announced. So yes, it was wrong not to correct the wording on 6th July, but it is surely an oversight. Perhaps Hogan was invited in because they did not find takers for all the shares among the employees, contractors and directors. The placing was at 6.5p, a minimal discount, and the shares today can be bought for 4p.

It was a mistake, and maybe it was deliberate if they wanted to avoid giving the impression that the placing had been less successful than hoped among the connected parties, but it hardly justifies replacing the board, and shows no wrong doing on the part of Hogan. The only people who might have a slight grievance are those who like me bought in shortly after the placing and might have been influenced by the extensive support of connected parties. Regina wrote in 848 'There is no evidence that [Hogan] paid for the shares', but if you look at the interim report on page 7 you will can infer that all the shares issued were paid for. It requires a bit of work because you need to use an appropriate dollar sterling exchange rate. My calculation of the average placing price of the shares came out at 6.487p, close enough to 6.5p to be sure that no significant (if any) shares were issued at less than 6.5p.

[apfindley] 06/5/2019 22:37

If you're really so interested in Hogan.I can tell you I have a long chat history from him stretching back around two years. And it has been submitted upon request. A lot of which was in group chats which are no longer accessible as his account is in suspension pending a criminal investigation.He clearly make statements which are not going to do his defence much good. There was a lot of bragging and a lot of slips of insider knowledge.This naughty boy should run and hide, his world will come crashing down soon.