Mbl Share Discussion Threads

[curvedair] 02/12/2011 18:24

Davidosh. The problem is this...who wants to spill the beans and live with the hassle and consequences. There are a few amongst us on this board that have heard many allegations about all sorts of malarky that hasn't seen the light of day on this board and shouldn't and almost certainly probably never will! I am sure some of it is fiction but some of the other stuff is so unbelievable that it can only be true. The following I believe to be fact and "may" provide the golden key to uncovering some of the alleged "goings on" should this information referred to ever becomes available.

This is not a new story so those that have heard it I apologise.

There was one No 2 that was owed a substantial amount of money by MBL, who were being difficult about coughing up and probably never would have done if this No2 hadn't spent months piecing all sorts of "oddities" together. A few months after leaving his employment with MBL and on completing his investigations he presented his findings to the company and guess what.. within a matter of hours he was offered his job back, a pay rise, a new car anything he wanted. He made the wise decision and declined their offer on moral grounds. Allegedly his findings were offered to Peter Cowgill who to this day I understand has not followed this up and asked to see them. Maybe he would like to comment on this? So the story goes and long story short the final outcome was that this No 2 was paid the bulk of the money he was owed and asked to sign a non disclosure agreement and destroy any evidence in support of these allegations he was holding. Some people may describe this as a "gagging order". The question is what are/were they hiding if anything?

I am sure Cowgill for all the right reasons has purposely avoided any such allegations in the best interests of Shareholders and Employees. This whole situation caused a huge shadow over the board for weeks and like most things past we forget and move on but this is the biggest example of the term "swept under the carpet" I have ever come across. I would suggest that perhaps in the interests of the shareholders and the peace of mind of others that he revisits and takes a good look at these allegations to make sure they are utterly false. Isn't this his corporate responsibility? If however if they are true then those responsible should face the music.

It's after 5.30pm so I can live with the comfort that this posting won't be removed until Mon am. If it is then we know somethings up.

I am certainly up for the email address.

[kimboy2] 02/12/2011 14:26

davidosh
Perhaps you should set up an email address that no 2s can contact no 1s through. This may help with privacy of names and information and could perhaps be disseminated amongst likely contributors more easily.

No 3

[davidosh] 02/12/2011 13:21

To be fair there does appear to be about six differing factions here on this board...

1.Current shareholders

2.Disgruntled ex employees and vendors of businesses shafted in some way

3.Ex shareholders who lost money

4.Onlookers keen to wind up the masses who have lost money

5.Shareholders of other companies shocked by the goings on at MBL

6.Directors and advisors trying to find out what No.2 group are putting into the public domain. Then trying to remove anything they can.

I think if number two group have anything that is concrete and can be verified then they should approach number one group. Anyone seriously interested in meeting group one should say so here. Group three may still be interested in joining any action later if the allegations are substantiated. Lots of comments here could be false and the company still exists so we should all be aware of that. Less comment here more action needed IMO

[timesmoney] 02/12/2011 12:12

Apart from being members of the CR fan club are any of you shareholders in MBL?
It would be nice to hear sharholders response to the latest disasters being the loss of the remaining customer base, the closure and receivership of yet another subsidiary we never heard of (DVD rental acquired in Feb 11, another brilliant Allen strategic move which made no commercial sense for the Group, but no doubt filled someones pocket) and yet more unsubstantiated gossip about realted party undervalued stock sales. If even half of what we have heard about on this site were to be true, these guys should be looking at jail time.

[evaluate] 02/12/2011 12:09

Having bought at 80p I decided to dump the lot at 11p.

Cowgill & Allen won't be satisfied until the whole thing is completely worthless.

A disgrace!

[34simon] 02/12/2011 11:23

littleweed

If the shareprice is rising CR still holds, if the price has tanked he sold out ages ago......at the high of course :-))

You should know the drill by now !

ps...hows Alexon doing CR ?

lol

[cockneyrebel] 02/12/2011 11:02

Was out of GBR last July when I sold virtually everything littleweed.

Chart has been saying get out fotr a while and I'd have thought anyone holding after the recent funding probs there wanted their head testing imo.

CR

[cockneyrebel] 01/12/2011 20:00

I can't believe nobody has done anything already - surely you should be going to the press to expose them.

All the cash will be long gone if they've been up to malarky - I've never seen shareholders get spent cash back, you need to get them while the cash can be nailed down imo.

A sceptic might say the directors have said to the shareholders 'bend over' and all the shareholders have done is say 'how far?'

CR

[curvedair] 01/12/2011 19:54

Kimboy2.

I very much doubt the stinking mess will be swept under the carpet as there are too many people and shareholders that have been truely shafted. Its not over by a long shot and I suggest it will be a while before the directors of this company are able to get a good night's sleep. What's Bully Beefgill doing about this mess or has he washed his hands?

Cash 4, interesting..so can we assume then that MBL are providing services to this company and charging them accordingly or are MBL footing the bill? They are apparently receiving 1000's of discs a day which are recycled and sold through the Bee.com stores and on Amazon/Ebay. The good stuff, mainly games are sold to Tesco,Asda etc.

[kimboy2] 01/12/2011 16:19

cash4discs -



isn't on the list of MBL companies.

Companies House says it is dormant. However Lisa Clarke has been a director since 2008 and Trevor Allan since 30/8/11.

Perhaps it is a parachute company.

As for the Olympics tickets it seems to me that they are a considerable proportion of their tangible assets. Not sure they will have any customers left to entertain by then.

I can see a derisory offer coming after which all the stinking mess will be swept under the carpet.

[deepthroat3] 30/11/2011 18:18

Actually feel a bit sorry for TA. This is the problem if you employ muppets in positions of authority.

[jeffian] 30/11/2011 18:15

Indeed, Deepthroat. Given previous RNS statements, it's one of the many issues that require explanation (unfortunately, probably 'post mortem'!)

"Morrisons has confirmed to the Company that it will assume responsibility for the stock held by MBL on its behalf during the remaining period of the existing contracts. This stock commitment represents a significant proportion of the stock held by the Company."

[masurenguy] 30/11/2011 15:22

Top of the Loser Board today when markets are up by over 3% !

London Stock Exchange: Losers Percent Losers

Symbol.....Name...Cur...% Chg..Change
1 MUBL Mbl Group 3.75p -50.00% -3.75p

Market cap at £640,000 is now also less than cash !

[someuwin] 30/11/2011 13:28

All sensible investors will have deserted this ship a loooong time ago.

[kimboy2] 30/11/2011 13:27

I think it would have been more profitable for TA to do that.

I expect the results on Dec 9th will be the last.

[masurenguy] 30/11/2011 12:37

The strategy when they lost Morrisons should have been to stop everything and sell everything and give any cash to shareholders.

Ah, but you've completely overlooked the point that this would have meant that the directors would have consequently suffered the loss of employment and their salaries. The company had cash then, was not insolvent, and has subsequently reported that it still has cash now !