Patisserie Share Discussion Threads

[bbmsionlypostafter] 17/1/2019 20:04

What did the fraudsters gain from their intricate fraud?

[danny baker] 17/1/2019 19:32

Diku to quote from the Times article today, Miton Asset Management and Schroders are understood to be among the institutions to have backed the discounted share placing. One investor who backed the placing but asked not to be named, said that he had been unaware of the latest revelations and would be taking advice. " It wasn't risk-free, we knew that", the investor said. It looks to me that these institutions are more inclined to be litigious than willing to stump up any more cash to keep PatVal afloat. The banks tomorrow are not going to go out of their way to be helpful either. They might have considered extending the standstill if they thought investors might put in more equity but as that doesn't look very likely I would fear the worst tomorrow.

[montyhedge] 17/1/2019 19:17

You could be right, but did they take their eye off the ball.

[topvest] 17/1/2019 18:39

The comments above are a bit strong in my view. The auditors and non executive directors have been deceived by an intricate fraud. The short selling position was nil, so even the hedge funds missed it. The blame lies PRIMARILY with the fraudsters, and they should be formally charged and sent to prison.

[owenski] 17/1/2019 16:09

Pizza and Cakes are medicine, they make me feel better at least.

[mw8156] 17/1/2019 15:53

can't help thinking that Luke should have stuck to medicine, it's ultimately a much more spiritually rewarding career than selling pizza and cakes, I guess.

[barnetpeter] 17/1/2019 14:17

Shareholders should thank the outgoing director. He clearly did a great job. Clearly a bonus is due. His large fees were were earned..in that famous scene from FAwlty Towers...”I know noooothing”

[still waiting] 17/1/2019 13:48

how big will the ongoing losses be ?

will they ever declare or just prepack ?

[sikhthetech] 17/1/2019 13:47

Agree, auditors and directors ought to be shot...
At the very least there should be a compensation fund with any directors who made money out of the share options and auditors made to pay into it..

any directors who are found guilty should have ALL their assets stripped...
It's the only way to send out a message that this kind of fraud must stop...

Anyone know about the pension fund situation here?

[owenski] 17/1/2019 13:46

"I really need to focus on all these other commitments."

"Thanks for having me"

"Bye"

(Walks off down the road humming a tune gayfully and wipes cake crumbs from his mealy mouth)

[extrader] 17/1/2019 13:38

Hi RCT et al,

One director doesn't want to be shot...RNS out :

…"Patisserie Holdings plc (AIM: CAKE) ("PH" or the "Company") announces today that Lee Ginsberg, Non-Executive Director and Deputy Chairman, has resigned with immediate effect, in order to focus on his other commitments. The Board would like to thank him for his service. …"

ATB

[tomboyb] 17/1/2019 13:26

post 2355 -

Looks like that was not the only thing made up -

[rcturner2] 17/1/2019 13:21

The directors and the auditors should be shot.

[pugugly] 17/1/2019 09:43

Fun and games - Almost makes the antics at Pergamon Press look honest!!

[phowdo] 17/1/2019 09:27

Luke Johnson in the Sunday Times back in 2017,
"I have made both terrible and excellent investments because I was looking for something to do. When we bought Patisserie Valerie 10 years ago, we had no plan of any kind. We almost made up the project as we went along. Yet over the past decade it has become just about my most successful venture."

[eeza] 17/1/2019 09:19

You're not so bothered when using OPM.

[diku] 17/1/2019 08:42

Below from an earlier poster...who are these Institution investors forking out money without knowing the true extent of the fraud?...isn't that a dis service to their clients money...




The institutions who chucked into the pot at 50p have already been made to look like mugs so they won't have any appetite for another rescue placing at 20p.

[nico115] 17/1/2019 08:25

I don't hold here but very nearly did as looked like a good investment I declined as I saw LJ take so many companies private ..I never trusted him and luckily my instinct paid offFeel really sorry for shareholders as one can't predict these things ,totally unpredictable

[jonc] 17/1/2019 07:47

No doubt Chris Marsh will plead not guilty if and when he is charged and the tax payer can look forward to funding his defence.

[owenski] 17/1/2019 07:20

Always seems to be the same, headlines of fraud, but then when the surface is scratched, underneath the reality is far far worse.

Of course, the UK's most switched on entrepreneur, a guy who wrote tedious trumpet blowing columns in the papers about spotting frauds and how bleeding clever he was, knew nothing.

I know nuffink.

[hernando2] 17/1/2019 07:16

As soon as a RNS says stakeholders rather than shareholders...you know that things are very bad