Patisserie Share Discussion Threads

[jonc] 12/10/2018 09:37

I have had dealings with a number of criminal accountants during my career.

It has always amazed me how they can compartmentalise their lives as though nothing was wrong.

Pillars of society while all the time stealing from charities and their clients.

Turning up at board meetings ad presenting false figures or bank balances while all the time knowing that at some stage they will be caught.

Sadly the penalties meted out by the judicial system have been light. even though lives have been devastated financially.

[blueball] 12/10/2018 09:36

Shareholders have been seriously missled by the directors here.

[monte1] 12/10/2018 09:36

Arrested does not mean charged - it means there is reasonable belief that a crime may have been committed and the arrested party may have committed it. No charges will be brought until investigation can be completed which, in the case of financial wrongdoing, can take a considerable time due to the complexities involved.

Presumption of innocence until proven otherwise but they didn’t hang around making an arrest- will more follow?

[hvs] 12/10/2018 09:32

Luke Johnson's reputation is also sinking fast.... But what about my investment ???

[cpap man] 12/10/2018 09:30

Looks like the now arrested CFO was trying to have his CAKE and eat it?!?!?

Luke Johnson's reputation is also sinking fast....

[phowdo] 12/10/2018 09:29

Ah, didnt know that (about bail).

[hvs] 12/10/2018 09:29

Is still rising , what has happened here is really very very bad.

[sweepie2] 12/10/2018 09:28

No you can be bailed to report to a police station so you can be charged at a future date

[chinese investor] 12/10/2018 09:27

No dough ?

[markie7] 12/10/2018 09:17

from cake to porridge.

[phowdo] 12/10/2018 09:14

Released on bail = charges made.

[sweepie2] 12/10/2018 09:13

No far to soon to be charged he was arrested so he could be interviewed under caution, charges if any could be months away

[pj0077] 12/10/2018 09:12

Good luck with your barrister exams.. still think you need to do just a little more revision, though..

[danny baker] 12/10/2018 09:12

I get the impression that the Finance Director has not been co-operative in answering questions throughout this debacle. This will have delayed finding out what happened and the true extent of the damage.

[phowdo] 12/10/2018 09:10

Mug a granny on the street and you'd be in the cells. Mug a granny's life savings via the stock market and get a slapped wrist and get to keep your "winnings".

2018-07-20 Chris Marsh £680k gain from cashing in share options
2018-02-02 Chris Marsh £1.27M gain from cashing in share options
£1.95M total this year

[sleepy] 12/10/2018 09:09

Does this mean that he has been charged? If so, with what?

[hvs] 12/10/2018 09:07

A bit too late now aint it ?

Where has all the "money" gone ?? Or was there none in the first place ??

How big is the hole ????

[badgeman] 12/10/2018 08:55

The Company has been made aware that Chris Marsh, who is currently suspended from his role as Company Finance Director, was arrested by the police last night and has been released on bail. Further updates will be released in due course as appropriate.

[profitaker] 12/10/2018 08:54

The Company has been made aware that Chris Marsh, who is currently suspended from his role as Company Finance Director, was arrested by the police last night and has been released on bail. Further updates will be released in due course as appropriate.

[clocktower] 12/10/2018 08:25

Sad they way some of these people act nico115 but we know it is commonplace these days. The amount of White Collar fraud is truly amazing, and the worst thing about it all, is that the regulators allow it with the help of the Courts and Government.

No wonder there is so little respect for people in power.

[still waiting] 12/10/2018 08:25

I think they will take the opportunity to prepack and get cheaper rents.

[alex1621] 12/10/2018 08:22

Yes they are being wise after the event. Everytime I've been in one of these cafes it's been busy, despite being relatively expensive. No sign of trouble from the accounts either, a firm with supposedly plenty of cash. The auditors need to be looked at. I do hope Luke Johnson puts the money up and sorts the problem. If he tries to steal the company after administration he'll never be welcome again on public markets. He wrote an article in the Times recently about how to spot a fraud ... how ironic. I hope for a good outcome for all holders ... not their fault.

[nico115] 12/10/2018 08:08

Surely LJ isn't going to profit out of sholders demise by doing a Pre pack? He will say he is saving jobs but will be seen as if he purposely turned a blind eye so he could take all the company for himself ?That would sicken me

[allstar4eva] 12/10/2018 07:45

No position here and sorry for holders as no one wants to lose money this way. It is literally daylight robbery!Just wondering all these people popping up saying: 'how can you make so much money from selling cakes?' Where the hell were they a few weeks ago? Were they always making these claims or just being wise after the event?

[johnwise] 12/10/2018 07:44

Anyone fancy going shopping today. There's some great barbers, bookies and that nice little cafe on the corner of High Street.."Which cafe"? I can see at least 10 where I'm standing..

Please don't buy that tat made in China
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