Rm2 Share Discussion Threads

[my retirement fund] 20/2/2018 12:30

Dex. I wish I bloody knew too because I would be doing it myself.I think it helps if you have some credibility i.e. your part of a team that somehow inspires confidence in what you claim you want to do. Secondly you need to have the right connections to be able to put the fundraising togeather.

[dexdringle] 20/2/2018 10:13

How can anyone get away with burning through tens, possibly hundreds, of millions of pounds on something that isn't high tech risky and have...nothing to show for it at the end ?

Epic really when you think about it.

Reminds me of this......

Give 'em the old razzle dazzle
Razzle Dazzle 'em
Give 'em an act with lots of flash in it
And the reaction will be passionate
Give 'em the old hocus pocus
Bead and feather 'em
How can they see with sequins in their eyes?

Give 'em the old double whammy
Daze and dizzy 'em
Back since the days of old Methuselah
Everyone loves the big bambooz-a-ler

Give 'em the old three ring circus
Stun and stagger 'em
When you're in trouble, go into your dance

Give 'em the old Razzle Dazzle
Razzle dazzle 'em
Show 'em the first rate sorceror you are
Long as you keep 'em way off balance
How can they spot you've got no talents
Razzle Dazzle 'em

[my retirement fund] 20/2/2018 09:17

No your right its true. There is also another word for this type of set up. They call them zombie companies.Dont worry it will go bust soon and Woodford can quietly remove it from his balance sheet and carry on his day job as if nothing happened.

[dexdringle] 20/2/2018 08:26

What are RM2 actually doing ? I mean day to day ?

They aren't selling anything. They can't be pointlessly manufacturing more pallets.

What are they physically doing and what are they spending money on ?

Surely they can't simply blunder along spending money running a non-business till the cash runs out at which point they shrug their shoulders and walk away can they ? Apart from temporarily lining the pockets of the directors what is the point of that ?

What is Woodford doing to protect his investment ? Or has he written it off and walked away too ?

It's all very odd.........

[escapetohome] 12/2/2018 08:14

I dont know, it shows they got their forecasting wrong, so their project managemen5 skills in question.

[jimmyloser] 12/2/2018 07:17

This RNS is the most positive that I have seen since buying a few and indicates that those vitally important KPI's are being met.
Why would the management fight so hard to keep this going?
Why would suppliers work so closely with them?
Why would Fortune 500 companies try the products in field testing if they felt the company was going under?

impo/dyor

Lazarus rose from the dead!

;-)

[opodio] 07/2/2018 19:20

Stegrego25 Jul '14 - 17:40 - 96 of 716
0 1 0
I think woodford must have been smoking something when he bought these....

Absolute steaming pile.



lol

[mattjos] 07/2/2018 19:05

If him, gonna take a while to dump over 100m of them. However someone must be having them because, doubt the MM's want to be left holding any more than necessary

[jimmyloser] 23/1/2018 17:03

Opportunity and buyer (Chinese) is what I see.
Impo.dyor

[hpcg] 23/1/2018 16:57

I've made mistakes in the past trusting that business people and investors with a track record must know what they are doing. We are all fallible. One simply has to take a step back and look at the business and the product and the financials and say what you see.

[snake oil] 23/1/2018 16:47

It's a pity Woodford became involved as they, in spite of recent setbacks, are a high class firm in my opinion. They were sold a "bill of goods" by some trusted advisers I guess.

If I was a shareholder in RM2, I would research potential liabilities against some of the initiators. Here in the US, there are numerous solicitors that would gladly pursue that. But then the US is a litigious country....

[dexdringle] 23/1/2018 15:50

Well, regardless, it does look like you were right. There is no getting away from that.

Struggling to believe that Woodford is so gullible though. Although he has invested in some horrors lately so was perhaps blinded by his own (false as it turns out) 'genius'.

RM2 is a textbook 'how not to build a business' case by the look of it. Poor execution of a poor concept. Amazing. Really amazing.

[dexdringle] 23/1/2018 14:26

So, what we are saying is that a multi million pound composite / packaging business was conceived and created involving lots of money and many, many, people none of who could see what you could see after just a few minutes research ?

Doesn't that strike you as a bit odd ?

[snake oil] 23/1/2018 13:44

Wealth is not synonymous with intelligence. The "wealthy" investors were/are not entrepreneurs but inheritors.

I had a problem treating wood pallets from my Chinese factories for shipment to the west to remove indigenous critters. After a few minutes research, it was obvious composite materials were not practical.

A complete lack of understanding regarding the composites industry, as well as total ignorance of the packaging industry are two of the primary reasons this is a "bust".

[dexdringle] 23/1/2018 13:17

Lots of wealthy people seem to have pumped lots of cash into this thing.

If it was a total dog of an idea, and a completely flawed proposition, then how did they not see that ?

This isn't high tech rocket science. It is pallets for goodness sake. About as basic as things come. How did they get it so wrong ?

[ltcm1] 23/1/2018 12:37

The thing with wood is you can easily dispose or recycle at end of life. Can the same be said of Woodford's pallets??? He might find himself with a large disposal bill at end of life.

[dexdringle] 23/1/2018 11:39

From 30p a share to 1.5p a share in 12 months. Most odd given that prospects are little changed ?

[snake oil] 22/1/2018 22:08

It doesn't matter if Kraft Foods or anyone else gives a contract for their pallets. They have had contracts in the past and have not performed.

The business model simply is without logic. I looked at this business 15 years ago and rejected it due to pallet cost, logistics and marketing challenges. Things haven't changed.

It is a shame these wealthy seed investors did not have as much intelligence as they had arrogance.

[jimmyloser] 21/1/2018 19:03

IMPO/DYOR

I cannot help wondering that if this is really seen by management as being a 'hopeless case', just why they have worked so hard (and clearly they have), to prolong what many are viewing as the inevitable end.
Whilst they issued that very clever and carefully worded RNS, that to my mind told us everything but in fact told us little to base any tangible decisions on. What they did not say is just how big this Fortune 500 player is and how near they are to a decision. Could they actually be only days away (a month?) and that is why they and their suppliers and financiers have prolonged making a decision before calling it a day. If this one is converted, just how many more of that list of Fortune 500 players could follow? From zero to hero in six weeks?
Don't sell the family silver but this may be worth a pocket money punt if only for a little bit of fun............................................ About as risky as The Grand National or the turn of a roulette wheel.

and a further thought, if you or I were a Fortune 500 company would you be wasting time trying out products to KPI level or having discussions with any supplier who was only days away from being bust............................unless of course, you had assurances from a very high level etc etc!!

I will have a little dip for the hell of it.
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"Notably, a leader in a North American specialty food sector has agreed to roll out ELIoT pallets in their supply chain subject to the pallet meeting KPIs throughout the implementation," the company said.

"The company continues to advance its discussions with potential funding partners and customers in order to progress the business," it added.

[hpcg] 19/1/2018 10:01

Stop, its already dead. Even Woodford has stopped pouring money in. Phowdo - your post a few months back, Paul Tudor Jones "losers average losers". Changed my world view of investing when I came across that.

[walbrock82] 19/1/2018 09:56

For those who want to learn why RM2 is collapsing, I listed 8 red flags an investor should detect in RM2 before considering an investment.

It should serve a valuable lesson.

Also, big names like Woodford and Stuart Rose doesn't guarantee a business success.

[dr biotech] 19/1/2018 09:46

If the fortune 500 company takes it on then it could be a big winner. Based on their previous form its not likely to happen. Pretty much like betting on a horse here - think I'll give it a miss though.

[phowdo] 19/1/2018 07:53

All over bar turning off the lights.