TD
Why was CE paid such vast sums, likewise the non execs when not a bean has been earned over so many years?
Why did Little and Damac push this investment and suddenly disappear?
Recently there is the tragic and sudden death - in UK or US - in unpublished circumstances. Is this scenario less straightforward to understand than might initially have been thought. After all the promises, what does Vauch think as he is one of many badly affected investors? |
Been a while, but just looked in and saw the news. No 'we told you so' but of course we all did. Genuinely surprised and sorry for the death Mr Potter. A young age but there has been a great deal of 'died suddenly' since 2021. But not the time nor the forum to be considering what may have been the cause. We will never know nor does it really matter, we all must make the fundamental decisions on our lives as we judge as informed as they can be. The story was always going to end with a suspension and delisting. They did well to spin it so long. Unfortunately too many people have been subject to the fraud that is this scam. Millions of PIs' money lost and was never invested just subscribed to a Ponzi scheme. Unfortunate that it has such a human post script to its timing. All quiet next door. |
They've gone bust. Last time I looked they were still showing Potter as a director! |
Has anyone tried to visit the TOMCO website? Only tried a few times over a few days but it has been inaccessible. Have they paid the hosting fee? |
Lopo unless I am missing something I have not seen a cause of death. In my view it is quite a legitimate question but no doubt the normal suspects will use emotion to close down debate.
Going by the other board these questions appear to be irrelevant because it is absolutely schtum at the moment. Perhaps there is a collective reflection on how right this BB has been throughout.
Not long now. |
If TOM had taken out key man insurance, this would have involved medical checks?
If no key man insurance this would have been due to decision not to insure CE - medical issues, excessive cost etc. One might have thought the big investors would have needed some form of assurance re his health quite apart from key man insurance.
Clearly there is no KM which places the Board at fault. Did the Board not at least insist on a full medical annually - if not why not?
Some shareholders may want to know the cause of death bearing in mind this is / was a one band and there was no double cover.
If stress etc was the cause of death, why did the non exec board - all well paid - allow CE to operate under such risk - or perhaps it appeased its conscience by paying a remarkably high remuneration to keep him on board. |
 You don't have to go back too far to see the stupidity on the other thread...
rmart
22 Apr '24 - 08:19 - 31363 of 31447
So, the 2 new large holders have bought in for almost £1m so far.
I don’t care how wealthy you are you don’t waste a million quid.
goulding1215
22 Apr '24 - 18:19 - 31365 of 31447
I think that Rmart is on to something here. How long before anything leaks out that will be relevant? Gla
Told them at the time ...
fenners66
22 Apr '24 - 11:04 - 18291 of 18456 Edit
So your implication is that anyone who gambles £1m cannot get it wrong....
Fine all millionaires will inevitably become billionaires etc
That is clearly not true. Its either stupid and naive or used as a desperate perhaps insidious tactic to influence those whom follow your thread and whom are not allowed to be exposed to "realistic " opinion. Join the dots.
What evidence springs to mind to support my contention ..?
The relatively wealthy Mike Ashley -bought £100m of shares in Debenhams - after strangely , myself and others on ADVFN discussed the precarious state of Debenhams finances and whether they were investable. (if only he had read the thread - it was not censored for positive only posts )
He lost the lot. £100m down the toilet - so a mere £1m ... peanuts. |
Lopo most of us on this thread are fed up with the symbiotic relationship between BB posters/gamblers and narrative companies which need a thread of respectability to raise cash to support the narrative and remuneration.
Which are worse? probably the 'rmarts' of this world who scam their fellow posters by framing the BB narrative.
Just to state the obvious - no RNS today announcing the funding. The company will have been trying to raise cash from long before the going concern qualification of the accounts. |
Strange that erstwhile protagonists have been very silent - for how long? Why?
When / if this company is investigated their involvement should be examined - but unfortunately this business will pass away
In time and no one will be any the wiser.
Of course this can only happen once the Board has collected any deferred remuneration for its services. |
Has a smell of Petroteq about this now.
PQE suspended for ages and then delisted
Another Byle partner .....
He does very well out of his partners, bled them dry.
Too smart for TOM
Did not outsmart us though we saw through it from the start. |
Fenners if I remember correctly the other thread were going to demand an EGM. If they cannot afford to circulate a set of interims, they will not be able to afford an EGM.
The only question now is when to report 'honest failure'. The biggest determinant of timing will not be the shareholders but the personal impact on the directors.
As for thanking 'trolls' - forget it! |
31,447 mostly BS posts on the other thread and now possibly the most important event in the companies history
and they have nothing to say ...!
How about thanking us for our insight ? |
Fenners, the interims will be a matter of fact. It is strange that they cannot produce them for financial reasons and there may be more to this.
At face value it sounds as if my cash W-1 etc was fairly accurate and if the directors knowingly take on credit without the ability to pay then that would constitute trading whilst insolvent. Potentially the Directors would have to make good those liabilities. |
So this time they are suspended - not because they could not get the auditors to sign off the audit report (last time due to going concern considerations) ...
but because they do not even have enough cash to create interim accounts - when these are about as easy a set of accounts to produce as you can get as a quoted company.
Interms :- No income , some admin costs , lots of losses , get the previous set , change some numbers , delete some words , job done.
And the ACA on the board cannot be bothered ?
We said after the last fund raise , we thought it was flushing away good money after bad.
Of course the gamblers and apologists had a go at us. This bloke has invested a huge pile of cash - therefore he MUST know what he's doing.
We said , having money to burn does not make someone smart...
We seem to be very close to the end game ... we shall see. |
How can Groat keep the jobs when he is the common denominator and a CA ? |
Found it - an Eveining Standard article
Harland & Wolff share suspended
07:16 , Simon Hunt
Shares in shipbuilding business Harland & Wolff are to be suspended after the company failed to publish its annual results on time.
The firm said delays to its results were caused by “ongoing discussions with its auditors regarding revenue recognition relating to the multi-year and complex nature of some of the contracts under which the Company is working.”
It said its annual report was set to be published during the week beginning 8 July, more than a week past the deadline according to AIM rules, and that shares would be suspended until that time. |
What was that about Harland and Wolfe not producing accounts on time ? |
Someone on the gamblers thread thinks TOM can still raise even more money to burn !
For what ? Its not a supposed to be a charity !
They need money to do the interim accounts ?
Not like they could see that coming !
Pathetic
Nothing for the liquidators to sell either ?
So the official receiver - however that works. |
Can I go back on the other thread now |
Not a single relevant question will be asked. |
When the financing RNS does not appear and is replaced with the official receiver's appointment, shareholders need to be asking 'where was the key man insurance?'
A bit late in the day but the risk arising from the difficulty in raising cash, with reliance of a single employee, might have been persuasive to arrange key man insurance'. If not available then a note should have been in the business risks. But this is TOM that did narrative. |
Is the fat lady clearing her throat? |
Well at least the share price won't drop any more next week........ |
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