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Today 23:51Price: 2.40
parmxz21 posts
RE: The case for the FCA

I doubt if the IIs will take any concrete action. Most of these instutations invest in other funds/shares. It would be business as usual for them with loss in one thing and gain in the other. It would be PIs who will be devastated. If we had personal investor (likes of Mike Ashley) with big chuck, we will see quick action like removing the board memebers or judicial review. We don't have any. We are left with what we have now. I see no light in the end. Only 1P.
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Today 23:50Price: 2.40
CanonGuy29 posts
RE: The case for the FCA

As I'm sure you are already aware, the BOD of Flybe has deceived us all and have arranged for the sale to go through without a shareholder vote. One could describe their actions as very clever or the only option open to them in order to save the company but we all know that's hogwash. If we knew of the cash flow problems they were facing, a rights issue would have been the obvious way forward. I can see why administration had to be avoided at all costs because the valuable Heathrow slots would have been lost without compensation. The fact is, Stobart, Virgin and Cyrus have gained a valuable asset at very little cost. No wonder the Stobart shares rose so much when the announcement was made. At the end of the day, apart from my cash losses, I'm even more concerned that my trust in the market has been badly damaged. If they can do this, what's stopping any BOD from doing the same? Perhaps I should sell my other shares now while I have the chance. I wonder how this will effect the stock market generally when the story finally breaks? Of course, it's clear now why they chose this week to play this game!

Just maybe, someone with money behind them can challenge what they've done but I'm not holding my breadth!
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Today 23:45Price: 2.40
joetunheimr27 posts
RE: The case for the FCA

Haha true. The Flybe board may as well take the employees out for lunch and give a nice bonus to the staff with that £10m. It will at least prepare them for the culling the consortium is going to unleash with its £80m of 'investment' in repainting, rebranding and redundancies.
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Today 23:45Price: 2.40
Wkworld150 posts
RE: woodstock1970@yahoo.com

Woodstock1970. I've been suffering from depression for a while and especially so these past 6 months so needless to say this nearly tipped me over the edge. I'm getting some support with it at the moment.
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Today 23:29Price: 2.40
Taverham167 posts
RE: The case for the FCA

I think the silence from the big holders is understandable at this stage, just think busy people full diary for today and then this from left field. Meet lawyers over lunch, ring flybe Board and rant for 20 mins. Take action tomorrow or next day, once we have a clear way forward and the BOD have spent virgins £10m [LOL}.
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Today 23:28Price: 2.40
Scully123456,635 posts
RE: Serious fraud office involved

Woodstock "My plan is to borrow heavily with Virgin finance and then go bankrupt. I will turn my assets into gold and cash."

Don't forget silver and crypto too. F uck the banks and Virgin. Scum
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Today 23:12Price: 2.40
0x4224 posts
RE: The case for the FCA

Taverham: Thanks, ah yes good point! At least £2m and upfront.
joetunheimr: Sorry yes, you're correct it was just the hanger. With that in mind then I've counted 5m twice so they may have been eating into their restricted cash.

In hindsight and looking step by step through the figures it is unfortunately clear from a cashflow perspective how we got here, this is at least one take away learning for us who got burnt. Not just cast your eye over but do your own forecasts, something I don't expect with a co. listed on the main market.

What's not clear is why they didn't raise any issues, if they were doing their jobs correctly the cashflow forecast would have flagged this straight up as far back as March and most certainly by 14th Nov. Also problematic is the fact that larger investors were lowering their holdings at the start of Nov prior to the half year results. Given that they have the resources to monitor performance what made them act so late...
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Today 23:11Price: 2.40
Woodstock1970603 posts
RE: woodstock1970@yahoo.com

Above is my email address. Thankyou for your emails so far. What i am reading through and through is genuine honest people that have based investment decisions on trust. When we are on this board it can be easily forgotten that we are real people. My course of action tomorrow is to get hold of the media. We need to get this story out. My other concern,as mad as might seem is depression. The biggest killer of blokes, below age of 50 is suicide. We have all taken hits. Our trust has been blown too bits. I suffer with depression but i got the right support through my doctor a year ago. I guess all you guys will be driving neat gin and gun powder but i trust my experience might help others Take care all. Will post progress on media effort tomorrow.
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Today 23:11Price: 2.40
gustavio286 posts
RE: The case for the FCA

it's c alled 'media management' .timing/ co- inciding with other -bad- news so it won't get any particular attention
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Today 23:08Price: 2.40
Fastfood1,072 posts
RE: The case for the FCA

Great Post Ox42 and also Joetunheimr.
I can tell you guys really care about right and wrong.
I agree Joetun. What are Hoskins 16% ? And Tinkler 12% still doing in here when 2p 3p 4p was around ?
Couple of Points, 28% joint Ownership is significant as can usurp the 75% who Vite for the Deal. Will the Vote go ahead or even matter ? I really donít know. You need 10% to call an EGM.
Should Hoskins or Tinkler have Sold then I suggest they would not get a very good Average 1.5p at best / but even then better than 1p ??
Shouldnít Hoskins have known about the Balance Sheet having been Long Term Investors in FLYBE ? and furthermore their Silence is deafening.
The BOD actions / lack of info to SH has been outrageous. Iíve no doubt they have got away with what the bare minimum on info and covered their backs.
The BOD with previous RNS have pumped and dumped the PI.
The art of mis direction.
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