A global media company catering to the design, events and exhibition industry

Free
Message: RATS, SHIPS & SINKING>>>>>

And the Registered Office has been moved to....

...what appears to be the address of the specialist Company Voluntary Arrangement consultants who prevented the company being put into liquidation.

I seem to remember that these consultants were the people who managed to ensure Yorkville could use their voting power, (combined with the ludicrous CVA rules,) to gain effective control of the CVA voting, then the bank took the wind out of their sails by putting Button Group into receivership. Check this for yourself though.

I presume their job now is to drag the process out as long as possible to prevent Yorkville taking the full hit on their books -although this is mere idle speculation on my part? What do you think?

I would say that IMHO this company's story is the most powerful prima face evidence Parliament needs to review and probably radically change the CVA process to prevent any repetition of what went on here.....

Investors have lost hundreds of millions of dollars here - the NASDAQ, SEC, DTI and god alone what other regulators have done nothing to prevent this or investigate whether any laws were broken - all those involved should be deeply ashamed. We are talking pump 'n dump, Reg S "sweetener" share sales and alleged massive abuse by the directors of expenses, share options, etc. plus endless claims of positive EDBITA and importanrt deals with big blue chips, all of which went to dust. Even Madoff's evil empire appears to have been involved in the pumping, having traded billions of shares in FMDAY when it was on the NASDAQ.

THIS STINKS.

Share
New Message
Please login to post a reply