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Tom Winnifrith's piece on Friday reminded me of a rare good news story to come out of Worthington Group (WRN) over the festive period and it relates to Oleg-Serguei Schkoda.
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Comments
BRITTA
Many people have multiple Directorships. Any evidence he’s stepped down from his leadership role heading the expanding Worthington energy portfolio? (sorry, I am really trying to say that with a straight face!).
Perhaps NBR is going to be one of the ten deals in the WRN pipeline, and so whilst suspended they’ve parachuted Oleg in to NBR to get it going and to act as WRN’s representative on the board? NBR then spearheads WRN’s expansion into Congolese oil and gas plays, and so on to eventually dominate the African subcontinent.
Simples.
wildrides
What ever happened to “mate before dates”
Cynical Bear
@Britta – not sure you really believe that but I accept it is a possibility.
Appreciate you taking the time to being the first to comment on my posts and really like the use of “Simples” – bIt annoyed I didn’t use that myself.
Duck and Dive
Funny stuff, CB. Keep it up.
BRITTA
No of course I don’t believe it, WRN is comedic genius these days!
I shall be gutted if they delisted and disappear for that reason.
turbograndad
WRN, was a spoof from the word go, with all the usual suspects, and bogus anecdotal economics, it is truly a very good example of a classic POS, and should eventually have a full investigation, if the chocolate teapots are up to it.
Not sufficient for it to be just delisted for failures, needs a proper investigation.
Fortunately I saw this one coming, but others for various reasons didn’t, usually the euphemistically called BB morons, or the less experienced, or just plain feeble minded, but either way, shysters like these are all too common, and why the sheriff will always be in work with this system we have.
BRITTA
An interesting point is whether WRN could have got away with this if it was listed on AIM, as opposed to the main market. The BBs ramped on about it being on the main market and not AIM (as if this automatically conferred some degree of quality to it), but in reality that main market listing meant there was no NOMAD to be obliged to sign off Dougie Ten Deals’ rampathon RNSes.
OK I appreciate that there is some variability in NOMAD quality (lol) but even so one would have thought almost all of them would have blanched at some of WRN’s RNSes (notable the $2bn deal and £5/share NPV twaddle).
Cynical Bear
@ Britta – pretty sure that they would have been Nomadless and delisted many months ago.
It is slightly perverse that the standard listing of the main market is significantly less regulated than AIM and being used by many businesses as a cheaper and less problematic route – Monday’s forthcoming listing of Falcon Acquisitions being an obvious example
BRITTA
I keep morphing Falcon Acquisitions with Silver Falcon (SILF), thus getting FILF
Another you could add to the list of shells on the less regulated main market is Senterra (SEN). Likewise ramped to high heaven.
FUCKWIT
I wonder how much Whyte, Earley, Biggar and Ware pish themselves laughing at the couple of dozen resident arseholes on the LSE who constantly trumpet this POS.Their reward is a loss of their investments. No doubt the gains already achieved and realised shall be used to scam these self same muppets again the future.
These LSE asreholes are a godsend to these scum sucking lowlife creeps