TXO PLC (TXO)

[Drunken Sailor]

The whole Times article was set up by TXO's PR people. Yes it sounds quite scathing, but when the share price is 0.1% of the highs a decade ago the PR man can hardly get the Times to print what a great company it is.

The article Libeled me, as I had absolutely nothing to do with TDI telling its clients (of which I am one) that TXO would delist.

The article also tries to hint that the Nomad's departure was a bit of a mutual thing - "market sources [the PR firm] suggested had grown increasingly miffed with each other over the past couple of months"

Utter tosh! Nomads don't resign like that because they are miffed, They may, as Fox-Davies did, tell them to find another Nomad, but stay on until the company does find a new Nomad (when Fox-Davies sacked TXO it took TXO over 3 months to finally link up with Nortland). Nomads resign publicly giving 1 months notice when there has been a serious breakdown in trust due a to serious breach of the rules - most probably TXO told them that everything was fine with the drawdown of the remaining £500k (I had been pointing out to Northland from early in the New Year that there was a serious problem) and therefore they were not trading whilst insolvent (which they were) - note that the resignation came hot on the heels of the admission that the £500k would not be arriving and the emergency measures (including Director dealing in a close period) that were planned to just get the company to beyond its annual report and AGM, which if they do not happen will also get the shares suspended and then cancelled.