BW: lol! With this lot in charge of the Greek Economy, the German's would pay them to leave! I don't think the Greeks like the Germans and so they're getting their own back from the 1940s Occupation ;)
You would think that a company who recently said how much they want to give 'Shareholder Value' back to people who pay their salaries, it would be politic to post updates every few weeks to let you know they hadn't forgot you. Essentially, they are the one's who have had 'Shareholder Value' to date.
I believe that their "Restructure process" Will go the same way as the previous company which tried a similar process with an RTO. It failed and they went bust. However, that aside, any progress should have been reported by now but I do think they will say that it hasn't gone according to plan, and they will close the shop. Could be wrong, but the issue is, the months this has been going on, you would have thought that by now that it would be cut and dried?
The other problem is that all this is costing them money as it must involve Lawyers, travel and other associated costs. As this business is almost out of cash, by the time they stop messing about, the account will have dried up. Without further investment in FLPC, they will find it hard to survive because investors will stay at Arm's length, so to try to encourage new money, they should have drawn up a 'Convincing Business Plan'. Don't be drawn in because it most probably won't be any more plausible than FLPC was from the outset when they said "There's no guarantee the outcome will be successful". These were the exact words used in PPA in relation to the RTO that Broke the Bank due to "The legal processes costing more than we bargained for". That was their get-out and also the time that Voaden left the company for "Personal Reasons". This true if you back track on old PPA records. What we seem to be getting hear is a re-run of past happenings, although we shall have to see what materialises.
Bob Reynolds should be in touch with his Shareholder's by means of a Public Notice and play a straight hand as it is your right to make this demand/request as the need to know what's going on.
AI
