Post by
Papagallo on Jun 09, 2015 12:48pm
Needs to be a criminal investigation here
Blatant lies and misrepresentation has cost shareholders millions. Company has breached covenants and is bankrupt if lender chooses to act. No chance of ever raising money, equity holders are screwed. A class action will happen but you can't get money from a deadbeat stone.
Comment by
largeinvestor on Jun 09, 2015 1:05pm
This was easy to see coming. How hard is it to set up an english school and they dump it on LOY for millions a year later. The perfect business model for a man who wants to get rich. Not so much for shareholders. I
Comment by
trac3 on Jun 09, 2015 1:20pm
Serious white collar crimes fraud should have serious penalties like jail time & stripped of assets. Unfortunately there will be more bad news coming for the shareholder victims