The Board statement is self contradictory, on the one hand they say that they are not in control of the business finances, and on the other hand that shares are worthless. Chaps, shareholders have been taken for a ride here. The buyers were there 2 weeks ago but they didn't want to let it through. With Wal-Mart, OpCapita or anyone else except the GameStop, the Board would lose their jobs. As it stands they'll stay behind the steering wheel of a new company valued at I guess at least £200m.
Shareholders in this country are really sheep to let it go quietly. At the end of the day they are the owners of the company and should at least scrutinise what is going on. In the US this sort of behaviour is illegal, and although shareholders may not get anything back (if it proves that there are no assets), the Board (those responsible) would be behind the bars.
Sorry for all long term holders who were trapped with 80-99% loss bracket.
And even more sorry for the hard working staff who are destined to lose their jobs.
Ta ta from me, off to nurse my losses.
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