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EXCLUSIVE: Disgraced Neil Woodford vetoed delisting of RM2, source

2019-10-21 11:28:18

A source has come forward to Deputy Sheriff Towers in relation to the Woodford catastrophe that is AIM-listed (for now) RM2 (RM2), the maker of disruptive non wooden pallets. Firstly, I am told that RM2 was forced to list when everyone at the company knew it really was not ready: the product (those revolutionary trackable pallets) was still in development and the company was still guzzling cash. But roll forwards to 2016/17 when it had run out of cash and needed yet more funding, and a proposal was put to delist and take the company private – which was vetoed by Neil Woodford.

ARTICLE

Woodford Dog RM2 – catastrophe as Neil is snookered

2019-07-23 11:52:12

After bailing out the ridiculous AIM-listed RM2 (RM2) over and over again with other people’s money before his own supply ran dry, Neil Woodford finds himself completely snookered this morning as RM2 has announced a bailout fundraising without Woodford and he faces the choice now of being diluted to oblivion or watching it go bust. Of course, readers of this fine website have been warned and warned and warned. But Neil always knew best.

NEWSFLOW NEWSFLOW ARTICLE

SCANDALOUS: 67% Neil Woodford owned dog RM2: I demanded a statement, it’s here and its grim

2019-06-26 08:40:04

On Monday I demanded that RM2 (RM2) make a statement to cklarify its (grim) financial position. Today it has obliged and this maker of “disruptive” pallets where Woodford Investment Management funds have a 67% stake looks to be utterly fecked.

NEWSFLOW ARTICLE

Neil Woodford dog RM2 shares collapsing – statement needed ASAP

2019-06-24 09:57:59

A week ago shares in “disruptive pallets” Neil Woodford dog RM2 (RM2) were 38p. Today they are off by almost 20% at 28.5p and surely a statement is needed. It cannot be good news. And this is why.

ARTICLE

Woodford Dog RM2: is silence golden or a sign of doom?

2019-03-09 06:52:15

Last year, as AIM-listed pallet revolutionising Woodford Dog RM2 (RM2) ran out of cash yet again (before good old Uncle Neil, armed with other people’s money rode to the temporary rescue, yet again) the company issued regular updates on its financial position. No doubt Neil was pleased, as the company eked out a few more weeks from the remaining cash. The last we heard from RM2 on its cash position was back on 23 November 2018 when we were told that following yet another placing (backed by Neil, with other people’s money) it had enough cash to last until April. We’ve heard nothing since….

ARTICLE

Woodford Dog RM2 – wins VAT reprieve but no cash impact (so why bother with an RNS?)

2018-12-24 01:19:03

AIM-listed and permanently on the edge of insolvency RM2 (RM2) has announced some good news. Well, sort of: the executioner is still booked, but at least the taxman is off its back.

NEWSFLOW ARTICLE

RM2 – All hail Cynical Bear as Woodford bails it out yet again (until April)

2018-11-25 10:10:36

On Friday afternoon, as the city returned from lunch ready to wrap up for the weekend, AIM-listed RM2 (RM2) announced a share capital restructuring, placing and notice of EGM. Roll back the clock to 14 September when, in the wake of yet another set of dire results, Cynical Bear told us  it’s time to place your bets as to whether Mr Woodford is going to throw another $17 million in to the pot. Suffice to say he is now Cynical Mystic Meg…..

ARTICLE

RM2 – Wins "Significant" Contract er... whatever it is still 5 minutes from bankruptcy

2018-09-18 08:21:04

Shares in Neil Woodford uber dog RM2 (RM2) are up by 59% at 0.875p. That means that the market cap has jumped by £14.4 million to £38.8 million on the back of a contract win termed “significant” but which clearly is not and does not change the fact that this company is five minutes away from midnight, that is to say bankruptcy. It’s got to be placing ahoy.

NEWSFLOW ARTICLE

RM2 International: Interims as bad as expected, I reckon Woodford is tempted…

2018-09-14 08:36:18

Following the poor trading update last week from RM2 International (RM2) that I covered HERE, its interims were issued this morning and are largely as expected but still worth a quick look and it’s time to place your bets as to whether Mr Woodford is going to throw another $17 million in to the pot.

NEWSFLOW ARTICLE

RM2 International: A dreadful trading update – what a shock!

2018-09-07 09:29:40

Woodford’s month from hell has got off to a strong start with an immediate dog’s dinner of a revenue/profit warning from uber-dog RM2 International (RM2) this morning. Let’s take a closer look and count up all the negatives.

NEWSFLOW NEWSFLOW NEWSFLOW NEWSFLOW ARTICLE

RM2 International: Woodford all-in holding seven-deuce; wonder how it will turn out?

2018-03-29 03:40:00

I ended my most recent piece on RM2 International (RM2) with a suspicion that Woodford was getting tempted to support these guys one last time and today a $36 million placing at 1p was announced, pretty much wiping out the existing shareholders and leaving him holding 67% of this uber-dog!

NEWSFLOW ARTICLE

RM2 International: More good news – one more month’s stay of execution!

2018-03-09 03:44:47

It’s amazing what can be done when one’s back is against the wall. For the third month running, the guys at RM2 International (RM2) have found some cash from behind the sofa and can put some money in the meter. Its RNS this morning is its most upbeat in a while although I'm not sure it will alter the long-term outcome.

NEWSFLOW NEWSFLOW ARTICLE

RM2 International: Good news – Neil Woodford’s dog has been given three weeks more to live!

2018-01-19 03:36:17

Look, I’m trying to be nice. We were last told that it could be tits up for RM2 International (RM2) by the end of January and today we heard that it has found enough cash down the back of the sofa to last until the third week of February. Good news! The reality is that this is a cash guzzling uber-dog and highlights the predicament that Britain's most conceited fund manager Neil Woodford has got himself into.

NEWSFLOW ARTICLE

RM2 International: Yep – it was another bad week ahead for Woodford

2017-12-02 02:23:31

A week ago, I noted that news was due from the disruptive pallet manufacturer, RM2 International (RM2) and doubted that it was going to be positive. Well, it finally came out yesterday and I wasn’t disappointed although assume Neil Woodford and the long suffering shareholders of this and his Patient Capital Trust (WPCT) probably were.

NEWSFLOW ARTICLE

RM2 International: Another bad week ahead for Woodford?

2017-11-27 03:43:34

If I was Neil Woodford I would wake up each Monday morning thinking, for the love of god, please can this be the week with some good news to come out of the Woodford Patient Capital Trust (WPCT) portfolio. Unfortunately, I don’t think it will be this week as it looks like crunch time is approaching for the “disruptive” pallet-maker, RM2 International (RM2).

ARTICLE

RM2 International: The future’s fine apparently – just need funding and customers!

2017-09-27 03:40:15

RM2 International (RM2) gets the silver medal in the Results Preview five horse race having released its interims this morning. I was keen to see progress on the funding but there is nothing definite on that front although there’s nothing to worry about out as the management have got it covered – yeah right!

ARTICLE

RM2 International: Interims preview – another Woodford debacle

2017-09-23 02:58:08

I’m continuing my look at forthcoming interims with the horror show that is the Woodford-backed RM2 International (RM2), first pointed out as an excellent bear tip by Graham Neary (HERE). One has to ask what the hell was Woodford thinking here?

ARTICLE

When the Stock Market Goes Mad: The Case of RM2

2017-07-12 00:38:24

It was my great privilege to speak at The UK Investor Show this year, along with the illustrious bears and short-selling raiders Lucian Miers, Matthew Earl and Gabriele Grego. For my choice of bear tips, I again went for the easy target of Fastjet (FJET) (down by over 70% since I first mentioned it in November 2015), but my new tip was the rarely-discussed pallet company, RM2 International (RM2).

NEWSFLOW NEWSFLOW

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