By Tom Winnifrith, The Sheriff of AIM | Friday 7 July 2017
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Blur (BLUR) was floated at 82p. Today after five years of accounting fraud, operational failure and cash guzzling it is doing another bailout placing at just 1.75p so leaving its long suffering shareholders 98% down. As part of today's bailout a number of directors have "been resigned" including Kara Cardinale, hithero paid an arm and a leg as Chief Delivery Officer. Chief what the fuck???
Kara is a busy girl as you can see from her blog below.
During the lambing season she lives to walk around the farm. Hang on surely she is paid to deliver whatever Blur claims to do not lambs?
Of course you may know Kara by her married name. That is Letts for she is the ghastly Mrs of Phil, the disgraced CEO of Blur. And where Kara delivers lambs is the couple's luxury Devon estate which you can read more about HERE.
Now, as for those shareholders in Blur who have lost 98% of their cash: where are their luxury Devon Estates? Are they too qualified to be chief delivery officers? Will Mrs Letts still be on the payroll and if so why? And do shareholders who have lost their shorts on Blur get discounts if they want to rent luxury accommodation on the Letts estate?
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