You may think it a silly comment. However, it took me just 2 hours of research into LGB long before the shares were suspended to realise that it was not fit to be touched even with a very long bargepole belonging to someone else!
Not only did Philip Wood jump feet first into involvement with LGB/CCO, but as a non exec director he had a duty of care to shareholders, a duty which he proved totally incapable of fulfilling.
As a small example, not once did he make known publicly the very clear caveats which should have been passed on to shareholders, such as Baker Tilly refusing to sign off the accounts.
In short, he is either a rogue or an incompetent fool.
Thus I am reluctant to invest in any company where Philip Wood is principally involved in the management thereof.
True enough, GME is in the sexy (and booming) equipment supplying sector of the oil business. But it has not got the right management. Just my view.
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