Langbar International

Anom,

Good post, but I think you're wrong in one regard. Though I have no hard evidence of this, I really cannot believe that Pearson did not know that something was wrong. The whole reappearance of this companies assets was due to the supposed purchase of a building contract from a company who just happened to be a big shareholder in LGB (CCO at the time of course), and then the same company buying back the very same contract for twice the price (twice a very big price) - there's no way someone with Pearson's experience could join the company under those circumstances and not know that it's all some kind of sham if it was.