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Jim Mellon buys the assets of t1ps for a song and worries about negative publicity. We wonder why?

Tom Winnifrith Saturday 21 December 2013

 

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By guest writers Han Solo & Luke Skywalker

We rather sensed that this was coming…the disturbance in the Force was clear. While Rivington Street fails to inform its shareholders officially of the progress of the pre-Christmas sale of its assets at knockdown prices, others are being told.

CEO Mark Roberston announced that he had bought the flagship BlueCurve operation ( for a song) on LinkedIn having neglected to tell the administrator – as he had as a director been charged with doing – of a potential trade buyer known to him which could just have realised a far greater sum for Rivington.

The market research operation Viewpoint (profitable according to the Rivington website) has been sold for less than £20,000 to a competitor and we understand that PR firm Bishopsgate (profitable according to the Rivington website) has been sold to its management for the sum of a box of mince pies. No we made that up. It is less. Try £1. Merry Christmases all round.

Yesterday t1ps finally admitted 

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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Tom Winnifrith Bearcast: Boohoo.com, Baillie Gifford, slave labour & Leicester

I start with a few words on the end of lockdown for those of us living within 5 miles of England. Then I look at the growing scandal involving Boohoo.com (BOO), and its suppliers using slave labour in, Leicester, spreading disease and treating workers like, well, slaves. It is a scandal. But who will Baillie Gifford which wanks for Britain on virtue signalling ethical investing (see HERE) react as it is a major Boohoo backer? Now Matt Earl’s words about bumper margins at Boohoo, in my second video show HERE,  seem even more prescient.  PS remember to book your seats for MineProphets on July 18 HERE.

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