Re: The MAXCO cash injection.
Rab C NesbittTarquinIt certainly looks like he is tbf. And that’s been the case pretty much all the way through the debacleI find it hard to believe a bloke worth in excess of 50 million quid self made is stupid. I'm not saying his group would not have been a disaster, and that they did not conduct themselves pretty amateurishly, but the bloke ain't "stupid".
Having gone through the process ( albeit nowhere near as complex as I suspect this one was) you are led by many people. You probably have corporate finance advisors, corporate solicitors, corporate tax advisors all on a cut of it going through. A lot of the time i found the phrase ‘it’s your call’ being uttered by all of these entities after outlining the pros and cons of heading in any direction…. If not dispassionate I can see it could be easy how your heart rules your head and not take a conservative path…….. I know it’s sounds like I’m defending him….. I’m not…… it appears he’s clearly made a bad call….. it shows poor judgment would probably have carried on going forward….. just trying to show how potentially these things can spiral