Cpcmcredit Blog

The directors of Wilko. This is a story thats going to run and run.

At the end of the interrogation by MPs, this was the perfect summary

“We’ve heard about a £60m warehouse modernisation that went wrong, a £40m loss on financial derivatives, a process of restructuring rents that didn’t go through.

“And despite those problems, we can’t, you can’t, explain why dividends went up

I have referred to this story before as I have the saga of Philip Green and on a smaller level, the alleged Ponzi which was Diamond Manufacturers. I do not wish a happy xmas to any go those people but what I do believe is this…

Philip Green is barely sighted now and rightly despised. For such an egomaniac, thats going to hurt. The Wilko board are very uncomfortable under scrutiny and Ponzi schemes attract the attention of the law.

My wish for xmas is to for these people to be hounded and shunned for their remaining days. Cash will not compensate for their lives being made a misery and thats how it should be. You may not be able to convict and they may try to convince themselves that hiding on a yacht brings happiness, but it most certainly does not

On that merry note, a very happy xmas to you all!