Thursday 23 June 2011

MFI Deja Vu








Homeform the company that runs Moben, Dolphin and Sharps are appointing an administrator
They have closed their stores and sent the staff home, and customers deliveries have stopped.
The CEO is Chris Pavlosky and the Managing Director is Richard Lee.
Chris was the COO at MFI and Richard was the Sales Director.
When MFI went bust, both of these were involved in touting the MFI stock around with a view to striking a deal in which the stock was sold by the administrator for next to nothing and then both being personally involved in the buying company with of course a stake in the profits.

It is a pity that any business goes down the pan and of course we must all feel sorry for the people that lose their jobs and for the customers that lose their deposits, or don't get their rooms completed. However it must be asked why these guys were given the chance to run another business

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