How many of the total number of employees (1500 or so) were VN?
8 replies (most recent on top)
I would have thought they will get a couple of hundred million for VN. Use that to pay down/clear the outstanding debt, £250m or so.
You're left with a debt free BT with steady, predictable and profitable cashflows for the next decade plus. Plus IP. Steadily cut costs to impact day to day operations as little as possible to increase profits.
Keep MCS on life support as the growth moonshot and to provide content to churn out pressure releases!
Try and sell that, or hold and pocket the profits.
@ed I would be interested to hear how the equity offered to employees worked, and what has come of it now given all the corporate mentoring maneuverings since it was issued.
@es They're OK for cash. The cash position is a lot healthier than 2022 when BP left the company with only £6m of (borrowed) cash in the bank! Having allowed PS to declare the FY22 bonus! PS asleep at the wheel too
To me, it feels like Synamedia is getting desperate for cash. Don't you think?
and the meaningless pseudo equity points have been shown to be worthless as suspected, you'd have had more luck with a meme coin or a lottery ticket. More and more this company seems to consist of the incompetent id--ts that haven't left or been pushed. Customers think we are a bad joke, competitors don't even see us as competition. How long till this thing implodes??
Almost oracle like eh?
I wish what remains of Synamedia good luck, but i cant say i'm mad to be out of there.
Also, letting 1/3 of your workforce know that they have been sold via an ... email ... really ??