If you owned VTG this was inevitable in some shape or form. TLS hate any of their third party providers to produce better returns, financial or non financial, than they do. And when they do, TLS screw and screw and screw until the poor old third party is bleeding from every orifice. And once the third party stands up, dusts themselves down and gets back on with business, TLS come back at them again. It is never ending.
VTG is a case in point and I know of at least 2 other businesses that have been treated similarly over the last few years by TLS.
Don’t assume any generosity from TLS towards VTG as this comes to an end as TLS have never shown any generosity in the past. Don’t be surprised if TLS just say “We’ll run this to the end of the contract and just walk away from you with no obligations on us at all”. TLS will do everything in their power, plus more, to screw the business a few more times, for good measure, before final curtains are drawn.
Maxine won’t win this one. She hasn’t really won any of the past battles with TLS either to be brutally honest.
Shorters will come after VTG in a mad rush. They will see the writing on the wall and trap all of the delusional punters who think Maxine will walk away from this a winner and that the other nonsense businesses that she has spent (wasted) shareholders money on will suddenly become winners......
I was once in VTG and did reasonably well out of them but I got out when she started indicating she had the upper hand over TLS, then promptly got screwed at the negotiating table whilst selling a swag of her shares. Roger Montgomery drank the Kool-Aid that Maxine poured and he got burnt and severely embarrassed himself in the process.
