WPP shoot themselves in the foot?…

How cynical we online investors can be! Perhaps the pains and frustrations we’ve endured over the years really have made us cautious when we are told that good news has arrived. Certainly today’s announcement by World Pension Plan (WPP) that the Yardas finance group have found a financial angel to help them bring the programme to a close has raised some suspicions.

So, it probably won’t come as any surprise when I say that lots of people have headed off to do some due diligence on this ‘knight in shining armour’. Unfortunately their armour soon becomes highly tarnished. It seems that the Hapton-Gratsos website was only registered a few days ago and it resides on the same server as Yardas…doesn’t take Sherlock Holmes to work out what seems to be obvious.

One view is that WPP are just trying to generate additional income only to say at a future date that problems have arisen and things haven’t worked out…now when have we heard that sort of thing before?

Perhaps I’m just a cynic as well but you must admit it all seems somewhat too convenient. What really frustrates me is the number of people who complain about the poor or non-existent communication and yet we still get treated as though we would swallow anything that gets thrown at us.

I really don’t think that we will see any great upsurge in sales as a result of this news and it certainly wouldn’t encourage me to make any more purchases for myself.

Could we all be wrong? Of course it’s really impossible to tell until some proof is provided. Once again the jury is out!

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