We've just witnessed a load of money going up in smoke.

I am surprised Lyford continued with this for so long. The pressure of keeping up a brave face when it was obvious long ago that Banx was dead must've taken a real toll.

The huge sign that Banx was worthless came when whoever had the option for 1 million shares declined to exercise it. Anyone taking out that kind of option must surely have asked lots of questions about the financials of Lyford's business. When they didn't end up taking the shares it was a big sign that the investment wasn't worth making.

Anyone who has lost money needs to get in touch with Leicestershire Trading Standards.

It is very, very important that the cash flows of this Banx business are looked at by the relevant authorities. It appears that Lyford was misrepresenting the business in order to attract outside money.

If he were in any other country I imagine Mark may get in trouble but this is Britain so he'll probably walk away scot free.

The most punishment for him is the fact that yet again he has lost his friends and family money.