Aero Inventory Share Discussion Threads

[1stclass] 15/11/2009 12:24

SCREW the PUBLIC and YOU GET VERY VERY RICH. - no thanks :o)

THE PUBLIC WILL OWN YOU, well anyone that wants a piece :o)

[hvs] 15/11/2009 12:22

The CITY is raking in CASH for those who have devised this system.

SCREW the SAVERS and YOU GET VERY VERY RICH. Make redress so expensive that
the culprits get off scot free. Do an "AUDIT" and say we "TRUSTED" the Directors

The public donot need to have any savings , its the MASTERS OF THE UNIVERSE who DESERVE ALL and have been GETTING IT ALL.

The TReasury under our "GOD" Brown IS A DISGRACE.

A man with NO BALLS and now his partner Cooper. Its a Cabal IN NEW no "NO" Labour savers and tax payers have been taken for a ride.

There will be lots of jobs in The "CITY" for those who lose their seats at the next election.

Is there any point in SAVING ?

[adyfc] 15/11/2009 10:44

Don't just blame the aim market, ftse companies just as high risk, take the banks with their fancy accounting and refusing to write down assett values they would ALL be bust without government intervention.Barclays moving £12bn of bad loans off their books to a new company as a loan, just to give the impression of good performance. Accounts no longer give a true reflection of a companies performance.

[iomhere] 15/11/2009 09:58

davidosh
Could you give us your name and the broad details of the four successful cases you mounted please?

[restassured] 15/11/2009 08:42

My judgement of action groups was based on companies that went into administration(Energis being one of the highest profile),not shareholder action groups in general.

I do not know of any case where shareholders got their investment back.
Unfortunately the law in the U.K doesn't seem to help.
Either you have to prove gross negligence,which is almost impossible.Or criminal misconduct,again a minefield.

I have lost lots of money in UK listed companies over the years, as a result of blatant director deceit and they have always got away with it.

[davidosh] 14/11/2009 23:21

IOMhere....I have been involved in five action groups and four were successful...that could be increased to six if you count the group of shareholders that joined together for the AGM of LNG earlier this year and ousted the chairman in a very dignified manner and then put in a shareholder representative as a non executive director. I will also be involved in another one within the next two weeks.

As far as AI. is concerned I am merely suggesting that shareholders get together now into an active group whilst the iron is hot and keep the pressure on where necessary to have a proper investigation and to be able to agree on the best way forward once the administrator have reported on their findings.

If it goes cold and the City wants it buried then there will just be negativity and moaning but little else IMO.

This is not just an AIM problem....but we do need to see a tightening up in advisory and brokership and a change to some regulations.

[iomhere] 14/11/2009 19:48

davidosh and Masurenguy

1) Forming an action group when it's not clear against whom or for what purpose action is to be taken doesn't benefit shareholders,

2) Shareholders would be better advised to wait to see what the administrators have to report.

Have either of you been involved in an action group and, if so, what part(s) did you play and what was the outcome?

[masurenguy] 14/11/2009 13:19

Randolph and Mortimer - 12 Nov'09 - 1946: This year I lost £300,000 on York Pharma, a company with promises for the future etc., but zero earnings.

A stake like that, in what was essentially a product development business with no sales, is always a real gamble IMO. But that does not reflect badly on AIM per se.

Randolph and Mortimer - 13 Nov'09 - 1953: Any company on the Edison list should also be sold.

Really - that just eliminates around 250 companies accross a very wide range of sectors. Not a very scientific way to invest IMO

milacs - 13 Nov'09 - 1954: masurenguy. I will never again risk my money in AIM shares.

It's your money so it's your call. There are some rotten apples in every barrel just as there are bad drivers on every road. However I wouldn't quit driving just because I'd been involved in, or had just witnessed, an accident.

TDay - 13 Nov'09 - 1974: I have this morning emailed Marcus Stuttard of AIM, pointing out to him the potentially extremely serious implications for Aero Inventory's directors, auditors and nomad. Furthermore I suggested that AIM's regulations and governance would come in for severe scrutiny.

Good to see a constructive response at last !

davidosh - 14 Nov'09 - 1981: Any ideas if there is such negativity then ? Why did the Energis Action group fail ? I doubt two situations are ever the same and the very least those of you who are shareholders should do is to try and establish what happened and whether you can prevent it happening to yourself and others again. Joining together will help to facilitate that.

Completely agree. Shareholders should not just roll over and die without at least making an effort to see if they can obtain some redress. If the company was liquidated in the future rather than bought out of administration (which is probably the most likely scenario) then it is always possible that some dividend could be paid. There is also the question of what directors knew and when, which is an issue that has implications for all listed companies. Don't give up without at least making some initial investigations and determining how many other investors might be prepared to join an Action Group.

[davidosh] 14/11/2009 08:42

Any ideas if there is such negativity then ?

Why did the Energis Action group fail ?

I doubt two situations are ever the same and the very least those of you who are shareholders should do is to try and establish what happened and whether you can prevent it happening to yourself and others again. Joining together will help to facilitate that.

[restassured] 14/11/2009 06:29

I have yet to hear of any UK action group getting anywhere.The Energis one spent loads of money and got nowhere.
The stark reality seems to be shareholders are just worthless pawns with no rights

[iomhere] 13/11/2009 23:58

Just my own opinion but I doubt if I would join an action group of private investors (max.7%?) - to my mind, too much a Dads' Army when the large holders (one has 16%) could by comparison make mincemeat of a Panzer Corp, and probably would, if there's anything worth salvaging.

[kramch] 13/11/2009 18:38

Thanks TDay.

DD hope meeting goes well, will get there one day!

Yes, would be interested in joining an AI action group; it's starting to look as if we've all been mislead for quite some time. K.

[davidosh] 13/11/2009 16:51

I have just invited Marcus to dinner on Monday evening..



Are any of you coming along ? I think there is an action group starting. I was not a shareholder so will not be directly involved.

[tday] 13/11/2009 15:47

kramch, his email address is.....

[e-mail]

[kramch] 13/11/2009 15:25

TDay, do you have his e-mail, I will do the same.
I have been keen on AIM shares upto now, but suddenly I feel I am wandering about in a minefield. K.

[tday] 13/11/2009 13:43

I have this morning emailed Marcus Stuttard of AIM, pointing out to him the potentially extremely serious implications for Aero Inventory's directors, auditors and nomad.

Furthermore I suggested that AIM's regulations and governance would come in for severe scrutiny.

[davidosh] 13/11/2009 13:39

How exactly are Edison responsible ?

[restassured] 13/11/2009 13:21

A stark reminder to all of us what a minefield investing in shares is.

The stockmarket graveyard is littered with thousands of similar stories.

Investors need to make sure that directors never work again for a listed company.
More than that there should be an easily acccessible register to instantly cross check on any PLC directors past record.


My heart goes out to anyone that lost money on this.

I know only too well what it feels like, thanks to Energis to name just one.


I just received the Annual report fof AER through the post today,as part of the free service offered by ADVFN!

[envirovision] 13/11/2009 12:42

Randolph, whats the Edison list then? Not heard of that.

FWIW some people have a history of it as you point out. Buffets strengh is by mostly sticking to time tested proved business models. Sadly Aero was yet anouther unproved pipe dream business model imvo.

[randolph and mortimer] 13/11/2009 12:38

Non-exec here was also at Ffastfill. Which is bust.

The last chief exec wallowing in his 'passion' was at Vanco and I think that was motorsport. The company announced orders and orders. Soom it went bust according to the script.

In fact, just like evil k, it does pay to look for fraud in the market and be a committed bear. I used to be long only and that did not pay. (Warren Buffett is a one-off, I think).

[evaluate] 13/11/2009 12:27

The non-Execs aren't going to come out of this smelling of roses that's for sure - something that helps roses grow maybe - but Deloitte's were paid $800K a year to make sure we could trust the numbers.

I persoanlly can't see hwo they can walk away from this without paying damages - but like you say we haven't got long to wait.

[hvs] 13/11/2009 12:22

Its Hugyh Bevan who was in charge for many years and seems like never
did his job. He should be made accountable together with his mate Lewin.