Aero Inventory Share Discussion Threads

[hvs] 24/2/2010 12:20

Let us hope there is no whitewash :

A senior source said the SFO has received a number of allegations regarding the company and believes there is sufficient information to examine whether or not there has been any wrongdoing.

Read more:

[evaluate] 24/2/2010 12:12

Hooray!

Anything else would be a total travesty in my eyes.

I hope they throw the book at management & deloittes.

[porsche boxster] 24/2/2010 11:59

SFO set to probe Aero Inventory

[davidosh] 17/2/2010 18:20

There is no gain walking away and forgetting about it. After all you will be reminded every time you get on a plane and certainly if you see something rise from the ashes. Worse still (but a slight benefit) you will have a tax loss to come. My view is every time we let directors and management do something against investors without recourse then we set ourselves up for the next one. We need to highlight, name and shame, then see official censure or fines (even prison sentences) and eventually the number of thumpings we get will reduce to a trickle.

[yf23_1] 17/2/2010 17:38

Have to agree with you Dibbs
but at the end of the day I want to see this investigated by someone involved with corporate governance and its penalties - FSA, SFO.

There are surely actions made in this company by the mgmt that warrant personal retribution.

[dibbs] 16/2/2010 23:50

I guess that this probably sounds really lame but despite having lost a large amount of money on AI.,lost being the wrong word because it appears that we were actually robbed of our money. I find myself lacking conviction to put energy into trying to fight this. Previous cases with other companies show that it is energy wasted trying to rescue any returns for us shareholders. Principle says I should fight, but to fight what I think is an winnable cause just crates stress and moving on feels to be the best solution.

Of course If these guys are never bought to task then others will run companies in the same way and rob more shareholders. Problem is how do we ever hope to change this when we have so few cards in our hand. We are left sending speculative emails that are mostly unread, deleted or at best replied to inorder to fob us off.

I can see why people might talk of deriving pleasure from seeing the sports cars burn!

Dibbs

Sorry, a bit of a pointless post, not one that is dissing those who are emailing various parties. A post out of frustration!

[tea boy] 16/2/2010 22:31

Thanks for names JR. Just mailed them myself.

[jr hartley] 16/2/2010 12:17

I've been asking questions of the administrators as have no doubt many of you but if not I suggest we all do the same.They have a duty to investigate misleading financial reporting and misleading rns statements. We should all clearly remind them of their obligations......... My 2 points are below and are addressed to David Pike who is the only person at KPMG who has replied to me so far:

Please address your concerns to the following people:
[e-mail]
[e-mail]
[e-mail]
[e-mail]
[e-mail]




David,

Thanks for your reply.

Please keep me informed on your findings and intentions after investigating the following 2 points:

1) The balance sheet stock valuation figures which it seems were inflated (despite being audited) and hence presented a seriously misleading picture to investors who invested in good faith based on the accuracy of these figures and the resulting net current asset value strength v actual share price. If we can't rely on the accuracy of published audited accounts as a basis for making reasoned investment decisions, then we are essentially gambling not investing.

2) The announcement from AI. shortly prior to suspension which stated that the publication of the latest financial results would be delayed as the company were working on a move from the AIM to the main FTSE list. This statement warrants investigation to determine if problems were apparant at this stage and if this announcement was no more than a seriously misleading smokescreen. I and no doubt many others left their money invested as a result of this statement.

I look forward to your response and subsequent updates on your findings after investigation of the above 2 points.

Regards,
Martin

[evaluate] 15/2/2010 09:05

I'd be very happy to join in with that.

Anybody have any details?

[davidosh] 14/2/2010 15:15

I think a solicitor somewhere I read had already promoted the idea of shareholders joining together in action

[pb10] 14/2/2010 14:54

Has anyone got details of a class action, against the md & fd ?

[hvs] 14/2/2010 10:42

Cause of the old boys network . They look after each other.

Prisons are only meant for the poor.

[mikeja] 14/2/2010 08:29

I was lucky to get out of this some months b4,the Canadian deal looked just too suspicious.Totally agree this bunch of crooks need to be sent to prison for a long time.If you steal £200 you end up doing time,how come that mega fraudsters get away with it?

[dibbs] 13/2/2010 19:00

I'll second that. It's way too easy for these guys to shaft shareholders and come away from it with control of the company and minimal loss to their own personal finances.

Dibbs

[sleveen] 13/2/2010 10:34

I'd like to see all 3

[mdj8] 12/2/2010 13:41

James Bartholomew at the telegraph would probably like to know about this. He lost 5% of his portfolio with Aero's misleading press releases.

[davidosh] 11/2/2010 16:54

madmanic.....Where have you seen that story ?

[madmanic] 11/2/2010 16:45

Rupert and his new investors have just made a bid for £150m which is exactly what that article says will be recovered.

If they win, the name of the new company will be Aero Cat-3.

Sink the company and then pay a fraction of the cost for the value of the stock and you have no debt.

[bottompicker] 05/2/2010 10:00

this looks disgraceful. Im absolutely shocked

[dibbs] 02/2/2010 00:20

Certainly time is not making this situation sound any better:-(

Just watching Hannibal on TV....can't help but think about getting him together with the AI board.

Dibbs

[mdj8] 01/2/2010 14:14

I also wonder where the US$100-million ACTS bill of exchange has ended up as it doesn't seem to me included in the figures.

[porsche boxster] 29/1/2010 15:36

Do send him my best 'regards'

[evaluate] 29/1/2010 15:35

I actually don't live that far away & am going out in the area this evening.

I might tap on his door & ask him WTF he thinks he is playing at.