Amd Commo Exagr Discussion Threads

[loverat] 07/10/2009 19:40

Well, I guess we're all getting older.......

[loverat] 07/10/2009 13:35

Yes - Anomalous mentioned something about Cougar6 being a major holder of PLUS. I see LDC did also.

PLUS MARKETS GROUP PLC ("THE COMPANY")

HOLDING IN COMPANY

The Company received notification on 1 November 2004 that London Asia Capital
plc has acquired a 5.9% stake in the Company. This represents 5,000,000
shares. The Company's issued share capital is 84,532,701 ordinary shares.

[loverat] 07/10/2009 05:59

Anomalous - 16 Feb'07 - 13:20 - 52771 of 59023

Edwin Coe offered free legal advice with no guarantee that they would be paid, because they are shareholder champions. They seek to
advise individual PIs how can get their money back when they've been robbed. In fact, they were only paid the £20k by Langbar,
because they were providing completely independent advice on the rights of the shareholders regarding the Scheme. They worked very
hard (with myself) to make the Scheme fair. The fact that the Scheme is not fair is down to David Buchler and his lawyers - Lovells. They
wrote the Scheme on his instructions. Two versions were unacceptable - one of which was withdrawn by the company because they
knew it would have been thrown out of court. What does that say about the fairness of the Scheme? It was not fair and is still not fair.
Edwin Coe are the instructed solicitors behind the Representative Action. We don't conceal that. It is obvious from the full writ against
Langbar, Rybak and Regli (only the front page is above) - unless you are selectively blind like Pinhead and the other misleading
'malcontents' on this BB. Unlike Jones Day, Edwin Coe are operating on a (Law Society) approved Conditional Fee Agreement.



EC are shareholder champions?

Hear that folks? I wonder whether they would be interested in events here.

[loverat] 07/10/2009 05:52

"Cases like Langbar advertise that the AIM is open for business and willing for every two-bit conman to list is tin-pot company on the AIM
and then defraud as many gullible shareholders as they can"



Too true - the AIM is littered with far too many tin pot companies listed by two bit conmmen.

[loverat] 06/10/2009 21:41

Well, it seems only three names are going forward for now but a good result nevertheless.

Keep the information coming in anyway.

[loverat] 06/10/2009 06:17

Anomalous - 5 Dec'05 - 00:39 - 35116 of 35122

For your information, the guy I suggested for the Action Group's director is not me. He's director of several AIM listed companies, he's independently wealthy, he attends board meetings already (so he doesn't need expenses!), he's a serial entreprenuer with many businesses under his control and has converted many an empty shell company into a thriving business.

He's one of the major shareholders of Plus Markets Group (OFEX)




One of the major shareholders in PLUS?

Is that the same market which removed the companies mentioned a few posts back for non payment of the annual fee?

[loverat] 06/10/2009 05:45

Mind you - if you think the above was a good deal take a look at this one for the same business. Three years later sold to Cougar and Holmes for 70K.




June 2007 RNS COMG/EPE


In order to finance the new strategy we intend to dispose of the existing
education portfolio. The E2000 management team, along with myself and fellow
EPE director George Allnutt, has made an offer of #70,000 to acquire the entire
UK business consisting of E2000 and Management International ("MI"). Payment
will be made via the cancellation of EPE's 10% Convertible Loan Notes. The
acquisition price represents approximately three times the combined E2000 and MI
profits for 2006. Additional consideration may become payable based on any
increase in profit in 2007 over 2006. The independent directors, Simon
Littlewood and Victor Ng, have determined that the sales price and acquisition
terms are reasonable. In view of the interests of George Allnutt and myself, the
proposed disposal constitutes a substantial property transaction under section
320 of the Companies Act 1985, and, accordingly, is conditional on the approval
of shareholders at the AGM.



And what happened to the 'new strategy' - you know the one that was supposed to be in the best interests of shareholders?

[loverat] 06/10/2009 05:37

You remember - the one where an extra 200K was also found in the bank account as revealed by Anomalous.....


Anomalous - 2 Aug'04 - 18:41 - 252 of 294


>User75160
I don't know if you managed to get some EPE today, but they rose a healthy 6%.
Not only that, but I heard something very interesting. They found that the school they purchased had £200k more in their bank account than they had originally listed in the accounts.

Talk about a good deal....£200,000 for nothing!

[loverat] 06/10/2009 05:33

Anomalous - 5 Dec'05 - 00:39 - 35116 of 35122

For your information, the guy I suggested for the Action Group's director is not me. He's director of several AIM listed companies, he's independently wealthy, he attends board meetings already (so he doesn't need expenses!), he's a serial entreprenuer with many businesses under his control and has converted many an empty shell company into a thriving business.

He's one of the major shareholders of Plus Markets Group (OFEX) and
he is willing to try and get the shareholders money back.
If that wasn't enough, he's even backed Action Groups and I trust this gentleman implicitly .



Anomalous - 5 Dec'05 - 02:11 - 35134 of 59023

It wouldn't be politic for me to mention his name on the BB. ADVFN does have rules about this after all. Suffice to say that he posts on ADVFN (infrequently ) under the Logon ID Cougar6.

He likes to be known as a West Country Entreprenuer and lives next door to Pete Townsend. He's incredibly smart and a very astute business man. He once negotiated a deal and when the sellers counter-offered with a higher price, he dropped his price and WON! He is a bona fide genius and if the worst happened (which is starting to look less likely now), then none of the shareholders would come out of it with nothing.


The above are the posts where we learned Cougar6 was put forward as the 'LGB Action Group director'

I wonder which of Cougar's deals the last post is referring to?

[loverat] 05/10/2009 20:04

And good riddance I say.

[loverat] 05/10/2009 20:03

Yes - as I mentioned some time back, the Investors Support Fund looks as if it is going down the pan with the rest.

[loverat] 05/10/2009 19:58

Yes - I suppose people could argue that a bit of ramping/deramping here never did anyone any harm. But on the other hand, this is really quite serious.

After all - you are a director in these companies and posting on the threads of the companies which have failed under your directorship - and a director in the Investors Support Fund and so on. You are in a position of responsibility.

How do you think your shareholders feel?

I think they will be very disappointed in you.

[loverat] 05/10/2009 19:31

'West country entrepreneur George Allnutt claims the short selling activities of Evolution Beeson Gregory prevented him from launching a reverse takeover of the company, currently a debt ridden cash shell'


Cougar6 - you had disappointments before - take AND for example. Mind you, instead of threatening writs against the Driscoll Brothers (yes folks these guys are for real) you de-ramped the shares for years afterwards.

As far as I can see your conduct on ADVFN falls far below the standard as expected by a regular user of ADVFN or any other site for that matter.

[loverat] 05/10/2009 19:25

"I am planning to file a writ. These actions prevented us from tabling our proposals. I have access to three companies which could have been reversed into Room Service," he said.

Hey cougar6 - whatever happened to your writ then? I guess it must have been overshadowed by Nigel's writ against the London Stock Exchange. Not reported in the press as far as I can see.

What did the judge say?

Did he say your writ was a load of old codswallop?

Or was it an empty threat?

[loverat] 04/10/2009 11:49

Worth reposting this very good post from egoi..

egoi - 20 Feb'09 - 10:56 - 216 of 216

This is quite simply astounding in my opinion. I'll put it on the LDC thread too.

Dalian Business Institute (Plus:DBIO) shares were suspended due to late results on the 2nd of February and the next day the company said it intended to delist.

Since then Plus has received an objection to the delisting and the company has aborted its plan, however they say:
'.......The Company's shares will
remain suspended from trading on PLUS, and we do not anticipate a lifting of
the suspension in the near future as the Company does not currently have the
resources to be able to meet all the costs involved in maintaining the listing.........'



AND YET this company's interims to January 2008 (the most recently available numbers) showed revenues of 1.4 million and a profit of 553k. Net assets stood at over 13 million and cash and equivalents increased from 111k to 665k, while the then current liabilities amounted to a relatively tiny imho 114k.



How then this company cannot afford the Plus fee defies my own clearly inadequate powers of deduction. Answers on a postcard, bulletin board, blotting paper, well anywhere really, please...............

..............Then again at the bottom of this morning's RNS you might find a more apt place to try and seek the actual answer imho

'...............For further information, please contact:

Simon Littlewood Diana Chen

London Asia Corporate Finance London Asia Corporate Finance................'

[loverat] 04/10/2009 11:04

And where are all the pump and dump merchants who used to post here?

Fancy trying to defend the indefensible?

No - thought not.

[loverat] 04/10/2009 10:50

And of course there was that article from Share Crazy not long back......



London Asia Capital Private Equity Fund - The Plot Thickens

Back in June I warned investors about the pompous-sounding London Asia Capital Private Equity Fund (AIM LCP). The published NAV was then 136p and the share price 75p. The share price is now 35p and the latest reported NAV is 143p.

The market's refusal to believe in the stated NAV is understandable. The new auditors (the old ones resigned ) explain that the groups 14 illiquid assets are valued using "a variety of methods and makes assumptions based on the market conditions at the end of each balance sheet date" or to translate the valuations are what the directors tell us they are.

Of the groups four investments listed on PLUS at the balance sheet date one, China New Energy (the groups largest single investment) has since been suspended, and two of the others China Biofuels and Dalian have not submitted audited accounts to Plus as required under the rules.

What is perhaps most strange is that the group has booked through the P&L account around £7 million in performance fees due to its "investment consultant" London Asia Capital in the last two years of which the cash flow statement shows £3.1 million to have been paid already.

London Asia Capital is suspended on Aim due to the non appearance of its accounts and its new CEO seems unclear as to where this money has gone. London Asia Capital has no executive directors and on my last look was being run from a language school in Falmouth Cornwall. Trying to find who exactly at the company is providing £7 million of advice to its client in two years is proving somewhat problematic.

To recap: the company's performance and the record keeping of the companies in which it has invested is highly questionable and the whereabouts of the fees it has paid out to its investment consultant are unknown by that consultant's own CEO.

If this isn't one for AIM's regulators, I don't know what is.'

Posted by Lucian Miers on Oct 7, 03:49 PM in Comment