Amd Commo Exagr Discussion Threads

[loverat] 29/11/2009 12:07

"Meridian Trust are the trustees I have been working in Cyprus and they operate successfully a number of companies on behalf of Nourican Trading.
The people of Meridian Trust have the main qualities I and any business person would look for: Honest, responsive and trustworthy."

Gary Ohlbaum
CEO of Nourican Trading Limited

[loverat] 29/11/2009 11:35

Dear oh dear.

What a mess. Still, I am sure this is another web that will be untangled in due course.

Have to say, at this stage I am not convinced the $6 M of sharholders funds is held by the 'Croatian Mafia'

[loverat] 29/11/2009 11:23

And this - London Asia Corporate Finance under SL removed as corporate advisor.


14 May 2009

China MobileNet Limited

("China MobileNet" or "the Company")

Removal of corporate advisor

The Company announces that it has removed London Asia Corporate Finance Ltd as its Corporate Advisor for its listing on PLUS Markets. The Company will make an announcement concerning the appointment of a replacement advisor and its listing on PLUS in the near future.


For further information please contact:

Mr Jiang
China Mobilenet
Tel: [phone]

[loverat] 29/11/2009 11:20

As for China Mobilenet - well, a familiar story.....


Withdrawal from PLUS

The following Company will be withdrawn from PLUS with effect from
close of business today, 02/11/2009:

China Mobilenet Limited

Ordinary Shares of 1p
Symbol: CMNO
Isin: JE00B1DJXK16

[loverat] 29/11/2009 11:17

Correction - seems he was a director of both:

This from LAC newsletter....

Nourican Adriatic d.o.o

Industrogradnja d.d



Mr Gary Ohlbaum

Current Directorships
Nourican Trading Ltd



Previous Directship


Industrogradnja d.d., Zagreb, Croatia

[loverat] 29/11/2009 11:11

20 March 2008

China MobileNet Limited

("China MobileNet" or "the Company")

Appointment of New Director

The Board of China MobileNet is pleased to announce the appointment of Mr Gary
Ohlbaum as a Non-executive Director of the Company with immediate effect.

Mr Ohlbaum has over 30 years experience building businesses in a variety of
industries, in the US, Central and Eastern Europe, and Russia. He has extensive
management and investment experience in franchising and telecommunications in
emerging markets. Mr Ohlbaum is based in Croatia, though travels frequently
across Europe, North America, the Middle East and Asia.

Mr Jiang Guoping, Chairman of China MobileNet, said, "I welcome Gary to the
Board. His experience of growing businesses organically, through acquisition,
franchising and raising funds from international investors, will be invaluable
as we look to the next stage of development of our business."

In addition to the directorship of the Company, Gary holds or has held the
following directorships within the five years prior to the date of this
announcement:

Current Directorships Previous Directorship

Nourican Trading Ltd Industrogradnja d.d., Zagreb, Croatia

The Directors of China MobileNet Limited accept responsibility for this
announcement.

For further information please contact:

John West/Andrew Dunn Carol Chen
Tavistock Communications London Asia Corporate Finance
Tel: [phone] Tel: [phone]




Someone kindly posted a link to the above on the LDC thread a while back. So Mr Gary Ohlbaum was a director of Industrogradnja, one of the companies which was mentioned as being above involved in the loan. He is or was based in Croatia and became a Non Exec of China Mobilenet in March 2008.

[loverat] 29/11/2009 09:49

6.3 Loan of $5 Million Written Off

Our investigations have uncovered that on 7th September 2005, LAC plc sent $5 million to Nourican Adriatic d.o.o., in Zagreb, Croatia. The transfer document was signed by Mr Simon Littlewood. A signed contract confirms that the loan was to have been secured by a pledge over 25,000 shares in Industrogradnja d.d., but no signed guarantee or pledge has been traced.

The purpose of the loan was to help Nourican Adriatic d.o.o. provide evidence to the Croatian Stock Exchange (Zagrebaka Burza) that cash needed for a bid to be made by two Croatian companies for Industrogradnja was available. LAC was to receive a fee of US$ 1 million for this loan.

The bid for Industrogradnja was launched on 11th November 2005 at a share price of 650 Kuna at a discount to its market price of 810 Kuna. As a result, only 2,640 shares were tendered for at a total cost of $273,244. It appears that the $5 million loan provided by LAC was not used for the bid and should have been returned to LAC in January 2006, together with the $1 million fee.

[loverat] 28/11/2009 07:42

And by the way - I hear a photofit has been issued of a man posing as a shareholder and who attempted to rig the vote at the LDC GM in London last week.

Does anyone here recognise this man?



He was last seen around 30 minutes after the meeting running down the Strand in an Easterly direction towards Fleet St.

[loverat] 28/11/2009 03:54

'A 5 year proven track record of quality - with a "MENA full needs based" focused agenda. We have researched and surveyed over 11,000 professionals. No other event drills down into the region's pressing issues'


Researched and surveyed over 11,000 professionals?

Yeah right.

[loverat] 28/11/2009 03:49

Yes - and here is the 'World Class Speaker' line up. I dare not check who constructed and registered this web site.

[loverat] 28/11/2009 03:47

On Tuesday 24th November 2009, Simon Littlewood will attend as a speaker the Private Equity World MENA conference in Dubai. Click on the banner to read more information about this event.

Quite ironic really - Simon Littlewood lands in Dubai. And the whole place comes crashing down around his ears.

Perfect timing as usual. Invite Simon Littlewood as a guest speaker at your event - and all hell breaks loose. Good job he didn't turn up at the GM.

[loverat] 28/11/2009 03:30

Just taken a look around this website kindly posted by someone on the LDC thread.



Familiar names, familiar companies and interestingly while his past activities were being given a public airing at the London GM - Simon was a guest speaker at some conferance in Dubai.




Just goes to show - some of these guys have absolutely no shame.

[loverat] 26/11/2009 20:00

lowry

Not got the faintest idea mate.

[loverat] 26/11/2009 19:42

And the best advice I can give of all. Respect and obey the law but when confronted with a problem look at other solutions to resolve them. Problems can sometimes be solved by combining several strategies. The law is there but look at the bigger picture and solutions which are more unconventional and imaginative.

Look to outsmart your opponent through different ways. And once you have worn down your opponent you can always use the law to hammer home your advantage.

[ls lowry] 26/11/2009 19:09

You seem clued up on legal matters Loverat. Tell me when did the Supreme court come in to play. I thought it was the High Court then the court of appeal anand then the Lords. Have I missed something.

[loverat] 26/11/2009 19:06

The same goes for people in all walks of life. If you see injustice - do not shy away. Confront the offenders and your efforts will not go in vain.

Walk away and they will divide, bully and conquer.

[loverat] 26/11/2009 19:01

And the support is now gathering pace for the new management in LDC. I said over there that I am very impressed with the work done by Keith Negal in uncovering the LDC scandal.

Early days yet - but an example of how determined people can achieve a great deal. I don't know Negal and have never spoken to the man. But from afar he seems to be a man who aspires to justice and honesty. For that he deserves the support and respect of LDC shareholders.





topvest - 25 Nov'09 - 21:47 - 9073 of 9073

Great - we have the accounts. Disclaimer of audit opinion as expected. This will lead to qualifications in future years, but I am now 100% convinced that existing management are doing the right thing for us. They have delivered on their promise and I think we should now get behind them and support them.

[loverat] 25/11/2009 22:42

The Investors Support Fund - STRUCK OFF AND DISSOLVED•



Commodity Growth PLC (COMG) Status: Active - Proposal to -

STRIKE OFF•. Next Accounts Due: 31/07/2008 OVERDUE•

[man overbored] 25/11/2009 21:24

Meanwhile, irl, the ISF is struck off for failure to file documents with the RoC.

Can anyone remind me whether such a failure falls foul of civil or criminal law (as I have a tendency to forget such trivia)?

[loverat] 25/11/2009 21:19

And while we are waiting we will all admire the splendid website and particularly the young ladies featured......

Despite the fact the message more or less advised investors they were shafted.