Amd Commo Exagr Discussion Threads

[loverat] 08/7/2010 09:07

Some background concerning the end of COMG




Part of the 29/7/2007 RNS

And the sale of the education assetts to Holmes and Allnutt - for 70K prior to the unsuccessful change of strategy.

A few months later the company was suspended.



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.

[loverat] 08/7/2010 09:02

Morning MMS

Yes - well not much going on here. Here is the latest update to shareholders from June 2009. I guess shareholders are patiently waiting for the next update. Interestingly, Holmes and Allnutt were negotiating with various loan note holders to see if any value could be realised.



In stark contrast, investors in London Asia Capital are being spoiled with updates
as you will see from the last dozen or so posts. LAC was run by Simon Littlewood and George Allnutt was a former director.

[madmadscorpioman] 08/7/2010 08:51

Morning loverat great thread, with the goings on at mhg i think it is time to reignite this thread

[loverat] 06/7/2010 06:26

This is an interesting and well researched post on another financial bulletin site regarding another AIM director perhaps to avoid.

[loverat] 05/7/2010 18:32

And if he does write a book then I will be looking forward to its publication.

And perhaps once it is published, folks reading here will finally emerge from the bomb shelters they have built for themselves and come on here and speak up against wrongdoing.

[loverat] 03/7/2010 20:13

Looks like it is squeaky bum time for Littlewood and the other offenders.

[loverat] 03/7/2010 20:11

Some hope for LAC shareholders in the matter of a $5m loan made by Mr Simon Littlewood to - in his words - 'The Croatian Mafia'


Nourican Adriatica

A loan of US$5 million was made to this company. Shareholders will be
aware this was lent to Nourican Adriatic d.o. in Zagreb, Croatia in 2005 with the expectation that it would be returned quickly with a $1million fee.

Recently, this claim has been re-opened with some encouraging developments. (Dec 2009: £Nil)

[loverat] 03/7/2010 20:02

And this is the litigation resulting from events at LAC.

[loverat] 03/7/2010 19:00

So the question on everyones slips is:

Where is the money?

[loverat] 03/7/2010 18:58

'Some US$5 million remains unaccounted for in Croatia. Larger sums could
be recoverable from the share swap companies'.

[loverat] 03/7/2010 18:26

'Finally, it has been suggested that I write a book on my experiences
since I joined LAC

Whilst this may be a useful insight to those that venture into China, I am certain that it will be an useful document for the Regulators in many jurisdictions'


Yeah - I could write a book on this too.

In fact, I have. Let us hope the regulators in this jurisdiction take action.

[loverat] 03/7/2010 18:21

And people are in the process of being brought to book for their conduct.

Whatever happens you can count on all your supporters to ensure that this happens.

[loverat] 03/7/2010 18:16

'People must be brought to book for their conduct'

[loverat] 02/7/2010 18:26

And I have one or two leads concerning posters who ramped MHG.

Not a happy bunny - I have to say.

[littleweed] 02/7/2010 12:36

Ratty, he might ask why an astute investor like yourself lol didn't use a stop loss.

[loverat] 01/7/2010 18:34

I suppose folks should have known.

Diluted to death on MHG by the looks of it.

[loverat] 29/6/2010 05:15

Thanks Tarvold.

Yeah - the guy is a complete headcase. The individual had been circulating e-mail messages from the director of MHG (co-incidentally also a director of this) and one of the other shareholders was apparently told he had never made the comments in one of them - the suggestion being that the e-mail was doctored by the poster. Ever since, the guy has been spamming the boards accusing others of doctoring e-mails or fraudelant activity. I don't mind too much about my e-mail being put out as I can usually weed out the undesirables.

I only received two other e-mails relating to that. One of them from him pretending to be someone else and another whose IP matched up with someone who has previously mailed me.

I actually find it quite amusing. Perhaps this is partly why the management of AIM treat shareholders with such contempt - when they behave like a bunch of squabbling schoolchildren.

[loverat] 28/6/2010 21:40

And once you have listened to that, get back into depression mode with this useless statement from the COMG CEO. Now trying his hand at restoring shareholder value in Merchant House Capital (MHG)

[loverat] 28/6/2010 21:32

Hi Tarvold

Sorry - not sure what you are pointing to.

Anyway - there is something nice on that thread. After yesterday folks can listen and watch and reflect on this truly remarkably Utube clip.

[tarvold] 28/6/2010 07:44

Are you aware of this?