Elektron Technology Share Discussion Threads

[code12 breaker] 08/4/2017 09:29

Tilly 99 ,SAYS ,Simons court case a Shambles .

BlackSS ,SAYS. "Well i am publicly saying he should pack it in now while he still has 2 pennies to rub together. I have tried on several occasions to get to the bottom of ST's action or his grievance. Whenever I get anywhere he says "I'm not going into detail" the fact is there is no detail. there is no fraud.

Tilly 99 ,SAYS :"Simon will say"I know my law".

SO HERE WE GO ,THIS IS WHAT POSTERS THINK OF SIMON TEMPLARS ACTION QC.
HOW LONG BEFORE THIS LOT REACHES THE TV?!
THE MUPPET SHOW WOULD HAVE A FIELD DAY WITH THIS LOT.

SIMON HERE IS AN IDEA ,GET YOURSELF A CHAT SHOW,SHOW SHOW ,SHOW SHOW,SHOW SHOW ,SPEAK TO THE BBC ,ITV ,.

[tilly99] 07/4/2017 21:40

I agree Simon has no chanceHe would be better off writing an email to d and a win the facts..just make them aware of the destruction of value caused by DaleySimon will say"I know my law and that the dynamic duo will be forced out and some for fraud "..but we all k JW he has no chance at allEkt is a shambles Simons court case is a shamblesOur only hope is d and a doesn't let Daley get away with it any more as that one bloke has done more damage to an Aim company than any other chair or CEO on aim

[blackss] 07/4/2017 21:04

A final word on this subject and company from me. Little point in shutting my thread and just taking over this one
Pat says "Daley has to behave"
Someone needs to tell him then pat because the bonus was paid after D&A put a man on the board.
Fact is Daley doesn’t have to do anything, he is doing what he wants and is raking it in regardless.
You blamed me for ST going ahead with his court action. Well i am publicly saying he should pack it in now while he still has 2 pennies to rub together. I have tried on several occasions to get to the bottom of ST's action or his grievance. Whenever I get anywhere he says "I'm not going into detail" the fact is there is no detail. there is no fraud. all there is here is another badly run AIM company. One of hundreds.

Aim Companies are usually only listed to raise money. Their management are usually just chancers finding out the hard way that running a company is far more difficult than they ever thought. Rather like trying to run a piano shop... Most like Daley play the part but even he knows he is no good, that's why he made sure he was unassailable from the start. He knew he would be out on his ear in months if he tried to stay here on merit. Unfortunately, what he is doing is not illegal, its not fraud or deception. Let’s face it if he was half clever enough to run some sort of scam here to buy this company on the cheap or defraud people, he would be more than clever enough to run this mess as a successful business and he doesnt seem able to do either.
The rumour mill is saying that checkit has £40k worth of useless hand held units that will not take the new software? Of course, the real problem if this is true is it means everyone already signed up also has useless handhelds or at best out of date handhelds and the whole checkit thing hasn't even got off the ground yet.
Elektron is what it is. It muddles along, it almost keeps its head above water. that’s all there is too it. It might not have reached expectations, it might even be failing but its failing not because of Daley but because of the major shareholder’s inaction or indifference to its plight. The board runs Elektron and the major shareholders have men on the board. No one is forced to stick it out here, anyone can sell, sensible people would have done so years ago, quite frankly there are worse companies on the AIM even now.

That’s me said and done
Good luck 😊

[simon templar qc] 07/4/2017 20:58

Tilly the figure of £30 million is too conservative the broker had price target of over 70 pence on this stock and they indicated that was a discount.

This company has been ruined by both greed and deception.

[tilly99] 07/4/2017 19:51

When I first invested here it was cos of BulginSince then Daley has wasted 30m gbp on redundancies hartest checkit Versarien total carbide and the China moveThere are far too many people now watching his every move as he has cost too many people a lot of moneyDon't forget d and a have someone on the bodDaley has to behave

[tilly99] 07/4/2017 19:41

9837Daley would find it hard to do this as D and a would buy Bulgin and would outbid daleyAlso what with Templars courts proceedings daley would be a fool to contemplate such a thingHe is being watched..every single move he makes I am in contact with d and a if anyone wants to email him the truths here I will kindly forward it onHe doesn't suffer fools gladly and hates the Jsop scheme ..he was tough with Daley and Daley knows he has to behave himself now

[98376995] 07/4/2017 18:56

Simon - The EBT was never about bolstering the share price or providing an incentive for management to run the company well. It's sole purpose was to dilute holders who might oppose the Chairman's rule and vote him out. By creating the new shares which had voting rights but who's votes were controlled by the Chairman, he put himself in a much stronger position. Buy back of shares from the market with company funds further strengthened this position. That is why he is still in post busy destroying shareholder value. The long term game plan is to run the business into the ground with the use of a cash hungry red herring (such as CheckIt) which consumes vast quantities of cash and delivers nothing but which has little negative effect on the real cash generating section of the business, Bulgin. The idea being that when it goes into administration it will be bought at a fraction of the true value and those behind this scheme will have a nice business generating profits of a few million pounds a year. This is the reason the offer of 10p from Microgen was rejected. This is the reason the company is disposing of its businesses one by one. A large group of companies would be far more attractive and appear on the radar of other parties if it went into administration and also probably be out of the financial reach of the Chairman. By reducing the size of the business so that it is just Bulgin (CheckIt will be deemed a failure and closed by then) the Chairman stands a fairly good chance (especially as he is already a major shareholder of the business in administration) of acquiring it cheaply.

[simon templar qc] 07/4/2017 18:55

Well the directors have to comply with their service contract and although they do not have that commandment they do have a duty not to do anything which will bring the company name into disrepute!

John Wilson seems to think he can use the F word when he thinks fit.

Well he is unfit to be a director of Elektron and sooner or later he will be removed from this company.

[tilly99] 07/4/2017 18:54

Interestingly Neill Ricketts who Daley ousted managed to raise 1m gbp at a small discount to its share price in 24 hours over the weekend as private investors love him as do the institutions Daley has no support at all except from Kinder who is saving his jobI won't be invited for champagne after the Agm this year as that was only for friends of the BOD in the pastI v much doubt anyone will turn up again at our AGM..what a sad state of affairsOur directors refuse to promote ekt..Ricketts promotes Versarien and was at the investor show recently..he also respects all his shareholders Looks like Daley backed the wrong man..our man lost Ekt 6m gbp moving out of China ..Ricketts is a success story Still no contract wins for CheckitIf we see no improvement in Checkits prospects I will be calling a meeting with a major shareholder

[yoyoy] 07/4/2017 18:51

Thou shalt not swear

[simon templar qc] 07/4/2017 18:48

By the way of other concerns to me with regards to the fitness of our directors are the offensive language by our CEO at numerous times all of which are a breach of his service contract.

[simon templar qc] 07/4/2017 18:45

Black,

I am not going into detail I am entirely satisfied with the evidence I have built up and of course more evidence will be provided in due course of their being fraudulent conduct by our Chairman and CEO.

As I said earlier I have more evidence of wrongdoing by our Chairman its the first time today IO have mentioned a breach of factory regulations while the Chairman was in situ.

What I can tell you is he was "shaken" when the breach of regulations came to light.

I know everything about this company including John Wilson's drunken state at Christmas parties!

[simon templar qc] 07/4/2017 18:39

You are correct "he wanted control".

The boards action indefensibly fraudulent.

[blackss] 07/4/2017 18:37

"What the company did in fact is give permission for the EBT to buy shares, and utilise company in the process and they did that knowing the company had profit warnings, that was fraudulent conduct"

why is that Fraud.It may be bad practice but i don't see why that is fraud ?
Fraud would by its nature have to involve some sort of deception but as the company gave notice of what it intended to do and the board and remuneration committee approved it its hardly deception ? ,In fact as Pat has just said he and Henderson were party to this, were they deceived in some way ?

[tilly99] 07/4/2017 18:28

I thought they actually bought back shares at 20p as I sold them along with Henderson!!They had huge debt at the time but Daley wanted "control"All he has ever wanted is "control" That's way he gets his 300k annuity plus bonuses plus free shares plus LTIP shares

[simon templar qc] 07/4/2017 18:18

The FCA are having a further investigation into Lloyds which is evidence of previous failures in relation to complaints of fraud.



I have however no faith in the FCA but it does seem any policy on fraudulent conduct is improving.

My case ever more complex and as a consequence of wrongdoing by lawyers as well I am hoping a strong message be sent to wrongdoers by a committal sentence.

[simon templar qc] 07/4/2017 18:09

Attend a fraud trial and you will find out. What the company did in fact is give permission for the EBT to buy shares, and utilise company in the process and they did that knowing the company had profit warnings, that was fraudulent conduct.

Be under no illusion I intend to prove both deceit and fraud and I intend to seek a committal in respect of those matters against all the people who taken a hand in all this wrongdoing including any lawyers.

[blackss] 07/4/2017 17:06

Just out of interest how is that fraud if they only "intended" to do it ?

for example I "intended" to rob a bank the other day.. but decided to wash the car instead.

[simon templar qc] 07/4/2017 16:53

Our company directors intended to utilise company money to buy back shares, when they knew full well the company needed the money for product development and marketing to bolster the share price to ensure their hurdle was met.

That was clearly fraudulent!

[simon templar qc] 07/4/2017 16:49

One of Lloyds staff already been sentenced to 5 years prison for a fraud offence..

[simon templar qc] 07/4/2017 14:11

For all those posters who underestimate me including Beeks let me give some facts.

My shares have still not been sold neither the defendants directors and or their shareholders been paid the costs order following the formal hearing resulting from my derivative hearing.

The insolvency trustees been warned yesterday they will be implicated in a continuing fraud if they take any further action.

There is a lot going on at the moment I made various people aware I am to seek a committal sentence for all the illegal conduct involved and I am determined to seek Wilson and Daley feel the full force of the law.

You have no doubt been watching Trump today well the line was crossed here when my family were subject to harm of which they were and I am a man of my word.

The trustees in solvency and their lawyers been told today I will implicate them in a continued fraud if they take any further action in respect of may assets. The SRA and various public bodies hare or on alert.

In the meantime I see Lyoyds have been involved in fraud.

[tilly99] 07/4/2017 13:45

Agreed RoddieDaley is the only chairperson on Aim that didn't want institutions or private investors on the register As long as he has his mate Kinder on it he knows he will get a 300k annuity pa from Ekt even if the shares keep falling and we never make a profit

[beeks of arabia] 07/4/2017 12:36

Ok. No bottomless coke for you.:)