Emmit Share Discussion Threads

[a0148009] 20/10/2016 13:19

JakNife - they have been working on the NASDAQ listing for some time it is expected to take place in the near future...
Have you checked progress on the website?
AO

[a0148009] 19/10/2016 14:39

The company is close to listing on Nasdaq.
as you know it is now called International Water Group.

More details on the company website : www.iwatergroup.com
click on investors.

AO

[stewjames] 13/12/2014 05:10

Seems like Mr Leo Knifton has once again made a stinking pile of cash in a complete dog that has shafted many small-time private investors. What remarkable good fortune on his part that the scammers targeted EMT as the vehicle of choice to screw people out of their pension pots.

[a0148009] 12/12/2014 15:46

Certainly it is Daniel Stewart that is in trouble.







AO

[phowdo] 12/12/2014 10:43

Possible one of the scummier nomads might be interested but really cant see this one coming back now...

[hedgehog 100] 10/11/2014 14:22

From "Shares" magazine, 6th. November 2014:

"Emmit promotion probed

£4 million scheme targeted inexperienced investors

WILLIAM CAIN

THE FINANCIAL CONDICT Authority (FCA) is calling for information from individuals or businesses with a knowledge of a scheme promoting shares in Emmit (EMT:AIM), a smallcap security blinds installer.

The regulator is investigating claims that people were encouraged to transfer money from their work pension schemes into Self-Invested Personal Pensions (SIPPs) and then buy shares in the stock, listed on the Alternative Investments Market (AIM). The London Stock Exchange suspended trading in the stock as a precautionary measure on 17 October.

Emmit generated no revenue last year and its liabilities exceed its assets. But at 97.5p, the price at which the shares were suspended, it had a market capitalisation of £17.8 million after a dramatic 1400% increase in the share price in the year to date.

The FCA says between 60 and 100 investors may have been affected, investing as much as £4 million in total. These transactions dramatically increased demand for the shares, driving them to levels as high as 200p over the summer. Some investors may have invested their entire pension pot into the stock, the regulator says, incentivised by claims regarding the value of the shares and cash payments as high as 30% of the value of their pension.

The FCA says there is currently no indication that the scheme involved Emmit itself. Individuals with information on the scheme or who hold shares in Emmit should call the FCA's Freephone number 0800 1116768."

[loverat] 01/11/2014 22:11

Jeez. Just been looking at this one. Something very dodgy about that multi-bagging rise and now this news release. Seen the name Leo Knifton mentioned also which does not surprise me.

[the stigologist] 01/11/2014 21:54

the key thing will be to find out if the Company in question and/or their Board and/or their advisers were somehow wittingly/unwittingly complicit in the whole scenario

[bam bam rubble] 01/11/2014 18:06

"The FCA said at least 60-100 investors have invested in this scheme to date and
as much as £4 million funds used. Some appear to have had 100% of their pensions
converted to Emmit shares. Their review of trading in Emmit shows these pension
investors constituted a significant proportion of the demand for the stock."

In other words a new form of pump and dump whereby a third party gains access to
the pension cash of unwitting investors. Trading in Worthington Group also looks
suspect and was suspended around the same time.

This had run its course and would have suspended in a couple of weeks regardless
as it's been 12 months since it became an investing company and never did a deal.

[phowdo] 31/10/2014 11:11

Oh deary me...

[the stigologist] 31/10/2014 10:58

maybe he realised the game was up and did a runner

[the stigologist] 31/10/2014 10:57

anybody want to mention 'skier100' username to FCA

"If individuals or companies have further information about this matter, they should contact 0800 111 6768 (freephone), as should any individuals who have invested in Emmit plc shares and are concerned.

The FCA is not currently aware of any information that Emmit plc itself is complicit in the conduct set out above."


skier100 last post


Skier100
17 Oct'14 - 12:45 - 4930 of 5150 0 0

KDR ready to blow, folks.


EMT - suspended at 14:10 on 17th Oct

[the stigologist] 31/10/2014 10:50

skier100 has been very quiet recently

[the stigologist] 31/10/2014 10:50

sounds like

'ring this number of you want to dob someone in'

[the stigologist] 31/10/2014 10:49

hmmm

If individuals or companies have further information about this matter, they should contact 0800 111 6768 (freephone), as should any individuals who have invested in Emmit plc shares and are concerned.

The FCA is not currently aware of any information that Emmit plc itself is complicit in the conduct set out above.

[phowdo] 17/10/2014 21:47

Shares suspended today.
I suspect a RTO from some "quality" company that coincidentally happens to be run by mates of the directors here...

[bozzy_s] 26/8/2014 18:38

Had a very quick glance at today's announcement. The market cap is
now just over £27m. Seems they have issued £18m in
shares for something like £0.3m of investment.

[bam bam rubble] 15/8/2014 15:36

The trading volume and buy orders in blocks looks false to me. Wash trades?

[the stigologist] 30/7/2014 16:59

i suspect next move might be an attempt to consolidate or RTO thus moving the goalposts and allowing the main movers and shakers to sell out more easily

[phowdo] 30/7/2014 16:55

^
The NomAd resigned 2 weeks ago.
Someone is becoming majority shareholder by converting before this delists.
Wouldnt like to be a minority holder here thats for sure...

[the stigologist] 30/7/2014 16:48

Who is delinquent in their responsiblity here ?

the holder ? the Company ? the NOMAD ?

suspect they are all in it together so all should bear responsibility