Globo Share Discussion Threads

[j777j] 04/11/2015 11:34

Bigboots I would be interested in joining your action.

[elcapital] 04/11/2015 10:37

He is probably watching Judge Rinder.

[rec0very stock] 04/11/2015 10:34

bigboots,

Good on you, but I hope you have deep pockets as legal action is not cheap. GT cannot afford to cave in to you as that would then just invite everyone else to have a go. Their most likely tactic is to start ramping up your legal expenses to a point where you drop your case without ever getting to court. Don't forget you could be liable for their legal costs as well when you have to fold.

[kemche] 04/11/2015 10:34

What we really need here is a pseudo lawyer to advise us on these matters. Anyone know where we can find one of those?

[rcturner2] 04/11/2015 10:22

What most people don't realise is that you cannot just fire off litigation. UK law requires that efforts be made first to settle the matter. You have to outline the dispute to the other side and give them a chance to respond. GT will just apply to strike out BB's action (and probably seek costs against him too).

[elcapital] 04/11/2015 10:18

nice find EC

I would have thought the only way is for a concerted effort, qpp style. No guarantee, and they have much more chance give the money IS in the bank there, but that is the way to go imo.

[effortless cool] 04/11/2015 10:10

bigboots re 25266,

You were sizeably short on 22 October and closed the same day (reported here on 23 October) for a £10k profit, according to your posts.

It would seem from your court summons that you subsequently went materially long.

From this, it would seem that you were trading this share, rather than investing in it; the mistakes you made being (1) to close your short and (2) to reverse to a long.

I don't think this trading history leaves you well placed to claim against the auditors.

bigboots - 22 Oct 2015 - 15:27:55 - 23943 of 25270

Shorted 100,000 with a 10% stop - think i will get 4p out of it tomorrow - simple trade

bigboots - 23 Oct 2015 - 07:00:56 - 24072 of 25270

That was an easy 10k on the short thank you

[scantrader] 04/11/2015 10:07

Update from the excellent Shareprophets site - 6 Nov will be the official 0p
designation.

[rcturner2] 04/11/2015 10:07

bb, I work alongside a lot of legal professionals and have assisted in litigation all over the world.

What you are doing is unlikely to achieve the end that you want. Firing off a summons like that without using legal professionals is doomed to fail. Believe me the system is so complicated, I would not even issue a summons myself in a county court with 20 years experience.

[still waiting] 04/11/2015 10:03

you never know bb, they may settle out of court to stop a class action.

keep the bb updated.

[sirhedgealot] 04/11/2015 09:48

Talk about getting the system changed

[elcapital] 04/11/2015 09:32

Good luck with that, I mean it both sincerely and with a large element of doubt (in terms of potential success).

[bigboots] 04/11/2015 09:29

I have today issued a Court Summons against Grant Thornton and personally issued the claim against Sacha Romanovitch who is the UK CEO, holding her and the Company responsible for the losses that i have incurred in my shareholding of GLOBO PLC

Clearly the company did not do enough due diligence in preparing and signing off the accounts of Globo and something more interesting is that when they took over from BDO Stoy Hayward, BDO hadnt done a full audit before handing over the accounts to Grant Thornton. So since 2012 - 2015 i would have expected GT to carry out full due diligence before the accounts were signed off

I urge all other shareholders to do the same and issue a Court summons' on Ms Romanovitch and GT wholly and jointly

Should you wish to communicate with her, her email address is '[e-mail]

INCENSED SHAREHOLDER

[hpcg] 04/11/2015 09:17

Loverat - you seem to think investors and commentators on bulletin boards owe a duty of care to one another. They / we / you don't. There is an obligation to act within the law. Every single trade is a disagreement about the price trajectory of an instrument, and thus a difference of opinion. Every single trade; and no one on either side of every single trade needs to explain their reasoning. On a bulletin board shorts never need to justify their opinion, and longs never need to justify their opinion. The market, and circumstances, ultimately decides who is right and who is wrong.

[bigboots] 04/11/2015 08:41

I have today issued a Court Summons against Grant Thornton and personally issued the claim against Sacha Romanovitch who is the UK CEO, holding her and the Company responsible for the losses that i have incurred in my shareholding of GLOBO PLC

Clearly the company did not do enough due diligence in preparing and signing off the accounts of Globo and something more interesting is that when they took over from BDO Stoy Hayward, BDO hadnt done a full audit before handing over the accounts to Grant Thornton. So since 2012 - 2015 i would have expected GT to carry out full due diligence before the accounts were signed off

I urge all other shareholders to do the same and issue a Court summons' on Ms Romanovitch and GT wholly and jointly

Should you wish to communicate with her, her email address is '[e-mail]

INCENSED SHAREHOLDER






[e-mail]'

[p@] 04/11/2015 08:26

Our mate Jazza's back.

[andy] 04/11/2015 08:13

Jaknife,

Fair comments, and if they are in need of funds perhaps they should have billed it as a fundraiser?

I am not the only person I know that is a member that thinks Sharesoc has become very commercial and lost sight of what they originally set out to be.

I was happy to support them until now, but I really do think a £45 fee to hear one of their own members speak is very naughty, and so for that reason it's not for me anymore.

I can understand guests being charged such a fee as an encouragement to join, (i.e. join and save the fee), but they also charged £45 for an evening at Bloomberg, and Bloomberg gave their facilities, food and drink for free!

I do hope they will eventually have the courtesy to acknowledge my emails confirming my automatic renewal has been cancelled as requested.

[7kiwi] 04/11/2015 08:09

I do wonder if Costis Costalotadoshapoulos and the CFO have cleaned out the bank accounts as well as selling shares.

Or was the scam so sophisticated that they had somehow maintained there was more cash than there really was.

It would be more comforting for shareholders if someone actually confirmed a warrant had been issued for their arrest.

If they can issue an EAW for a couple who take their child to another country for medical care, surely they can use issue one when serious fraud has taken place?

[andy] 04/11/2015 08:06

Pauly Pilot,

LOL!

£500 is equally as unlikely as £45....

[rcturner2] 04/11/2015 07:54

I suspect that the October salaries were not paid (this was the trigger for the collapse). At that point any staff are free to leave.

[beep_beep] 04/11/2015 07:43

The bit that made me laff in todays RNS was this bit



About Globo PLC

Globo PLC is dedicated exclusively to helping clients create powerful mobile business applications. Globo offers a unique combination of world-class design, native application development, an award-winning mobile application development platform (MADP), enterprise mobility management (EMM) solutions, process excellence, and a passionate global workforce. Globo is a trusted mobility partner to the world's leading companies, including Coca-Cola, EMC, GE, ING, Intel, Mobilise IT, Procter & Gamble and hundreds of other clients worldwide. Globo is listed on LSE-AIM as GBO and OTCQX as GOBPY. For more information, please visit www.globoplc.com.