Griffin Share Discussion Threads

[liarspoker] 17/1/2006 16:47

Any news as to way Wray bought in and is he increasing his stake at these levels ?

[plunge] 11/1/2006 16:31

Perhaps Adrian Stecyk has finally discovered the skeletons in Deano's cupboard and has rightfully decided he didn't want to be associated with this character?

I assume Nigel Wray knows what he is doing.

[kemche] 29/12/2005 10:15

encarter,
I would take JakNife's advice on this one - stay clear. This crew has been around a long time and no amount of analysis is going to help. Snake oil anyone?

[encarter] 20/12/2005 21:46

maximoney1 dyor.

[encarter] 19/12/2005 21:44

All you shorters, spread betters and notoriuos de rampers are wasting your time, the share price is about to take off.

[longtech] 19/12/2005 10:23

Encarter - listen to Jacknife and other posters.
XXXX has probably taken money off all of them - he is the master of illusion

[markt] 18/12/2005 11:28

...one comment ...

looks like the AIM rules need to be changed

but then also those of the main London Stock Market...

but the Government is always too scared to interfere....and have it publicy run...

These markets are run by brokers (broker firms set up the market and still own the shares) and they don't want too many rules....they just want to do deals and make money....if the public loses...well tough.....

You and I could list many frauds, in USA and UK, by listed companies and/or directors.
But nothing is changed.



Sad but true.

[bylow] 18/12/2005 00:38

In the case of a Stephen Dean company one should examine the quality of the assets shown on the balance sheet and also have a good look at the tranactions he reports as giving rise to a profit. He has a habit of conducting artificially valued transactions between interconnected companies within a group that he controls in which no money changes hands, except when he is the seller in a personal capacity. By this means he can inflate on paper the consideration received for the assets one company is selling to another, and so book an unwarranted profit for the selling company. He did this with Artisan and Cater Barnard. He knows he can only do this and get away with it for a limited time with any one company so when it is time to leace he exits that company on his terms before the truth is recogised. In the case of Artisan, he obtained authorisation for the company to purchase it own shares. The shareholders expected,ie wanted, the company to purchase its shares on the open market and so help boost the share price. Instead, and in order to help him exit Artisan, he sold a large part of his holding to the company under its newly authorised powers, without shareholder approval. The Aim listing rules permitted this.
He also makes it standard practice to pay another company he controls fat consultancy fees for doing no more than he should be doing as a director anyway.While at Artisan he paid his Gibralter based company around 675,000 pounds per annum

[bylow] 18/12/2005 00:07

What matters to Stephen Dean is not the quality of the assets or the investments held by any of his companies but that he can (a) have a free ride on the back of fees paid to himself or other companies he controls and (b) artificially inflate the profits of the company by means of connected transactions and then (when he has had enough) exit the company for cash before his is rumbled. the Aim listing rules actually permit this to happen.

[encarter] 17/12/2005 22:28

Results look great to me and I don't understand why you think Stephen Dean is happy for his companies to lose value and would intentionally make loss making investments.
At least you admit GFF make money and if they continue to do so the share price will rise, watch!

[encarter] 17/12/2005 19:20

I'm not defending Stephen Dean i'm defending GFF I don't care about him and I don't really care about Cater Barnard. There's no advantage to Stephen Dean in the decline of GFF, financially or reputation wise. He's made mistakes in the past but people learn from their mistakes, maybe at the expense of investor like yourselves but he'll make a lot more money if GFF prosper than if they don't.

Results prove that they are doing well and recent deals show that this trend is continuing. Next results will be good so i'll see what happens from there.

[bylow] 17/12/2005 13:45

Stephen Dean exploits the lax AIM listing rules to manipulate the financial operations of the companies he controls for his benefit and his benefit alone. He is not incompetent - he is wilful and if you invest in buying shares in those companies on the open market you stand a high chance of losing a lot. Look at his most recent legacies: Artisan, Envesta, Cater Barnard .

[encarter] 17/12/2005 10:16

The Net Asset Value of GFF isn't falling though because they have hit on a winning formular and there's nothing wrong with issuing loan notes it's done all the time to raise cash, in this case it got 750K for GFF to invest.
But in your opinion you should never buy stock in any company which issues loan notes?
Someone would pay more than 6p a share for these because they will be able to sell them for 10p soon. On P/E alone the share price should be double, don't forget that these results don't include the 750K loan or the money made from deals since September. Next results will be even better.
You obviuosly lost money with Cater Barnard but now you have a chance to make it back with GFF.