Legendary Inv. Share Discussion Threads

[belt n braces] 18/1/2018 14:08

Soup

IBS Corporation

Shareholders:

Eight peak holding Ltd 47.18%
Zaf 34.2%
legendary 11.1%
Manu forti Nominees 2.5%
Pollock Trustees 2.25%
8X8848 trust 1.0%
Grant Amond 0.5%
Andrew Mcnab 0.25%


Where's this female majority shareholder?

[philmiboots] 18/1/2018 14:07

Kenina Court mugshot bottom of this page...
She appears to be on the Board of the Banking Ombudsman Scheme so presumably kosher....



Kenina Court
Chief Financial Officer
A New Zealand born Samoan, Kenina is a Chartered Accountant with her own consultancy business, Pathfinder Solutions Limited. Kenina’s previous role was Principal in the Business Advisory team at Crowe Horwath in Auckland, the fifth largest accounting firm in Australasia. Prior to that, Kenina was Director of Acorn Solutions Limited, a boutique accounting firm she founded in 2000 and sold to Crowe Horwath in 2011. A strategic thinker with hands-on experience in a variety of industries including retail, import and export, wholesale, property, manufacturing and service, Kenina has a strong base for a pragmatic approach towards solution finding. Kenina serves on the boards of the Pacific Business Trust and Oceania Career Academy Limited as part of her commitment to making a difference for Pacific Peoples, and is also a Director at Banking Ombudsman Scheme Limited.

[soupdragon55] 18/1/2018 14:02

Kenina Maree Court. She has 47% as owner of both Eight Peaks Holdings and Pathfinder Solutions

Also holds through being the owner of NTA Holdings.

[belt n braces] 18/1/2018 13:53

Soup

What is her name and shareholding?

[soupdragon55] 18/1/2018 13:52

She is the majority shareholder.

[belt n braces] 18/1/2018 13:50

Soup

I have not had a look at who set-up IBS (not a main consideration for me), but who is she, is she an officer of IBS? Usually the person who sets up a new company is a lawyer/or accountant who sets them up on behalf of the directors? Although it can obviously be done by one of the directors, the company is usually set up by an external professional.

[professor pettigrew] 18/1/2018 13:50

Complex and expensive systems integration projects become a thing of the past with #Virtualstock’s The Edge™️. Find out more about how we do it! 👌🏻www.virtualstock.co.uk/… #retail #systemsintegration #digitaltransformation

[professor pettigrew] 18/1/2018 13:49

Will 2018 be the year companies make meaningful progress on #digitaltransformation? Top #retailers and #healthcare providers already have with #Virtualstock www.scmr.com/article/20… #digitalsupplychain #DigitalProcurement

[soupdragon55] 18/1/2018 13:34

Belt, unfortunately none of those apply to the person who set up IBS.

She has set up 109 brand new companies, sometimes at a rate of 2 or 3 a week.

Anyone with that record is worthy of suspicion to me.

[professor pettigrew] 18/1/2018 13:31

Belt - thanks for the full and factual answer above.

You know what you are talking about, having had the experience of being a director.

Perhaps we can put the scare stories re IBS to bed once and for all?

Amazing the number of people here who have an alternative agenda.

[mudbath] 18/1/2018 13:24

I remember providing(here) a history of the share transactions relating to IBS.
Zaf did not negotiate anything regarding the LEG stake,for 100% of the shares were originally allotted to LEG at a nominal cost.Subsequently, parcels of stock have been moved from person to person not to mention in and out of nominees.There is nothing to suggest that IBS has acquired any value,notwithstanding contrary claims from various interested parties.I am also following the saga of the "Banking License" with great interest.Free lunches generally turn out to be anything but.

[belt n braces] 18/1/2018 13:22

Could be to legally protect individual directors(although the veil of incorporation would be lifted in the event of fraud), could be a subsidiary of a group of companies already bought over, could be holding companies with no actual trading income of it's own, could be a company set-up with a plan to trade at a later date (set up in anticipation), could be companies simply retained because the name has value or time the company has been in existence (say a company that is over 100 years old).................

There are good reasons. Dose not always mean the directors are crooks!

[soupdragon55] 18/1/2018 12:52

Belt, what 'good' reason was that then?

...and often these companies are there for good reason.

[belt n braces] 18/1/2018 12:41

Soup

I also agree that VS is the 'jewel in the crown', and where any value is.

Regarding companies they own/direct, I have myself been a director of quite a number of dormont and non-trading companies over the years, and often these companies are there for good reason.

We will see what reason Mudbath has to give.

[professor pettigrew] 18/1/2018 12:26

Soup, that's the point I'm trying to get across here.

VS, of course, is the jewel in our crown, but just with them alone we should be trading around 0.18p, and remember that is at the LAST valuation.

Things have moved on since.

So, you could say that everything else we own is in the books for absolutely nothing.

There is a rather large surprise to the upside awaiting here.

[soupdragon55] 18/1/2018 12:15

Belt, look through the directors lists and how many companies they own/direct. How many of those companies actually operate or do anything other than set up new companies?

The same people who started IBS then 'bought' shares in it to give it a 'valuation' of $10m. Kind of like buying the house you already own from yourself in order to give it a higher market valuation.

Personally, only interested in VS. Hoping that it will come good despite the worst efforts of Zaf.

[chinese investor] 18/1/2018 12:05

David,
You sound increasingly desperate....it's as if YOU don't believe what you are writing !

[belt n braces] 18/1/2018 12:02

Mudbath

What factual proof have you got that IBS is a fairy story and that the backers are 'scammers'?

[professor pettigrew] 18/1/2018 12:00

The usual scare-mongers will come out of the woodwork on any dip, but look at things logically here:-

1. Our holding in VS alone translates to a share price of approx. 0.17-0.18p, and that was at the last valuation (John Lewis contract).

2. Granted, we are still awaiting IBS licences and permissions news. Would Zaf have negotiated a 11.7% stake for LEG (and a 37% stake to boot for himself) if it was a "fairy story"? Surely you can come up with something better than that mudbath?

3. Over the last 5 trading days, bitcoin has been the subject of huge downward speculative selling and shorting. For some reason, a few here have linked the bitcoin performance with our stake in an established crowdfunding company which just happens to be launching a crypto liquid bond fund. No mention though from those very same posters who conveniently ignore people on financial channels that say bitcoin has a long way to go - upwards. In reality LEG, as I said yesterday, aren't or hever have been directly linked with bitcoin, so it's oscillations won't make much difference to LEG.

4. We have a nice stake in Circle Oil which is on the verge of a major find. Brent is trading around $70 per barrel at the moment - could be a massive fortune awaiting us there.

5. Finally, Virtualstock are working very hard at the moment, and there will be other major retail contracts coming along. Don't forget their intention to float, and their intention to expand into other markets overseas.

The point I am making here is that even if we just had our 7.2% stake in VS and nothing else, our NAV is 0.18p per share as opposed to the current 0.12p offer price.

We are trading at a discount of approx 33% just on VS alone, so all this nonsense from some is just that.

Nonsense and scare-mongering.

[mudbath] 18/1/2018 11:45

Only regarding fairy stories like IBS and the scammers behind it.

[kemorkid] 18/1/2018 11:39

Are you a doubting Thomas Mudbsth???

[chinese investor] 18/1/2018 11:32

Pogue Mahone !

[mudbath] 18/1/2018 11:28

Go mór amhras air.

[kemorkid] 18/1/2018 11:22

Tiocfaidh ar lá.

[chinese investor] 18/1/2018 11:21

For The Record I'm Not Currently Laughing At This !