London Asia Capital Share Discussion Threads

[morro] 14/1/2011 20:32

It would be good if shareholders and others who are interested spread the word about this thread, because right now we have a clear situation of a group of shysters who are unconcerned about shafting others. Let's make it a battle the shysters not only lose but also come away with a very bloody nose.

[loverat] 14/1/2011 19:32

Posting a dot means the thread keeps to the top of the readers list.

And more folks see the shysters for what they are.

[captain haircut] 14/1/2011 19:29

My support of course.



.

[loverat] 14/1/2011 19:21

Perhaps folks ought to explore and complain about that too.

Get on your phones, your e-mail accounts and put pen to paper.

Do everything you can to stop these people who may be helping themselves to YOUR money.


Vote against these opportunists and make sure you kick up a good fuss in the process! The current management have not been totally perfect but I think they have folks best interests at heart. They have also provided the most honest and refreshing insight into the shysters who preside over many AIM companies.

If the vote goes against common sense and honesty I for one will support anyone who wishes to take action. Yeah - I might have an issue against one or two ex BOD and their cronies but I will always support the best outcome for shareholders whatever.

Come on guys - lets have a protest. Post a dot if you ain't happy with the opportunists.

[morro] 14/1/2011 18:50

The takeover code still applies for 10 years as LDC was a quoted company

[loverat] 14/1/2011 18:03

George

Perhaps you might be more up to speed. Please post your thoughts. I'll get my son to read and edit it so it makes sense.

[loverat] 14/1/2011 17:56

Can anyone provide this board with some sort of recent as possible breakdown as who the shareholders are and what they hold.

Probably a difficult task but a very approximate or speculative attempt will do.

[loverat] 14/1/2011 17:46

Agreed - action groups in my opinion are the last resort - although perhaps there is a slightly stronger argument here if the chancers succeed. However as we saw with Langbar shareholders they often end up fighting amongst themselves.

I think better to have a close knit group of concerned investors for now and keep bringing things to the attention of this board, the regulators and the media. People here might be surprised at the people who read these boards.

One thing I have learned over the last three years - fraudsters who go away quietly normally get away with it. I have no opinion on who is behind all this without further proof. However, bullies whether they are honest or dishonest nearly always get their just deserts.

[stevenlondon3] 14/1/2011 15:58

Our first priority should be to defeat the resolutions. If that fails then we should look to an action group to protect our investment. We are now an unquoted company not governed by the regulations of the London Stock Exchange or AIM.

[irenekent] 14/1/2011 14:18

Perhaps we should have an action group.

[morro] 14/1/2011 12:53

I think there is a strong case that the Takeover Panel should investigate Littlewood/ Richpoint & Co. Together this concert party has over 29.9% of the votes and as such should have made a bid. Their failure to do so is yet another example of the blatant flouting of regulatory rules these people have engaged in.

[stevenlondon3] 14/1/2011 10:15

Hopefully the resolutions will be defeated but the minority shareholder will keep trying to gain control. The board must be very aware that they must push ahead with the sale of ZY ASAP. Still treying to cast my votes through HSBC Direct.

[irenekent] 14/1/2011 07:19

If this conflict goes on it might be worth those of you with large shareholdings converting them into certificates if held in nominee accounts at present. That way there is no difficulty in registering your vote. Also a good idea keeping the financial press informed of the situation. About time Investigators Chronic got involved too. Keep up the pressure guys.

[loverat] 13/1/2011 18:12

ardiebo

I came across that and wondered at the time. I believe dougcsv is right though.

Get those votes in folks and send out a clear message.

Small PI's will not be intimidated by a bunch of chancers who may destroy the excellent work of the current board.

[dougcsv] 13/1/2011 15:28

I've just spoken to Selftrade and they have confirmed that you will need to vote directly with them NOT Equiniti - At the moment they said they will accept the votes only on a best endeavours basis - if you have already faxed your vote to Equiniti they will be ignored as they cannot match our names againt selftrades holding. So do it now don't delay....it may already be too late!!

[dougcsv] 13/1/2011 15:14

URGENT to all shareholders, Just in the mail this morning a letter from the co. to say those holding with Selftrade should contact selftrade directly as a matter of some urgency to ensure their Vote is made correctly - it seems Selftrade have changed thier minds as to how they want votes sent in.

[dougcsv] 13/1/2011 15:11

No not the same people.

[arichardwilson] 13/1/2011 12:30

Yesterday I wrote to David Blackwell ([e-mail]) who writes a column on the small cap market for the FT alerting him to the LDC situation. No reply yet. In the past he has written about corruption and incompetence in this market and one can but hope that he might bring some pressure to bear on AIM or the FSA.

[loverat] 12/1/2011 22:07

Yesterday I believe I made comparisions on another board with what has happened at Langbar. A different and more blatant type of fraud there perhaps but these directors are right. A book or film could be made.

However, now we know what has occurred in the past, are shareholders going to take the risk that one shareholder and its cronies could take this company back to past ways.

Simply unthinkable in this day and age.

[loverat] 12/1/2011 21:59

We also suspect that an additional reason for Richpoint calling the present EGM to remove your Directors, except Mr Sha, is the desire to terminate the litigation the Board has commenced against Mr Littlewood, Mr Ng and his son in law and associates.

[morro] 12/1/2011 21:54

Well said Loverat. Clearly Littlewood and his cronies do not have an ounce of decency. They should be in jail.

[loverat] 12/1/2011 21:48

And let ALL shareholders, big or small reflect for a moment on this plain speaking and honest summary of events:


And so the saga of this troubled company continues. A book or even a film could be made of this story which quite clearly involves previous directors seeking personal self gain, Croatian mafia, missing Indians and now conflicted Chinese. It is more than possible that two of the aforementioned are working together to make further financial gain at your expense. At all times, your directors have sought to unravel this extraordinary web of intrigue and mistruths and have been resolute in their desire to return cash to our ever patient shareholders