London Asia Capital Share Discussion Threads

[curt3] 31/3/2011 16:55

Any news at all would be welcome as to how things are progressing - hopefully they are progressing !! I cant wait much longer to get some return of capital !! Its an age thing.

[loverat] 05/3/2011 19:37

Edit - as you say little chance that this conversation adds any value to London Asia. Good luck all.

[loverat] 03/3/2011 20:38

dougcsv

Rubbish.

Folks here might gather the impression you are in Buchlers pocket.

Just explain your relationsip with him and why he is on the board of directors.

[dougcsv] 03/3/2011 19:26

LR, You are correct the two are very different. You must realise that the other situation he was fighting on two fronts and stuck between a rock and a hard place. I don't agree with your description. One similarity I believe will be that sensitive discussions and arrangements are seldom if ever helped by blurting it out esp across bb's; I could argue that it is possible some agreement might have been achieved if there had not been such an open and frank public reporting of the situation - but we will never know.
Anyway I have no wish to discuss that case any more....we'll just have to see how this turns out. GLTA

[loverat] 03/3/2011 18:48

Doug

I distinctly remember one post a friend of yours made (Grahamite2) a few years back. He said that good intentions and passion came second to expertise and knowing what one is talking about. His post was directed at someone we remember well.

He got sued for his pains and was wrong anyway. If there is something I have learned over the past few years is that so called 'expertise' and specialised knowledge, combined with the onset of old age clouds the mind.

I hope Buchler will be as accessible and approachable as the others were.

[loverat] 03/3/2011 18:31

irenekent

I had a high estimation of Buchler during the earlier part of the Langbar issue.

Now, he became the new director of the company which had been defrauded. Unfortunately the action group devoted to making a recovery split into two. Some joined Buchler and others some splinter action group.

A partial recovery was made and Buchler settled with the splinter action group. I hear that those shareholders who remained loyal to him received significantly less than the rebels.

That's why this is a different ball game. With Keith Negal you could have trusted him. With David Buchler - a generally decent bloke as far as AIM is concerned but an evasive and non confrontational buffoon IMO.

[irenekent] 03/3/2011 13:51

Perhaps he can get back all the money that appears to have disappeared into the back pockets of Littlewood & Ng.

[loverat] 02/3/2011 18:36

doug

Thanks for that.

Buchler is probably the best on paper. But in my book he is miles behind Keith Negal and Dennis Bailey. Folks here will set the future standards they expect by what KN and DB have done.

Buchler has the opportunity to show us he has metal. Pragmatism and concilliation is great when it works but there comes a point when resolve and determination is needed. The Chinese respect that more.

Let's see how he gets on and wish them well.

[morro] 02/3/2011 17:51

Commodity Growth will formally become a victim of the crooks Littlewood, Holmes et al on the 8th March when it will be officially dissolved.

[irenekent] 02/3/2011 10:34

Pity about Mr Bailey going. I think the board need to publish the details of the threat to Lord Cromer and his family. Sha will say anything to try and out-flank the board. He seems a thoroughly nasty piece of work. Pity he can't be barred as a director of any UK company. Maybe an investigation into his background might throw up something.

[dougcsv] 27/2/2011 22:10

Loverat, I believe you are wrong. I will be staying in close contact with them and whilst I expect the discussions will be very sensitive I do believe they are a good follow on from Keith and Dennis. It will be interesting to see what happens with SL now. It was commented in the meeting that SL and Victor Ng are both on the board of one of Mr. Chen companies - this was denied by Mr Sha but it goes to show how difficult it is to know what is going on in china at any level....
Re the earlier comment on Sir Jeremy Hanley vs Lord Cromer - I don't know (but I'll try to find out) what personal Chinese connections Sir J has in china - we know that Lord C has a home and kids over there hence the seriousness he took the alledged threats.

[loverat] 27/2/2011 20:05

Morro

They certainly have a hard act to follow - Keith Negal and Dennis Bailey.

If David Buchler and Co can show half the commitment those guys had there might be some hope. However, the mention of their names on here some time back and now their appointment reminds me of smoke filled rooms and beer and sandwiches.

Let's hope I'm wrong on that.

[morro] 26/2/2011 11:36

Let us hope the two newcomers make a positive contribution. However, it has to be said the Earl of Cromer was experienced in dealing with the Chinese, so will Sir JH fare any better?

[loverat] 26/2/2011 09:41

Well, probably a positive developement - although he aint going to be cheap.

But I guess you have to pay to get someone who has the necessary experience in dealing with difficult people.

[topvest] 26/2/2011 08:37

A new Chairman - looks positive in terms of the comments about working with the major shareholder. This is the only way we are going to get value.

[stevenlondon3] 24/2/2011 09:44

Richpoint may not have a right to a position on the board but they have the ability to bog down the company in a legal morass. Gardin appears to be a very slippery character and must be regarded as in the Richpoint camp. He is though a director and will continue to be until at least the next AGM/EGM - that could be several if not many months away. A deal needs to be done before then. It is in all parties interest even though the Zhongying asset will be sold at a discount.

[morro] 23/2/2011 12:16

Says a lot about Sha if he was trying to bounce Gardin with the £12000 cap.

I think the issue of whether Richpoint and other parties have acted in concert and can be seen to have more than 29% and as such should have made a bid, should be investigated fully.

[dougcsv] 23/2/2011 11:28

Stevelondon3, Richpoint do not have a right to a non exec position as I understand it. Now they have shown their hand they have blown any chance of getting back onboard in that capacity I reckon - so they will not be privy to anything else the directors may want to keep under their hats. The future position of Prof Gardin must be in question given his stance over the last few months - I asked a question at the meeting which led to an interesting comment from Mr Sha - He indicated that his and Prof Gardins fees would be capped at 12k to keep costs down. The implication being that they were intending to keep Gardin on the board (even though their own requisition was to throw him off the board) Gardin reacted in an interesting way when this comment was made by saying it had not been 'agreed'. Either there was a translation/misunderstanding and a poor choice of words by Gardin or they had been having some discussions between themselves. So I think Gardin needs to go or come up with a good explanation as to why he has behaved the way he has.

[dougcsv] 23/2/2011 11:19

Vish65, These appointments were not mentioned at the meeting as far as I'm aware. I know both of these guys thru Langbar. Opinion on the BBs will be divided about them but if you google DB you will see he has considerable experience in forensic accounting and frauds - and as such could be a valuable addition to LDC. My own view (as a supporter of his) is that without his input LGB would have seen not a penny back. We don't want to get into all that here, but LDC needs some new directors and it needs some other faces for the Chinese to talk to if we stand a chance of resolving this situation. Of course they won't help for free....

[vish65] 23/2/2011 10:08

From 22nd Jan meeting (post 9402)

2)If the Richpoint proposal is voted down, Professor Gardin would probably accept the appointment of two additional directors (David Buchler, Sir Jeremy Hanley). These two would bring considerable experience to the task at hand.

Does anyone know if this was mentioned further at the follow up meeting ? Indeed anyone know who they are ?

It sounds potentially positive but as always you wonder about alterior motives , business connections etc... sorry but LDC can get you a bit paranoid.

[capt bligh] 23/2/2011 09:32

Re 29% So what... unfortunately he gives a Richpoint insight into what is being planned on our behalf

[stevenlondon3] 23/2/2011 09:23

He will represent Richpoint who whether we like it or not own 29% of the company.

[capt bligh] 23/2/2011 09:13

We should have got rid of the Italian too

[irenekent] 23/2/2011 09:03

Maybe the company should publish the letter. Its about time that people were made aware of the dubious moral compass of many of these people. Intimidation and corruption are of course not the sole preserve of Chinese business people but a very high number do seem to see this as a perfectly normal way to carry on.