Mercantile Ports & Logis... Share Discussion Threads

[pj 1] 12/7/2017 10:00

Do you think he has always been known as Nikhil Gandhi?

Possibly Nikhitall Gandhi?

[mount teide] 12/7/2017 09:55

Interestingly, Nikhil Gandhi, despite leaving school at 16 without any formal qualifications to start his new 'job' as a Mumbai street spiv hawking Paan(chewed for its stimulant and psychoactive effects), is now claiming on his CV to be a 'Commerce' Graduate. Could it be the case, and in common with the Shareholders Circular for the £37m Placing and Open Offer and many other Financial Statements, his CV was probably written after chewing some of his own Paan!

Nevertheless, the CV claim was not news to a leading Mumbai Business journalist i spoke to, who laughed out loud, when i asked him about the Commerce Graduate's 'Qualification', that both Gandhi and his brother now claim on their CV's.

He said, "its about as bona fide as Grace Mugabe's claim to have achieved an Honours degree in Mandarin from a leading Chinese University and a Phd in a world record three weeks from the University of Zimbabwe, despite having never attended either."

Still, Grace should be given some credit - before she was plucked from the President's typist pool for her intellectual brilliance to become First Lady, she at least managed to leave school with 4 very modest grade 'O' levels; far more qualifications than our Executive Chairman managed to achieve during his formal years of schooling!

AIOHO/DYOR

[deepvalueinvestor] 11/7/2017 08:50

Yes, still holding, still bruised.

[pj 1] 11/7/2017 08:34

Sheds a different light as to why he was beaten up so badly, and almost lost his life allegedly, some years ago

[my retirement fund] 11/7/2017 08:26

Clearly this man is the ultimate confidence trickster.

[mount teide] 10/7/2017 17:48

Nikhil Gandhi

An Indian business journalist back in 2008 wrote:

'There are plenty of question marks around Nikhil Gandhi.

Why are investors willing to back him when he’s got precious little to show in terms of revenues or assets on the ground?

Why has he taken over three fledgling companies that have little by way of operations, but whose stock prices have soared in a bear market?

How can these companies with no fundamentals worth writing about shoot through the roof in a bearish market?'

Despite no revenue, Horizon Infrastructure's share-price soared nearly 30 fold in a matter of months, from Rs68 to Rs1,951 between January 25, 2008 and May 5, 2008. The National Stock Exchange did't like what it had seen, and following a short investigation, suspended trading in the company for almost 8 years.

Then in September 2009, Sebi, the Market regulator, charged officials of a second of these companies KLG Capital Services with insider trading shortly after the share-price has risen 8 fold in a few months and, barred it from the stock market. JL Capital, the third company went up a highly suspicious 11 fold in a similar timeframe.

Skil Group - the company that these three companies were merged into, saw its share-price rocket from Rs75 to Rs2000 in a matter of months in 2008 during a global market crash, but like MPL, it has since completely collapsed by more than 98%.



At first sight, Mercantile's extraordinary, £25k a month travelling and hotel expenses for the last 7 years seem totally implausible, surely there must be some mistake?

However, as David Bellamy the ex head of stockbroker Brewin Dolphin’s Leicester office found out when he visited Mumbai to discuss his BD Fund and personal shareholding in Mercantile, Nikhil Gandhi certainly likes the finer things in life, particularly, when someone else is paying.

I understand Nikhil arranged for them to meet at his exclusive Private Room at the magnificent Taj Mahal, Mumbai's top Luxury Hotel, for a full, white glove, butler service breakfast business meeting(a private room with butler costs up to £1,000).

Ah...now the mists are clearing!

[mount teide] 08/7/2017 22:10

Shareholders will recall, highly respected Sunny Varkey, the billionaire education entrepreneur and philanthropist, and Unesco Goodwill Ambassador served writs on former Everonn Education directors Nikhil Gandhi and P Kishore(MD) in connection with allegedly carrying out fraudulent transactions and siphoning off huge sums of funds from Everonn, of as much as £12m.

And that the matter is now being investigated by the Serious Crime Branch of India's Special Fraud Office following a formal complaint from a livid Sunny, who reports suggest is still incandescent with rage at the subsequent collapse of Everonn, after his accountants found the company's books to be a work of fiction and the accounts manipulated.

In light of what has been going on at MPL, thought Sunny and his forensic accountants might be interested in what the white collar criminal(insider trading) and uneducated, former teenage street spiv has been up to at Mercantile - so we emailed him a copy of our file.

[e-mail]


Seem to remember, it came to light the CEO of Globo was a largely uneducated, former wind surfer and beach bum, before he re-invented himself as a con man masquerading as a tech sector company CEO!


How to protect AIM investors?

When it comes to incentives, most 'responsible' parties are paid by a company: the Auditor, the Nomad, the Broker, the Comms Agency and the Directors.

Given the importance of raising capital to the Aim broker model, perhaps that should be where shareholder protection should start: with Nomads surrendering 100 per cent of the fees, plus harsh financial penalties, for flotations and capital raisings when a prospectus is later shown to have been false.


AIOHO/DYOR

[diku] 06/7/2017 23:58

As I have said before the only way to stop this AIM nonsense is for joe public to stop putting money into AIM directly or indirectly via fundies...let the entire AIM collapse...it is all in the name...AIM = Am I Mug!!!....

[pj 1] 06/7/2017 17:09

Rent Boys?

[mount teide] 06/7/2017 17:02

MRF - 'What a bloody scam. AIM should hang its head in shame as should all connected parties ti this fraud, quite how some people sleep at night is beyond me.'


A luxury lifestyle of multi £million properties, 7 series & S Class Mercedes, privately educated children, high maintenance mistresses, First Class Air Travel, 5 Star Hotel Executive Suites, Michelin Star Restaurant Accounts, and wardrobes of designer clothes can help some to develop extremely thick skins and show complete indifference, when it is funded by the retirement investments of hardworking taxpayers!

[marvelman] 06/7/2017 14:50

Yes indeed. The reality of the markets and its consequences to individuals and their families cannot be better illustrated than by this gut wrenchingly awful company and the scum that run it. If that 1 million was not an institution then that hit would surely have hurt someone badly. If only there was a means to inflict likewise pain on the villains that have caused this to happen. This has to have been a plan from the beginning as no one could have caused such a disaster just through sheer incompetence. This was made to happen plain and simple.

[diku] 06/7/2017 14:20

Somebody done a runner here....1mln dumped at 2.5p is where the price will be heading....any chance of a High Court judgement against insiders if foul play is going on....

[my retirement fund] 06/7/2017 12:19

Wow someone managed to dump 1 mill at 2.5pence.There broker must have sweated buckets to find an idiot to have taken the other end of that one. LOL !On a more serious note one could easily be looking at a pension fund trustee there who has just crystallized a 2 Milllion pound loss for their clients whom will mostly be hard working honest folk.What a bloody scam. AIM should hang its head in shame as should all connected parties ti this fraud, quite how some people sleep at night is beyond me.

[escapetohome] 06/7/2017 12:07

I wouldnt even touch this one.

Maybe at 0.5p for a gamble?

[someuwin] 06/7/2017 11:12

What looks like buys could well be shorts closing before they get locked in by suspension.

[orinocor] 06/7/2017 11:10

Where are the institutional investors who bought in the placing at 10p? Obviously 3.75p is a bargain or is it that even for these clearly clueless investors the penny has finally dropped.
Where's James Sutcliffe? The NED whose presence is supposed to reassure shareholders there is an independent expert keeping an eye on things. LOL.

[marvelman] 06/7/2017 10:23

It would appear that there are actual buyers of this stock today despite the basket case that it has demonstrated it to be. It sure takes all sorts of investors to make a market.

[phowdo] 06/7/2017 09:32

Is it possible to stoop without a backbone?

[pj 1] 06/7/2017 09:15

-23%. Couldn't possibly be a leak of suspension or NOMAD resignation? Cenkos would never stoop so low............

[marvelman] 06/7/2017 09:10

In its final death throws today it seems. Amazed there are still shares held by PI's that are still to be sold.