Mercantile Ports & Logis... Share Discussion Threads

[marvelman] 22/3/2018 15:18

Friday post 4.30 RNS looks more than a possibility. Those that have been buying today on what they perceive as a bargain can only be doing so with eyes wide shut.

[pj 1] 22/3/2018 13:12

I once questioned Pav about the 'travelling expenses, in 2015 I think it was.

His only defence was '' it is budgeted for and within budget''

Unsurprisingly its about the only budget they have ever hit target on!!!!!!

[mount teide] 22/3/2018 13:06

Spends so much time at the Bombay High Court he's on first name terms with the security who just nod him through!

[phowdo] 22/3/2018 12:57

Is the market finally realising Nikitall might not be 100% honest?

[mount teide] 22/3/2018 12:51

Nomad Cenkos's brokerage don't want your shares - they're sat at the bottom of the bid at 2.1p !

[my retirement fund] 22/3/2018 12:46

So I guess in the grand scheme of things the siphoned tens of millions and flagrant rinsing of the cash here is actually small beer !When it comes to fraud the Indians don't do small do they.

[mount teide] 22/3/2018 12:43

“Don't tell me what you value,” Joe Biden once said. “Show me your budget, and I'll tell you what you value.”

Is Joe Biden admitting to being a MPL shareholder?

The MPL Executive Board has budgeted to spend an average of £25,000 a month for the past 9 years on travelling and hotel stays(of a standard so opulent it includes white glove butler room service!).

[waterloo01] 22/3/2018 12:11

See TW has finally run with it but a new angle

[dave4545] 22/3/2018 09:27

people every day pile into Ukog !

[barbelsue] 22/3/2018 09:23

I think they must know something we don't

[marvelman] 22/3/2018 09:19

Beggars belief people are still buying these

[dave4545] 22/3/2018 09:05

Well the market is dire atm, even solid stocks are friendless so no wonder this has taken a battering.

Even at this level I'm not touching with a large bargepole, ominously looking chart

[my retirement fund] 22/3/2018 09:03

No hope of a further market funded injection at these levels, must be moving towards the end game no. The final chapter of the scam has no begun then.

[waterloo01] 22/3/2018 09:00

lol not sure the allegedly is needed. I told a few to go short awhile ago (I don't short outside of VIX). Hope they make some money and I get a few free beers.

[pj 1] 22/3/2018 08:58

Maybe Nik-it-all Gandhi is nicking more than his share? (allegedly)

[pj 1] 22/3/2018 08:56

Orchestrated frauds involving a group of people often disintegrate as greed and jealousy kick in between the fraudsters themselves. The whole unravel then becomes self feeding including whistle blowing etc.

[waterloo01] 22/3/2018 08:51

It will get suspended shortly IMO, pending 'clarification of the financial position'.

[pj 1] 22/3/2018 08:48

MT's research spreading far and wide?

[escapetohome] 22/3/2018 08:45

0p ultimitely, all agreed on that.

[phowdo] 22/3/2018 08:44

New lows.

1p placing incoming?

[mount teide] 18/3/2018 12:03

The SFO and their Indian equivalent if they are smart, would look very closely at where Gandhi managed to secure funds in 2014 and 2015 to keep the lights on at his cash strapped shipbuilding business.

The MPL cash at that time was conveniently kept in Indian banks - as we know from the bank interest payments received in 2014/15 being at a rate 3.5% greater than a £million+ MPL loan extended to one of Gandhi's private companies at a interest rate of circa 5%.

The shipbuilding business teetered on the very edge of insolvency until a hugely humiliating fire sale of the company, immediately following the banks refusing to extend any further loans and poised, according to the business community, to move to take over the assets.

The sale was to an Indian entrepreneur who actually knows how to run and value businesses - he secured the sale at a massively knockdown price to the original build cost of the assets. Yet another Gandhi Investment disaster - funded as always with other peoples money.

[diku] 18/3/2018 11:00

So where is that £17mln....

[mount teide] 18/3/2018 10:49

Considering what has been achieved in two years at JNPT by the consortium of owners who contracted ITD as the principal project engineer the Special Fraud Office should be all over the Karanja scam like a rash, considering the same principal engineers were contacted for both projects.

Bear in mind that the new world class container terminal 4 at JNPT never saw more than 200 operatives on site at any time during its construction which started in H2/2015.

Prior to which Gandhi was scandalously claiming in early 2014 that land reclamation was progressing well at Karanja and within a few months would be ramped up still further with some 400-500 operatives on site - WHEN THE REALITY WAS THAT THERE WERE NO OPERATIVES ON SITE WHATSOEVER CARRYING OUT LAND RECLAMATION BEFORE 2015 BECAUSE THE SITE WAS TOTALLY INACCESSIBLE DUE TO A 50M WIDE TIDAL CREEK THAT REQUIRED BRIDGING.

THE FRAUDULENT STATEMENTS MADE IN 2014 BY GANDHI WERE SIMPLY A RUSE TO PROVIDE 'COVER' FOR THE £17M THAT GOT QUIETLY DRAWN DOWN FROM THE BANK LOAN FACILITY AND SPENT WITHOUT TRACE.

THIS IS WHY IN THE SUMMER OF 2014 THE CEO WAS PETRIFIED OF ANYONE GAINING ACCESS TO THE SITE TO TAKE PHOTOGRAPHS BECAUSE HE KNEW IT WOULD EXPOSE THE LOAN DRAWDOWN SCAM TO THE TRANSPARENCY OF DAYLIGHT - EVEN GOING SO FAR AS TO BRAZENLY MISLEAD INVESTORS BY CLAIMING SITE PHOTOGRAPHS COULD NOT BE TAKEN DURING THIS PERIOD BECAUSE THE LOCATION WAS TOO CLOSE TO A MILITARY ESTABLISHMENT. DON'T FORGET THERE WAS NO MENTION IN ANY COMPANY STATEMENTS OF THE £17M LOAN DRAWDOWN OTHER THAN IN AN HIGHLY OBSCURE NOTE BURIED DEEP IN THE NEXT SET OF ACCOUNTS AS A LOAN INTEREST PAYMENT DUE WITHIN THE NEXT 12 MONTHS!

Why the SFO is taking so long to move on this blatant scam remains a complete mystery considering the quality of the material they were handed to work with - that it took them 9 years to bring the Barclay's fraudsters to court shows how slowly the wheels off motion can and do move in that organisation.