Mercantile Ports & Logis... Share Discussion Threads

[diku] 15/12/2018 14:04

Guys does anybody know name of Company in the health care sector?...where is the Directorship disclosure...


The Company understands that Mr Bakshi was detained, charged and released in the United States in connection with an investigation into securities fraud concerning a company in the healthcare sector,

[deepvalueinvestor] 13/12/2018 15:34

Good news, Jay is finally in charge. I think it’s fair to say that Pavan has not got a large fan base amongst investors. All we need now is....some revenue?!

[azalea] 13/12/2018 14:21

If he has been charged and then released without bail being imposed, then someone must have made a mistake in the first place. Anyone charged in the USA involving financial matters would need to take a break from work, its no laughing matter. If the SEC need to speak to him, they can do so in the U.S. embassy.Failing that, they could seek his extradition. In the US its often a case where one is found guilty unless proven innocent.

[waterloo01] 13/12/2018 14:00

Whatever, he learnt from a Master in Mr NG.

Edit@ Wonder if this was actually known while they were raising money?

[pj 1] 13/12/2018 13:59

It couldn't be related to Paul Parmar and CHT Constellation health care could it?

[effortless cool] 13/12/2018 13:43

"The board is confident that the strength and depth of the team on the ground in India will ensure that these changes have no impact on the Company's project at Karanja".

No strength + no depth = no impact. 100% correct.

[phowdo] 13/12/2018 13:42

Why does this not surprise me in the least?

[pj 1] 13/12/2018 13:34

Will he turn out to be a scapegoat for the MPL missing £millions? It at least looks as if Greed was taking over if true.

[fft] 13/12/2018 13:24

Wow !!The Company has been informed by Pavan Bakshi, Managing Director of the Company, that he wishes to stand down temporarily from his role with immediate effect.The Company understands that Mr Bakshi was detained, charged and released in the United States in connection with an investigation into securities fraud concerning a company in the healthcare sector, completely unrelated to Mercantile Ports. Mr Bakshi denies any wrongdoing but, in order to properly defend the allegations, he has informed the Company of his wish to temporarily step down from the board.

[phowdo] 04/12/2018 11:12

Nothing dodgy here. The smell is just bad sewers.

Remember these lot are audited by Grant Thornton who successfully audited CAKE and GBO and confirmed that those companies were in no way fraudulent.

[waterloo01] 04/12/2018 10:57

And the dodgy dealings continue.

[mount teide] 04/12/2018 00:36

DVI - you said the very same thing after the shysters published AIM's greatest work of fiction with its £37m price tag in October 2016.

With respect, I suggest you go back and re-read that document and keep re-reading it until its fantasy world contents compared to subsequent reality SINKS IN!

Having spoken at considerable length to the fund mangers of some of MPL's largest II's i can say with complete confidence their knowledge of this highly specialised industry is on a par with the executive management - non existent.

Since 2010 SPL/MPL has been a case of the shysters leading the blind!

[my retirement fund] 27/11/2018 17:21

DVI has lost a fortune, so its a case of hope springs eternal by subconsciously trying to deny reality.

There was an internet dating scammers insight last week on the TV. All the victims were in complete denial. There was even some poor old fella who had been scammed to the hind teeth by one group of Nigerian scammers only to be scammed by another lot a few months latter purporting the almost identical scam!

Its seems some people once caught can never escape the clutches of the perpetrators no matter how badly they become victimized by such fraud.

[my retirement fund] 27/11/2018 13:35

This is the end game imo. Its about controlling parties using smoke and mirrors to keep friends at banks happy whilst the company takes its final journey via administration in order to cleanse itself of all those pesky public shareholders whom have been mugged of tens and tens of millions of pounds of cash.

[diku] 27/11/2018 13:28

The next thing they will do is a share consolidation...start all over again...

[stewjames] 26/11/2018 21:48

Wow. How does this company still exist?

I know AIM is supposed to have much lighter regulation, but you'd think they'd care at least a tiny fraction about maintaining some standards.

[mount teide] 20/11/2018 14:43

For the record have received an email today from the disgruntled former employee who has seen Oliwin's first Advfn post - in it he strongly speculates as to who the writer is - the name given will come as no surprise to many here or us.

Indeed, from the perspective of a professional challenge, it's a little disappointing on conducting a forensic analysis of the post, that Oliwin failed to employ even a little sophistication by attempting to hide behind some 'new investor' nonsense.

By revealing a very detailed understanding of over 3 years of our posts and research - its obvious that the poster is far from the 'new investor' they claim to be.

Additionally, readers will note the writer has made no attempt whatsoever to explain the management's 100% success rate over the last 9 years of failing to deliver against a single financial or operational target used to support the raising of £135 million to date or, more importantly produce any plausible explanation for how most of that cash has been spent.

'You keep mentioning your group's collective experience- Why is that relevant? Reading between the lines, were you angling for a job with MPL and they turned you down?'

You and many readers are clearly not aware that i was approached some 2.5 years ago by a group of PI's/II's with large shareholdings in the company to replace the CEO, who understandably, they had lost all confidence in as a result of being found to be a proven liar, never mind someone with no professional experience whatsoever of the industry. I immediately turned them down on the grounds i was happily retired but promised to help in any other way i could. Post that meeting, virtually all of the PI's in attendance with large holdings have since sold, all at a considerable loss.


AIOHO/DYOR

ps in his podcast yesterday - the Sheriff of AIM, like the Taj Mahal white gloved butler considers this latest Placing and Open Offer as a last throw of the dice desperation measure to keep the lights on and the 9 year and counting management gravy train running a little longer.

The fool Oliwin asked where our knowledge of management's near £3m of expenses to date since IPO came from - Oliwin, TRY A WILD GUESS LIKE MPL's OWN PUBLISHED ACCOUNTS! That is, up until 2 years ago when, after many shareholders pointed out the scandalous expenditure, management elected to stop separating out it's reporting in the accounts!

Oliwin - if you carried out any research worthy of the name you would find that while the previous two NEDS may have previously held positions in the Industry, they personally held NO shipping or ports industry professional qualifications whatsoever - having to rely on others for that professional expertise or in the case of James Sutcliffe - pay for it. Consequently, with the Mumbai Mamba and them at the help aided and abetted by the chuckle brothers 'management' team it was no surprise that they collectively presided over a 99.2% destruction of the share-price since IPO for what is a simple real estate project.

Also you might like to explain how after 'spending' £135m to reclaim 90 acres and part complete 50 acres of that for open storage, how the management has the gall to claim that if the market gives them just another £27m they will have enough to complete the entire 200 acre site! They said the exact same thing in October 2016 when attempting to raise another £37m!

With regard to the latest shareholders circular, I suggest you speak to the management of the JNPT Container Terminal because the last time we spoke to them, unlike the clueless MPL management, they see no prospect whatsoever of their port providing Karanja with spillover container business; as since the opening of their new 225 acre container terminal earlier this year (built in just 2.25 years), the huge additional storage capacity has eliminated all the previous congestion issues.

[vijay4teli] 20/11/2018 14:42

I heard some thugs are selling Eiffel tower.

[oliwin2301] 20/11/2018 14:13

PJ 1 - I'm betting my investment works from here on.

Still waiting for MT to respond!!

[tiltonboy] 20/11/2018 13:23

"The past doesn't matter"

Biggest laugh I've had for years.

[pj 1] 20/11/2018 11:49

Oliwin2301
20 Nov '18 - 11:37 - 1323 of 1323
0 0 0
I am not a disgruntled fund manager. I am a private investor and I'm taking a position in this stock. The past doesn't matter. I'm coming in at a 8m market cap, which makes it imo a good bet. I've done my diligence and I've been to Bombay. I've spoken to management. And I intend to defend my position against the seemingly motivated and baseless analysis being thrown in by MT and his band of followers who seem to know nothing about development in India.
=================================================================================

"which makes it imo a good bet" So, it's not an investment then, just a bet?

[oliwin2301] 20/11/2018 11:37

I am not a disgruntled fund manager. I am a private investor and I'm taking a position in this stock. The past doesn't matter. I'm coming in at a 8m market cap, which makes it imo a good bet. I've done my diligence and I've been to Bombay. I've spoken to management. And I intend to defend my position against the seemingly motivated and baseless analysis being thrown in by MT and his band of followers who seem to know nothing about development in India.