Mercantile Ports & Logis... Share Discussion Threads

[my retirement fund] 13/1/2022 13:24

It's a real shame really as its all the wealth of our country being syphoned out that could actually be helping generate opportunity and careers for the British and of course generate British taxes and further the wellbeing of the UK generally, so as frauds go it a nuisance we do not have a system with checks and balances to stop these kind of scams.

[danmart2] 13/1/2022 13:08

Without doubt the worst company to invest in on the London stock exchange.

[diku] 13/1/2022 09:21

Time for another name change?...

[my retirement fund] 13/1/2022 09:16

I'm sure they are already out there partying, having hired a whole floor of the Crown Plaza with what's left of the recent monies from the most recent placings for moral support and to ensure the best lawyers are on call.

[mount teide] 13/1/2022 08:41

As we move into year 11 of the disingenuous management doing nothing more than losing all their 'investors' money by, lets be generous, impersonating 'Port Developers', here's an idea...... the Board could perhaps use their time more productively by giving Pavin Bakhshi, their former CEO and now highly paid MPL 'Consultant' moral support, by flying out to New York for Pavin's upcoming trail in the US for allegedly carrying out a $300m securities fraud, while he was telling his shareholders he was busting a gut running MPL.

Bakhshi will need all the support he can get as the US courts have a 98% conviction rate compared to just 61% in the UK.

[my retirement fund] 13/1/2022 08:05

What does DVI think now? Yet another averaging down opportunity for some.

[mount teide] 13/1/2022 08:03

Trading Update - Revenue warning......all completely predictable if you've been reading Advfn!

When will these clueless II's ever learn!

New all time low price - now over 99.9% down ex the IPO!

[mount teide] 04/1/2022 20:23

Nearly, 99.9% down post the IPO, 99.74% down post the initial £37m placing, 87% down post the next $32m placing and 45% down following the placing of just three months ago!

All completely avoidable if the clueless II community had, as suggested to them, contracted a consultant Marine Civil Engineer to carry out a cost analysis of the work completed to date. Would have cost them £15k-£20k - a pittance .....just 0.03% of the losses they has since racked up from just the additional placings!


AIMHO/DYOR

[danmart2] 04/1/2022 19:48

Correction, the worst investment around.

Are we at 99.99% loss since IPO yet?

[danmart2] 20/12/2021 18:21

Possibly the worst investment on the entire London Stock Exchange

Avoid this company like the plague

[mount teide] 17/12/2021 10:01

Now down 40% from the recent placing !

Back in late 2016, two shipping and port industry friends and I (all 40 year veterans of the industry with extensive senior management experience) during phone calls lasting hours, explained to the largest II's that they would lose all their clients money and how we knew - they subsequently refused to act on our advice and then compounded the problem by doubling down twice in subsequent Placings. These guys collectively bought £tens of millions at the IPO at £2.50 a share and are now down 99.8% on that 'investment' and 98% on the first placing 'investment', and 90% on the second placing 'investment'.

The sharper eyed will note the current market cap of £13m is less than half the bank debt drawn to date before the ever savvy banks, that have a Lien over the 'assets', embarrassingly put a complete stop on any further withdrawals. It is now at a level that is just 40% of our estimation of the current market value of the construction work completed to date!

Why did they do that?

Answers on a postcard to the Mumbai Fraud squad.

[mount teide] 24/11/2021 12:00

Former MPL CEO, professional liar and shyster and now highly paid MPL consultant Pavin Bakhshi's jury trial in connection with charges that he and three accomplices carried out a $300m securities fraud in the US, has been scheduled to commence on 15th Feb 2022 before Judge Madeline Cox Arleo.

Only Bakhshi and Parmjit Parmar will undertake the jury trial as the other two alleged fraudsters are currently fugitives from justice, hiding from law enforcement!

[seeriktus] 19/11/2021 01:39

Some newish photos I hadn't noticed before,

Trucks for surfacing materials (Aug 2021)

hxxps://goo.gl/maps/3eXBwyMRwMgwTQuM8

Hard surface partly laid at site (Oct 2021)

hxxps://goo.gl/maps/oePdLL6V9QuwXQva7

[seeriktus] 17/10/2021 01:00

@myretirementfund

Hunch Ventures did the bulk of the primarybid, they've been the main instutional investor these years. "Hunch Ventures is controlled by Karanpal Singh, Non-Executive Director".
hxxps://polaris.brighterir.com/public/mercantile/news/rns/story/xj3937w

Buy enough of this trash and you too can become a director. Come get your share of the "Other Administration Costs".

---
Re the report: Photo 3 is a stock photo of a bulk carrier you can buy on Alamy

hxxps://www.alamy.com/stock-photo-flag-malaysia-type-bulk-carrier-imo-9253404-mmsi-533051800-call-sign-129638502.html?irclickid=URwT7S27rxyIWsXSfqTut39BUkBS162w2xP73U0&irgwc=1&utm_source=77643&utm_campaign=Shop%20Royalty%20Free%20at%20Alamy&utm_medium=impact

[danmart2] 16/10/2021 20:34

Primary bid

Does anyone who invested in the primary bid latest raise for MPL have a copy of the proposal?

No mention of MPL on the primary bid site.

[danmart2] 14/10/2021 16:46

Is aim the culprit or the company who carried out the latest share raise?
I can’t remember which company it was.

[my retirement fund] 14/10/2021 14:54

To be able to do another fundraising which obviously begs the question if it was actually real and money actually did change hands because it seems hard to believe it really happen, then all I can say is AIM must be one of the biggest fraud platforms globally, it must be even more fraudulent than that under the counter pink slips exchange they have in the US.

[waterloo01] 14/10/2021 08:42

MPL still peddling lies then. Quell surprise.

[mount teide] 14/10/2021 08:36

2020 Annual Report

Photo 1 is of a coastal container carrier approaching a river container terminal - Karanja Port does not have any quay container cranes or storage compound container handling equipment to handle this type of vessel.

Photo 2 is of a deep draft bulk carrier discharging grain at a purpose built bulk
cargo terminal.
Karanja Port has no automated bulk cargo handling equipment to handle such vessels and would not be able to receive a vessel of this size due to Karanja Creeks's severe draft restriction.

Photo 3 is of a deep draft geared bulk carrier discharging a timber deck cargo - this type of deep sea vessel would also not be able to get within 3 miles of Karanja Port without running aground due to the fact that Karanja Creek is only dredged to 3 meters. Even at high water there would only be 6 metres of available water in the creek - totally insufficient to accomodate anything other then barges and small coasters.

AIOHO/DYOR

[tiltonboy] 08/10/2021 09:05

Reminds me of another group of wrong 'uns years ago who posted pictures of properties they claimed they were acting as agent for.

What were the chances that I had been to one of the hotels, situated in Costa do Sauipe, Brazil, which they claimed to be something else. I even got slaughtered on the BB...until people realised. The fraud didn't last long!

[mount teide] 08/10/2021 08:01

2020 Annual Report

It would be a demonstration of duplicity on an industrial scale were the Board to have elected to use blurred photographs of other working ports in the Introduction to the 2020 Annual Report and NOT their shareholder's operational Karanja Port!

The fact they did use just blurred photographs of other working ports is breathtakingly disingenuous!

[danmart2] 07/10/2021 12:45

They have done well to fund another 12 months, how long before they release an RNS of BOD resignations?