Mercantile Ports & Logis... Share Discussion Threads

[waterloo01] 18/7/2017 11:31

If you are in a hole, stop digging, or as Arden would suggest, 'dig deeper'.

MT have you had any response from your excellent letters to regulators?

[mount teide] 17/7/2017 10:08

Papy02 - thanks, yes a typo - as you say it should have been October 2016!

Will edit accordingly.

[papy02] 17/7/2017 10:00

3rd para from last. Oct 2017 s/b 2016?

[orinocor] 17/7/2017 09:45

An astonishing and brilliant summary. I especially like the use of the word "smorgasbord".

[mount teide] 13/7/2017 14:51

That's a no brainer - the one who has NO criminal record and an International property portfolio to shame most billionaires.

And who shamelessly charters a Boeing 767 once a month to visit Singapore at taxpayers expense for which she takes $4m spending money in cash courtesy of the Zimbabwean Treasury, along with over the last few years, an estimated US$750m of uncut diamonds stolen from the Nation's Marange mines.

The one who owns numerous large Gold Mines, private schools and game reserves. Has seized dozens of luxury bank properties and owns at least five 50 bed mansions in Zimbabwe and South Africa and over 20 Zimbabwean farms with a combined acreage greater than Wales, but second in size to Zimbabwe's largest land owner and her financial and investment property 'advisor' - a notorious British criminal and ex shipping industry careerist who had his UK murder conviction quashed on appeal, and who is still the largest 'slum' landlord in the UK, for which he has criminal convictions, including one for throwing a live grenade into the living room of a tenant who had temporarily fallen behind with his rent, and had failed to respond positively to a brutal beating from the landlord's thugs by electing to pack his bags and leave.

A man like Gandhi who also left school without any qualifications, to commence a career as an Able Seaman on British tankers. And who in the early seventies bought a large area of prime publicly owned beachfront land from corrupt public officials in Jamaica for a few £thousand pounds, which he financed from his very modest seaman's salary, and which by the time of his 21st birthday, was the subject of interest from a major US hotel group who wanted to open up Jamaica as a travel destination. The young seaman told them to make him an offer he could't refuse - they did £5m - the rest as they say is history.

[azalea] 13/7/2017 12:45

Who has made the most money from their 'career' choices, N. Ghandhi or Grace Mugabe?

[igoe104] 13/7/2017 09:09

Just watched Joanna Lumley in Mumbai, on catch up.

So much money and new buildings popping up, couldn't help thinking of these, and thinking what a waste of a great opportunity, a decent port would be perfect.

[escapetohome] 12/7/2017 10:00

Buyer also beware.

No use trusting nomad, they are all part of institutions.

I would encourage the private investor to research the bod prior to investment.

Nomad is crooked.

I can see now investors want their money back and one way would be to sue the nomad.

[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?