Octagonal Share Discussion Threads

[dave4545] 01/8/2021 09:16

Thanks Bedbel.

I'd be happy if Gunn just bought us out for a fair price and we can move on.

[bedbel] 01/8/2021 09:00

Gentleman,

The AR is from GIS, it is not from Octagonal.
They paid a doubled dividend to Oct, maybe to make sure that Oct can pay the same dividend this year.
In note 25 they state they made a provision of only $1,000,000 for the SEC action. Even the auditor makes no mention of it, so it seems business as usual.

So we have to wait for the final outcome from the SEC case and probably the ongoing business will be a lot less profitable. I think Synergis will be written off.
But after all it does not look that bad.

[dave4545] 01/8/2021 08:21

"day of reckoning"

I'll save others the bother of checking but I went through both Hargreaves and iii and both had their 0.1p dividend paid in mid Jan as promised by the company.

Now that is £568k as 568 million shares in issue.

But according to these accounts £1.2 mil has been paid, lets assume the £32k extra is admin charges they are saying they have paid another 0.1p but there is nothing in either account.

Very very dodgy this.

[truckle1] 01/8/2021 08:12

There will be a day of reckoning.

[festario] 01/8/2021 01:30

The Directors do not intend to pay a dividend in respect of the year to May 2021.Despite an increase in revenue of 46% ?So, there is no point in holding these shares, nor is there a mechanism to sell them.This appears to be the biggest con job I've ever come across.

[dave4545] 31/7/2021 20:00

Something is not right ?

Section 11 dividends says £1.2 mil has been paid in 2021.

Well that is 0.2p per share

I got that 0.1p in January but will total shares in issue under 600 mil that is half of what they are saying. I've just logged in my Isa just to double check that another dividend has not been paid and there is no second dividend.

Have I made a mistake reading the PDF ?

[bedbel] 31/7/2021 19:43

Annual report GIS
Interesting reading

[truckle1] 07/7/2021 11:22

Still no news on the SEC?

[epo4eva] 07/7/2021 10:47

It's under Octagonal Limited companies house.

[epo4eva] 07/7/2021 10:46

Has anyone seen the list of shareholders on Companies house in the latest conformation statement.
It looks like Pershing nominees or holding all 326,755,310 of Gunns shares.

[truckle1] 19/6/2021 10:10

Does anyone have a date for the trial?

[festario] 19/6/2021 09:27

That's about the ratio I work on.The latest of several write offs for me.Frustrating to see it sitting there reminding me in my trading account.However, is a final dividend not due to us around now?

[dave4545] 19/6/2021 09:11

Personally I cannot see the issue with giving somebody 167 times their margin.

So long as if a position goes badly wrong they pay the money back in the next 100 years :-))

After reading that PDF earlier I've decided it is a total write off unless they get fined say £5 mil, stay away from US and Gunn buys stock he does not own back or they return to the market.

I'd say 95% write off 5% miracle now

[terminator101] 19/6/2021 08:51

https://www.sec.gov/litigation/complaints/2020/comp24996.pdfThe net is closing in on Gunn

[dave4545] 19/5/2021 09:22

As far as I'm concerned this lot could well have cash the same as market cap and as Gunn owns more than half of them they could buy us out and let us move on.

I've emailed them for years, set up new email accounts and emailed them never had a response, I've called them and got nowhere.

How do these people walk around, if it was me I'd not sleep at night worried somebody I conned is coming for me.

[festario] 19/5/2021 08:42

Nicely put!

[someuwin] 07/5/2021 13:34

The GIS websites have been updated recently with new content. And they've even been active on their twitter account (something they never did when OCT was listed). So I would suggest there's still hope for those still holding the stock (not me).

[dave4545] 07/5/2021 13:21

Try and speak to them, I've given up

[festario] 07/5/2021 13:14

Any idea how this scam is performing these days?We are all in the dark now.Still no scheme to trade our shares either.Criminal really.

[quazie12] 22/3/2021 12:18

They didnt actually promise that, off the top of my head it was more that any matched bargain service wouldn't be before 31st March.

[festario] 11/3/2021 11:38

Absolutely nothing issued on that subject.Which means, if this company is a scam, then the zero value of my shares in my account is correct.If it's not a scam, and still operating profitably, then my shares are worth more than I paid for them.But how would we ever know, and that's EXACTLY how John Gunn wants it.

[quazie12] 11/3/2021 00:32

What is it you want an answer to ?