Octagonal Share Discussion Threads

[uu4] 07/11/2022 06:46

You not alone. This is an example of a 'shared religion' gang. Lenigas helped them list, and they promised dividends straight away. They also promised us all that they were a new growth company with open shareholder make up ready to grow by adding value and raising further capital with equity at higher share price so rewarding initial investors. Lenigas helped them get a banking license. We all knew after 2008/9 that more banks less interlinked were needed. So good prospects??
What actually happened is that Gunn and Barbie organised that they would buy back a shareholder block from a listing supporter so they immediately regained majority control of the company. This move was premeditated and a direct fraud against listing participants. At same time they produced poor figures, (must have been materially different to one's shown Lenigas) and cancelled promised dividends. This insured they were able to buy the share block cheap.
Having secured fraudulently the ability to run to private status again Barbie and Gunn then start rewarding themselves and screwing remaining shareholders.
What is extraordinary is that the shared religions do not self regulate their representatives in business. Neutrals can't help thinking that propensity to small print cheat is being therefore defended by group. What happened here is history too
Has Lenigas been offered more shares on cheap to keep quiet. Maybe they plan get his help to public list again with all the old history swept under carpet and denied..

[quazie12] 21/10/2022 07:26

Its still there fool

[davidosh] 14/10/2022 10:17

Thanks Bedbel

[dave4545] 14/10/2022 10:12

Jeez they still plugging the matched bargain system. They could have set that up yonks ago.

Very sceptical with this lot, problem also with this is would anybody actually buy the shares off us at any price?

[bedbel] 14/10/2022 10:04

The meeting is at the offices of GIS, 200 Aldersgate Street, London EC1A 4HD on 20th october 10.00 a.m.

Comment from Nilesh,FD: The GM’s purpose is to reorganise the capital and set up an “off market matched” bargaining share transfer programme. We will also be available to take shareholder questions.

[festario] 14/10/2022 09:52

I've mentally written it off David, and I'm out of the UK from next Weds for three weeks in any case.

[dave4545] 14/10/2022 09:51

Waste of time, they will probably not turn up and send in the tea boy to fob you all off.

It will probably be similar to BAGR AGM, boss turned up and then said nothing and vanished after minutes, we must have been nuts to carry on holding stock, should have sold the lot there and then. They do not care, never will care.

[davidosh] 14/10/2022 09:46

Festario....I am surprised you do not want to attend judging by your previous posting

Festario8 Nov '21 - 21:16 - 325 of 420

I have six figures to lose here, if the value is stolen from shareholders.
In effect, it already is stolen from shareholders, because of Gunn’s complete contempt for us all.
Therefore I expect we will need to take action, and I’m quite prepared to throw a few more thousand quid in, in order to wrestle back some of my investment from the odious Gunn.

[davidosh] 14/10/2022 09:43

Where is the meeting? I have 1,500,000 shares so certainly worth getting an update and asking questions

[festario] 14/10/2022 09:28

Thank you Bedbel for this excellent initiative.I hold a residual 400k shares (from memory) and I'm hoping that there is some value in them in the medium term.No AGM for me, I don't even know where it is if I'm honest.

[bedbel] 12/10/2022 18:33

Hi all,

I am visiting the agm next week and would like to know if others on this BB are also attending. How bigger your shareholding the more reason you should be there.
I talked to JG on September 1st when he explained an informal meeting was to be scheduled to meet shareholders to discuss the way forward!?. Later I've received the agenda and asked for some details about the resolutions but a week later still no answer.
Apparently GIS had a very difficult time and lost a lot of business but now they were on the up again, especially the custodian part was doing very well.

It would be good if we could meet just before the meeting to discuss things. It would even be better if we could speak to MR ROGER JOHN BARBY about his voting plans because he holds 10 % of the shares.

Hope to hear from you all,

PS: I am not sure if the dividend is really cancelled. The previous years they decided in december to pay.

[festario] 07/10/2022 13:02

None of which helps us though does it?

[quazie12] 07/10/2022 12:46

it wouldnt surprise if he now regrets delisting

[quazie12] 07/10/2022 12:45

IMO I think with what has happened and the dilution we seem to be facing with the various proposals, JG has pretty much burnt his bridges in terms of coming back re listing and tapping cash from the markets again in future in the company's present form. No doubt there will always be a broker in it for a fee and someone will believe the blurb but I doubt it will be any of the existing retail investors hereshareholders. Given what has happened with the US business shrunk/disappeared overnight,

[dave4545] 06/10/2022 10:59

I emailed the company years ago.

Still no replies to any emails or phone calls

[quazie12] 06/10/2022 10:42

I have e mailed the company about attendance. If I do not hear from them by end of week then I will phone Monday morning. I suggest anyone else here to the same whether you can make it or not

[festario] 04/10/2022 22:04

Where is the meeting?Shareholders have a constitutional right to attend any AGM

[dave4545] 04/10/2022 19:31

Can we go to this meeting ?

[substp] 04/10/2022 18:47

GM on the 20th of Oct.

The resolutions to be voted on at the meeting are as followed:

1. To adopt new Articles of Association
2. To issue Bonus shares to credit the merger reserve
3. To cancel the bonus shares issued above
4. To authorise the issue shares to Management/ Employees under employee incentive plan
5. To authorise the directors to allot shares pursuant to section 551 of the Companies Act 2006
6. To disapply pre-emption rights pursuant to section 560-570 of the Companies Act 2006

[dave4545] 14/9/2022 14:29

Oh I have a full time down ticker quazie, they follow me around and vote down all my posts within minutes.

Know who it is too :-))