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Share Name Share Symbol Market Type Share ISIN Share Description
Octagonal Plc LSE:OCT London Ordinary Share GB00BWWCHQ23 ORD 0.05P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 5.8 0.6 0.1 16.7 6

Octagonal Share Discussion Threads

Showing 6901 to 6923 of 7100 messages
Chat Pages: 284  283  282  281  280  279  278  277  276  275  274  273  Older
DateSubjectAuthorDiscuss
24/12/2020
15:43
Festario I'm sorry as you were late in this stock and bought millions like I did. I actually thought as trade had all but dried up Gunn was going to make a offer on what he did not have left but sadly it was a lot worse than that. It did actually touch 1.05p to sell high after the bad news and I should have just took it and moved on with the last of my stock but looks like another loss. Be worth the while if Gunn went to prison as some of you suggest but they never do, they get told off then are allowed to continue and move to another company
dave4545
24/12/2020
15:35
Reading the detailed SEC summary of allegations, it looks like the FCA have been assisting. GIS will almost certainly be closed down, in my view. It almost appears like GIS is involved with clearing transactions with dodgy counter parties. This might explain why you never heard who their customers actually were! Interesting "As set forth in the complaint, by clearing through GIS, a customer could purchase securities valued at 20 or 30 times the equity in the account. U.S. customers allegedly chose to clear their trades through GIS because of the increased leverage available, even though GIS purportedly charged higher per-trade fees than U.S. firms."
topvest
24/12/2020
15:17
Well there you have it. Maybe this is the real reason for the delisting. GIS never felt right. Who were they doing business with and who would trust them? A separate audit firm for the parent and subsidiary to muddy the water. An inability to prepare or file accounts. Involvement with a number of dodgy start-up's. A failed attempt to start a retail bond. The CEOs wife doing the accounts. Unfortunately, it looks like the game is up for Gunn and his fellow workers.
topvest
24/12/2020
15:13
No consolation to ordinary shareholders though.I'm sure all assets will be immediately frozen and eventually forfeit.Anyone dumping at 0.4p the other day were laughed at, but they will be seen to have been the lucky ones in time to come.
festario
24/12/2020
15:09
Several of them going to jail I'd say.This is Bernie Madoff stuff.
festario
24/12/2020
14:58
"...The GIS team have administered 250,000 transactions with settlement values exceeding £50 billion over the last three years." https://www.gisukltd.com/services/clearing-and-safe-custody
someuwin
24/12/2020
14:52
Well, I think that providing clearance & settlement services for billions of dollars must be an exaggeration, for Gis might have been making some money, but nothing like what would be the result from billions. But this may be small compensation if wrong doing is found even on a small scale, which the SEC is hellbent on trying to establish judging by the list of expensive lawyers involved in their investigation.
a1samu
24/12/2020
14:40
What's the SEC implication?
truckle1
24/12/2020
14:36
Sorry to hear that Fest. I think you're right though, this must be curtains for OCT, GIS and Gunn... "According to the complaint, from at least 2015 through 2019, GIS-a financial firm located in the United Kingdom that has never been registered as a broker or dealer in the United States-provided clearance and settlement services to hundreds of U.S. customers for trades primarily between U.S. buyers and sellers and involving billions of dollars' worth of securities."
someuwin
24/12/2020
14:32
I'd say John Gunn is going to jail.But sadly, we won't see a penny from our investment. This is bust, and evidently a scam.Thats three companies I've been wiped out on, on three different Xmas eves.PRG, OXS and now OCT.Can you see why I dread Xmas?
festario
24/12/2020
14:25
Ho Ho Ho Happy Christmas Mr Gunn and to the good lady Anastasia. Hope the chickens coming home to roost dont push you out of your home - its called schadenfreude :-)
swiss paul
24/12/2020
14:03
John Gunn is a proper cowboy & should be sacked immediately, the only question is by whom? Probably the FCA will put a prohibition on him to act! Can you imagine in his defence Gunn will be saying that I aided and abated billions of dollars, but that it is all right, I am still OK to pay a dividend?
a1samu
24/12/2020
13:52
Sounds a lot more serious than the RNS implies. "Billions of Dollars"!!! "SEC Charges UK Financial Firm with Acting as Unregistered Broker-Dealer in Clearing Billions of Dollars in U.S. Securities Transactions Litigation Release No. 24996 / December 23, 2020. Securities and Exchange Commission v. Global Investment Strategy UK Ltd. and John William Gunn, No. 1:20-cv-10838 (S.D.N.Y. filed December 22, 2020) The Securities and Exchange Commission today charged Global Investment Strategy UK Ltd. (GIS), a London, UK-based financial services firm, for clearing and settling billions of dollars of U.S. securities transactions without registering as a broker-dealer in violation of the federal securities laws. The SEC also charged John William Gunn, its founder and principal, with aiding and abetting those violations...." https://www.sec.gov/litigation/litreleases/2020/lr24996.htm
someuwin
24/12/2020
13:41
This will run & run and if I will not get the dividend neither will cowboy John Gunn who is clearly not up to running an international enterprise.
a1samu
24/12/2020
13:41
This will end up with nothing for the shareholders unless John Gunn will sell out to a respectable operator, who knows what they are doing!
a1samu
24/12/2020
13:37
Explain please.
truckle1
24/12/2020
13:26
Poetic justice
langland
24/12/2020
13:25
Well we got the announcement and it just muddies the waters further as the shares will remain suspended, probably until after the meeting to decide whether the company is to delist. Company seems fairy certain that there have been no breaches of SEC rules and hopefully this will go away quickly and not absorb too much of that cash pile. Have a great Xmas and New Year everyone.
gary1966
24/12/2020
13:16
That doesn't sound good.
terminator101
24/12/2020
13:13
The might of the SEC weighing on GIS Events will be interesting in the coming weeks.
29palms
24/12/2020
11:45
Maybe.....just maybe, John William Gunn has been burning the midnight lamp looking over the QCA Code(Quoted Companies Alliance Code) http://octagonalplc.com/wp-content/uploads/2017/09/CORPORATE-GOVERNANCE-REPORT-14.12.20.pdf Principle 1 for me says it all- Strategy and business model to promote long-term values for shareholders. Principle 2 is pretty damn good as well- Meeting and understanding shareholders needs and expectations. Last but not least, Principle 10 - Shareholders Communications. The Company recognises that its shareholders are imperative for future growth and prosperity of the Company. The shareholders are treated equally both in relation to participation at meetings and in the exercising of voting rights.
29palms
24/12/2020
10:19
Maybe that narrows it down to an offer from JG to buy out minorities. Mind you I am pretty sure someCompanies declared then suspended and later cancelled declared divis at the start of C19
quazie12
24/12/2020
09:48
This is J GunnIts more like 10/90 good/badAlthough whatever it is it will be good for at least one person
terminator101
Chat Pages: 284  283  282  281  280  279  278  277  276  275  274  273  Older
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