Paragon Diamond Share Discussion Threads

[sclper] 07/2/2018 20:15

I'd be seething if I had believed Manduca and given him more cash for the loan notes. The funds were completely wasted and it seems like he deliberately misled investors again.

[club sandwich] 07/2/2018 11:27

most of them I believe have joined the class action (though of course I can't be sure as I'm not privy to the full membership list, nor should I be).

I think it's just Bryan and Barry left, nursing their £120k and £50k respective losses, still vainly hoping Manduca will deliver something: although even they must realise by now that he never will...

[sclper] 07/2/2018 06:12

What happened the loan note holders? The funds Manduca promised and were always "about to be transferred" by the mysterious investor never arrived. They must be felling pretty sore after being shafted by him twice.

[beeks of arabia] 06/2/2018 21:03

Any news on this pos?

[club sandwich] 24/1/2018 06:42

I am just one among many. And yes, the process is rolling along. And no, I'm not a quitter.

[festario] 24/1/2018 00:34

The process continues, and is in hand.Clubbie has other concerns other than this.He, like I is part of the class action, there is no overall leader of it.

[beeks of arabia] 23/1/2018 19:43

Maybe.

Although he doesn’t come across as the reliable type.

[ilovefrogs] 23/1/2018 08:35

Jfree - probably telling that the bit in your post which made most sense was '3PhUCbcJ1VAZv94gCcW3zojZFRwAQF4qwv' ;-)). I've seen better scam wording from the Nigerian's!!

Yes very quiet here Beeks, but I don't suppose Clubster is too far away - he doesn't strike me as a quitter. Perhaps negotiations with Mr Peyt/lawyers are at a delicate stage....?

[beeks of arabia] 22/1/2018 18:22

Judging by the lack of posts from Clubby since VRS went North, i’d Reckon he’s able to give up on chasing this one.

Not unexpected.

[beeks of arabia] 18/1/2018 15:24

Well you have the correct gullible audience here.....

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[beeks of arabia] 18/1/2018 15:08

Is clubby still leading this?Chortle!Although if superg is involved, be ready for some hefty hourly bills from the legal team as they read endless pages of waffle....

[ilovefrogs] 18/1/2018 09:46

Interesting......


Incorporated in Nov 2017. Never heard of the owner/Director though. Could just be someone completely unrelated...?

[ilovefrogs] 18/1/2018 09:42

All very very quiet here. Assume Peyt is still working away in the background, but I'm guessing no news probably isn't good news here!

[club sandwich] 15/12/2017 07:25

I see that Northland have been appointed Nomad to Obtala - which is highly ironic since Obtala was, of course, the source of the convertible bond Manduca bought which was the cause of the fraud and the reason for the current proposed class action against Northland.Small world...

[beeks of arabia] 28/11/2017 00:57

Wotcha.

What have I missed?

[club sandwich] 21/11/2017 10:48

Well that's what we'd all like, but I don't think that's how the process works ;-)

Personally I want it to be over ASAP, so I can put the proceeds into VRS ;-) But things rarely work out to my preferred timelines...

[festario] 21/11/2017 10:43

I'd like you to be proved wrong too CS.I want a swift and merciless targeted strike on Manduca and the negligent Northland.

[club sandwich] 21/11/2017 10:39

mailed PP over the weekend - just a gentle nudge to see how funding discussions were going. His reply:

"I'm talking to Capital again on Monday. They have been finalising an opinion with Counsel which can be used for funding and ATE purposes. We should then be ready to make formal applications."

So with any luck we're on track to have funding lined up by Christmas, CL formally on the case, and ready to roll engaging with Northland in the NY. As I've stated before I expect that to be a long, slow process - although I'd love to be proved wrong...

[club sandwich] 07/11/2017 06:32

Yep, should have greater clarity within next ten days or so.

[greenrookie] 07/11/2017 05:25

Short update from Peter by email. All good :)

[club sandwich] 27/10/2017 19:57

We're waiting to hear about this alternative funder, which PP thought might happen by early Nov. He's on holiday til next Friday - after that I'll catch up with him. Personally I'm hoping that by the end of this year everything might be in place to start engaging with Northland in the New Year. When I discussed that with PP over curry a few weeks back he thought that was realistic and that it could be sooner, so let's see. Getting CL to formally take the case (which requires funding of one kind or another to be in place) is the next hurdle - then of course if that happens we're into the long claim / denial / rebuttal of denial between CL and Northland, and I expect that to be a long, slow process. Personally speaking, if this is concluded by this time next year I'd be pleasantly surprised - but that's just my opinion.

[ilovefrogs] 27/10/2017 16:58

When will Peter confirm that the case is going forward CS?

[club sandwich] 27/10/2017 15:39

Had a mail from another s'holder today - with his wife owned shares representing c1% of the company. Three of his relations also had much smaller stakes: if they all come on board we'll be just shy of £1.7m by my reckoning (unless others have already joined since last time I saw a figure for the total: as I've said before Peter doesn't tell me who joins, nor should he).

More momentum for the class action. More chance of success (though obviously still not guaranteed).

Anyone else?