Plus Markets Group Share Discussion Threads

[harry f] 13/2/2013 15:28

...not sure if the Johnson/ Johnston is the same fella.

When I look I get one Johnston age 43 and then another age 49, then sometimes they drop the t and it's Johnson.

[old thumper] 13/2/2013 15:22

This whole thing stinks more and more, with Icap and Misra always knocking about.

[harry f] 13/2/2013 14:55

I'm just wondering what this is all about?

Dr Colin Johnston and Osman Rifaat are the 2 initial directors of "Global Markets Exchange Group Ltd" installed in mid August 2012. In late November 2012 they resign and Harrop, Misra, Angelo are installed as directors.

Johnston appears to be the ex CRO (Chief Risk Officer) at Icap, left in December 2011.

Also in Mid August 2012 "SDC international Exchange Group Ltd" directors are appointed. These are Misra, Harrop, Angelo, Johnston, Mathiesen, and Shyla.

In mid/ late November Johnston, Mathiesen, and Shyla resign, leaving Harrop, Misra, and Angelo as directors.

So there are 2 companies "Global Markets Exchange Group Ltd" and "SDC international Exchange Group Ltd" both with the same 3 directors. Wouldn't one company (Exchange Group) suffice?

Also there's the 2 GMEG subsidiaries setup in Sep 2012, Rifaat is the director of one and resigns in November, for the other Johnston and Rifaat are directors and both resign in Nov. In both cases Harrop, Misra, Angelo are installed as directors.


Then in late Nov 2012 Rifaat, Johnston, and Shyla setup Rcs Capital LLP.

[harry f] 12/2/2013 09:47

To be honest I'm not massively up on the detail behind all this but previously got the feeling from what I read that the banks were the main protagonists. Reading the comments below I'm not so sure that the authorities see it that way.


"It's very clear the brokers were an important part of this," said Andrew Verstein, executive director of the Yale Corporate Law Center.

"Regulators now believe the middleman role of interdealer brokers puts them at the center of the scandal, according to people close to the investigation."

[old thumper] 12/2/2013 09:33

Good, the old boy's club won't wash with the yanks!

[nitaroo] 08/2/2013 16:43

"...what CT's up to..."
Laughing all the way to the bank!

[old thumper] 07/2/2013 15:16

If only we knew what CT's up to these days?

[harry f] 07/2/2013 15:13

have a good one pjw.

i just don't get the whole thing, looks a right mess to me. and around the same time there was apparently a £1.25m offer in the background which was rejected.

the board would know they had something which over the last 12 months and more had not worked. either they wind up the operation and save costs, or alternatively they recapitalise if they know an offer is there in excess of this. recapitalising with £400k and then selling for £10k when there only ever seems to be one bidder (because they own the intellectual capital) does not make sense at all.

and this, along with other things, is why the rie lost going concern status. madness.

ts is as good as the same, misra comes in, has input into the strategic review, his company algo technologies charges for the works, no revenue streams are declared and then our directors sell it to him.

what planet are these guys on?

[harry f] 07/2/2013 14:30

i saw the icap rns this morning as soon as it came out. i haven't fully comprehended the impact as yet but despite the promising headlines im unsure of the effect of it globally as the company appears to be on a downward trend. one broker this morning (canaccord, i think) downgraded it from hold to sell.

i think your first link is excellent. and i do think they make an interesting point about the financial press hardly scratching the story. from the dealings i have the financial press just appear to be after the quick wins, and while many say they'd love to have the time to investigate their constrained in what they can do.

the whole Connors thing is a mystery, i understand he developed mtirs in conjunction with ftse, had it have been viable then the ftse would no doubt have implemented it, they didn't. then he was at kepler, it didn't seem to work there. then from that diary of a jailbird he said he'd tried to sell it and it didn't work.

so how did he end up at plus? what realistically could the existing plus board of directors see in it that nobody else could.

then you have the vardey pipeline angle. was pipeline capital and the rest of pipeline connected in some way and vardey recommended him?..... if this was the case then vardey would have in all likelihood known that mtirs was worthless. and another angle is why did Connors leave shortly (about a month) after vardey? and why did our old directors then pump in another £400k into something they knew hadn't worked in a year while Connors was there and seems something specific to him..... after all he ultimately bought it for £10k.

like your post says "curioser and curioser".

then there's bridge? why leave a good job at icap to join plus which could be down the pan in a couple of months? it would be interesting to know where he is now.

my feelings on dx are unchanged overall. i don't believe it ever had a chance, and the reason for its existence and continued funding appears to be nothing more than acting as a barrier to new non fsa approved directors being installed.

[harry f] 07/2/2013 14:12

forgot about that, I see.

thanks a lot.

[pjw1956] 07/2/2013 14:08

harry, he came from ICAP on Thu 26 Jan 2012 a week later Feb 03-02-12 PLUS Markets Group Commencement of formal sale process


PLUS Derivatives Exchange Limited Appoints Gavin Bridge
Thu, 26 Jan 2012 04:58:52 GMT - News Articles

PLUS Markets Group plc today announces the appointment of Gavin Bridge who will be responsible for Business Development at PLUS Derivatives Exchange Limited ("PLUS-DX").

Mr. Bridge has over 20 years' experience of working with financial derivatives, joining PLUS from ICAP Energy where he worked with renewable energy, emissions markets and oil derivatives. Previously, Mr. Bridge worked in New York on the interest rate swap desk at interdealer brokerage firm, Tradition.

Mr. Bridge will work alongside VJ Angelo who was recently appointed as a consultant to PLUS-DX.

gavin bridge, bridge, oil, renewable energy, plus markets group plc, tradition, plus derivatives exchange limited, new york, finance, derivatives, icap, plus markets, plus, plus markets group plc, tradition s.a., consultant

[harry f] 07/2/2013 14:01

im responding and wondered how bridge fits into it all? I remember the name.

what info have you got on him.

[harry f] 07/2/2013 11:02

pjw

just been looking at pipeline/ aritas. not sure if it's been posted before but a dark pool scandal broke in late 2011:



roll on a few months and a change of name to aritas and the company is sold off:




as with gmeg etc there seems to be shedloads of different associated companies and llc's flying around too. pipeline this, pipeline that.

the scandal probably explains why hooper and vardey left aritas

https://www.duedil.com/company/06697676/aritas-financial-ltd/people


what I would like to see, if a link exists is a connection between clive Connors "pipeline capital llc" and one of the pipeline companies. (aritas)

[harry f] 06/2/2013 15:48

thanks pjw, I never knew.

as usual he aint suffering fools, then again he's been through the learning curve a long time ago.

what people fail to appreciate is that there's what? 10 of them and only one of him so they think they'll wear him down with lies and he'll just go away. for most people it would work, for him it wont..... which takes me onto.....


the pc fox post at 14.20 today on iii which is just fabricated rubbish:

"This shell is uninvestable. There are no assets, no cash, no business plan (beyond "we are going to acquire assets"), we will be funded by dilution going forward etc etc etc..."

ticked up at a mins notice by guess who.

why do they need to lie? even now. scared high shareholder ownership will increase scrutiny on past behaviour?



surprised ophir12 wasn't out congratulating himself on a wise investment decision earlier, but then again was I, lol.

I think I might well up the ante soon, just how much..... we'll see.

[pjw1956] 06/2/2013 15:23

harry, Duck and Dive posts here




by Duck and Dive
Mon Jan 28, 2013 11:48 am

Forum: US Oil & Gas
Topic: Happy New Year from D&D
Replies: 44
Views: 1135


Re: Happy New Year from D&D
... not trying to engineer a low entry price for myself because 25p has been and gone. I'm obviously not trying to engineer an entry price for Polemos as they haven't announced a purchase. ...and I obviously don't care a damn what you rampers think of me. I guess that only leaves 'sour old ...

[harry f] 06/2/2013 15:12

looks like through posting mistruths their trying to drag duck out on iii.... can't see it happening.

[harry f] 06/2/2013 10:36

that topinfo fellas around again and this time there's no seller to slow it down, will be interesting to see where we get to.

[harry f] 06/2/2013 10:23

yeah I did see it a while back but overlooked it tbh, I don't know if it really says anything. I just got the impression it needs proof reading.

im always intrigued when I hear hoopers name crop up as he was at aritas with giles vardey. vardey appeared another with not much to offer



and then I wonder if pipeline financial technology ltd has anything to do with clive connors' pipeline llc? it may be another example of group companies ltd in the uk as part of an American llc?



brings me onto this which I expect you'll have seen.



I like the bit around 30 mins myself, makes you wonder how if tony feels strongly about this why when he and misra while at pmk for 2 years and produced no new revenue streams. now for some reason with 1/2 the same people, initially in the same building he feels a small company such as theirs can compete.

[harry f] 06/2/2013 08:55

it might be worthwhile registering, they don't seem to spam.

what i found noteworthy is the site give the splits of the shareholdings of companies. the new ones created in 2012 aren't on yet but if you register, click on the financial tabs and scroll down then to the right it gives the shareholders of the ltd co's.

for example: algo technologies ltd
62% owned by algo technologies llc
20% owned by algo engineering Europe ltd
18% owned by rami habib

for algo engineering Europe
80% owned by algoengineering llc
20% owned by habib

combining the 2
for algo technologies ltd
62% owned by algo technologies llc
16% owned by algo engineering llc (80%*20%)
22% owned by habib 18% + (20%*20%)

so what seems to occur is the ltd companies are majority owned by llc's (American versions of llp's as far as I can see)

the new forum businesses seem to follow a similar path except their looks to be an llp at the top rather than llc's.

I've seen that Delahunt bird flying around for a bit now, and had twigged she's now a director.

I haven't really looked for the shareholdings of the llc's yet.

[pjw1956] 06/2/2013 08:41

No not registered harry, but I did see it here. Was it just a Christmas club?



I also see that other one with PLUS connections has joined TS and GLOBAL MARKETS EXCHANGE GROUP INTERNATIONAL LLP

Dorothy Delahunt is General Counsel of Forum Trading Solutions Ltd.

Dorothy is qualified in the State of New York and is shortly to be admitted to the Roll of Solicitors of England and Wales by the Solicitors Regulation Authority. She has served as legal counsel to technology start-ups, as Legal Counsel to PLUS Markets Group plc and its subsidiaries, prior to which she oversaw a legal and regulatory strategy team at a first-tier investment bank. She graduated from Harvard Law School and has degrees from the University of London, The London School of Economics and Political Science in England and Smith College. Ms Delahunt began her practice at a global law firm in New York City and went on to join UBS Investment Bank. Her practice focuses on information technology and intellectual property transactions, including software licensing, company law, general commercial law and regulatory law.