Teathers Fin Share Discussion Threads

[bbmsionlypostafter] 23/9/2017 11:25

Breaking: Regulatory Censure for Jason Drummond of Teathers infamy







Regulatory Censure for Jason Drummond

Page 3 of 24
Licence Holder Jason Drummond

PML Revoked (had the Licensee not surrendered the licence)

22 August 2017

On 16 May 2017, the Gambling Commission (the Commission) commenced a licence review of the Personal Management Licence (PML) issued to Mr Jason Drummond. On 20 July 2017, the Commission wrote to Mr Drummond to inform him that it was minded to revoke his PML on the grounds that Mr Drummond was no longer suitable to carry on the licensed activities. It was not necessary for the Commission to exercise its regulatory powers as the PML was surrendered. However, the Commission considered that had the PML not been surrendered it would have been revoked.

The facts found included that Mr Drummond had been a PML holder at Gametech (UK) Limited (‘Gametech’) who held a Combined Remote Operating Licence. Gametech had breached licence conditions which included failing to report key events and the segregation of customer funds. At the time of his tenure as a PML Mr Drummond was aware that Gametech did not have adequate resources available for the purpose of carrying on the licensed activities. Mr Drummond allowed Gametech to use customer funds to cover its operating costs. When asked by the Commission about this activity Mr Drummond provided misleading information to us. In addition he also breached a condition of his licence requiring him to carry out responsibilities in relation to licensed activities in a way ‘which does not place the holder of the operating or any relevant premises licence in breach of their licence conditions’.

[bbmsionlypostafter] 31/5/2017 10:16

Could someone who posts on LSE & iii please C&P these links over there so those who were screwed at TEA are aware?

Gunning for Jason Drummond, Justin Drummond, Nilesh Jagatia and Christopher Gorman.

[ionlypostafterbbms] 21/12/2016 11:39

RED ALERT!! RED ALERT!!!



The stockmarket comeback of Jason Drummond of Teathers infamy, thanks to Fatty Cornish - but uh oh legals looming?

[solarno lopez] 04/11/2016 11:24

An excellent read

[daniel levi bmd] 04/11/2016 11:21

FYI

Great read guys...



Dan
x

[ionlypostafterbbms] 08/10/2016 06:22

Where the mug money went.

Teathers Financial - More 4 figure Largesse as the boys go on the lash big time with semi clad young ladies

[ionlypostafterbbms] 04/10/2016 13:14

2 articles from TW on this shocking POS today.

Remember these names & steer clear of any company they have anything to do with - Jason Drummond, Nilesh Jagatia & Oliver Fattal.

[ionlypostafterbbms] 17/8/2016 18:47

Etaireia Investments – More dodgy dealings from Baron Bloom and Oli Fattal

[ionlypostafterbbms] 12/8/2016 09:02

UPDATE
Today 08:26
Hi

This email is for those signed up the Teathers mailing list. It is public information so please feel free to share it. We make two requests of shareholders below. In particular please note our plan for setting up a new email list and to close this one down.

We are reaching the final stages of a number of sensitive discussions. At this point there is not much that we can share, but we will provide a full update in the report we committed to delivering.

Over the last fortnight we’ve intensified our efforts. We have finally got copies of the historical bank statements of the primary current account and are working through over 100 pages of transactions. We are waiting for the statements from the four other accounts the company holds, including the business reserve account. Natwest has offered us £100 compensation, which we have rejected. We still expect to make a detailed complaint to the Financial Ombudsman Service.

We have a conference call with Shard on Monday to have a final commercial discussion about the potential of the App. Before we commit to any more expenditure there are a number of issues we need to confirm with Shard to make sure that such an investment would stand a realistic chance of delivering a return. One thing we have been disappointed about is the small amount of revenue the first 6 deals delivered. Shard has sent us a report about this and we need to discuss the implications of it. Shard remains keen to see the App live, but we have to make sure it stands a decent chance of making money.

We expect to be able to provide a more detailed update by the end of next week.

In the meantime we would like please to ask two things of shareholders:

1) If any of you have experience in App development please could you get in touch as soon as you can. Apart from the commercial considerations which will influence whether or not we are able to re-launch the App, a number of technical issues have also cropped up.

2) Could we please ask that all shareholders move their stock into certificated form. Now that Teathers has lost its listing the shares have lost their ISA benefits.

Moving forward we are planning on setting up a new email list for Teathers shareholders. This email list that we are writing to now has not been vetted. To sign up for the new list we will need to see evidence that members of the list are genuine Teathers’ shareholders. We will ask that those who sign up to the new list provide us with an electronic copy of their share certificates (e.g. a digital photo or scan).

We plan to launch the new email list from 01 September 2016, which gives shareholders 3 weeks to get their stock in certificated form.

We plan to stop using this email list from 15 September 2016. We will provide further updates about this.

To get your stock into certificated form is an easy process. Simply call your broker and ask them to transfer your stock into certificated form. Some will say this will take 6 weeks, but in our experience this is not the case. The process happens much quicker than that.

If you have any questions about this please let us know.

Thank you,

Ben

[ionlypostafterbbms] 20/7/2016 23:03

Teaholders ‏@TEAshareholders 21 minutes ago

First financial update sent to #TEA holders by new board. Please email [e-mail] to receive the email & balance sheet

[soft t] 20/7/2016 20:32

15th july?

[ionlypostafterbbms] 28/6/2016 17:58

The BoD of Teathers has been voted out.

[ionlypostafterbbms] 25/6/2016 16:50

Jason Drummond resigns.

[ionlypostafterbbms] 22/6/2016 14:45

Stitch up on the way!!


HTTPS://twitter.com/teashareholders


Teaholders ‏@TEAshareholders 4 hours ago

Serious problems emerging about processing of votes in #TEA EGM. We'll update shortly, but please keep an eye on your inbox

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Teaholders ‏@TEAshareholders 3 hours ago

Could all #TEA holders please reply to the email just sent out. We are concerned about the integrity of the vote because of broker inaction