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I noted back in Sept that 8PG was circling the drain and the de-listing of AMED was the first step of Zaf finally cashing everything in and disappearing with his fraudulent gains. He’s a professional, white-collar fraudster who has played a long-term, calculated game. I often wonder who handed over the million quid raised back in April 2016 when the SP was artificially raised to (back then) 0.3p on no news at all, except to get the placing money. Unfortunately, this lack of accountability on AIM that has allowed Zaf to get away with this for so long is what gives it it’s deservedly foul reputation.
Regarding the Nominee Accounts, Zaf has thought of this as well. Only “members” listed on the share register of the company are guaranteed the right to attend any G.M. and vote on resolutions. These are those who hold their shares in either paper certificate form or are “Personal Crest Members”. Those who hold shares in a nominee account will not be on the share register and are not a “member” of the company; only the “beneficial owner” of the shares.
The shares held in a nominee account are typically “pooled” and there will be one entry in the register for all of them - in the stockbroker’s name. The company will therefore not know you nor recognise you as a shareholder. They will definitely not allow you to vote directly and can bar you from attending or speaking at GMs.
In other words, a quick bung to the stockbroker in favour of the motion and the dirty deed is done. The final piss-take is that this is happening just when the one and only ‘investment’ worth anything, VS, is about to come to fruition and we may have finally seen some return. So that crap about “in the best interests of shareholders” is just like any other statement from Zaf – total self-serving bolox – and is all about him running off with all the VS value to come, like the over-privileged, spoilt sack of horseshit that he is.
And yes, he will need that crock of shyte New Zealand “investment” he’s got, because if he raises his twisted head here again, he’ll get it shot off…metaphorically speaking…unfortunately.
If you contact your broker they will supply you with a form to vote and a letter confirming you are a shareholder which will entitle you to attend the meeting and also vote. We should not sit back and accept Karim's action to line his own pockets at our expense. A short phone call to your broker should put a stop to Karim's fraudulent gains.
Even if every single PI attended the AGM, it will not stop the delisting.
Say 26% vote no, in a few months time, Karim will simply call another AGM, perhaps even cashing in his warrants to ensure delisting.
The benefit of him delisting is that it will be a lot easier to cash in on VS (All the other investments are worthless as we all know). Once he DeLists, he will be able to cash in big time, but the fact is he is already a large shareholder in VS by himself.
If the cost of delisting is high (in that he has to get himself a few more shares to vote it through) then we all know he is capable of doing so.
I would like to know the details behind the overseas firm that gave him 500k in the last placing, they must be part of the conspiricy... otherwise they would be fuming wouldnt they !!!!!
i feel sorry for "Sam the Man"
Sam, how much have you lost ? I noticed that you kept buying in chunks of around 1k, even though everyone was telling you to sell up and walk away.
Do you plan to take any action on this Sam, or do you just see it as an acceptable loss, following a risky bet ?
Thanks kwalker4
I always thought ZK was a dodgy man but I really did believe that VS would come good (it still may) so yes, I topped up when I could. I like reading BB's but I never take advice or tips from anyone because for every seller there is a buyer and vice versa. Even today people are still buying but for me, enough is enough.
So thanks for those who told me to sell up.
I never trusted Karim but the only person I blame, looks at me every time I look in a mirror. I dont plan on looking at VS or 8PG again so this will be my last post on the whole affair. And Ive also learnt, the hard way, that dealing in AIM shares is as unscrupulous as it always has been.
For the record, I sold out this am and stopped counting my losses when I got to £7k
I'm opening a nice red now and maybe that will help when I cry myself to sleep later.
Good luck to all who keep hold I really hope it all comes good.
Sam
Sam, i find it a little strange that you would blame yourself for the actions of a city fraudster, what actions do you think you could have taken to uncover this crook or his elaborate deception ?
Yes it was you and many other who made the decision to invest, but if we had a hint that the CEOO was a crook, we would never have taken the decision to part with our hard earned. And how could we have anticipated such a fall without being decieved.