The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good afternoon Assetmatch commercial campaingers,
You may have noticed, but the CEO OF 8PG has stolen all of the shareholders funds and used them to lign his own pocket.
He has fled from the reporting requirements of the LSE to come to assetmatch, where he doesnt need to explain his fraudulent actions to the market.
Why on earth would anyone want to buy shares in a company that has run down all of its investors funding and has a CEO who seems to have benefited to the tune of millions of pounds, from this fraudulent action ?
I understand that asset match are desperate to sell shares and claim some commission but do you not understand that what this firm has done to its shareholders? IT HAS STOLEN ALL OF THEIR MONEY. WHY WOULD ANYONE INVEST IN THIS ?
Stop trying to earn even more money from long suffering shareholders of 8PG and get yourselves a concience ! for god sake.
Good afternoon to everyone on this discussion board.
As you will probably be aware by now, the shares of 8PG were officially delisted from AIM recently. However the company has put in place a share trading facility via Asset Match to allow shareholders and would be investors to continue to buy and the sell shares.
In the first instance, I would suggest registering on www.assetmatch.com which is free of charge and will only take a moment or two to complete. Here you will have access to a dedicated 8PG page offering a raft of information.
If I can be of any assistance then please do not hesitate to contact us.
Kind regards,
Ben Weaver
020 7248 2788
info@assetmatch.com
Yes they should. What will actually happen is that the CEO will end up with all of the PI cash investments and they will have no voice in his new Ltd company arrangements. The CEO should be prosecuted for deception and fraud
The heads here should be put up against a wall and the appropriate action taken
Must add that HL has to be done by midday, sorry only got to read my emails this morning at 10am.
Apologies for for the rubbish English in the previous post, fat fingers on a phone keyboard is never good!!
ATB Windy
Had an email this morning from HL regarding the vote, you can log on to your account and vote using the "corporate action" button next to 8PG in your portfolio. It's easy only takes a few seconds, obviously I have voted against just to stick it to the crooks running this company unfortunately I only have 3000 shares! I got rid of most of mine (7million in old money) and kept a few in it did come good. If it does go through I shall kept the shares in the private company just to remain a thorn in their side. It's my understanding that if a group of shareholders that have more than 10% we could force them to appoint a director we nominate. Just a thought could be done with the help of some of the larger investors.
ATB windy
Use your own name and the chairman to vote what you instruct him to do on the proxy form.
Please read the notes below the proxy form as they will help you a great deal. The form must be with 8PG by next Tuesday morning to count.
GL.
Thanks for all the info, Tank, you were right – Jarvis will vote on my behalf. It costs 20-quid and they want the instruction a week in advance. However, if that’s a working week, it’s cutting it very tight. So, to avoid using Jarvis and risk missing the vote, whose name would you suggest I put on the proxy form? As you can tell, this is all new to me, so all info is gratefully received…in words of one syllable (or less). Thanks, bud.
You do not have to go through your broker to vote. The link to print off the 'proxy' form and vote is:
http://8pg.co/corporate-documents/
I would suggest posting by recorded delivery and it must arrive by next Tuasday 14 May 2019.
You think the only person to blame is yourself ?
What about the fradulent CEO, who has lied to shareholders, stolen our money and now would like consolidate his fraud by taking the company private..... Does he not have any blame ?
No ? Its all down to you is it ? OK Then ,,,,,
I was replying to a question you cowardly key board warrior. Read the thread. Repot me and don't forget to tell your mummy as well. Off you run to mummy. Looooollllll.
Hi Durv. Your broker should still be holding your share cert or should have sent it to you when LDP de-listed. It will be on the Companies record anyway. It is virtually impossible to buy or sell at present. You would have to find a buyer and complete a private trade. IMHO it is not worth trying to find a buyer at present.
The new BoD at LDP are trying very hard and doing very well and hope to re-float once the company is showing excellent accounts and profit to attract investors. The new investment is doing very well with a lot of interest from China which looks like they may have a global product.
All the best.
Thank you very much.
Since the delist of ldp I never checked the ldp forum or even checked what’s has happened or ever wanted to know anything. I just looked the ldp today when you mentioned today.
Ldp is actually doing well and wish to get back to Aim again. I am actually holding millions of share here which I completely written off till I saw your post.
Thanks again, great information and something I learnt today.
Yes I do really think Zaf has his time with 8pg I’d voted against them surely that will happen too.
Hi tank1
Thanks for the information, could you tell me what actually happening with the holding I had before it stop trading in aim. What could I do to find it out and from where please.
Hi Durv, LDP haven't gone bust. They are a private Company at the moment and actually doing quite well after the previous CEO's fiasco's, (Redmond in particular). They sold the quarry in Aus and have invested in NXT TEC. Ltd (“NXT” www.nxt-tec.com ) which seem to be doing very well.
All the best and hope you vote no to Karim taking 8PG private and then hopefully have him removed. There is strong feelings on other boards with regard to this.
Hi Kwalker4,
Should have listened to sellers long time ago. Leg or 8 pg has given me a lot than I will loose here. I am against the delist of 8pg but also not saddent if it goes private and have my share there.
Only person to be blamed is me so I normally don’t accuse anybody. I had few companies which went bust and I lost all my holding like ldp and few more but also had true winner like tern and pfp so this is going on.
The only thing right now in my head is what happens if it goes private. How would they value our share.
What about the current assets valuation.?
I wish I should have listened you 2year ago.
Anyway life goes on.
Thanks all.
It's on Crowd website and ADVFN share chat.
It looks like Karim might have written his own P45 if shareholders spend a few minutes getting in touch with their brokers and vote no.
If the vote is no and Karim is removed IMHO the share price would fly, finally giving shareholders the chance of making money.
Please, please take a few minutes to vote no.
Useful find, Tank. Which site was it on, by the way?
According to 8PG website, CfA hold 3.7%, though this may not take into account the most recent dilution. That statement “approx 75% of (shares) held by 12 different Shareholders” is somewhat misleading. These 12 are listed on the website, total 74.6%, but include Nominee accounts of Hargreaves (7%), Interactive Investors (4.3%), Jim (one of those Panama Papers names!?), 4%. Ignoring the last one, together with CfA, this equals 15% not in the hands of Zaf and his pals, reducing the vote in favour to a potential 59.6%. In other words, there is a potential free float of 40% of the shares. More than enough. It's just an excuse for the proposal now he thinks he has the 75% he needs. AAZ, for example, has 43.4% owned by only 6 individuals and that company is a roaring success. If Zaf hadn’t cleared out all the small holders at the consolidation, there might be more small trading going on, so it’s his own fault (although we all know that was part of the plan).
So the next phrase about “limited free float (not offering) investors the opportunity to trade in meaningful volumes” is simply not true. The low volumes over recent months are because Zafs own machinations have destroyed the SP to a point where there is no point in trading it. We need a meaningful share price first. Besides, it’s not the volume, but the value. With a near 400:1 consolidation, of course volumes will be way down, but the value will be the same.
In the days when the SP meant something, there was tremendous sentiment around it seen in the spikes of mid’16 to mid’17. VS has moved on enormously since then and has plans to float. With this being the stated objective of 8PG, this is definitely not the time to be calling it a day. It also says, this is the reason Zaf wants to take it private – to have all the VS value to himself.
I haven’t sold yet, as I’m not convinced the fat lass has sung. I’d like to see the returns from VS at least. I do wonder who is making these purchases at the moment, though…
Posted on another site:
Crowd for Angels (UK) Limited (CFA or the Company) notes the statement from Eight Peaks Group on 30th April 2019 and the Circular to shareholders regarding the proposed cancellation of admission to trading on AIM. CFA currently holds 546,840 shares in Eight Peaks Group, giving the Company a stake of just over 3%. Having taken into account the contents of the Circular, Crowd for Angels confirms that it will be voting AGAINST all resolutions proposed at the General Meeting to be held on 16th May 2019. In particular, the Company has great concerns over Resolution 1 (the Cancellation Resolution) that, in Eight Peaks own words, if passed, will result in there being no formal market mechanism enabling Shareholders to trade Eight Peaks Ordinary Shares. Given the limited and vague information provided in the Circular, the Company has no confidence that the Directors of Eight Peaks have any desire to put in place an alternative trading facility if the cancellation resolution is passed. The Company recognises that AIM has its liquidity drawbacks. Regardless, it believes that the cancellation of the listing will result in either no trading facility being available to Shareholders or a highly illiquid “matched bargain” facility being offered, which will significantly reduce or even eliminate the liquidity currently offered on AIM. With only modest cost savings expected from the proposed cancellation the Company believes that the Cancellation Resolution is not in the best interests of Eight Peaks shareholders. Crowd for Angels therefore encourages fellow shareholders to vote against the proposed resolutions. Private shareholders with shares held in nominee accounts are encouraged to contact their stockbroker to instruct them to vote against the resolutions. For further information or to contact us email 8pg@crowdforangels.com
April 2018
https://www.youtube.com/watch?v=5rnj8IG8AJc
July 2018
https://www.youtube.com/watch?v=k084TByBf7g
August 2018
https://www.youtube.com/watch?v=08-3FH-AQ9g
This could help to see how he is deceiving the investors.
we wont hear from Durv again, something tells me he has also eaten a huge loss (if indeed he was a genuine investor).
There are several other charachters who have been on this board ramping the shares in 8PG, something tells me we will never hear from them again either, not even a humble apology to the bears who were trying to save y;all a few quid.
Sam remember when i came on here and called ZK out as a fraud, about 2 years ago.
You could not believe that i came on a public BB and called him a fraudster, someone else mentioned that i could be sued. You guys got anythign to say now ? ZK should be the one who gets sued.,
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.
Wish you Sam the best in future endeavor.
Any idea what happen to Durv whom I thought was an admirer of ZK?
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