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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 ?
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 !!!!!
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.
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.
tHIS IS A VERY DELIBERATE MOVE, yet again.
He has ensured that he will get the motion to delist passed.
Take a look at recent events and the reason for investing in these dodgy little firms becomes clear.
If i am not wrong, Karim holds over ten percent of the shares himself.
Another ten percent are with "Crowd for Angels" and his mate Tony Nazereth (Never made any money but was given a lot of 8PG shares in exchange for 10% holding in CFA). What a joke investment that is by the way, you can be sure Nazereth will vote with Karim on this one.
Then you have Alcazar 1 Pte, another large shareholder in 8PG, whom karim is in cohootes with, borrowing cash from them anually with a nice fat 10pct interest rate attached. Wonder which way they will vote eh ?
Then you have the other BOD members who have plenty of shares.
The consoldation was done to ensure this delisting goes ahead, along with the other placings that went directly into Karims equity, giving him a strong position as a large shareholder.
This is Fraud, someone should stop him.
Its being done now to save him from explaining the fraud investments in Manas, IBS and CFa.
The accounts are looming to show the real losses incurred here, never made a penny INTENDED for any single PI
RNS states75% of shareholders is held by 12 shareholders. 2 of these are Interactive and Hargreaves, who are 'probably' not actually shareholders but brokers for 1000's private investors. If this is the case the RNS is some what misleading and if these 1000's of investors voted against delisting from AIM then the motion would fail and 8 Peaks would remain on AIM where there is at least some regulations to stop Karim and his cronies bleeding shareholders dry for there own financial benefits.
Karim fails to realise the share price is so low due his continual failure to deliver on his false promises of shareholder value year after year and the decimation of the SP year after year while he invests in companies where he gets a place on the board and a fat salary and travel expenses for his failures at shareholders expense.
If Karim's is defeated in delisting, the next motion should be to remove him and his cronies from the BoD, which is possible if the shareholders he has fleeced stick together. The SP would then fly.
The only posative is that Karim is finished on the stock market as nobody will every trust him again due to his dispicable conduct towards shareholders.
"The Directors consider these proposals to be in the best interest of Shareholders after considering, amongst other things, the costs of maintaining trading in the Ordinary Shares on AIM and the limited free float and liquidity in the Ordinary Shares and intend to vote in favour of the Resolutions at the General Meeting."
The directors are the reson there is no free float, that combined with the recent consolidation.
If the cost of maintaining the listing is too much, what does that tell you ?
The company makes no money and has exhausted the market for placings.
This is the end of the road for 8PG and it should be the end of the road for Zafarullah "the crook" Karim.
Well this was obviously coming.
He should be locked up for fraud and misleading private investors.
This has been planned by Karim for a long time now.
He has been increasing his shareholding (by somehow coming up with 100's of thousands of his own money) to buy stock over the last 2 years. He has added another NED (Monson) whom the company did not need, in order to bolster the shareholding of the BOD...........So when the time comes for voting, guess who holds a signifficant ammount of stock ? The BOD.
The BOD will then vote to delist the company, leaving Karim and Co. with all of the value appreciation, deeply in their own pockets.
This behaviour is criminal and i believe this man should be jailed
"Markert capital is down to 1.22 million.
Not very exciting. Zaf will soon take this off from AIM to private. He has been doing extremely well since his founding of Legendary investment. He has been rewarding himself generously in the expense of the shareholders.
The only investment surviving is Virtual Stock where he is not a paid member on the board. All other investments he got on to their board pay themselves handsomely and run them down."
I had got out with some considerable loss and i am really angry with FCA allowing this type of practice in AIM.
Good luck all!
Another thieving shi.thole goodbye you load of cu.nts hope your a..rse falls off Karim
What an idiot i was buying into this when i did. I really should know better by now. Keep fleecing shareholders till the company is worthless as they will have made enough to be wealthy and enjoy life at the expense of normal people trying to earn a few quid.
Disgusting
A daylight robbery of shareholder equity.... Zaf has proven himself to be the worst dogshit of AIM directors....
Goodbye, you thieving bar steward.
Of course the main problem that you have as a shareholder in 8PG, is that is doesnt really matter what the assets are worth, the CEO will make sure that the only people who benefit, are the directors.
Over the last 7 years, he has done exactly that.
He has destroyed all shareholder value from the increase in VS, from 2m valuation all the way upto 70m. He will carry on this way because no one will stop him and people come on here posting about VS ? Why ?
He has already used VS to lign his own pockets. The growth has gone. 8PG have no funds and VS do not make any money = dilution for 8PG shareholders. (Unless you are ZK, then you just buy yourself another 100k work of stock with shareholders money that you have diverted from the disguisted "investments"
#TheEdge4Health enables #healthcare providers to enjoy comparative pricing so they can buy products at the best price, while suppliers can showcase all their products and trade with as many providers as are connected. #Learnmore https://hubs.ly/H0hv8zF0 #NHS #NHSprocurement
https://twitter.com/virtualstock/status/1118473905071640576
In terms of corporate governance, 8pg should be rated worse than dogpoo. But still can't ignore the fact that just the stake in VS alone should bring value here 3x-5x.
This is old news Dave, Halifax stopped dealing these shares almost 12 month ago when they were still called LEG. Something to do with Zaf's team not signing the correct paperwork. I eventually closed my Halifax account and moved my shares to LSE.
Halifax will no longer allow investment purchases in this share-not a good sign.
Will become suspended in due course, IMHO.
Zaf was on management team on LEG & AMED, and same became of them.
Seem like VS may have lost another customer:
http://ghx.com/europe/en/news-and-events/ghx-confirmed-as-guy-s-and-st-thomas-nhs-foundation-trust-s-partner-for-cloud-based-catalogue-management/
"Anyway, the answer is that he is taking up a new role – he is joining software firm Virtualstock Ltd, who seem to be coming up in conversations with increased frequency these days. As we described recently, we learnt that they are the firm behind the product information management / catalogue and stock management initiative at Guy’s and St Thomas’s Trust in London that David Lawson wrote about here.":
http://spendmatters.com/uk/82299/
http://www.leginvest.com/demo/about-us/
These con men Zaf & Thomas are still have the LEG website running to mislead new investors. FCA should investigate their attitude towards small vulnerable investors.
InvestOccassion 8PG was renamed after LEG by writing off all thousands of small investors.
Sounds like an ex-customer of VS...
"Virtual Stock is now established as a provider of digital solutions to the UK’s leading retailers. Its retail clients include Tesco, Maplin, Sainsbury’s Argos, Dixons Carphone and Office Depot."
http://www.leginvest.com/demo/portfolio/virtualstock-limited/
Sounds like a competitor for VS
I reckon a few more deals with the NHS on Virtualstock and they may announce a listing, as it's getting close.
Zaf is shrewd.
He has managed to trick private investors into thinking that his intention was to make money for investors.
In reality, his only investments are in himself and his friends.
He has managed to get away with stealing sharehoder funds from LEG and now 8PG, under the guise of making investments, actually all he has done is make sure that he has well paid positions of the BOD of the so called investee compaines.