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Started: kwalker4, 5 Jul 2019 15:49
Last post: kwalker4, 5 Jul 2019 15:49
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.
Last post: AssetMatch, 2 Jul 2019 12:35
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
Last post: Alans55, 20 May 2019 14:17
The heads here should be put up against a wall and the appropriate action taken
Started: Windy340, 13 May 2019 11:40
Last post: Windy340, 13 May 2019 11:44
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.
Started: kwalker4, 7 May 2019 16:25
Last post: kwalker4, 7 May 2019 16:25
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.
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.,
Started: tank1, 2 May 2019 21:00
Last post: tank1, 3 May 2019 16:08
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
Started: kadavul, 2 May 2019 12:34
Last post: kadavul, 2 May 2019 12:34
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.
Started: CheshireKat, 1 May 2019 16:16
Last post: kwalker4, 2 May 2019 11:45
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.
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
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.
Started: kadavul, 2 May 2019 10:51
Last post: kadavul, 2 May 2019 10:51
Wish you Sam the best in future endeavor.
Any idea what happen to Durv whom I thought was an admirer of ZK?
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
Started: kadavul, 1 May 2019 10:32
Last post: kadavul, 1 May 2019 10:32
"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
Started: chaotic_calmness, 30 Apr 2019 14:42
Last post: chaotic_calmness, 30 Apr 2019 14:42
A daylight robbery of shareholder equity.... Zaf has proven himself to be the worst dogshit of AIM directors....
Goodbye, you thieving bar steward.
Started: chaotic_calmness, 17 Apr 2019 14:25
Last post: kwalker4, 24 Apr 2019 17:37
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
Started: chaotic_calmness, 17 Apr 2019 14:15
Last post: chaotic_calmness, 17 Apr 2019 14:15
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.
Started: davethechef, 16 Apr 2019 14:11
Last post: Sam-the-Man, 16 Apr 2019 17:31
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.
Started: InvestOccassion, 6 Apr 2019 15:32
Last post: InvestOccassion, 15 Apr 2019 17:13
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
Started: luckyjohn, 29 Mar 2019 16:20
Last post: luckyjohn, 29 Mar 2019 16:20
I reckon a few more deals with the NHS on Virtualstock and they may announce a listing, as it's getting close.
Started: Ronnor, 22 Mar 2019 16:11
Last post: kwalker4, 29 Mar 2019 12:17
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.
If it wasn't for VS, Zaf is ssshhit at investing.....more close to running a lifestyle company than an AIM investment company. Zero trust in him, would rate him among the top dogs of dogs aim directors.
Regarding the reporting, corporate governance would remain sshhit here till Zaf is at the helm...
Rizzs looks like it deals in property, but obviously meant to be secret, and has been around a log time. How they got involved here I can't imagine. I note the other holder is T&J Capital Ltd. Now I'm sure that's meant to be T&J Capital Group Ltd because their owners are the same as Soarx. So they actually supplied a lot of the cash that got invested in their own company!
Not happy about the later reporting here - the placing was December for goodness sake and us poor holders didn't know who had 23% of the company until 3 months later!
Found out Rizzs investcorp ltd is registered in the Bahamas with 2 peaple. No other information
Will those who know more than I do about what is this likely to mean
Please tell me. Why have an offshore investor.
Started: chaotic_calmness, 27 Mar 2019 14:01
Last post: chaotic_calmness, 27 Mar 2019 17:55
The various NHS trusts represent a big market for VS to explore. Whoever this 24% tr1 holders are, they have made some opportunistic investment here.
just VS stake would eventually become 4-8 times the current market cap. Net book value of VS increased five times between 2017 and 2018. Would be interesting to see their result for YE Mar 19.
NHS must make £700 million back office savings over the next five years. Digital technology is critical to improving operational efficiency and core transactional services, which are just as fundamental improving quality of patient care and services as implementing the latest AI diagnostics. - James Thirkill, Vice President and General Manager, Healthcare and Public Sector, Virtualstock