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Hi Macrock59, you are not a lone voice, but I do think you are right that many have just put this down to being another AIM loss, when it is not. This loss for PI�s came about through deception of what certainly appears to be lies and smoke screens. Please do report this to the FCA if you dont mind, stating all the facts as you set out below. My wife lost her entire holding and reported her concerns to the police fraud office a few weeks back. She has a crime reference number but is still waiting to hear back from the fraud department with their conclusion. The more noise, the more chance of justice and helping prevent other directors from thinking they can stitch up PIs in a similar way in the future. Your post captures well the deceit suffered by many. I can not believe they treated PIs like they did and to date, seem to have got away with it. The money is gone but we might still at least, get justice. The more people who report it to the FCA and police, the more chance of success. Raising awareness with the press at DT would be great also, if you don�t mind. I know someone who contacted the Sun, but the press department never got back in touch. May be different with the DT, as they have already started to cover the story and raise questions. Thanks for your post.
Macrock,you are definately not alone and i reported it to SFO but no reply within the 20 days. Nobody seems to care about this kind of fraud. It really should have a slot on the BBC's Fake Britain show !
Thanks for comments . Would be good to have had a few more responses - but guess many switched off this chat . DT approach made See what this generates
See below - as emailed to Business Editor of DT last night . I refer to the front page of your Business Section this morning which again brings home how Private Investors in Conviviality have been appallingly treated and to be frank the situation 'stinks to high heaven' . The collapse of the Company in such a short period , the lack of financial controls within the BoD , the sudden �30million tax bill , the sizeable share purchases by the CEO and CFO to draw us in - and supported by the likes of Questor who indicated this was a cause for further investment . The exit just prior to suspension by certain financial institutions , the BUY recommendation by INVESTEC ( the nominated adviser ) ; the lack of 'insight' by KPMG as auditors . In view of all of this is it not a fair comment to suggest we have been duped ? The Pi�s acted in good faith in supporting CVR - we have been 'taken for a ride' and simply 'dumped on the roadside� . I have since complained to Investec , to KPMG and Conviviality . I intend to forward the complaint onto the Financial Ombudsman . Realistically , what chance do we the Pi�s have as a single voice ? But allowing for the above article and lack of regard for shareholders , is it not reasonable to request that the DT move on from the � mia culpa� stance on the poor recommendation - as per Questor articles of 13th April ( and earlier 6th April) - and to instigate a campaign on behalf of the Pis who invested on their recommendations An earlier article in your Business pages on 30th March was headlined Watchdog �must investigate Conviviality� . What has happened since - as the Company entered administration with indecent haste ? Please please demonstrate the strength and might of the Press and the merit of investigative journalism and support us in seeking some redress for this scandal . I hope to hear from you on this