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Started: tinyinvest, 31 Jan 2024 19:46
Last post: gharri07, 22 Mar 2024 13:47
Believe that trading mechanism when it happens.
Full accounts should be interesting to see how the HK office has been trading.
Cheers.
Got mine too :)
Spoke to Melissa Needham via email a couple of months ago and they are in process of seeking trading mechanism. If dividends are still forthcoming and trading strong, doesn’t matter to me if listed or not, maybe I’ll be acquiring and not selling mine!
Recieved today. 00.04p Dividend.
Still no final results on Companies house website.
Website still refers to AIM rules
Website still lists PKF LittleJohn as Auditors
LOL see https://find-and-update.company-information.service.gov.uk/company/06214926/filing-history 22 Feb 22
still no sign of the trading mechanism promised
Forgot to add that of course the extra shares will all share in future dividends so keeping the dividend down
Just making sure we plebs who are stuck with thousands of shares we can't sell have 0 influence on the company.
pretty sure those new shares alone outnumber ours, and of course it keeps the value down.
56 million shares to directors???
WTF
Nice dividend surprise when I checked today as missed this completely last week
Cut probably a way for company to try and buy out some shareholders for as cheap as possible
It can't be that hard to get news out to shareholders that don't have these in certificated form
Would be nice to know how the business has performed for year ended 31st March 2023.
Will probably have to wait a long time to find out.
Hong Kong office had revenues of near £1 million 2022 so would expect that to increase as they become more established in Asia region.
Would have quite happily of sold my shares this last couple of years but that wasn't possible, but NOW i'm happy to keep them in the hope of the company continuing to pay dividends or sharebuyback & the possibility that they could become an attractive addition for a Chinese buyout.
Anyway patience needed here.
Cheers
Had my cheque too.
I have had prompt replies from management at Octagonal.
Imagine they are holding back cash in lieu of share buybacks, day to day working capital and future growth plans following US operations withdrawal last year
Has anyone ever had a reply to an email to Octagonal.?
You would think they would have the decency to at least acknowledge their shareholders.
Received a dividend through my ii account today. No communication from the company or explanation why the dividend has been slashed, when the company is cash rich and profit making.
19 Jan 2023 Group of companies' accounts made up to 31 March 2022
This document is being processed and will be available in 10 days.
Https://find-and-update.company-information.service.gov.uk/company/06214926/filing-history
Last post: tinyinvest, 13 Jan 2023 17:43
OK I goofed I'm the wrong way round OCT own GIS which is the major trading subsidiary.
Still no sign of accounts being filed
our holding are in Octagonal not GIS, the profit or loss or the group is irrelevant it's the profit of the company that matters
Accounts for year still not published / overdue now given we’re supposed to be in by end of December. Hmm
If and when I see anything on this will post an update.
Question is where are they getting the money for dividends this year ? According to gis accounts for year end 31 March 22 ( filed at companies house 3 Aug 22), turnover decreased 45% and operating profit down 88%. Profit before taxation £ 149,456 ( 2021: £1,475,609 )
any sign of anyone getting a dividend or indeed any clue as to how much it might be
Wonder if synergis capital products will be moving forward now interest rates are picking up?
see section 44 of this last couple of lines
just an odd post to keep this alive
Web site is a farce still refers to AIM rules etc no Accounts available
Where's that from?
Radio silence on the website as usual
Still nothing about a matched bargain facility etc either
lol love this bit
(John William Gunn terminated.)
I think a lot of small shareholders would agree
Which is why I'm not in any rush to accept 1p for my shares when they do try a buy back
Verdict 22nd March
$1m fine for GIS and $100k for John Gunn
Where did you see that?
Next they'll try and hoover up all the available shares they can at 1p
Settled with SEC 1 million dollars - fully provided for in 2021 group accounts.
Hopefully can draw a line under this now and move forward, hopefully team can exhaust their energies on growth instead of legalalities!
More interesting that a new set of Auditors found "no issues" and were able to sign books off within a month of the others resigning.
Wow, I've seen some cowboy companies but never seen such a scathing comment from Auditors.
As they are professional group, I have to accept the Auditors would not tell untruths especially on the record like this.
Makes you wonder why the previous books were approved, surely if the format etc is compliant one year it will be the next unless key members of staff are no longer employed.
Either way for us small investors 18 months since the shares were suspended we are still shafted as still no mechanism to get rid of these.
Mentally my investment was in the "dodgy" box, now it's definitely in the "write off" box
Last post: exstatex, 28 Jan 2022 07:19
Looking forward to fines Gunn and Barbie will have to pay into my pocket after their fraud against shareholders at listing and directly after, when they both together contrived to illegally regain majority control using a hidden prearranged plan, induced considerably losses to me.
Lenigas was also duped by these two. They are part of a certain countries network of highly dubious tax avoiding business people who follow no rules and seem to be fully supported by the ignorant numb skull medieval nits in whatever homeland they have.
AJ Bell dividend paid
Thanks all, dividend now showing in Halifax share dealing account.
Dividend has been credited by Jarvis last Friday
Link to the update is below
http://octagonalplc.com/wp-content/uploads/2017/09/Octagonal-Ltd-Shareholder-update-letter-2-12-21.pdf
Mine are in Lloyd's account. Previous dividends have taken up to 5 days to appear so I'll wait a while before chasing them up
LOL, given what most of the small shareholders think of the BOD it is ironic that the auditors are based in ****fosters
What about the fraud at listing as described before. Nomad knew said nothing. Gunn and Barbie took back complete control of co after listing by deliberately cancelling the promised dividend and stagnating Share price so could pretend to buy out someone at cost who supposedly supported listing on own account . This was all arranged before hand because it happened do quickly after listing showing they always intended to have the option of screwing shareholders later with complete majority control. The listing was only I presume to get licenses or access to markets. It was not a growth co therefore to be promoted to prospective UK shareholders. All advisors knew this. All profits would be paid to the inner circle. All shares would be mopped up at ultra low prices. The promise of a growth company that might use its valuable banking licenses to grow investor funds and challenge banking sector was never going to happen.
I think Lenigas discovered this afterwards. These people if they are allowed a way to cheat take it with both hands. Barby must essentially be a director. He and Gunn act together but it was essential B looked like a shareholder so could buy back the arranged stake after listing.
I honestly don't know where these people come from....
"During the year..... The highest paid director received remuneration of £554,317 (2020 - £432,118)"
Nothing but Modern Day Outlaws
Nothing new for news hungry shareholders in accounts.
No divi (yet)
No share buyback?
£7.5m cash in bank.
Group account have been files with Companies House, unfortunately not available to view for 10 days
Fingers crossed that SEC is sorted that way they can get back to paying dividends
Would hope to see OCT full year accounts year ending 31st March 2021 published quite soon.
GIS UK had full year revenues of £8.5m with cash at hand of £6.2m.
GIS HK have been trading now for 12months plus so should see a fair amount of revenue generated if following the trends of Asian markets.
SEC payment/penalty seems to have been agreed in principle.
Big questions is will we see a dividend paid?
Will there be a share buyback/trades offered by the company?
27th October:
Order on Motion to Adjourn Conference Wed 10/27 1:52 PM
Letter Motion to Adjourn Conference.
The request is granted.
The conference is adjourned from November 4, 2021 to September 9, 2022 at 10:00 a.m.
So “off the hook” until Sept 2022
Started: CEOAdam, 22 Oct 2021 00:02
Last post: CEOAdam, 22 Oct 2021 00:02
19th October:
MOTION TO DISMISS FOR INSUFFICIENT SERVICE OF PROCESS is denied.
The Initial Case Management Conference shall be held November 4, 2021, 10:30 am, Courtroom 14D.
SCHEDULING ORDER: Oral argument, currently scheduled for October 14, 2021, is hereby adjourned until October 25, 2021, at 2:30 p.m.,
NO This purely covers the claims that GIS was operating Illegally in the US by providing share broking etc services without a license.
The issue of taking the company back private would have to be dealt with by a UK court
NO
Does this include the bent premeditated plan to regain control of co after the public listing and cancel the promised dividend and deliberately stagnate the shares banking potential as per the valuable licenses so Gunn and Barbie could run OCT as a private fiefdom with no regard for shareholders
Started: tinyinvest, 12 Oct 2021 13:51
Last post: tinyinvest, 12 Oct 2021 13:51
http://octagonalplc.com/board-of-directors/
no-one obviously looked at it after putting the pictures up People cut in half etc, really an example of P155 poor design and implementation
interesting that on here http://octagonalplc.com/investments/ they claim GIS is a qualified intermediary in the United States, isn't that what the whole court case is about
Started: substp, 24 Sep 2021 03:22
Last post: substp, 24 Sep 2021 03:22
Now Oct 14th
Started: dickies, 12 Aug 2021 12:48
Last post: HBomb5, 9 Sep 2021 18:59
Thank you for sharing, mine are still stuck in Nominee account so I see no paperwork from the company.
Just checked Jan 2021 AGM gave Octagonal authority to buy back 28,428,844 shares and a minimum price of 1p per share.
Good news on the divi front if they can continue paying 0.1p but all subject to legal & regulatory conditions.
It shouldn't take 8 months to sort out a matched bargain facility but I guess they are more worried about SEC investigation than keeping us minnow shareholders informed.
Many Thanks Dickies
I call on richest people in world - the G8 taxpayers- (sorry Vlad!) to immediately close all tax avoidance havens and ban directors based there. The cynical corruption has gone way too far
And maybe they can explain the corrupt premeditated plan by Barby and gun to regain full control of co after listing which was illegal and against shareholder interests, stopped outside interest in a new growth banking co in its tracks so hurting shareholders, renaging on promise to shareholders made by Lenigas that dividends would be paid within months of listing again hurting shareholders. Another corrupt self serving (definitely not serving owners-the shareholders, or country or economy) of tax avoiders who I think it's safe to say will rely on other tax avoiders to try and get them off hook. What these people are doing ever let near getting funds from tax paying shareholders is a mystery. But then again hmq is tax avoiders and performance post 2008/9 deserves an NG grade. Or directors of URA how did Putin's puppets ever get in country let alone running something and then stealing from shareholders.We are relying on co directors to provide capitalistic answers to IE global warming! Most should be in prison. A lot are not independent and are allegiance to their own group which is beyond disgraceful, actually medieval
Why even seek shareholder permission. They don't care about us !
Gunn owns >50% of the shares so he gets whatever he wants
Last post: tinyinvest, 10 Aug 2021 16:18
more likely into the pockets of Gunn et al
Page 24 of accounts
Dividends paid 2021 £1.2 million
2020. £600 thousand
Yes I saw this too
I was sure I saw a line in the GIS accounts of £1.2m dividend payment
GIS UK to March 2021 £8.5m revenues.
Cash of £6.2m
No dividend or mention of accounts GIS HK.
Another year then stuck with shares that just sit stagnant.
Started: tinyinvest, 21 Apr 2021 18:56
Last post: gharri07, 19 Jun 2021 07:53
OOOuch!
The SEC's complaint, filed in the Southern District of New York, charges GIS with violating the broker-dealer registration provisions of Section 15(a) of the Securities Exchange Act of 1934 and Gunn with aiding and abetting GIS's violations, and seeks injunctive relief and civil penalties.
Wonder how much the fine will be??
I think its a corporate responsibility thing. the business is responsible for the staff / directors actions.
I believe Mr Gunn is also personally charged
It seems unjust that the company should bare thr brunt of any sanctions - surely the individuals should - the natwest 4 went to jail - would;nt our guy face the same individual accountablity?
Global Investment Strategy UK Ltd. and John ... - SEC.govhttps://www.sec.gov › complaints › comp24996
If found guilty then a considerable fine will be incurred by the company & therefore cancelling out any chance of a share buyback.
Will drag on until at least end 2021 i think.
Started: tinyinvest, 17 Mar 2021 18:09
Last post: HBomb5, 26 Mar 2021 08:39
I checked the other day looks like they have updated to drop the reference to the shares as being listed
I got my share certs for some of mine. You would need to physically request that these are rematerialised by HL to do - for example if they were in a SIPP then they would keep them there.
It is poor that OCT haven’t spent a couple of hours updating the website properly. I would expect some sort of update in April as to the level of impact on the business of the SEC case and what’s happening with that.
I've asked HL what's happening as they originally told me I needed to move my shares out of my ISA. But the people I've had contact with seem to have no clue as to whats' going on. So at the moment how would they pay dividends.
The Website still calls itself OCTAGONALPLC , and still has reference to AIM etc etc, and there's still no new on how shares can be traded, all in all begins to feel very shady.
This is beginning to feel like Football Index
Started: CEOAdam, 27 Feb 2021 16:43
Last post: tinyinvest, 17 Mar 2021 18:03
It's quiet but these things often are long winded
Do we know what is happening with SEC?
Anybody on here a client of GIS?
On companies house.
Started: CEOAdam, 24 Feb 2021 14:11
Last post: CEOAdam, 24 Feb 2021 14:11
Information has been uploaded to companies house and will be available within 10 days.
https://find-and-update.company-information.service.gov.uk/company/06214926/filing-history
Started: tinyinvest, 18 Feb 2021 16:01
Last post: tinyinvest, 18 Feb 2021 16:01
Been to the website still says its am AIM company ! and has links to AIM rules etc, one would almost think it was looking to lure suckers in.
Started: tinyinvest, 21 Jan 2021 10:32
Last post: HBomb5, 10 Feb 2021 00:18
Thanks all see what my broker decides to do but as I understand it they have to come out of the ISA
@HBomb5
Mine were moved by HL to a standard account rather than my ISA , and HL say they are worth £0.00
Yes I had some in isa - now I have a fancy certificate that may or may not end up being worth a decent amount. Can’t hold unlisted shares in isa so had the choice of them sitting in trading account or having them here and potentially available to trade when matched bargaining facility available. I suspect later this year as but back suggested for the autumn, but does depend on the sec investigation and the impact it has had on ongoing business operations
Dickies did you hold them in an ISA?
Mine are in ISAs so I’m waiting on the broker to confirm what’s happening but they might transfer into my trading account.
JP Jenkins used to offer a matched bargain facility and it looks like they still do, however I suspect nothing will move on this until SEC issues have been addressed, website still makes reference to shares being listed.....
Got my rematerialised share certs today - hoping they don’t become something to frame as a painful reminder and can look at my options once the matched bargaining service is announced
Started: CEOAdam, 13 Jan 2021 14:27
Last post: exstatex, 19 Jan 2021 10:59
Bit surprised assets have not been frozen incl directors. I expect FSA is not yet up to tackling the 'take it private fraud' which is prevalent and which has a large London network of tax avoiders involved. (SeeURA). The take private bit is difficult because it strikes towards the inequality at heart of financial system . Say for instance Crown estate or Duchy were forced be public and produce proper accounts and pay proper tax. Say for instance where Abramovich and others got the money to take things private. Say for instance how much tax Saudi paying, how much invested in progress rather than return and where they plan to list? (Brexit reason?) . Expect that's why Oct still trading and we relying on Americans to get to bottom of it
Don't worry tiny. SEC and FSA will ensure justice served on this tax avoiding network
Made contact with aj Bell, they haven't as yet received the divi payment from Octagonal but will chase them up.
Sounds about par for the course at the moment.
Hoping the process of the share buyback when they go private go's a bit smoother.
Not holding me breath.
Good luck
Cheers.
Cheers.
so it looks as if us small share holders are stuffed !
I assume they will have to give us something tangible so we can show we have the shares, to be brutal I have them with HL at the moment and trust HL.
Gunn and co, I trust about as far as I could throw them, and who knows how long the suspension will last, although as an unlisted company perhaps such niceties don't apply.
worries me a little that as a private company the could as I've seen before effectively make an offer and once they hoover up 80% or whatever they can force purchase the remaining shares at a silly low price.
With HL, divi only paid to my account on Friday afternoon. Not sure why it was slow, a couple of other recent AIM-co divi's have been paid next day.