Westminster Group Share Chat (WSG)

I have spoken to my broker and as the account is still open you will have to pay fees on it , yet he said i could gift them to a charity and close the account is my name and save on the 6 monthly fee which is due in october ie (16£)

Now they are no longer a listed company, at present there isn't a 'recognised' mechanism for selling shares you hold in the company. I think they mentioned exploring putting in place a 'matched bargain' facility, where a broker looks to facilitate someone wanting to sell shares by mathcing with someone looking to buy , but I wouldn't trust Fooler to put that in place. Best case scenario is if you can find someone to buy your shares - but why would they want to ? Worst case - which is pretty much the totality of the position now - your shares in this company are worthless and you have lost all the money you invested in this POS.

I am also a novice to share trading so what is the worst and best thing that can happen to wsg ?

We can only point you towards the rns of 30th April, you would however be better writing the whole value off in your head. You could try ringing the company and asking them where you stand but based on the life of their existence on AIM I wouldn't believe a word of whatever they tell you. Sorry for your loss

Forgive my ignorance but does thimean the shares are worth less and no way back. I am an amateur investor

The Fowler's go off into the distant Cotswold's hills...Earned a nice salary for a few years.. Always though it negative news when I heard who the Chairman was!

Win- one of the most dangerous posters on LSE as I said may times

I thought we might’ve heard from Dr Maccers aa he genuinely brought a slightly more upbeat perspective to developments and seemed reasonably confident that a new NOMAD could be onboarded.

Good luck to all, whether you were still a holder or already exited, whether you made or lost money on this share.

He may have eventually ran out of road, but he certainly ran out of gullible investors. His days were numbered when we had that plummet in sp in sept forcing him to put out that RNS stating all was well on the passenger fee payment. His business model was dead. Don’t understand why grandpa Pantheon stuck his cash in to prop up the business. I agree with misty that when we didn’t get transparency with the strategic review, moving from public to private was on the cards. Maybe baldrick disapproved and fell on his sword. Pete ( and his blood sucking family) just needs to keep getting paid salary and pension… if this keeps the gravy train going…. Then choo choo it is…………hope AimingHigh is ok….kinda liked the banter. B

Fowler announced over 60 MOUs none of which he was able to progress to MSCs. He stoked false excitement to support repeated placings

He is an experienced operator and gulled new investors into half baked schemes, using his role as senior security officer as a mask for honesty and respectability. His claims were amplified by some knowing posters on here

He also used the cloak of client confidentiality to hide the location of proposed MSc eg Iran, which he continued to promote after trump had been in office for a year

In recent years he has achieved contracts which unexecuted eg sw Africa, unexchanged eg Iran, aborted on announcement eg Liberia, unprogressed eg DRC or unsustainable eg tema, ferry and now unpaid eg Lungi and Gabon

Fowler is narcissistic to the core, and will blame, distract and withhold information but claim generous recompense for himself and family

It’s surprising how he has been able to get away with it for so long and may continue to do so- unfortunately the nomad and bod facilitated him - until the end

Well there you have it.

Genuinely sorry for all who invested and who are potentially looking at having lost their full investment and who were taken in by RNS after RNS supporting over £50 millon was it in fundraise after fundraise to support the WSG model and to fund a families lifestyle, all nicely in trust. The Boat, US bridges for Oil, all those always still active MOU's, Iran...

If I had been holding any this morning I'd be seething and in touch with the FCA and SFO to get it investigated. Check out what happened at Home Reit.

I'd also be eager to know who is paying the staff wage bill now and what is happening with the subsidiaries and with the shareholder assets like the headquarters building?

All the flags were there and there have been some good commentators on here pointing them out.

Hope eternal that something is recoverable out of this mess for all remaining holders.

Thanks

Aka another sucker.....

Oman….

Pantheon A Family Office Limited is a private investment firm founded in 2020, recognized for making strategic investments in various global enterprises, such as its notable equity stake in Westminster Group PLC. It is distinct from the larger institutional private markets manager Pantheon Ventures.

B

Thank you Misty ,

It's actually a family member still has shares here I was keeping an eye on this situation for them.

If anyone needs my personal contact information SFU an old poster here has my contact information.

Who is Pantheon? Another poster here ?

ATB to all here !

Best regards

Oman7; you are still the legal owner of the shares and they still exist.

Liquidity is your problem now,

If enough people are interested an OTC service might start or more likely if you all form a collective, a buyer (likely Pantheon) might be interested in a private trade/ via OTC. The more of you the better. Be prepared for a low ball offer though

Good Luck

First of all sympathy to all who have lost out here, the writing has been on the wall for some time, but we were locked in with no escape route. What I find as disturbing is the clear lack of due diligence exerted by the govt in spending taxpayers money placing contracts with such a questionable company. Having experienced commissioning decisions in other public bodies, the scrutiny exercised over "listed / preferred " companies is hard to challenge, despite more favourable options being available. Hopefully now Baldry has been removed, a lack of a "trusted face" will lead to the nest being harder to feather in the future.

As per David Brent: the bad news is that Wsg have delisted and you guys have lost your money. The good news is that I am promoted to ceo and chairman.

So…silver lining’

Lesson learned. Never get sentimental with a share. Get in get out take profits. Shaft them before they shaft you.

Sorry AimingHigh….. you were one of the hopefuls. B

Loyal shareholders shafted ,but that’s aim in general sometimes .We all now the risks and take my loss and carry on dealing ,sorry for those with huge stakes ,for me a few thousand quid down the drain .

Can now finally be laid to rest here,sorry for shareholders as many had faith,was it always going to happen but some deep pockets thought otherwise,down the garden path it goes,comes to mind disgraceful ...

Still keep an eye on that other one m8 GR wink wink some have had that faith over their to for years and years,look at it today shares in total jesus

Life and money is only short term in this world. Afterlife will be hell. May he rest in hell.

Quite possibly the most truthful RNS Fowler has ever issued.

No more jam it seems.

Wish Fowler a horrible afterlife. Karma will get him. Feel sorry for others also who have lost lots of monies on this share.

The BOD should be arrested and chucked into prison. They have eaten all the shareholders monies.

Finally sunk, what mess this company's been full of lies, false promises, been going on 4 decades, is fowler ceo there I believe, not honest man

Not even the good grace to include an apology to shareholders.

When the company can no longer do another placing as shareholders are fed up with constant never ending dilution, its curtains.

The company was never a going concern. Kept afloat by selling shares. Just as well it delists.

Sorry to all shareholders what a bunch of crooks

Isnt fowler going to keep the company going with Greystoke riding shotgun?

Balders was weighing them down- those guys can now really motor

The thing is though win is that it will be a great shame ( though not surprising) if this company goes down without a fight. Pete has duelled with many on here including me to defend this 💩…. and many a shareholder has come to the defence of Pete…. So to just slip away without any real accountability is quite shocking. No doubt Pete will say that if Ebola hadn’t struck SL or Trump had never become president or if Mango masks and vending machines had become “ must haves” or Africa never fought additional fees, or if Ferry’s had unbreakable prop shafts he would have made Westminster a billion dollar company….. shame it all went against him…. If only he had done that risk management course😂😂😂😂. See you all on the other side. B

Re-reading last months Trading Statement RNS with the announcements of NOMAD and director resignations, there was actually very little said by way of steps to address retaining their AIM status.

"We have announced the resignations of two directors and the NOMAD. We are currently undertaking a restructuring of the Board and advisor arrangements better to suit the future needs of the Group. We remain mindful of our need to secure adequate funding and that global events can still impact business outlook."

Restructuring board and advisor arrangements doesn't indicate to me that they planned to appoint a NOMAD or meet minimum board governance requirements. The statement also confirms that they need to secure funding ('adequate' ?).

I think tomorrow (or Friday latest) will just be confirmation. As previously stated it will likely be the minimal formal wording.

Au revoir.

Well only tomorrow to go….. I am pretty sure there is going to be a RNS in the morning… it’s binary…. Win or lose. B

I'm pretty sure there's a charge/charges against it

If I were a shareholder I'd be starting a collective to see if you can get some value in your shares.

Never know the Pantheon lot might want them, worth a go

48 hours to go🤡. Will the 2nd white knight appear?. Mr Pantheon was the first to throw his cash at Pete and that got him nowhere except poorer. Our new knight is an unknown from Africa who appears well connected with deep pockets. Pete is relation him to cough up cash and also get his millions back that are being withheld. Pete makes friends quickly, but once he has bled them dry he moves on….Wonder if there will be news in the morning?. B

Fowler has been ok at operations and growing revenues

Hopeless at making a profit and grossly dishonest in persuading gullible SHs (and now mr pantheon) to pay for his half arsed gambles and the fowler family lifestyle.

He is going to get away with it, and he is not reflective enough to acknowledge SHs losses and his own dishonesty. It’s ironic that he finally achieved some success with Gabon, but he hasn’t been paid, and the cash flow is too fragile to cope

I believe fowler thinks he is great however

Linton - agree, I think we’ll just see a brief perfunctory statement confirming cancellation of AIM listing and that will be it.

Fooler will be relieved that he no longer has to contrive anymore ‘jam tomorrow’ jackanory stories to con shareholders in to believing this was a company worthy of investment.

Sad for those stuck in this , there’s many been fooled by the Fooler.

Not expecting anything until Thursday after close. And even then it probably will just be a formulaic “company has not appointed a new nomad and so in accordance with AIM rules the admission of the Company’s shares has been cancelled”. Shame they couldn’t even be open on progress re new nomad.

But in the meantime, let’s pray for a miraculous rising from the ashes.

Fowler has consolidated his power and aligned with Greystoke- baldry and the Ned were summarily ejected

We are approaching a moment of judgement

Fowler may secure a new nomad and necessary funding- he is working hard to achieve this. Was he upfront about the underlying financial difficulties/non payment of MSC monies? I may have missed it

Beyond that we can make a final reflection on his tenure as CEO of a listed company

Furthermore, the Company understands that there is also speculation about the status of the passenger security fee in Gabon - for clarification a decree has been issued putting this passenger security fee into Gabonese law stipulating it to be collected by Westminster.

Remember these words from Pete last September…,absolutely highlights why Pete is so corrupt…This was a half truth when sat alongside the recent Trading Update. The TU confirmed that some airlines held back the fee, yet it was not mentioned in the Sept note😳.

It’s a bit like telling your boss that you ran tt work, but omitting that it was because you were being chased by a bear😂😂

Sums Pete up, and explains why he is in the mess he is in.

B

NED's not needed where this is going.

Waste of time trying to provide oversight to Fooler anyway.

From an RNS about a year ago….

Jing Zhou is a qualified solicitor in England and Wales, and a director of Pantheon A Family Office Limited, the Company's largest shareholder. She brings a wealth of experience in corporate transactions and legal matters. Ms Zhou's experience includes advising on buy-side M&A transactions in the renewable energy and financial services sectors. She has also advised listings on the Main Market of the London Stock Exchange and on various crowdfunding capital raises.

Ms Zhou holds an MSc in Finance from Bocconi University, Italy, a BA in Economics from Jiangxi University of Finance and Economics and is a Level 3 CFA Candidate.

Commenting on Jing's appointment, Westminster's Chairman, Rt Hon Sir Tony Baldry, said:

"The Board of Westminster is pleased to welcome the appointment of Jing Zhou, recognising the valuable legal expertise and strategic insight she brings to the company. With her extensive legal experience and strong track record in corporate law, Ms Zhou's appointment enhances the capabilities of the board, further reinforcing Westminster's commitment to maintaining the highest standards of governance and compliance. Her knowledge of complex legal matters, combined with her proactive approach to risk management, will be instrumental in supporting the company's continued growth and success in an increasingly dynamic business environment."

As baldrick has gone, who other than Pete can fill the boots left by Jing😂😂😂

B

Correct Foxy - parachuted in to babysit the bod under the terms of the CLN. Her departure nicely telegraphs the impending delisting imo .

Who would want to be part of the sh@t show that sinks the ship …..

Come from Pantheon?

Not even looking imo, this is why Janus left in a hurry I'd wager as well.

Not sure they have a quorum left for decision making😂😂. Just Pete and his CFO left… oh, and the kids probably.

All over next Thursday unless Pete finds his magic hat… and the rabbit 🐇. B

Another non-exec walks - what chance of signing a new Nomad now ?

Win4, I agree, this is orchestrated to de list imo

Personally, I don’t anticipate a new Nomad being appointed in time to keep their AIM listing. There’ll be some excuse regarding lack of time etc. but I doubt they are even trying to get one appointed.

A public listing is generally of no use to Fooler anymore and he pretty much hinted as such in messages regarding the strategic review. They’ve not been able to tap the markets and issue confetti for a number of years now - private investors have been fully milked so no longer serve a purpose. Keeping a listing is expensive, especially for a company that has very little money and has spent the last couple of years reducing costs by cutting costs. Now we have Fooler as Chairman and CEO to save a few quid and they probably can’t afford to replace the recently departed NED.

As you can see, it’ll be a massive surprise to me if this trades again on the LSE.

Difficult ask given the horrendous track record of WSG, who is going to put their name to this when one Nomad had resigned for undisclosed reasons

Anyone think they will appoint a new one in two weeks?

Apologies, I m an non trading days to go😂😂

Yep, halfway through the month…..only 12 trading days to go…… B

Nice to see a few of the old timers here for one last hurrah. A few more weeks and there'll be no SP to mull over and the posting here will dwindle much like the share price has done, down to nothing.

Does the Government hold shares?

You see the distinction?

Shows the government happy to renew contract ,doesn’t look like they are concerned .

Very good Reece…. But only 3 weeks to find a Nomad… too tok. B

Security contractor for government renewed

Ai estimates remain listed 40-55%

Fowler to remain in control as he is aligned with pantheons non dilutive aims, and they don’t want day to day operation Al headaches. New nomad possible as Gabon payments back online in May 26

Sadly for folk still holding this/traders locked in it certainly looks like this is going private via a delisting.

No talk of replacing the chairman and non exec who have resigned with Fowler taking chairman’s role as well.

I sense they will leave it until the time runs out for nomad to be appointed then delisting and they get the company without any regulatory oversight etc with final insult to shareholders who have supported this.

Another AIM shambles.

I assume our family office that holds 30% would prefer some sort of value preserved rather than admin.

Take the rest of it at 0.5p or delist and run as a private company for a few years.

Delisting saves approximately £600k a year and sacking the Fowler clan would save another £600K.

Aim has gone from a peak of 1600 companies to less than 600 now.

Aim has been one of the biggest investing scams of the last 20 years.

In the wind up party I wonder if they will go to Ramaswamy and fowler can pose for some individual photos or on the margins of the table with some dignitaries

Also he can punch the air with the paperwork as he did in the DRC contract signing meeting, whilst onlookers look at the floor in embarrassment

He said he wouldn’t sell his shares for less than a pound? Hhmmm…Not the greatest judgement

A new nomad would have to conduct their own due diligence on the business, and to what end?

They would find the same cash flow & compliance issues that prompted Strand Hanson to walk.

WSG has been a toxic and distressed business in the eyes of many Pis for years; it's now been confirmed by those on the inside.

So now we have a nearer deadline than the filing of accounts one - one month from yesterday to find a new Nomad or AIM cancellation it is.

Some will think it’ll be tricky to convince a new Nomad to take this on, others will believe that Fooler has no plans to find one and will just use it as an excuse, probably saying they just ran out of time.

Then there will be those convinced that it’s either a formality or that Fooler will pull it out of the bag and will stick with that narrative all the way.

Whatever happens end of April promises to be an interesting time and shareholders are locked in for the latest Fooler ride.

No chance - happens all the time without repercussions.

Probably one for the FCA or the Serious Fraud Office to get its teeth into if it goes under.

Some of our have had a long term relationship with fowler with his many pompous RNS promising such an exciting future, which he was always on the cusp of delivering. Some on here repeatedly pasted his MOUs and contracts, encouraging newbies and the gullible to invest, and pointing out the inaccuracies of the naysayers. There are some dim witted staunch loyalists here even now, but also some clever predators. Fowler has no respect for LTHs who he sees as mugs who fund him and his family- he’s grateful for our largesse but see ya! (Punch the air). A classic scam is the invitation to buy a Nigerian bridge- at bargain price- this has been similar

Agreed that going private is on the cards. For the last few years Pete has kept his trough full from private investors rather than going cap in hand to the markets, mostly mr pantheon. It leads one to believe that other than bucket shops, Pete struggles to get funding from his made up promises of more jam tomorrow. In other words, he has been outed by the market. He can keep face by sliding off slowly under a rock. Now that bawldrick has gone, his contacts in government have probably gone as well. I would say “ this is deffo going private” but to be honest, this has been run as a family business for the last 7 years at least. I can see Pete staying as chairman and making one of his kids CEO. Corrupt as they come this lot. B

Agreed Niceto; If this does go private, and I absolutely think it will, the warning signs have been there since November 2024