So Mogadon So you are saying we cant just call up Oli and say 'Hey its Beer/Star/Dazzle from the LSE BB we have shares and want an EGM? Well, how astonishing..........I really thought you could. AND the company can ignore any requests from people who are not in existence? Amazing.................
Dear Milliano I am not Sonia lets please put that one to bed. Who knows what will happen but a purposeful approach is more likely to reach a suitable conclusion than doing nothing. Oliver Fattal will not like receiving such a letter and it puts him in a difficult position. Do you ignore a letter from a significant number of your shareholders asking reasonable questions? Particularly if that letter is copied in to Aim/Nomad/Broker etc as well as news organisations. Hats off to The MadStork for offering to organise things. A few questions have to be agreed and a joint letter compiled nothing complex I suspect even the threat of a letter, which he will read on here, will put more pressure on him. Clarification of the reasons behind the suspension is important. An up to date synopsis of the financial state of the Company equally so. An honest appraisal of the position regarding the app - why are no new brokers using it. Tomorrow, of course, things could all change and Oliver might pull something out of the hat.
If people are genuinely interested in pursuing this then the first step would be to write a letter to Oliver Fattal and Jason Drummond requesting answers to a few specific questions and giving them, say, seven days to respond in the absence of which they are put on notice that an EGM will be demanded. The letters can either be sent individually or together, organised by one person. Anyone happy to do this?
Oliver Fattal is incorrect when he says that he cannot provide any information on what is going on. Aim rules merely state that negotiations in regard to RTOs should not be reported until they are completed. There is no rule against giving fuller details of the original suspension. There is no rule against giving details of a decision to rewrite the investment policy. There si no rule that states communication with shareholders can only be accomplished via twitter
I have a clue......................... Firstly it is only 5% of shareholders needed. There is no fee to pay but there may be costs involved in hiring a venue etc. Given the relatively small no. of shareholders it could be held in Oliver's offices. All concerned parties need to write to the directors at the registered office demanding an EGM for directors to answer questions regarding the company and provide up to date financial information. There is no need to have a spokesperson or nominate new directors though that is, of course, possible. If the directors do not give notice of an EGM within 21 days, having received notice from at least 5% of shareholders they become liable for a number of subsequent costs. No director will/should ignore this request.
It makes me sad reading your posts, Xcanarus, its like you just want to lie down and let them walk over you. You have been mugged, encouraged to buy shares while others sold out. Your attitude though is "Oh well, Que sera sera, nevrr mind" Better not make a fuss.....
Which FCA regulation on App security are you referring to Darren?
The app is a piece of rubbish and Oliver Fattal and you know it. This is why NO NEW BROKERS appeared on 12th January NO NEW BROKERS are on the horizon. SHARD have give up with the wretched thing, which could have been cobbled together by any teenager on a wet Sunday afternoon. It was simply a means to hoodwink potential investors to spend their money while Oliver Fattal was able to get out of a bad investment. Remember Darren, he has sold 80% of his shares. He KNOWS its garbage
You were humiliated on this forum by the poster Strong Lumbar who exposed your limited technological knowledge when he detailed exactly what was in the app and how much it would cost to develop. You embarrassed yourself when you insisted (wholly incorrectly) that companies could capitalise software development costs. How can merely deleting and re-installing the feed from the central data source prove that Shard are able to provide new offerings on the app? It does not. Its meaningless Finally, in a recent exchange of posts I asked you specifically to confirm that the app was completely secure. You did not answer. Its time to be honest now Darren and admit you are part of this scam and that the app does not work and is insecure.
You have no proof at all its working. 'As far as we all know' is meaningless..... Why do you keep defending/ramping this company and it worthless app? What is your agenda? I suspect you work for the app developers as any criticism of the crAPP provokes an instant reply from you
Yes, it doesn't work at the moment. See the messages on Tea Twitter account
Not just wages.................There is the rent and rates for Oli's luxury Kings Road offices, Nomad fees, PR Fees, Broker's fees, the Tea lady, legal advice etc etc.... The only people not being paid are the external app developers which is why it is not working.
Multibag? Are you joking? This app is nothing sophisticated at all. It doesn't do anything other than pass information to a central source and feed you some RSS back again. There are far better apps out there for buying/selling shares etc. This app HAS BEEN USED to market placings etc not being offered by others but at a flick of a switch ten other app providers could do it as well. There is nothing proprietary about this at all. If, for example Asda sold purple bananas through their app then they too could trumpet 'World's firs purple bananas sold through an app'. It doesn't mean anything. Anyone can do it. You are confusing what is being sold with the medium it is being sold in. Do you think I'm wrong? Well I think Oliver Fattal agrees with me. Two years ago he owned 14% of Sperati/Teathers and purchased more when there was an IPO. He only owns 3.7% now. His mate Baron Bloom owned 16% and has sold up. Other well known names have sold out too. Why do you think this is? These are the guys on the inside selling while they ramped this worthless app so unfortunate people like yourself bought shares while they sold.
Anyway Oli can you tell us how your £100,000 investment in Kentucky Oil And Gas is going? Your very first investment? Any chance you can publish the analysis you based your investment decision on?
Tweeted 2 hours ago openly admitting that the app was 'parked' and not working. He implied that he had more important things to do in saving the PLC. Given that his post states that the app is being run 'outhouse' and needs to be brought 'inhouse' why doesnt he just pick up the phone and kick arrse? Does someone need paying Oli? Also, if you sell a car Oli, you will get more for it working than as a non runner do you see? Have you ever sold a car Oli?
Haywain, the man who said seven months ago Tea was heading for a £10 million cap........ Can you enlighten us on how you came by this figure? Was it just a feeling you had when you woke up one morning? Did a gypsy fortune teller whisper it in your ear? Do tell
The people who "need balls and to get a grip" are those gullible enough to accept the company line without question 1) Disgraceful investments 2) Shares suspended 3) No new offerings through the app 4) No new brokers on the horizon 5) App hasnt been working for 2 weeks Still the sheep bleat on about how wonderful everything is
The fact that Oliver Fattal is best friends and business partner with Baron Bloom really tells you all you need to know about him. Oliver! As you read this bb why dont you tell us why Baron had to resign as a director of Sperati/Teathers?
Brilliant post!
Still, if its necessary for your business to have luxury offices in Kings Road Chelsea then fair enough.