Member Info for bigkahuna

Baaa Baaa!

Tommy, if this was any other company there would be a lynch party at the AGM. But somehow the docile little sheep that have lost 10's of millions already that follow this mangement will be there patting them on the back and sanctioning another huge salary increase for their total incompetence. Where will the money come from to pay these inflated salaries at this seriously loss making company? Panama!!!! You couldn't make it up.

Are you short yet Tommy?

Looks like the inevitable slide has started. Apparently the new FD has a been involved with a few failed companies so that doesn't inspire confidence. Time to short a few methinks.

http://www.talkgold.com/forum/showthread.php?t=107305&page=5 The third person mentioned in the thread, as a person representing Hatfield-Oak, is Tord Myhre. He ran a small travel agency called Myhre Travel, and was one of the more prominent pushers of Plexpay before it was shut down by the police. At one time, he was trying to organise a Mediterranean "Plexpay cruise". (do a Google search on myhre + travel + plexpay, and you will find him) He now runs a company called Lochmaden Nuf, located in Gressvik in Norway, which is said to be doing telehone support for "Hatfield-Oak", which again is claimed to be the investment company used by AmityFunds. So, old pushers of Plexpay and WGI pop up all the time when you investigate this strange conglomerate of dubious Panamanian offshore companies.

what about Earthport then MJ I thought that was coming - some of the ROTR are keen to ehar the latest NH Well, today's news is that the company has signed a contract that should provide a £3.25m nonrefundable franchise fee expected to be received by Earthport on 21 December NH note the should NH because NH Earthport fees have in the past NH not showed up MJ (NJS - that is giving Monkey a run for his money) NH anyway, this is good news and the shares up 18% at 27p MJ But who is this deal with? NH Zink Financial SA NH and I can't find a website for them NH which is odd NH but they have a relationship with something called Hatfield Oak International NH which is an Earthport client NH http://www.hatfield-oak.com/ NH Our Mission The company will provide proven financial tools for corporations, individuals and families worldwide at affordable prices. We will further assist our clients in the educational process to avoid the unnecessary errors often made by others. Company Profile Founded by several parties from five different countries - all with long-term business goals. Duly licensed to provide Financial Services. (To see our License - Click here) Duly licensed to manage and administer International Business Companies and Private Interest Foundations. (To see our License - Click here) Duly licensed to distribute and manage Debit Cards, and operate Payment Solutions. (T

Something about this deal doesn't feel right, I don't trust it. It looks like good news but so did the ME one and all the deals with Lloyds etc that came to nothing. Still a sell in my book.

I have never seen a company traded on any stockmarekt when the auditor issued a warning like this :- "the disclosure made in note 2 to the financial statements explaining that the financial statements have been prepared on an ongoing basis, the validity of which depends on the Company’s and Group’s ability to generate sufficient cash flows to finance current and future liabilities as they fall due. We have been unable to obtain sufficient evidence that the Company and Group will be able to generate sufficient cash flows to finance these liabilities............Because of the potential significance, to the financial statements, of the matter referred to in the paragraph above, we are unable to form an opinion as to whether: • the financial statements give a true and fair view of the state of the Group’s and the parent Company’s affairs at as 30 June 2009 and of the Group’s loss for the year then ended; • the Group financial statements have been properly prepared in accordance with IFRSs as adopted by the European Union; • the parent Company financial statements have been properly prepared in accordance with IFRSs as adopted by the European Union and as applied in accordance with the Companies act 2006; and • the financial statements have been prepared in accordance with the requirements of the Companies Act 2006."