Member Info for gilesfitzh

I think it was the 28th June.

That's interesting. Last time I spoke to GS he said he was just back from San Francisco. I had asked what travel was like in the US.

@ BobbyAxlerod: I'm sorry but to say that "People could lose money that they can’t afford to lose." is not a point that you should be making. You should NEVER buy shares with money you can not afford to lose and also not with money you may need in the next few YEARS. If you are in the habit of buying shares with next months rent you will, inevitably, become homeless because NO ONE gets it right all the time, not even good old Warren Buffett.

I take my hat off to you HullFC4ever :) You obviously found that 'photo of DS a week or so before I did. I also spoke to GS shortly after I found it and asked if DS had resigned and, if so, why had there not been an RNS. GS was adamant that DS was still COO of ALGW and was not moonlighting. I then started telling him what I had found out about Lido/Oakhust/Kushner and asked if I could expect details of a deal to be announced. He simply replied that he would release an update by the end of the month (June). He later said June / early July to others and I am well aware that he has a history of thinking that things will be done more quickly than they actually will so I'm still OK that the update hasn't yet been delivered.

@BobbyAxlerod: (note that I have managed to get your name right this time) Just as a matter of interest when did you last do some serious trawling of the internet as research into ALGW? I do it regularly, though I have to admit that I have been lax while in lockdown, and there is information out there if you look for it. Obviously it doesn't give the detail of what GS is up to, unless, I suppose, you could hack his phone, but it does give pointers. HullFC4ever obviously found something, I have found something too. These may or may not be the same thing. Time will tell. I am confident in my investment. I am also patient.

I get the impression that VOX have been given the boot. They were managing the web site, rather poorly, but it would seem that a new web site is not up and running yet. No doubt this is one of the changes that GS has mentioned.

I'm beginning to think you used to post under the name Dynamo2 until you were outed as a de-ramper. Are you behind any other names?

“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”
“The stock market is designed to transfer money from the active to the patient.”
Don’t be impatient when it comes to your money…

“Remember that the stock market is a manic depressive.”
For any consumer of daily financial news, this will ring true. Equity markets swing wildly from day to day on the smallest of news, rally, and crash on sentiment, and celebrate or vilify the most inane data points. It’s important not to get caught up in the madness but stick to your homework.

Another thing you can be sure of is that if you see a negative post it’s been made with a purpose. An actual investor won’t do that as it will harm his own position and, if he has decided that his investment was a mistake, he’ll just sell up and move on. The only reason for a negative post is because the poster is ‘short’ and wants you to sell so he can buy back in more cheaply.
To check out a poster's history click on their name. Is it a recently created account? De-rampers tend to have to create new accounts regularly as their old ones are exposed. Check out the general tone of their posts across all the shares they comment on, all negative = a paid de-ramper. You have been warned.

ALGW need to access the US wealth network to acquire AUM and possibly finance. Lido (or any medium sized Asset Manager) needs to diversify and to protect their UHNW clients from a US Real Estate downturn. ALGW and Lido are a logical fit, SMA’s in an uncorrelated fund in a beneficial tax environment might be the answer to the Prayers of many UHNW families.

I am sure that GS and the team have been busy, take a look at DS’s LinkedIn ‘people viewed’ to get an idea of who he is connecting with these days. Why the delay to an update which he announced without being pressured to do so? Presumably he has ‘i’s to dot and t’s to cross.

@bots: I don't use actual stop losses. I might have a stop loss in my head but I would never actually instruct a broker to put one in place. I would not recommend anyone to place stop loss orders in a stock like ALGW. Quite apart from the possibility that other brokers can see 'registered' stop losses on their, much more comprehensive, version of L2 it's not difficult to guess where people might put stop losses, -10%, -20%. In a stock like ALGW where it's usually easy to move the sp with minimal outlay it's far too easy for someone to instigate a sudden rush of sell orders, push down the sp, trigger the stop losses and help themselves to some cheap shares. This is especially true after a day that sees the sp rise sharply as any 'new' buyers are likely to have placed stop loss orders.

A lot lower than the current sp.

If you haven’t already, have a listen to Zak Mir’s chart analysis from yesterday.
Yesterday saw a lot of churn and I imagine that some, less well informed investors than those who read posts on this, and other, BBs, who have been nursing paper losses for months if not years saw the opportunity to get out at break-even or a small profit or loss.
Those sellers, having now sold, means there should be little resistance to the sp increasing to 3.5p even 4.5p.
Of course if GS delivers really good news regarding Separate Managed Account(s) then 4.5p could become a distant memory.
I am still holding all my 10,715,000 shares and fully expect these to fund a very comfortable retirement in the sun :)

@jgj99: You need to read the post much more carefully m8. Hull says he found a 'smoking gun' and questioned GS about it and had that piece of evidence confirmed. Most of the rest of the post is his expectation of what that evidence points to.

The 'evidence' is not something that GS released but he has confirmed that it is real. He did not comment on what it actually meant though. There is no 'insider trading' as the evidence is there to be found if you DYOR.

I do not know if the link that I found is the same as Hull's 'evidence' but what I found was exciting enough for me to ask GS about it. He replied that the link I had found showed how hard they were working and that the update would explain all.

Hull's posted expectations match pretty well with what I think 'my link' points to but let's leave it to GS to give Chapter and Verse.

LOL sorry Bobby, just noticed that I did it AGAIN. Probably says more about me than you :)

Like I said I decided to leave it to GS to explain.

@BoobyAxlerod: No, I don't find it strange but then I also found the link to Lido Advisors. I also checked with GS who told me that it would all be explained in the update. I decided to leave it there and let him explain in case I didn't have the 100% full picture.

Bravo HullFC4ever, it seems that we have both found out about Mr Gregory Paul Kushner.
Here is a pointer to some more info. that is out there:
Corporationwiki(dot)com is your friend for US companies, go there and search for Lido Consulting Inc., click on the Network Visualizer, you may have to register but it’s free.

Gregory Paul Kushner is the central figure here and he owns at least 75% of Lido Advisors Holdings LLC which, in turn, owns Lido Advisors LLC ($5 billion AUM).

Mr Kushner’s bio can be viewed on the Lido Advisors LLC web site and I’ll save you time and effort by suggesting that you Google ‘Lido Advisors bicoastal buildout’ to get an idea of their operation.

However along with just about everyone else, Lido Advisors’ investments for their clients have taken a 15-20% hit since January 2020, thanks to Covid-19, and I’m sure neither they nor their clients are happy about it.
One solution might be to put some of their AUM in a non-correlated asset class which has a proven return of 10-15% p.a. in a tax efficient fund based in the Cayman Islands.
Do any of you know where they might find such an opportunity?
Is there a more compelling example of why you should DYOR and of keeping it up to date?

TR-1 from Mr Alder who is now a 4% holder. GLA