RE: SFB AND BALCOMBE UPDATES11 Dec 2019 20:36
Ocelot
Concert party Definition
"Ostensibly unconnected investors working in concert to make discreet purchase of a firm's shares. Each investor buys just enough shares to remain below the statutory level above which he or she must declare his or her interest. Their usual objective is to jointly accumulate enough number of voting shares to (1) manipulate share prices, (2) influence a firm's management, or (3) initiate a takeover bid. This practice is officially disapproved by securities watchdog organizations."
Well, we know now that they are hardly "Ostensibly unconnected" as Angus Prim, Dor, UKOG, Horse Hill developments and many more were listed in the same building. Directors of all these companies have direct involvement with each other including intimate Knowledge of Toxics 1st loan being written off when Angus sold HH as some were party to the deal!! He also received Dor shares for another deal, I can't recall which it was. Angus Also received many many multiples for the isle of white concession from Dor which Angus only paid £5,000 for?. (Some may wonder about the nearly £0.5 Million to Dor for Lidsey earlier in the year being connected but I couldn't possibly comment)
Now Given Prims directors are well known to the Angus Board and the Labrums own 19 % of Prim And Rupert 7.4% of Angus....................... The question again is what makes you think they are Ostensibly unconnected?
All information is available in previous company accounts and in NEX-Exchange-Bond-IM.pdf below
http://www.angusenergy.co.uk/wp-content/uploads/2017/02/Angus-Energy-NEX-Exchange-Bond-IM.pdf
http://www.angusenergy.co.uk/media/news/