Member Info for jarnold231

Given that the above company listing indicates that the sole director is a lawyer with a practice that offers business services, I think its quite probable that IIU Inc is a holding company established as a shell to conceal whatever they have actually bought.

Found one IIU Inc. Founded in Virginia in April 2018.... https://sccefile.scc.virginia.gov/Business/08310617

Aside from a comment in last year's full results (something along the lines of "the company is party to litigation") they haven't even confirmed that they're fighting a legal action over Panda. Cant imagine that the powers that be consider it worthy of explaining to shareholders what they've been up to. Another point, I'm still miffed as to who this IIU Inc. is - you'd think they might provide some greater detail. But of course not.

From CRV website: "They were not corrupted by fee structures that incentivised taking unfounded risks with other people's money. All interests were aligned." But they were corrupted by **** poor governance, a complete disdain for the "other people" who's money they did take and all the interests were aligned in their own favour. BOD and management are a disgrace. The amount of time I spend jumping through PRA hoops you'd think the regulator would go and have a look at some of the crap these companies are pulling on AIM.

Forgive my ignorance, but can one transfer held shares between two brokers. I would love to be in a position to quickly trade them if the opportunity arose.

I can't trade these shares online via HL. Have to call up their brokers and have them do it manually over whatever systems they're using. From memory this lack of functionality is due to only two market makers trading the share. This apparently makes it difficult for brokers to get an accurate spot price and therefore they restrict trading. Interesting to know if any other people are able to buy/sell online without having to call up.

It will be interesting to see what CRV say about whatever's happening. To the best of my knowledge the whole SRETAW case is not mentioned in an RNS, but has only been confirmed via the exceptional sleuthery of Karina / TC, court listings, the media and management comment at AGMs etc. As such, I wouldn't be surprised if the only indication that something's happened would be the financials in the 6 month statement in November...

Going to assume that IIU Inc is a holding company for the registered insurance brokers it owns, because the SEC do not list any companies by that name (although it could plausibly be insurance institute of utah or some derivation thereof). Usual objective I would imagine for a broker is to build a book and get acquired. I work in the sector and broker consolidation is pretty common.

Literally the only information that comes up on this company is in relation to the CRV acquisition. Always consider that to be somewhat suspicious imo. If they're into retail travel insurance and brokering policies for underwriters there should be a more visible presence, I appreciate that they are using a number of other brands, but I would have thought there would be something on the SEC webpage about them seeing as this would be a regulated activity.

God help us if they decide to turn the Brazil land into a tree plantation - we'll be here for decades waiting for an RNS to tell us they've grown.

Hey TC - re: Brazil - this is confirmed (adjacent state, not sure about exact proximity) per my post on 4 Jan jarnold231 4 Jan '18 Not sure if this has been mentioned / noted - Peter Gyllenhammar is a major investor in Cambium (AIM:TREE) which has timber assets in Minas Gerais in the neighbouring province to CRV assets in Caravelas. Not entirely sure where these assets are, but could be of interest considering he also provided Cambium with a $1.4m loan (6% 1YR, 8% forward) to redeem the mortgages on the plantations. If nothing else he's taking an interest in this part of Brazil.

Ah the one share - almost feels as though we're being trolled.

+1

Would that it were day 1

As ever 2016 06386 P SRETAW -V- CRAVEN HOUSE CAPITAL PLC (FM at 11 o'clock) 23 February 2018 does not seem to have resulted in any significant change to the sleepy status quo.

36Mills - this is due to you answering the questionnaire in relation to holding "Other complex investments". You would have received a message on 28 Dec (as I did) reading: "New regulation is introducing stricter rules around investments that are classified as complex. As a result, we�re changing the way we treat complex investments (also referred to as sophisticated investments), and this will affect one of your holdings, Craven House Capital plc USD1. Historically, we asked clients to complete a complex product risk warning notice before their first purchase. We used the risk warning notice to check our clients� experience in, and knowledge of, the risks associated with these types of investments." You then have to complete a questionnaire (which I haven't done) which presumably indicates your suitability to hold the investment. I'd not seen that message, and will review how to proceed vis-a-vis my own holding, but they will get a strongly worded FRO letter if they think I'm donating them to charity.

Not sure if this has been mentioned / noted - Peter Gyllenhammar is a major investor in Cambium (AIM:TREE) which has timber assets in Minas Gerais in the neighbouring province to CRV assets in Caravelas. Not entirely sure where these assets are, but could be of interest considering he also provided Cambium with a $1.4m loan (6% 1YR, 8% forward) to redeem the mortgages on the plantations. If nothing else he's taking an interest in this part of Brazil.

Litigation is being heard in Dublin

Some interesting changes here in recent days. I note that we haven't had a sarcastic article from everyone's favourite author over at Share Prophets. If you're still reading the board Tom it would be enlightening to hear your insight on the recent conversations between Messrs Pajak, Winters and Burrows that you so eloquently put pen to paper on 465 days ago...

I seem to remember that the reason for conversion into USD and the laughably abortive attempt to join the special funds section was to create liquidity... as usual ***cough*** things have been going swimmingly ***cough***. One wonders if it would be worth giving the Nomad a kick and then following it up with the AIM Regulator when they inevitably fail to produce any meaningful answer.