Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just had a quick nose at the board and it's still no change, a bunch of "he said this", "you said that", "I know more than you" guff and nonsense, won't be long before someone accuses someone else of nicking stuff out of the fridge or not doing the washing up when it's there "on the rota". More gardening for me.
I think I've only bothered to post once before on this BB when I made my initial purchase at around 23p for 25,000 shares, just topped up along the way each time the bid hits 2.5p and now find myself with 254,112 as of today, nothing has changed here much regarding the assets or the company, why bother shouting at each other on a BB over something you can't control and have absolutely no power over? Personally a 2-3-4 year delay on proceedings which are inevitable means very little if my pot continues to grow, wars end, empires fall, but minerals and ores survive it all. Going out for another year or two to get some gardening done. GLA whatever you believe.
Lots of people thought that at 14p and look where it is, Fowler will fleece wherever possible, Leopard can't change its spots etc. Just be aware and in my experience of this mini me mafia family beware, alot of investors weren't as lucky as myself.
Haven't posted for a while as everything is in limbo after issuing a notice of intended prosecution of DP privately for fraud, apparently nothing can proceed further until the administration process is concluded which my solicitors have been informed should be within 3-4 weeks, they are confident that by bringing a private prosecution against an individual rather than the company they will be able to bring it to a satisfactory conclusion.
For me that would be DP being unable to hold any similar position again for at least 10 years. Any financial recovery/compensation of my investment would be secondary to me. I do hope that some form of recovery can be forthcoming for the shareholders here but it will certainly not prevent my intended prosecution from going ahead as I believe DP should not be allowed to have any part of any arrangement which may be made.
Total cost to date £210 (just under 1% of the expected loss I've had to absorb) and well worth it to create individual stress for DP. GLA
dyl79, it came out of nowhere for us pi's but not for "Dopey Duncan", if you believe for one minute he was unaware when he announced the pre AGM presentation of what was in motion by OF then you must also believe in Moomins, I hope to see him pushing a long line of shopping trolleys in a car park somewhere after what he's done to shareholders and believers here. Because that's the level of deciet he's engaged in and then fully expects people who have invested in good faith to roll over and take it on the chin. Many investors here aren't lucky enough to be able to absorb the loss and my heart goes out to them, not to a shyster who was fully aware of what was coming.
Incompetence isn't illegal but fraud is, the notice of proceedings relating to fraud by Duncan Peyton as an individual has been drawn up according to the new Fraud Act 2007 (revised 2020 relating to individuals) and forwarded today. £120.00 job done. I wish there was a middle digit emoji/symbol I could add, but I'll have to settle for for... UP YOURS PAL YOU WONT BE A DIRECTOR OR HOLD A DECENT JOB FOR 10 YEARS by the time we've finished dragging it through the proceedings which I intend to publish on Linkedin. I'm determined that Duncan Peyton will become a business Pariah.
For the benefit of anyone wanting to try to recover anything or just to set a precedent regarding what AIM companies "think" they can get away with, the new Fraud Act is quite a revelation that most are unaware of, my intended prosecution is of the individual responsible within the company, however, any recovery of monies will relate to me only as it's an individual prosecution and is irrelevant. The cost to me so far is the time with my financial advisor £80, plus £120.00 in solicitors fees to issue a letter of intent to prosecute. Dribble money or a weekend of camping not Glamping and worth every penny, point being that if you're sat on say 5K of losses is £120.00 well spent to be part of say 200-700 Notice of intention to prosecute under the new Fraud Act land on Duncans doorstep? For me it's been worth every penny and feels great. I'm off out to celebrate the new Fraud Act 2020. :-)
Hi Taverham, the whole of year 2021 and the period of 2022 leading up to the last RNS of any and all communications by DP to external and internal parties (including presentations and T.V. appearances i.e. SKY) will be the subject of investegation by the CPS. I have messaged the CFO via LINKEDIN to please inform Duncan of my intentions which will proceed from today. I'll keep the BB informed as it progresses but as of now I feel much better after spending a couple of hundred quid for the satisfaction of giving Dunkers some sleepless nights regarding possible jail time. These companies and individuals need taking to task and the latest sections of the Fraud Law enable it to be done.
Over and out for now as the garden beckons.
Hi Fair, no need for deep pockets after the fraud law changed in 2006 and updated July 2020. The CPS will take the case if it falls under one of the new sections, which this does.
The Fraud Act 2006 (the Act) came into force on 15 January 2007 and applies in England, Wales and Northern Ireland.
The Act repealed the following offences:
Theft Act 1968
Section15 (obtaining property by deception);
Section15A (obtaining a money transfer by deception);
Section 16 (obtaining a pecuniary advantage by deception);
Section 20(2) (procuring the execution of a valuable security by deception);
Reference to "cheat" in Section 25 (going equipped).
The new offences which apply in this case fall under Sections 2,3, and 4, which are given below.
Most Companies and individuals are not aware of these new sections.Fraud by false representation (Section 2)
The defendant:
made a false representation
dishonestly
knowing that the representation was or might be untrue or misleading
with intent to make a gain for himself or another, to cause loss to another or to expose another to risk of loss.
The offence is entirely focused on the conduct of the defendant.
Fraud by failing to disclose information (Section 3)
The defendant:
failed to disclose information to another person
when he was under a legal duty to disclose that information
dishonestly intending, by that failure, to make a gain or cause a loss.
Like Section 2 (and Section 4) this offence is entirely offender focussed. It is complete as soon as the Defendant fails to disclose information provided he was under a legal duty to do so, and that it was done with the necessary dishonest intent. It differs from the deception offences in that it is immaterial whether or not any one is deceived or any property actually gained or lost.
Drafting the charge
The focus will be on:
the prosecution assertion that there was a legal duty to disclose information;
the precise relationship that gave rise to that duty;
the information that it is alleged that the defendant failed to disclose;
Whether the facts as alleged are capable of giving rise to a legal duty will be a matter for the judge; whether on the facts alleged, the relationship giving rise to that duty existed will be a matter for the jury. For example, was there a solicitor/client relationship or an agent/ principal relationship?
It will be necessary to recite all three elements in the particulars of the charge or indictment which must be very precisely drawn.
Any gain or loss that occurred should not appear in the charge or on the indictment. The matter will, however, be relevant to sentence, compensation and confiscation.
Fraud by abuse of position (Section 4)
The defendant:
occupies a position in which he was expected to safeguard, or not to act against, the financial interests of another person
abused that position
dishonestly
intending by that abuse to make a gain/cause a loss
The abuse may
Ta Sang but yes they're in my name, don't get me wrong Sang I can afford to lose it, but I'm angry for everyone and determined that DP as CEO will have to defend himself legally against a charge of fraud, even if no monies are received back it will at the very least prevent him holding any similar roles for 10 years. He has single handedly brought real financial distress to many shareholders and therefore should and will pay.
Having consulted my financial advisor I will be bringing a private prosecution for fraud against DP and suing for my losses. In his words "there is no possibility that DP as CEO was unaware of OF's intention to liquidate for a minimumof 3 days but probably more" before the suspension took place.
A staightforward case of market abuse, but as he has advised it's much easier and cheaper to bring a private prosecution against DP for fraud as an individual. Next step for me is to issue a notice of intended prosecution via my solicitors and inform him of his options.
Oh dear, one post, one conspiracy, one D.ck.ead.
The fact is if they knew of the reason for this suspension at the time of the presentation and it is on the negative side but did not disclose it to the market via a RNS then they are going to jail, no excuses. I can't believe they would be so stupid, so I will spend the weekend chilling and cooking and see what Monday brings.
It can only be good news otherwise Duncan is going to jail, no if's or but's after the disastrous pre AGM video, market abuse at its worst by a CEO, if, and that is the point, if he went ahead with this diabolical vid knowing the outcome he will be found guilty and will go to jail, surely he can't be that stupid? Or maybe yes, it appears he can. I for one will be going for prosecution if the worst is confirmed, that being that he had full knowledge and witheld the information from the market.
Hi Phil, I may be stating the obvious slating Duncan and banging the war drums about him for over 2yrs, but the fact is I believe the company will see the light and place him in a locked dark cupboard for the foreseeable.
So in that forlorn hope I have been adding at each penny drop from 20p, my reasoning being that the business is good enough to survive just the one Incompetent Idiot on the board as long as the CFO doesn't do a DUNK we should survive.