Member Info for tank1

If you contact your broker they will supply you with a form to vote and a letter confirming you are a shareholder which will entitle you to attend the meeting and also vote. We should not sit back and accept Karim's action to line his own pockets at our expense. A short phone call to your broker should put a stop to Karim's fraudulent gains.

RNS states75% of shareholders is held by 12 shareholders. 2 of these are Interactive and Hargreaves, who are 'probably' not actually shareholders but brokers for 1000's private investors. If this is the case the RNS is some what misleading and if these 1000's of investors voted against delisting from AIM then the motion would fail and 8 Peaks would remain on AIM where there is at least some regulations to stop Karim and his cronies bleeding shareholders dry for there own financial benefits.
Karim fails to realise the share price is so low due his continual failure to deliver on his false promises of shareholder value year after year and the decimation of the SP year after year while he invests in companies where he gets a place on the board and a fat salary and travel expenses for his failures at shareholders expense.
If Karim's is defeated in delisting, the next motion should be to remove him and his cronies from the BoD, which is possible if the shareholders he has fleeced stick together. The SP would then fly.
The only posative is that Karim is finished on the stock market as nobody will every trust him again due to his dispicable conduct towards shareholders.

Wish he would kick Lee right out of RGO and into orbit, we would save a fortune in his absurd salary. We might even get someone with an ounce of decency and capability to make some investments other than in AIM listed companies to give share holders a return on their investments instead of lining Lee's pockets for failure.

So we make another investment in another AIM listed company.
The difference this time is Nicholas Lee (Investment Director and a shareholder of RGO) is also a director of Pires Investments and has been for quiet some time along with his mate Peter Redmond, who he was with at LDP before Redmond was removed from the BoD at LDP. In the last 2 years they have decimated the share price at Pires from 5.5p to 2.5p resulting in the need to raise funds, which is another failure by Lee while lining his own pocket at share holders expense.
This latest 'investment' absolutely beggar belief.

A hilarious statement:
At the same time, Nicholas Lee, the current Chairman of the Company, will be taking up a new role as Investment Director of the Company. This will enable him to focus more specifically on the execution of the Company's investing strategy.
They have forgot to mention that he has decimated the sp over the years as CEO with his execution of the Company's investing strategy while awarding himself fat salary increses for his failures.
The best position for Lee is in the circus as a clown.

with the same CEO - Nick Lee. The only person who has made money from the company over the last 10 years by awarding himself massive pay rises and appointments on BoD of companies we invested in and continually promising shareholder value while the SP has dropped 75% over the period. He got lucky with LDP years ago while all other investments have failed to produce. Now River Fort make our investments and the question is, what exactly does Lee do? The sooner Lee goes the better for all shareholders IMHO.

I understand the major supplier of building materials in Australia bought it. The royalties par panel will not be huge, but when the building market recovers over there it will give Leed some income without costs and the hassle of running a quarry/business and making and delivering the panels. The most important factor to me is the new investment is potentially global rather than a quarry stuck just outside Perth with a few years life span and a very flat building market. As with most investments, time will tell. I do feel the BoD are trying to generate a return for share holders.

Civex Group Holdings Pty Ltd sold for n A$500,000 and an initial investment of A$50,000 in an innovative construction technology company based in Perth, Western Australia called NXT TEC. Ltd (www.nxttecltd.com). The new investment is very exciting for Leed and unlike the investment in Civex Group Holdings, does not have a concentrated exposure to the Western Australian residential market but is a business with global potential. Leed will receive Royalties from sale of panels. Good news in my opinion as global potential rather than restricted to quarry in Western Aus. At least The BoD are trying to achieve something for shareholders and were not responsible for the poor/failure previous investments.

A good decision by the BoD in my opinion as market conditions are very poor in South Australia at present, with the outlook the same for the next couple of years, hence we would have been waiting a long time for a decent income from the panels. Next investment is crucial. Current BoD did not make any of the past disastrous investments, but they have tried hard to salvage them and I feel they have done well to sell the Quarry in South Australia and now have substantial cash in the bank. They have not been taking a salary for quite a while now, which shows they have respect for the interests of shareholders. Good Luck to all. Lets hope 2018 is prosperous for us shareholders.

Scotty277 I would be delighted to support a motion of "no confidence" in Mr Lee. He should have been sacked a few years ago when he awarded himself a massive pay rise and has decimated the sp/shareholder value ever since.

Definitely should be able to purchase at a lower price due to the fraud which devalues HM, which is good for us as the due diligence checks have discovered the fraud before we RTO.

HAIL........... the resident expert construction engineer/government minister from the Costa Del Basildon has spoken. RALMAO.

Totally agree with your post, although I think the BoD wanted to see how the business developed before fully committing themselves, but as I said in my post last Thursday (09.34) the suspension has pushed matters along faster than anticipated which can only be a good thing for us investors. Not sure about having to raise funds or share consolidation/rights issue as two of our BoD also sit on the Battalion BoD and matters for the RTO have been agreed in principle. Time will tell. Lets not forget that a RTO gives Battalion a stock market listing and the main investors are still here and bought in at 0.48p. Good luck all genuine holders.

tfl/rainbow chaser, you stated in your post - quote - no one in Parliament or wherever it will go will take any notice of a petition with a spelling mistake in it. (Totally false) Wassat informed you - But, the rules are quite plain, get the signatures and they have to take note... Irrespective of spelling. Hence your statement is incorrect/false. Get your mummy to explain it to you. Goodbye.

Correct factual post Wassat, proving our resident construction expert wrong again (TFL) who now thinks he's a Government Minister, but again states false/incorrect information.

just guessing, but I think it will be a complete RTO.

It looks to me like the BoD automatically assumed the investment of A$1.68 million in Battalion/High Mannor met with AIM rules of making an investment/RTO within 12 months, but as it was made a month prior to the change in the Company’s investing policy, only approved by shareholders at a general meeting on 12 February 2015, the AIM regulators have rejected it as not making an investment/RTO within 12 months of changing the investment policy. Unfortunately, rules are rules and AIM regulators are sticking to the letter of the law. This is a pain in the a*** for us investors as we are locked in (unless sold today) until the suspension is lifted, but it is not disastrous, indeed, it could turn out to be a good thing by pushing LDP along faster than intended. On a positive note, the BoD will have to RTO Battalion/High Mannor, which was probably always the intention, and should take 3 to 4 months to complete. If and when this happens, production and income should be in full flow and bode well for us investors when the suspension is lifted and dare I say that today is an opportunity to buy shares cheap prior to suspension. As Bigem and Steve58 quite rightly point out, the main investors are still here and have faith in the BoD. All the above is IMHO only. Good luck all genuine investors, see you in a couple of months.

tfl - (the now expert construction engineer) as usual, you try and de ramp anything positive about LDP. The photos are of the first layer of blocks laid. As with the first layer of any blocks/bricks laid, irrelevant of size, it is impossible to inter lock them until a second layer goes in place. The photos show what a massive saving of time and labour costs are gained by using these blocks, which cannot fail to be adopted by the construction industry in Australia, possibly world wide. It also shows why Cultural have been stock piling these massive blocks to meet demand.

Things finally starting to move at last. Blocks being delivered, revenue coming in. Looking forward to 1st quarter income figures which should move the sp in the right direction. GL all genuine holders.

Post recommended!!!!!!!!