You are a Vasseti Zavarco shareholder you have rights.......

It's important to grasp that as a shareholder you have an irrevocable right to current accurate information and news from a public floated company that you are investing in or intend on investing in. This is a fact....

Let's start with their main website, Vasseti.co.uk.

I will break my website review up into daily blog posts to allow readers to digest all the information I post on a day by day basis.

Starting with the main home page, you are greeted with the groups themed colour, ubiquitous orange. Nearly all their associated companies of the Vasseti group have orange as their themed colour, except Zavarco the new name for Vasseti which has dropped any link to colour orange completely. What's the reason ?

The Vasseti site feels and appears as if it has been completely abandoned, the site is completely out of date and last year's 2014 AGM awareness banner still dresses the top right corner of the home page..... Professional ??

Personally, my biggest issue here resides with the fact that the website homepage mentions nothing of the name change to Zavarco neither does it offer any links to the new site or any automated diversion taking you to the new Zavarco website.... Why ?

You would think that a company floated on the Frankfurt stock exchange and making claims to becoming a leading telecommunications provider from Singapore to Calcutta would be diligent and precise in updating their news feed so that the public and their long suffering loyal shareholders can make informed positive decisions on whether or not to buy, hold or sell their stock. Not the case, their last news feed update which is presented to us in the most illegible of formats, shows us that the last press release was issued on the 13th of May 2013 !!!

Continuing with their last press release it states that they are "poised" to deliver the "VSAN" network up to and including  Kunming in China by the end of the 2013....!!

What happened ?
Is it finished ?
Have they given up ?
What's going on ?
WHERE ARE THE UPDATES ?????

Summary:
What an absolutely atrocious start to any public company's website and it really does in my opinion demonstrate their despicable lack of care and attention to their shareholders who grasp for information and hope that "all is okay" as they are presented with this sorry excuse for a website.

Vasseti / Zavarco has a duty of care to its shareholders, employees and the public to provide accurate and current information.

What do you think ?

Please share.
RR.

Why having a good Investor Relations Dept is important to a public floated company ???

DEFINITION of 'Investor Relations - IR'

"A department, present in most medium to large public companies, that provides investors with an accurate account of the company's affairs. This helps investors to make informed buy or sell decisions" taken from Investopedia.com

So what's wrong Vasseti / Zavarco why won't you answer my questions ?

Continue below with a cut & paste from an email sent to me from Bala S Maniam at Zavarco Investor Relations department on the 17th of November 2014.

"We believe there are things the management could work with concerned shareholders for the betterment of the company."

If that's the case then why will you not engage with me and answer my questions ?

What do you think ?

RR.

You FAILED .......again !!!

The 31st has come and went and the board of Vasseti / Zavarco have failed again to deliver the 2nd half interim report as stated on the their financial calendar......

Am I surprised..........no !!!

We are either dealing with idiots or fraudsters....we will uncover the truth.

What do you think ??

RR.

Short update.......

Quick update, zero communication from IR or the Board of Zavarco / Vasseti.

I see no point in continuing to review the Vasseti websites as it is clear they have been dumped..... Why ?  Is anybody's guess.

No sign of the 2nd half interim report yet....so we will watch this space.

RR.

Vasseti Zavarco Interim Report due will we get it ????

Interim Report day tomorrow at Zavarco (the new name for Vasseti).
According to their "Financial Calendar" they are due to publish tomorrow.
Let's see if the new management can be diligent as the previous imbeciles....sorry... management could not have cared any less and completely missed delivering the last two 2nd half yearly reports....

RR.

Vasseti Zavarco Annual Report countdown.......will we get it ? Who knows.....

I was passed this information today, the Zavarco (the new name for Vasseti) website has had a very recent update and it now displays a count down to the release of their audited accounts for Zavarco / Vasseti on the 25th of June 2015.

I must make it clear that although this would suggest the site is being updated and they intend on releasing their financials, I still strongly urge shareholders to consider the seriousness of the recent rise of red flags and the fact that Investor Relations and the Board refuse to engage with me must be taken as a significant warning sign that "all is not okay".

Be warned !!
RR.

Vasseti Zavarco Investor Relations refuse to reply again.....

I have had no response from the Board or Investor Relations at Vasseti / Zavarco. This is hardly surprising to me now and it does raise further red flags that the shareholders need to take action against now.

RR.

V Telecoms renamed at the Malaysian level.......here we go again.

V Telecoms a wholly owned subsidiary of Vasseti / Zavarco which has now been renamed to Aries Telecoms (M) Berhad.

Aries Telecoms the new name for V Telecoms........is this a SCAM ???

Aries Telecoms Berhad formally know as V Telecoms Berhad Contact us page, recognize the address !!

V Telecoms Berhad renamed to Aries Telecoms......

Their new Website which is just V Telecoms Berhad renamed.....

Why???

V Telecoms Berhad Company Reg No 400489-A has been renamed to Aries Telecoms (M) Berhad.

Why ?

Third company in the Vasseti Group to be completely renamed without a press release or notification to the shareholders.

I have emailed the Investor Relations & The Board for comment.

RR.

That Big Brand "V"......

Quick post to say that a colleague here in the office pointed out to me yesterday that all the companies associated all begin with a "V".....so why Zavarco ? It no longer fits into the big brand of "V"......

Vasseti
V Telecoms
VCB Capital
VCB UK PLC

RR.

Vasseti name change also changed at the Malaysian level ?????

Supplemental to yesterdays blog post:

I would like to add that the Vasseti name change also changed at the Malaysian level as well. From Vasseti Berhad to Zavarco Berhad....

See image  direct from the Malaysian companies register.
RR.

 

Raise a red flag .......

I'm going to kick of off this blog with what I believe to be one of several red flags.

According to the current appointments report from UK Companies House which I downloaded on the 22nd of October 2014. It states clearly in the filing history that on the 11th of August 2014 the company puts through a name change from Vasseti PLC to its new name of Zavarco PLC..................Why on earth would you do that ???

The company has been consistent and determined in building the brand name of Vasseti for many years now (which is normally accounted for as goodwill) and it up and changes its name without a solitary mention on any of their websites. I will do a separate blog post on the status of their atrocious and completely out of date websites.

The company is floated on the Frankfurt stock exchange, entry standard which simply means:

"Entry Standard is based on the rules of the Open Market (Regulated Unofficial Market), but it features additional requirements. For investors, this means increased transparency and more information. Companies contained in the Entry Standard have to publish an audited annual and management report on their website within six months after the official reporting period, as well as an interim report. Moreover, they are required to immediately publish any news or circumstances significant to the valuation of the share and or company".  Note: This is a direct cut and paste from the Frankfurt Stock exchange website.

Let me draw your attention to the text from above which states that "they are required to immediately publish any news or circumstances significant to the valuation of the share and or company". In my opinion a complete and sudden name change from their long standing brand name of Vasseti to the completely unheard of Zavarco would fall into that reporting regulation which I have highlighted above, but yet we hear absolutely nothing. Why ?

This was one of the questions that I emailed to their Investors Relations Department and although they acknowledged receiving the question they will not answer it !!

What do you think ?

Feel free to leave a comment or share please.

Best regards.
RR.

So why the blog ?

First of all, this blog is not in any way a buy recommendation or me advocating the purchase of any of the stock in the companies mentioned here in this blog. It is also not a personal vendetta and I have no desire for this blog to have a deleterious effect on the companies mentioned here either, if anything we just want the truth. Any information we present here will either be derived from personal opinions, information collected in the public domain or directly from other shareholders and sources who have given us their full consent to publish passed on  information on this blog.

So why the blog ?

I am a very concerned shareholder of Vasseti Zavarco. I have communicated with other shareholders who are equally concerned as to why the price of Vasseti Zavarco stock has hit and remains rock bottom.

During October 2014, I personally wrote directly to the Investor Relations department with direct and simple questions. The questions varied from  the progress of the company and the "Vasseti South Asian Network" (VSAN)  to their comments on what appears to be some red flags popping up regarding stock movement and in my opinion it's apparent inflated daily closing price (which has now ceased since I emailed them this concern).

To date, I have received three responses from the Investors Relations in total and none of their responses address any of the questions I had supplied. Any further questions that I have submitted are now met with silence.

So if IR won't respond then the very least I can do is try and reach out and rally other concerned shareholders and approach Vasseti Zavarco as a united group of shareholders rightfully demanding answers.

My personal opinion or intuition tells me something is not right here.

I sincerely hope that I am wrong, especially for all the shareholders (including me) who have believed in the ambitious plans of Vasseti Zavarco and in doing so have believed and backed this company with their hard earned money.

So that's it for now, please check the follow box for updates or check back once a week for any updates and please remember that any concerned shareholder or anyone for that matter can email me and be assured that anything they wish to discuss will be kept 100% Confidential.

Best regards.
RR.

Zavarco Vasseti shareholders just reach out ......

If you are a concerned shareholder like me, of the companies listed here then please feel free to contact me and please be assured that all information we exchange is 100% confidential.


Robert Ross.