VERTU CAPITAL ( VCBC ) posts its financial results as well ... 273K LOSS and AGM is announced.

VERTU CAPITAL ( VCBC ) releases its financial results and makes a staggering 273k LOSS.

Link to financial results - here 

"LONDON (Alliance News) - Vertu Capital Ltd, formed to acquire a target company or business in the financial services sector, on Friday said it made a net loss of GBP272,001 from its incorporation in September 2014 to December 31, 2015.

On April 19, the company announced that it had entered into a non-binding letter of intent to acquire VCB Malaysia Berhad, a company incorporated in Malaysia, for GBP350,000 in cash.

The proposed acquisition is conditional on due diligence, shareholder approvals, execution of the transaction and subsequent re-admission of Vertu's shares to trading on the Main Market of the London Stock Exchange.

Shares in Vertu were untraded Friday at 1.00 pence." 

London South East.

AGM is announced for the 23rd of May !!!   which gives you literally just 2 weeks to make sure that your name is on the REGISTER OF MEMBERS, because if your name is not on the register then you can't vote at the AGM. 

IMPORTANT NOTE -THIS IS IN PART HOW THEY SCREWED THE SHAREHOLDERS OVER AT VASSETI ZAVARCO PLC BY REFUSING TO PUT THEIR NAMES ON THE REGISTER.

My thoughts - So, the company is started 2014 and is then listed as a shell company during January 2015 on the London Stock Exchange. Then 15 months pass and the very best company for them to even considering buying are their buddies at VCB Capital .... give me a break ...

If I was an investor in this business I would be looking for the back door ....

DON'T GET MUGGED ...  INVESTORS BE WARNED !!!

DAVICTUS PLC ( DVT ) Annual Financial report is released ... Chairman makes sure he's not out of pocket !!!

DAVICTUS PLC releases is financial results Link - Click Here

"LONDON (Alliance News) - daVictus PLC on Friday said it made a pretax loss in its first year since formation, as it plans to make its first acquisition by January 2017.

daVictus was set up in February 2015 in order to seek business opportunities in the food and beverage sector in Asia, and began trading on the London Main Market in January 2016.

In the period from formation to December 31, 2015, daVictus did not make any acquisitions and therefore made no revenue, but made a GBP221,220 pretax loss as the business prepares to commence operations.

daVictus said it has not yet formally identified any prospective targets, but has actively reviewed a number of potential opportunities and aims to make its first acquisition within 12 months of admission."

London South East.

However, the Chairman of DAVICTUS PLC made damn sure he got his £200k loan paid back. 

"On 15 April, 2016, the Company transferred the fund £200,000 to fully settle the loan which was novated to Abd Hadi Bin Abd Majid per an agreement dated 18 January 2016."

Quote from the AFR.

What ever happened to the day when Directors of a company put the interests of the shareholders and the success of the company first ... before running to take their own money back ... that should tell you something about the integrity of the Directors ...

Point to note - the Chairman ABD HADI BIN ABD MAJID for DAVICTUS PLC is also the Chairman for VCB Capital, remember that's the company William Du's listed "acquisition company" Vertu Capital Limited is considering buying .... 

INVESTORS BE WARNED !!!

Are the private investors jumping ship at DAVICTUS PLC ( DVT ) ???

Yesterday we looked at the sell trades for DAVICTUS PLC ( DVT ).We have come to the conclusion that it looks like the shares that were being dumped are the original placing shares (see admission stats below). Placing shares are normally issued to private investors before the listing on the exchange.

It's all very odd and coupled with the links I would give this a very very wide berth ...

INVESTORS BE WARNED !!!

INVESTOR WARNING - DAVICTUS PLC ( DVT ) Share Trades ????

Over a million pounds worth of sell orders at DAVICTUS PLC (DVT) since it listed on the London Stock Exchange on the 29th Jan 2016...

Now that's a little odd ??? 

BE WARNED !!!

INVESTOR WARNING - DAVICTUS PLC ... ( DVT )

Another newly listed acquisition company that was originally in the hands of Shailen Gajera and Roslina Binti Ibrahim. Davictus PLC listing prospectus - click here

Roslina Binti Ibrahim is involved again.  She was a director of Davictus PLC from the day of its incorporation on the 5th Feb 2015 and guess what she resigns on the 19th Jan 2016, just 10 days before the company gets its listing on the London Stock Exchange.

Shailen Popatla aka Shailen Gajera is back too - Shailen is the original founder and majority shareholder of Davictus PLC. 

"On 8 June 2015, the existing Ordinary Shares were transferred by Minerva Nominees Limited and Minerva Services Limited, and 1,249,998 new Ordinary Shares were issued and allotted, to Shailen Popatlal as consideration for an investment of £125,000 in the Company."

"On 20 October 2015, the Company carried out a capital reduction that reduced its stated capital account by £2.00 by special resolution of the sole Shareholder at that time, in accordance with the Companies Law, with the funds being returned to Shailen Popatlal, as the sole Shareholder at that time, in cash."

"On 8 December 2015 a single Ordinary Share was transferred by Shailen Popatlal to Minerva Nominees Limited. The 1,250,000 Ordinary Shares held by Shailen Popatlal and Minerva Nominees Limited were subsequently transferred (in two transfers, one by Shailen Popatlal and one by Minerva Nominees Limited) to Robert Pincock for a consideration of £125,000 on 19 January 2016 and 26 January 2016. As a result of these transfers 1,250,000 Ordinary Shares are owned by Robert Pincock as at the date of this Document."

Quotes are from the listing prospectus.

So, the company is now owned by Robert Logan Pincock and if you think that name sounds familiar then you would be right.  It looks like Robert Logan Pincock is the younger sibling of Mark Logan Pincock who is the current CEO of ARIES TELECOMS PLC along with CO.Director Roslina Binti Ibrahim.

Final point to note, the Head Office for Davictus PLC is located at Paneagle Holdings Berhad which is owned by Zulizman Zainal Abidin and again he too is named in all the legal proceedings for fraud against the shareholders of Vasseti Zavarco PLC. Zulizman is also the professed owner of ARIES TELECOMS.

"On 11 January 2016, the Company entered into an agreement with Paneagle Holdings Berhad (“Paneagle”) pursuant to which Paneagle has agreed to lease commercial and office space to the Company for a period of one year from the date of the agreement."

Quote are from the listing prospectus.


Again Investors ...

BE WARNED !!!