Albion VCTs 2025 AGM nominations for Directors

As I analyse the "investments" held by AAEV ahead of its AGM to be held on 10 September it is clear that there are some serious questions to be answered... Just taking the aggregate of the 3 VCTs holdings of AAEV's audited "big 5" that account for nearly 50% of all its investments and - all amounts as at 31 March 2025 per Albion websites 1. Quantexa                     £ 126,343,000              AI Compliance (!) systems 2.  Proveca                      £ 41,348,000                 Neurology and Cardiology drugs for children 3. Oviva AG                    £ 23,504,000                 Digital health platform for diabietes/weightloss drugs 4. Gravitee Topco            £ 27,4...

The amount involved? £6,465,000   Once more demonstrating why Company Law Compliance is vital to prevent outright fraud. And all because Quantexa is a "right bugger's muddle" that can't even update its website to comply with the law despite endless prompts and reminders - just who are the Directors? Those declared at Companies House or the myths promulgated by Vishal Marria on his website? The AAEV accounting problem arises entirely from the different valuations used by the 3 VCTs managed by Albion Capital Group llp and the admitted congenital/pathological liars Will Fraser-Allen and Patrick Reeve (Chair of the Valuation committee), let alone the personal liability of Vikash Hansrani the other Designated Member and his endless lies to Companies House for Albion and the VCTs. Just analyse the values stated in the 3 VCTs in their RNS statements for September and December 2024 and March 2025 NAVs against the shareholdings shown in the "corrected" confirmation s...

No surprise here as they dig an ever deeper pit to cover-up the ongoing fraud.at Quantexa and transfers to the benefit of members of Albion Capital Group llp and ex-employees of ABRDN. Usually investors can rely on the integrity of "non-Executive" directors. ............................................................ [UPDATE 5 JULY] Following up on my post on SHARESOC, it would be useful if all readers would contact Ben Larkin, Chairman of Albion Enterprise VCT plc, to call for an end to Albion Capital Group's ridiculous stance on Virtual AGMs. [UPDATE 14 JULY] How long does it take for any member of Albion or Directors of its VCTs to make up their minds? Audited accounts (and AGM notice) for Albion Enterprise VCT plc are now a week later than last year. Will they arrive with more than the minimum 21 days notice?  Having pulled the above Notice from the Albion website, will the Directors let us know the date of the AGM asap and before they send out the Notice? How many o...

Interesting points raised in Will Fraser-Allen's latest, and only 2 weeks old, plea to Government "please protect us from being wound-up" from his and Patrcik Reeve's favourite trade association https://www.vcta.org.uk/_files/ugd/ed7722_4639fce60492463a966d5ddfc161cbc0.pdf Remind me: how does a PONZI scheme work? Raise money to pay out prior investor obligations. With EIS and BEIS it is now time to close down all VCTs and transfer their holdings to non-dividend paying (except from realised profits) entities. .............................................................................................................................. Today's letter to Lord Clarke of Nottingham, Honorary President of the VCTA.  The Rt Hon. the Lord Clarke of Nottingham CH KC House of Lords,  London SW1A 0PW and  Honorary President, Venture Capital Trust Association Dear Lord Clarke, Fraud, false accounting, Perjury and Breaches of Companies Act 2006 by the members of...

 All suggestions welcome... and do reread William Blakes "The Liar" before you start and ask yourself which of Will Fraser-Allen, Richard Seewald or Donald Trump is the real " red devil of mendacity " A few thoughts to start the ball rolling whilst we wait for the audited (!) accounts to land with a thud: 1. Why is the value of Quantexa not "impaired" as a result of the buy-one-get-one-free Series F share issue? True value is 50% of the last share issue price. 2. Were the Quantexa shares that were sold and deliberately and falsely stated to be "part of the Series F  £175m" actually transferred to other Albion managed funds? (No other explanation is possible given that Albion say they now own/manage 12% of all Quantexa shares - see AATG accounts - which is an increase on 2023!). Throwing good money after bad? 3. Does the Chairman really believe that investment in the Crypto related market is a proper aim for AAEV or any other VCT? (See 3rd quarter...

Given the current state of correspondence with the Directors of the Albion VCTs including over the misuse of "virtual" AGMs ...... ...... it has been concluded by all interested persons that the only practical approach to secure removal of all the miscreant Directors of all the Albion VCTs is to let the High Court decide on 15 October whether to uphold the application by the Directors of AATG to prevent solicitation of it's members to remove them from office, and then to use the subsequent Albion Crown AGM to full and forceful effect. An interesting autumn beckons. All other as yet unpublished disclosures in the High Court proceedings will be available in time for the CRWN AGM. The AAEV AGM should be interesting - to use a neutral word. [UPDATE] Well that was exciting... all over in 35 minutes. I was unable to log in to the LUMI platform for some unexplained technical reason so could not ask questions on the accounts, but was permitted to view as a Guest. 1.  The Chairman...