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[LATEST UPDATE: 1st JULY] Questions to be asked at the Albion Enterprise AGM...

 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...
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[UPDATE 12.40HRS] Today's AGM and Director nominations

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 All other as yet unpublished disclosures in the High Court proceedings will be available in time for the CRWN AGM.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...
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Ahead of tomorrow's AGM - interesting to analyse the valuations of investments.

1.. Why do so many of the entire annual gains for AATG fall in the 10 days after the merger with KAY? Were the shareholders defrauded? Who knew what and when?     It seems inherently implausible that the net £1m uplift in the Academia holding (entirely KAY) should not have been reflected in the merger terms.     There are other examples. Looks a bit like pre-booking income for fee purposes and PR. 2.  OVIVA : (3rd largest asset) Now here is an interesting case - the entirety of the gains since original investment are solely revaluations arising from £stg collapse against Swiss Franc.             What is OVIVA's present state with the NHS? Reports seem to vary. Worldwide Turnover is still reported as <25m. 3. PHASECRAFT seems that there is a 50% anticipatory uplift ahead of the recent Series B issue in May. Who knew what and when? Will the balance be claimed tomorrow in the 1/4ly update? 4. GRAVITEE TOPCO (2nd largest ...
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Update on the evolving Quantexa scandal in which Will Fraser-Allen, Patrick Reeve and all the Albion VCT directors are upto their necks in the mire.

Image
Copy of my flyer being handed out tomorrow. Print and fold over to emulate actual double-sided print
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What a surprise.... AGM Notice dated yesterday, announced this morning, and given more than 42 days before date of meeting. Now the fun begins

 Page 99 https://data.fca.org.uk/artefacts/NSM/Portal/NI-000118577/NI-000118577_213800TKJUY376H3KN16-2024-12-31.xhtml And unlike the more respectable Investment Managers, they still insist on Virtual Meetings so that the Chairman can suppress shareholder questions as has happened at previous Albion VCT AGMs.
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Proposed Nominations for Directors of the Albion VCTs to be proposed and voted on at the 2025 AGMs

To the shareholders of the 3 remaining Albion Venture Capital Trusts Initial request for support for the nomination of new Directors at the 2025 AGMs The last 2 years, and in particular the very recent events surrounding the Merger of the 6 Albion VCTs into 3, have revealed a catalogue of fraud, false accounting, misrepresentation, and decades of deliberate and grossly negligent regulatory failures, breach of contract and other unlawful actions by Albion Capital Group llp and its individual members all of which have been overseen by the present Directors. It is now time to hold the Albion individuals to account, to secure recompense for the past frauds, and to appoint competent individuals as Directors to hold Albion, or any substitute Investment Manager, to account for their repeated and continuing Breaches of Contract and endless backdating of documents to Evade liabilities to HMRC. The Companies Act and the Articles of the VCTs provide that any 100 shareholders who have subscr...
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