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Why did (and still do) the Albion VCT directors lie to all the Members about the value of Elliptic Enterprises Ltd - will we get answers at the CRWN AGM?

With thanks to all the publicity about the awful Octopus situation, the size of the iceberg is now clearly visible.. Concrete proof that VCT Directors just manipulate Net Asset Values to suit their own ends. Albion Capital Group and the directors of the VCTs are guilty of outright fraud, false accounting and balance sheet manipulation before, at and after the time of the mergers by using valuations they knew (should have known and/or shall be deemed to have known) to be inconsistent with the bases that the VCT accounts state when compared to the "dog" of all VCTs - Octopus Titan VCT - that has every reason to "puff" the values and uses exactly the same bases of valuations. This amounts to fraud on the pre-merger and pre-prospectus shareholders whose interest were improperly diluted.... all for the benefit of the members of Albion Capital Group llp and the Directors ongoing fees. The Chairman of AAEV's words ring very hollow indeed about their rigorous scrutiny o...
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[UPDATE 18 September 2025] [other UPDATES 7 Sep and 21, 14 and 5 JULY] ALBION confirms that AGM's will continue to be held virtually - it stands alone among the 12 members of the Venture Capital Trust Association.

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[UPDATE 18 September] The Albion website now contains links to the AAEV AGM recording (YouTube) and the presentation slides. The Chairman confirmed questions were received before the AGM as he and his colleagues had requested.  Mine were neither put to the meeting nor answered, nor were the properly made Points of Order and request for Adjournment. Those questions and requests are now available under terms of qualified privilege for AGMs at:     https://app.box.com/s/1uy3dablcgtvwfnned1m6ylehnqxduvc Readers attention is drawn to the admissions in the recording that Albion is now set on Annual fund raising further confirming the PONZI schemes being run by it and the VCT Directors. Will Fraser-Allen confirmed the falsity and scam of the QUANTEXA Series F "funds raised". Neither he nor the Chairman addressed the ZERO priced warrants that dilute Albion's valuation by £50,000,000. I wonder what hasty action is being taken by the Albion Crown Directors ahead of it's forthc...
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As we all start to "gird our loins" for the next Albion AGM.... food for thought and questions for Albion's biggest investments

  https://garymarcus.substack.com/p/llms-coding-agents-security-nightmare If they can't even get their real world data and Company Law Compliance obligations in order, one has to wonder what is going on under the skin. Do read the article in its entirety and really worry about the entire UK sector - even (or particularly) when populated by ex MI5 and MI6 spooks as advisors who lie through their teeth about the amount raised in the latest Series F round.
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[UPDATES 6 and 7 AUGUST]....and the revelation of fraud and Market Abuse at the Albion VCTs just gets worse by the day

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...
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Albion Enterprise VCT plc audited profits for y/e 31 March 2025 deliberately overstated by 62% (yes SIXTY TWO percent)

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...
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Do any of the Albion VCTs pass the 80% test if Quantexa is revalued after it's latest buy-one-get-one-free "down round"?

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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...
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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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