[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 RNS statement and then DYOR about "stablecoin" which in this case is more likely closing the stable door after the horse has bolted)  

[UPDATE 25 June:  yesterday's report from the Bank for International Settlements:

Stablecoins threaten global financial stability, central banks warn

this will be why the members of Albion Capital Group llp think it is something they can shovel clients money into whilst creaming off outrageous fees of more than 5% upfront plus ongoing yearly management and directors fees]

[UPDATE 1st JULY]

A formal demand was made yesterday that the AGM be held as a Hybrid meeting and not a Virtual only meeting. (see Financial Times 5th and 22nd  May and and ShareSoc thoughts and concerns - pdf copy without the covering letter/demand) at  https://app.box.com/s/57phnded0v8py5hhg8cpegm8q58go895 ) 

The Directors of all the Albion VCTs have been in breach of s319(a) and s369(s) Companies Act 2006 for the last 4 years (that includes in particular the "Quantexa fraudster" Patrick Reeve - Chairman Albion Capital Group llp) and should be ashamed of themselves.

This was highlighted at the most recent Albion Technology VCT plac AGM as shown by the YouTube recording (from minute 32.51) when it is clear that the Directors are in reality all "stooges" of the members of Albion Capital and will do anything they ask/say without question to evade their fiduciary and statutory duties to members and just hoover-up fees. 

The problem seems to be rapidly expanding to affect all members of The Association of Investment Companies.

On the Quantexa front.. I wonder how the Directors will deal with last night's filing at Companies House that not only confirms Quantexa's false filings but comfirms the non-existsnt $2.6bn valuation.

 

to be continued....

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