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 of Will Fraser-Allen and Patrick Reeve's dodgy valuations. (minute 29 of the recording https://www.youtube.com/watch?v=UAYwlbjuOYY)

Any involved halfwit could have spotted this including the dreadful Ed Lascelles of Albion who is on the board of both Elliptic and Quantexa along with the archcrook and congenital liar Richard Seewald who is still submitting false filings to the SEC with the active connivance of British Business Bank plc and the FCA  (https://reports.adviserinfo.sec.gov/reports/ADV/319748/PDF/319748.pdf para M pages 2 and 6)  

Here are the facts: price per share of Elliptic Enterprises Ltd using valuations in VCT accounts

£ per share                      Octopus        Albion

June 2025                           21.70          24.80

March 2025                                            25.00

Dec 2024                            18.50         13.63

June 2024                           15.90        12.99

Dec 2023                            13.40         12.92

June 2023                           11.07        11.45        

NB. HSBC have just announced they are investing in Elliptic so it should only be about Albion's false accounting and not an investment write-off. Mind you HSBC are upto their necks in the Quantexa false accounts and fraud (see related blogs)


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