[UPDATE 24 February 2026] 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?
UPDATE 24 FEBRUARY 2026 Following the publication of ELLIPTIC's accounts at the last possible minute, I wrote asking for a copy of the Register of Members including the warrants issued some time in 2023. Despite repeated requests I never got a reply which is a strict liability offence (s118.1 Companies Act 2006 with a fine of <£1,000 and a further 10% per day after the 5th day of default), and then to cap it all ELLIPTIC reported that only minutes after the Auditors had signed the accounts, the Directors had issued more than 15% of the entire issued share capital for a total of £1.59 (yes you did read that correctly) on the excersise of warrants valued at only £152,191 in the accounts for a company previously valued at nearly £200,000,000 by Albion and Octopus (Octopus' lesser 14% holdingis apparently worth £30,000,000). Dodgy/false accounting or what! What was going on? Is it all the fault of the Directors of the Albion and Octopus VCTs and the fraudster and liar Richard...