904 days ago
Broker Pello is still banned by the FCA from doing any new business while the regulators investigate a number of matters, notably how members of the Frangos gang including disgraced John Story broke IPO lockins on an industrial scale using accounts at Pello. Now another matter has come to light, a pre IPO funding round arranged by a company called Pluto Digital. Natch the liar Story was among those invested as were other gang members. However, the FCA has now forced Pello to write to its clients who took a punt with an admission. The email below is what was sent and, quelle suprise, it is utterly misleading.
3596 days ago
Twice in the past couple of weeks I have accused AIM Cesspit listed Astar Minerals (ASTA) of issuing an RNS that was a lie - HERE and HERE. Twice I have been pilloried by Bulletin Board Morons. On Friday Astar ‘fessed up via RNS and its chairman Andrew Frangos called me to thank me for forcing his company to set the record straight. The sinner repenteth, I am vindicated. The Sheriff of AIM is a merciful man and the incident is at an end, I move on.
Astar’s crime was to claim that it had JVs with two Nogel companies which were operators of assets (May lie) or had relationships with big names like Apache (June lie). In fact, as I clearly demonstrated, both were shelf companies. The wider Nogel group seems a complex beast and within it there are entities which could have made such claims but Astar had signed no deal with them. To claim as much was, Frangos admitted to me, wrong.
While the Bulletin Board morons ranted
