119 days ago
Anexo (ANX) today says that shareholders have rushed to take up the 60p tender offer. They want out, they do not want unlisted loan notes controlled by a management team Allan Sellars and his ghastly Mrs Samantha Moss who are obviously prize turds of the highest order. The effective take private backed by DBAY is a shocking abuse of shareholder rights as I flagged up right at the start back in April, particularly in light of industrial scale share dumping at far higher levels by Sellars. It seems that others then came around to seeing eye to eye with old TW.
208 days ago
Disgraced Alan Sellars and his other half Samantha Moss have via fees, dividends and dumping stock taken more than £70 million out of Anexo (ANX) since its 2018 IPO at 110p per share. The stock peaked at 191p with the dastardly duo continuing to dump shares onto poor dumb fund managers, the shares are now 57.5p.
220 days ago
The letter is below and is pretty hard hitting, In essence rebels owning c 10% accuse the greedy husband and wife team who own 34% of Anexo (ANX) and offshore fund manager DBAY (which owns 28%) of sitting on information not available to other shareholders and using that to launch a low ball bid. And, of course, although Alan Sellars and Samantha Moss have taken out cash of more than £70 million via share sales, dividends and fees since 2018, the bid is in loan notes. Not a cent of cash is on the table.
226 days ago
Okay I accept that most folks also hold a dim view of journalists but, with the exception of penny share trader and phone hacking crook Piers Morgan, surely we are, as a profession, viewed less unfavourably than lawyers. If not, what is happening at Anexo (ANX), a main market listed law firm should change that view.
