7 days ago
After yesterday’s revelations about Bluebird Mining Ventures (BMV), I have written to my link man at the FCA about its CEO Sath Ganesarajah once again.
15 days ago
Oh dear, Oh dear. This looks grim. Let’s start with the timeline. On 16 January Bluebird Mining Ventures (BMV) published an FCA Prospectus allowing it to use £600,000 worth of shares which started trading on 22 January. It also announced a WRAP retail offer which flopped.
21 days ago
I fear that the answer is not very much. Not because it shouldn’t but because the penalties handed out by the FCA are so utterly piffling. The FCA wants us to get excited as former Carillion CEO Richard Howson was yesterday fined £237,700 for his part in misleading statements being issued by his company. Put that in context. In his last full year in charge Howson trousered a total package of £1.5 million. His payoff when he left as the firm collapsed in 2017 was £660,000. He was CEO for five and a half years and his net wealth must be closer to £10 million than to £5 million. This fine is a drop in the Ocean.
47 days ago
Sath Ganesarajah the CEO of Bluebird Mining Ventures (BMV) has crossed us all, costing us millions, twice promising to put money in at one level so inflating the share price only to welch on a legally binding commitment. I have reported him to the FCA.
52 days ago
I just despair of the UK regulator at this point. After hours Bluebird Mining Ventures (BMV) finally published a prospectus that will allow it to issue a gazillion more shares and yet again its CEO Sath Ganesarajah has welched on an RNS commitment meaning that he us again shown to have created a false market in the shares.
68 days ago
Following the publication of the loan agreement between Sath Ganesarajah’s Skylake Management LLP and Bluebird Mining Ventures (BMV) on Christmas Day I have been contacted about Sath’s main UK company The BE Company of the United Kingdom Limited.
75 days ago
The document below fell into my hands via the Winnileaks service last week but I thought I’d save it for Christmas Day as the FCA should be all over a £1 million fraud against investors by the CEO Sath Ganesrajah and seemingly aided by the rest of the board. That fraud has seen investors lose 90% of their cash.
80 days ago
I have again written to the FCA flagging up that at the very least Bluebird Mining Ventures (BMV) CEO Sath Ganesarajah has breached the rule book in welching on a two million pound loan commitment – something that has cost we investors 90% of our money.
81 days ago
Some folks have been good this year and will get a present from Santa. Some will be naughty and will get nowt. The FCA? The Jury is out but just in case I have flagged up today that it will be getting a Christmas Day present from me. That and more Bluebird matters is in today’s email to my good pals at the Financial Contact Authority.
81 days ago
I wrote to the FCA yesterday asking for an investigation into the £2 million loan convertible at 2p Sath Ganesarajah pledged to provide to Bluebird Mining Ventures (BMV) in June. Yesterday he reneged on that and instead there was a bailout placing at just 0.15p meaning that those who bought on the back of the RNS pledge now sit on 90% losses. It gets worse.
82 days ago
Having spoken to folks who have seen the loan documentation between Sath Ganesarajah and Bluebird Mining Ventures (BMV) I have written to the FCA
82 days ago
I start with the Government gaslighting us on Erasmus and on base rates. Then it is Bluebird Mining Ventures (BMV), Blackbird (BURD) and Time Out (TMO)
82 days ago
In June Bluebird Mining Ventures (BMV) announced that its CEO would be putting in a £2 million loan with 0% interest rates convertible at 2p. The first tranche would be paid over “immediately.” The shares headed up to and above a guided NAV of 1.5p. The money never came despite repeated assurances that it would. And now it has been cancelled.
85 days ago
Sath Ganesarajah of Bluebird Mining Ventures (BMV) still has not put up the two Bernies he promised immediately back in June. So shares in his company remain uninvestable. And there should really be a Stewards over those RNS's which caused so many to buy the shares at multiples of today's share price so Sath us in my bad books. But he has penned an interesting piece on the AI bubble that you might enjoy.
90 days ago
Another day and another operational update arrives from Bluebird Mining Ventures (BMV) with more horse from CEO Sath Ganesarajah assisted by turd polisher, evil genius PR spinner Harry Chathli of Technology Minerals (TM1) infamy.
199 days ago
Bluebird Mining Ventures (BMV) has issued an announcement commencing that it “is very pleased to announce the further strengthening of the leadership team and provide further updates on the development of the company’s business”. How ‘pleasing’ is the news, with the shares currently responding around 4% higher to 1.35p?
