Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
C A Sperati (SPR) has announced it has entered into a conditional agreement for the sale of existing business and assets and a proposed investing policy, change of name (to Teathers Financial Plc) and grant of options to directors. A circular and notice of a 3rd December General Meeting to seek approval for the moves have been sent to shareholders.
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Comments
wildrides
What a POS this is …………… beware , triple beware.
Jason Drummons brother is Justin . The former CEO of MDC , Yeah you got it ! Media Corp PLC . Remember them . Drummond JU did not file any accounts for MDC so that Aim would delist them . And they did . Drummond JU and co walked off with the assets and left their website blank since August 2013 . Shareholders left with nowt as usual .
Strongly suggest you boycott this share until Jason pressures his brother Justin to set the wrongs right . At the very least put some info up on the MDC plc website to tell share holders what happened and where the assets have gone ?
Personally I would like to see Jason dish out free shares to his brothers wronged shareholders as compensation. Keep it in the family I say . What a disgrace .
Look what Drummond JU says about the above debarcle on his new company employer site ( I laughed until I cried !) :-
Ascend Capital Team Web page :-
Justin Drummond :-
Justin Drummond has had 13 years, experience with AIM listed companies having been an investor or co-founder of a number of successful ( dont die laughing – WR ) technology, telecoms and investment companies. In addition, Justin founded Media Corporation plc (“Media Corp”) in February 2000, six years after his first marketing business was established. Justin saw Media Corp listed on the London Stock Exchange just a year after its formation via the reverse takeover of Chrome Technology plc in May 2001. Having started with an initial £200,000 investment in Media Corp, the Group rapidly grew to a £50 million market capitalisation in just four years. Justin has successfully raised £35 million from institutional investors over the past 13 years.
Justin recently stepped down from his role as Executive Chairman of two AIM listed companies, Media Corporation plc and Brainspark plc to focus on Ascend Capital. In addition, Justin served as a Non-Executive Director of Coms plc since flotation.
(Coms! what were they thinking ! – WR ) Dont expect his brother to be any better !
Robin hood … Robin hood with his band of men ……. Robin Hood … Robinhood……
Another Aim POS destined to keep the directors in the style to which they would like to become accustomed with share holders money .
Tom Winnifrith
My sister is a mad believer in global warming & the money tree – doesnt make me a deluded lefty does it?
T
Juicin Drumroll
You’re backing a wrong ‘un here TW.
Jason Drummond isn’t guilty by association because of his brother, he’s guilty because he was there! http://uk.advfn.com/news/UKREG/2012/article/51217449
Read the MDC threads on ADVFN, read the players forums talking about Purple Lounge, read his patrolled & oft edited Wiki entry.
Bob
This is just the kind of POS you campaign against Tom
Take a step back for a minute.
Sam
What is your thoughts on this company now TW, was thinking of investing, thanks