By Tom Winnifrith | Thursday 18 December 2014
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.
Shares in Beacon Hill Resources (BHR) are suspended now after an EGM yesterday failed to vote through resolutions allowing dilution to oblivion. The company will probably go into administration. But now I ask Chairman Justin Farr-Jones some questions about his friend the hairdresser.
I flagged up in a Bearcast the other day how a Mr Daniel Lark had invested c£56,000 last week at just 0.01p to get a 12% stake in the company. Why had he paid a premium to the price new investors would be paying if the EGM had voted yes? Who asked him to invest? Was this just a plot to ensure the EGM voted yes? Beacon refused to say whether Mr Lark had any business dealings with board members.
I have tracked down a Mr Daniel Lark who has had dealings with Chairman Justin Farr-Jones. He is a hairdresser who runs the Toni & Guy salon in Bromley Kent. I spoke to him earlier – pretending to be a university mate of Farr Jones – and he confirmed that he knew him and was in regular touch.
So Mr Farr-Jones, given that your pal, the hairdresser Mr Lark has lost £56,000 in a week would you answer the following questions:
And for Nomad Strand Hanson Ltd:
1. Did you verify who Mr lark was and that this investment was kosher in every way?
Merry Christmas one and all
Never miss a story.
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |