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Zafar Karim's mea culpa moment arrives re Eight Peaks Group

2018-12-29 02:52:03

Releasing news on the last trading day of the year, particularly late in the day is usually a red flag. None more so than when the party delivering it is serial value decimator Zafar Karim of Eight Peaks Group (8PG)


Eight Peaks Group and the Virtuals stock fugazi rolls on

2018-12-24 01:16:03

It did not come as a surprise that last week Eight Peaks Group (8PG) carried out a new placing given that the company was running on fumes as flagged by us only days before. We were surprised however at Karma Towers that boss Zafar Karim managed to convince more punters (err, investors) and, indeed, NED Lord Monson to throw more good money after bad. 


Zafar Karim's "timber" moment is upon Eight Peaks ref Virtual Stock!

2018-12-19 01:30:57

Following on from the piece published here at ShareProphets, the long awaited release of Eight Peaks (8PG) principal investment Virtual Stock Holdings yesterday reiterates the point we made as to how the end game is now upon Karim and his long suffering shareholders. 


Eight Peaks Group – imminent placing or de-listing?

2018-12-09 00:03:08

Last week’s release of half year results from Zafar Karim’s personal plaything (sorry, listed entity) 8 Peaks Group (8PG) provided much amusement here at Karma Towers. Where to start?


Eight Peaks Group – end game plays out

2018-11-29 05:49:17

The spoof on the markets that Zafar Karim has played out over the last few years, largely built around a self inflated (ie existing shareholders setting the price in a raise) valuation of VirtualStock is, we suspect, coming to the end game as evidenced by the incessant decline in the stock price on relatively modest volumes this last few months post the name change and consolidation.

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