By Tom Winnifrith, The Sheriff of AIM | Sunday 6 August 2017
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.
Peterhouse Corporate Finance, Mr Greg Colliar, crap Nomad Northland, Mr William Vandyk are you sitting comfortably? You sure? Now read on for yet another horror story emerging from the AIM casino....
The Mail on Sunday today exposes a serial wrong'un, Brent Jolly, who has just been banned as acting as a UK Company director for 11 years after making a series of damning admissions about a scam investment firm he controlled. He fessed up that he allowed carbon credit investment firm Anglo Capital Partners Limited to trade 'with a lack of commercial probity' promising punters 25% returns after his company had already pushed through a 594% markup.
Natch the punters lost the lot, c£1.02 million, and Brent admitted that his company was just telling plain old porky pies.
This was not Jolly's only scam. He was also linked to Green Planet Investment. According to the Mail, It was closed down by the High Court after investigators found it was using false claims to raise £14 million, said to be for the development of a leisure resort in Brazil. The resort was never built.
It gets better Jolly was also involved with Privilege Wealth, described by the Mail as:
"a complex web of international companies that claims to offer big returns to investors by lending out their cash as payday loans. Earlier this year, the boss of Privilege Wealth's call centre in Panama, Christopher Burton, 45, from Nottingham, was shot and badly wounded in what police in the Central American country described as a targeted attack. Burton, who was working in Panama under a false name, was arrested in hospital at the request of Spanish police who are investigating him for alleged share fraud. The British arm of Privilege Wealth is under scrutiny by Companies House after failing to file accounts legally due in April. "
Of course this is the Privilege Wealth which AIM casino dog Eastbridge (EBIV) run by Greg Collier invested nearly all of its cash, £500,000 in a 9.86% coupon note. One of the reasons that IFAs were so keen to promote this investment product was the massive commissions Privilege paid to those introducing new investors. We were never told who trousered the commission on this note.
When that was announced the RNS was signed off by Nomad Northland in the form or Mr William VanDyk and broker Peterhouse - a long time adviser to companies run by Eastbridge boss Greg Collier. One assumes they did full due diligence on Privilege.
Better still Eastville then announced, on January 11 2016, that it was to do an RTO with Privilege, something we covered HERE. By June those talks had been terminated but on July last year the Nomad quit although broker Peterhouse which engaged in a number of transactions to keep the lights on at Eastbridge, with the financiers acting as principal stood loyally by. On 12th July 2016 the shares were booted off AIM for failing to compete an RTO within the timescale required by casino rules.
On 4 July this year Eastbridge was put into administration with shareholders losing everything.
So perhaps Northland & Mr Vandyke now working elsewhere would like to offer up a few thoughts about Eastbridge, Collier and Privilege? Or how about uber loyal Peterhouse? Or would Mr Collier care to explain who got the commission on the £500,000 investment Eastbridge made and who did the DD on the Privilege RTO, a process that went on for six months.
Over to you gents...
Never miss a story.
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