By Tom Winnifrith | Friday 16 February 2018
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.
On St Valentine's Day 2018 Ariadne Capital Group Limited posted a release on its website which contained so much fake news that it is hard to know where to start. But let us begin with who Julie Meyer says that her shareholders are. For what she says is pure 100% unadulterated horse and she demonstrates it in her own words. I really do start to worry about the old coot.
You will note that in statement one Ms Meyer differentiates between Ariadne Capital Limited which went bust before Christmas and Ariadne Capital Group Limited which is based in Malta and which she claims is profitable even though it seems unable or unwilling to pay its bills. In statement two of this St Valentines day own goal she then says who her shareholders are stating:
"Ariadne’s majority shareholder is Julie Meyer, but the company has founding shareholders who are some of the most important entrepreneurs in the world. It has created a management options pool of 25% for its team, not just the senior team, to participate in the wealth creation that the firm generates."
So which Ariadne is she talking about here? Surely, it cannot be the company that is in administration but the one on whose website this article appears and who are the shareholders. At the bottom of the article is a link to the "Ariadne Founding Investors" and boy are they impressive. Er.. except that the document Download the PDF HERE is from 2014 and refers to the company in adminstration.
So who owns Ariadne Malta, Ariadne Capital Group Limited. Er... as you can see HERE, all the shares bar one, which cost 1/10 of a Euro Cent to buy, appear to be owned by one Julie Meyer.
More to follow
No doubt, as she does God's will, Julie Meyer MBE needs no reminding of Proverbs Chapter 13 verse 5 and 6 (King James version natch) but for those Godless souls from the international business community who are on the shareholder list of Ariadne Capital Group Limited in Malta, oops I meant Ariadne Capital Limited in Administration, I offer a reminder.
A righteous man hateth lying: but a wicked man is loathsome, and cometh to shame.
Righteousness keepeth him that is upright in the way: butwickedness overthroweth the sinner.
Here endeth the lesson. Thanks be to Jesus Christ our Saviour and to his obedient servant Ms Julie Meyer MBE for clarifying who her backers are.