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Open Letter to Paul Shackleton: Given the latest massive John Zorbas Alerion lie will you resign as MRS Nomad now?

By Tom Winnifrith | Monday 13 May 2019


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.


China fraud specialist Paul Shackleton is trying to restore his soiled reputation and personal finances as head of the Nomad team at Arden. But this is proving hard given the activities of Arden client Management Resource Solutions (MRS). Over the weekend, thanks to Winnileaks, we exposed the biggest lie yet told by Management boss John Zorbas over the dodgy as hell related party nest of snakes £1.32 million acquisition of Alerion. In friendship, I have written to Mr Shackleton asking if Arden will quit as Nomad now and explaining exactly why they must. I have cc’d in AIM Regulation.

To Paul Shackleton, Arden
CC: Marcus Stuttard & AIM Regulation

Ref Blatant & highly material lies by Management Resource Solutions

Dear Paul.

I write, again, about Management Resource Solutions having already demonstrated to you numerous untruths told by it regarding the highly dubious (undeclared) related party Alerion deal and other matters. As of yesterday, I am able to demonstrate the biggest lie yet which must surely make you resign with immediate effect. This company is not fir for AIM.

On 15 April Management was forced by my exposes to fess up to some of the related party aspects of the Alerion deal involving AIM bad boy Leon Hogan and his long-term partner in crime Christopher Grove. However, in the RNS Arden signed off on, the company insisted that:

MRS's directors have had no previous business relationships with Mr Talbott or Alerion.”

Yesterday I published a declaration signed by John Zorbas, the boss of MRS in which he admitted owning 25% or more of a company called Leinad as you can see HERE.  As it happens that declaration was last annotated by the aforementioned Elliott Talbott, the major shareholder and boss of Alerion.

The Leinad website has in recent weeks been removed but as you can see from a screen grab HERE its President was….Elliott Talbott.

I put it to you that the 15 April RNS statement was a complete lie about a highly material matter and that you at Arden were lied to by your client. As such I suggest that MRS shares are not fit to trade on AIM and before more shares are issued to insiders to be dumped on poor private investors you should prevent any further such transfers of wealth by resigning as Nomad with immediate effect.

I remain,

As ever,

Your obedient servant

 

Tom Winnifrith
The Sheriff of AIM



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