1053 days ago
If a company undertakes a related party deal, its Nomad must approve, it must be declared as such in an RNS and the auditors must flag this up in the annual report and opine, in accordance with International Standards on Auditing 550 Related Parties, that the deal is kosher, that there is no “transfer of assets from or to management or others at amounts significantly above or below market value”. AIM dog Alien Metals (UFO) appears to have done at least two massive related party deals, implicating ALL of its three directors and with financier Richard Shemasian, brother of infamous promoter Mick, at the centre of the web and has declared neither. Its shares should be suspended at once until everything is out in the open and investigated.
The cast of characters involved are:
Daniel Smith – Non-Executive Chairman
Bill Brodie Good – CEO
Mark Culbert – Non-Exec Director
3124 days ago
After last night’s documentary on the BBC David Lenigas responded by sending me emails at 3.43 AM and 3.47 AM and by tweeting personal abuse. He did not answer questions about how he & Steve Sanderson ramped shares in UK Oil & Gas (UKOG) with unjustifiable claims about Horse Hill. Big Dave you want war? Ok tell me about Mick Shemasian.
