Dear former shareholders of LEM, LFB, LWI and LHH.
What is ongoing on WSE looks to be a big sized scam. At the moment we study all possible ways to claim back our assets.
Wiseguy started this petitions
http://www.petitiononline.com/sl01/petition.html
which aims into this direction. Please consider and sign up!
Greetz
Casper Trebuchet
CEO, Lemur Invest
3 comments:
Hi Lemurs,
just for information here a short mail I sent today to Luke Connel - I'm very curious what the response will be...
Best regards,
Positron Sands
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Hi Luke,
First of all thanks a lot for your response - I appreciate that it's important for you to stay in touch with your clients and react to their concerns. To me, this seems to be in general a good business policy.
Nevertheless, a few quite important questions remain open.
The way the delisting of DDE was handled seems all right to me - Delicious Demar is taking care of her shareholders privately and is doing a great job making sure everybody is treated in a fair way.
However, the delisting of the Lemur group raises a whole bunch of questions. As far as I am informed, all assets have been seized from Casper Trebuchet and he hasn't even been supplied with a shareholders' list to at least have a chance of paying back our investments. Now, the Lemur companies allegedly have been kicked out of the WSE and delisted by force due to a 'breach of WSE policies' (or rules).
As former shareholder whose assets have been converted from shares of a value of a few 1000L to some 18L in a surprise coup, I think I am entitled of getting a bit more information than that - what kind of breach? What exactly did he do?
There's one important thing to notice: Amongst the assets of Lemur - which had been partly owned by ME as a (now former) shareholder - were also 1.2 Million shares of HCL and - worse - BONDS (not shares!!) of HCB for over 1 Million. I co-owned these bonds as LEM and LWI shareholder - and Hope Capital does have some undisputable obligations to the bond-holders (one of them being to pay back the face value at due date!).
I would like to know what happened to these Bonds particularly - WTF shares for less than 20L do not reflect the approrpiate value of these assets (again, I have to emphasize: these were bonds, not shares!).
If you are interested in an open, fair and constructive relationship with your clients, an explanation would be greatly appreciated. It simply can not be the case that these bonds are now all of the sudden in your possesion, can it? That would be a bit too easy a trick. I am sure there must be some sort of misunderstanding.
I do understand that there might be reasons to kick Casper Trebuchet as CEO out of the WSE - but for sure even if such drastic measures have to be taken (that's totally your call) - there's no reason to simply seize the assets of his shareholders and not supply him with a shareholder list in order to at least have a chance to meet his obligations.
I am looking forward to hearing from you,
I hope this mail does not sound insulting or disrespectful - please believe me that this is really not within my intentions.
Best regards,
Positron Sands
Hello Positron,
congratulations to your initiative. I don't hope that your account will also be frozen in consequence. There are some people out there who cannot stand the slightest criticism...It might be interpreted as a loss of confidentiality…
There is little to add from my side. I just say that almost 50% of our assets where related to HCL shares or HCB bonds. Replacing them with WTF means that HCL and HCB are worth nothing. This should give us to think.
We offered WSE to delist. LEM then would have got the shareholder lists plus my assets and things could proceed. However, WSE preferred just to seize our assets.
I understand that WSE doesn’t like to see us leave and still own such an important stake in HCL and HCB. But if this is the problem an audit could have been made over those critical positions. Those values could be paid in cash and we could delist in a correct order. We then possibly would dissolve the company or list at another exchange. Possibilities exist.
But we all know that WSE didn’t publish any meaningful financial data during the last 8 months (if a company doesn’t post its financial data it get delisted because it brakes the TOS of WSE…). I don’t think therefore that such an audit would be in the interest of WSE. Either WSE wouldn’t convert HCL shares and HCB bond into useless WTF shares….
We are studying different possibilities right now what further steps we can take against WSE.
Casper
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