Tag: AIM

There are other details / strands to the story not highlighted above, but in a nutshell ML facilitated and was complicit in the shorting of NTOG for his own personal financial gain to the financial detriment of shareholders. You can read the facts HERE That makes his position as CEO UNTENABLE. He has to RESIGN.

Now some where along the line over the last few days, Nostra Terra contacted Tom Winnifrith or TW contacted them. In their attempts to spin their way out via a damage limitation exercise. It matters not who initiated. Listening to Tom’s bearcast yesterday, on ShareProphets which you can HEAR HERE. It became apparent that TW had not cross-referenced the evidence against Lofgran before coming out to back him. He had taken the word of NTOG/Yorkville as the truth. After an email string of 28 emails between myself and Winnifrith the penny finally dropped. He now has some of that evidence. I have written confirmation from the FCA that Yorkville/YA Global placed those shorts and that those shorts were LIVE. Whoever from Nostra and Yorkville it was that tried to mug Winnifrith off with lies regarding the Yorkville shorts should take note.

A pissed off Tom Winnifrith is not a man any tiddler on the AIM casino can afford. Lying to cover up lies never works. Winnifrith is far more adept and experienced than myself at exposing corruption.

Shareholders should be under no illusions, these are gravely serious matters and ones which require due attention by the relevant authorities. 

Further, and for the avoidance of doubt, it is considered that the CEO had established ‘special factual relationship’ with the shareholders in this case.  It is apparent he held a duty of disclosure of material facts to the shareholders and that he had an obligation to use commercial and financial opportunities, which had been acquired by him in office, for the benefit of the shareholders, and not to prefer and promote his own interests at the expense of the shareholders.  

Prior to the provision of the personal loan, YA had signed a SEDA with NTOG. It is understood that because the market price had subsequently fallen below floor price per the SEDA agreement, YA was unable to execute on the SEDA. The Loan Shares were used instead as a mechanism to enable YA to secure NTOG equity, leading to their shorting the stock.

The apparent misalignment of the interests of ML with those of the shareholders. ML made personal gains (he profited from being able to exercise warrants because of the finance provided by YA, who in turn profited by using the shares he provided to destroy company and share holder value) whilst the share price dropped c. 30% during a year in which the oil price increased c. 20%;

Share holders are now calling for an RNS from Nostra to do what they have been trying to do behind the scenes and that is to explain exactly what went on. Winnifrith has now asked for the Company to issue a statement and inferred that if the facts are as set out then Lofgran has to Resign. I have to tell investors that no RNS or statement will come. Because Nostra/Lofgran would have to impugn the integrity of the FCA. In other words they would have to call the FCA liars. The facts are crystal clear. Yorkville/YA Global placed shorts on Nostra using the CEO’s ‘Loaned Stock’ Lofgran made huge personal financial gains and was complicit in that shorting, furthermore Lofgran yet again deceived the market in the Holdings RNS of 7th October 2013.

In my experience, when CEO’s are exposed for malfeasance within their Company they will twist and turn at every opportunity to try to deflect away from that malfeasance. Which is exactly what’s happening right now.

There will be no RNS because Lofran cannot get the FCA to lie. And it is only official FCA confirmation that counts, such as the official FCA confirmation that I have in my possession that confirms that Yorkville/YA Global placed those shorts and those shorts were LIVE.

Resign immediately Lofgran. It’s not going away.

Viva

Dan