......IF we allow this bunch of scallywags to take a grip on the share price, manipulation is rife on AIM ?
Gotham City, Evil Knievel, Questor, Tom Who ?
Even small groups of shorters are taking the sp down on most AIM stocks after taking a short position. THEY are collaborating in unison and ( seemingly ) giving good reasons to say the stock is over valued. Mostly we don't know who they are but they are prevalent ?
>>>But please read this page first.<<<
Campaign to make organized short selling illegal. UPDATE
2.901 VOTES to date and rising as i type !
Derampers and rampers are now joining together in unison to short down stocks to almost rock bottom prices...and the trend is gradually over taking AIM completely?
However, short-selling syndicates are still ACTIVE against all efforts to stop them on many AIM STOCKS but investors are determined to eradicate this vile new culture that often ruins a company's share price depriving thousands of their hard earned and invested savings. IN SOME INSTANCES IT IS THE ONLY MONEY THEY HAVE LEFT !
C'mon lets get this up to 5,000 votes to make an impact. Shorters will argue that their activity is good for investors, enabling them to buy in on the cheap. Trouble is, they are gradually turning investors away from AIM for good and unsuspecting investors are not fully aware of the damage that is done. The sp may be much cheaper but £millions is knocked off the valuations and once bitten investors may never return. The sp may take months to recover?
Considering only those from the financial and investing community would bother to vote, this is a very good response. Other E-petition 'campaigns' can command votes from the whole population.
The Govt web-site e-petitions is going great. Votes are now closing in on 3,000, almost 2,800 extra in just under 3 weeks....investors mean business and wont let pi's condone short selling...no matter what excuse...it's morally wrong?
Why not cast your own vote?
Many argue that there is nothing wrong with 'shorting' and the City needs shorting to derisk their hedge funds? Go tell that to the thousands of investors that watch their life savings go down the drain. The City and its 'band of brothers' will gleefully take any action to profit at YOUR loss. It's about time the small investor got a better deal ?
Momentum is gathering pace and this campaign is moving faster than was ever anticipated, thanks to all you that voted and passed over the link.
The fact that these e-petitions require 100,000 signatures is not so important. THAT figure is required in order to get the GOVERNMENT to take ACTION!
What we are after is for the FCA to act and do something about organized short selling and we believe THEY WILL do so on just a fraction of the votes required. 12,000 votes by August 2014 is possible and that is our TARGET !
With the numbers of votes growing DAILY our campaign could be a useful lever for him to put pressure on the Govt to intervene and either make a ruling themselves or put pressure on the FCA. Either way, bringing AWARENESS to this diabolical practice is the most important issue here?
IF the FCA does nothing at all, we are at least bringing this practice to otherwise unsuspecting investors of the EVIL AMONG US ?
Remember, if you do vote - to check your inbox for a confirmation by e-petition.IF they have emailed you, click the link to then confirm that your e-mail address is genuine and your vote will be added.
Frenkel Topping Group PLC
27 March 2008
FRENKEL TOPPING GROUP PLC
(the "Group" or the "Company")
PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2007
Frenkel Topping Limited (Frenkel Topping) is the trading subsidiary of Frenkel Topping Group Plc, Frenkel Topping provides specialist independent financial advice on the investment of personal injury damages and clinical negligence awards. Frenkel Topping offers a complete service for all personal injury claims handlers, lawyers and individual clients, dealing with awards from a few thousand pounds to multi-million pound cases. Frenkel Topping's expertise includes asset protection, bespoke investment portfolios, analysis of periodical payments, Court of Protection portfolios and provision and setting up of trustee and receivership bank accounts.
Year ended 31 Dec
Revenue £2,757,411 £2,570,504
Gross Profit £1,674,385 £1,400,037
Profit/(loss) from operations before share based compensation and
provisions £250,847 £(93,649)
Profit/(loss) before taxation £47,134 £(446,641)
Cash generated from/(used in) operations £282,532 £(141,310)
* Revenue increased 7%
* Gross Profit increased 20%
* Profit from operations before share based compensation and provisions
increased to £250,847 from loss of £93,649
For further information:-
Frenkel Topping Group plc Richard Fraser
Tel No: 0161 886 8000
W.H. Ireland Limited David Youngman
Tel No: 0161 832 2174
This has been an excellent year of progress for the Group. I am pleased to
report that the momentum established during the previous half year to 31
December 2006 has been maintained during 2007, resulting in a profit from
operations before share based compensation and provisions of £250,847 (2006: loss £93,649) and profit before taxation of £47,134 (2006: loss £446,641). In comparison to last year, revenue has increased by 7% and gross profit has increased by 20%.
During the year the Group has generated cash from operations of £282,532 (2006: cash absorbed of £141,310). The net asset value of the Group as at 31 December 2007 was £4,749,122 (2006: £4,582,142).
These significant improvements have occurred as a result of the increase in the recurring income from the Funds in the Investment Management Service (FIMS) and in addition, the focus on revenue generation and cost control implemented across all elements of the business by the Board since 2006. As at 31 December 2007 the Group's FIMS had increased to £200m.
The Board does not propose a dividend.
International Financial Reporting Standards (IFRS)
These are the first year's results for the Group to be stated under
International Financial Reporting Standards (IFRS) and the comparatives have been restated on this basis. The date of transition to IFRS for the Group was 1 January 2006. The Goodwill in the consolidated balance sheet of the Group is attributable to the acquisition of the trading subsidiaries Frenkel Topping Limited and Frenkel Topping Structured Settlements Limited. Under IFRS3 the carrying value of the goodwill is reviewed at each
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