Gizo Posted November 15, 2022 Share Posted November 15, 2022 Slap on the wrists, £200 fine. Evens favourite. Quote Link to comment Share on other sites More sharing options...
BriT Posted November 15, 2022 Share Posted November 15, 2022 6 minutes ago, Gizo said: Slap on the wrists, £200 fine. Evens favourite. It doesn’t matter they only have to prove fraud and then I guess a whole new case will open up in the UK under UK Securities legislation for lying to the UK stock exchange in order to substantiate a bid that affected the market price of a listed company. Quote Link to comment Share on other sites More sharing options...
Gizo Posted November 15, 2022 Share Posted November 15, 2022 Nothing to see here Quote Link to comment Share on other sites More sharing options...
gossip1 Posted November 15, 2022 Author Share Posted November 15, 2022 (edited) It doesn’t matter they only have to prove fraud and then I guess a whole new case will open up in the UK under UK Securities legislation for lying to the UK stock exchange in order to substantiate a bid that affected the market price of a listed company. wow - interesting.. Edited November 15, 2022 by gossip1 Quote Link to comment Share on other sites More sharing options...
John Wright Posted November 15, 2022 Share Posted November 15, 2022 Please remember, he’s entitled to the presumption of innocence, and, you mustn’t post anything on here that might mean that a fair trial can’t take place. One or two posts are right on the line. 4 Quote Link to comment Share on other sites More sharing options...
gossip1 Posted November 15, 2022 Author Share Posted November 15, 2022 2 minutes ago, John Wright said: Please remember, he’s entitled to the presumption of innocence, and, you mustn’t post anything on here that might mean that a fair trial can’t take place. One or two posts are right on the line. Understood. 1 Quote Link to comment Share on other sites More sharing options...
BriT Posted November 15, 2022 Share Posted November 15, 2022 (edited) 33 minutes ago, gossip1 said: It doesn’t matter they only have to prove fraud and then I guess a whole new case will open up in the UK under UK Securities legislation for lying to the UK stock exchange in order to substantiate a bid that affected the market price of a listed company. wow - interesting.. There are market abuse rules which apply in the UK where parties have made take over bids for UK public companies. I’m fairly sure there is a requirement that any offer must be fully underwritten (ie, the offeror must have the means at their disposal to back up the trade). If the offer was backed by dodgy paperwork (ie, it had no real substance) I’m fairly sure the stock exchange can slam a market abuse claim against the offeror as they’ve used a false mechanism to move the market price of shares. Page 24 of the City Takeover Code covering false markets in shares and ability to back a bid. https://www.gibsondunn.com/wp-content/uploads/documents/publications/CityCodeOnTakeovers-AnUpdate-June2013.pdf Edited November 15, 2022 by BriT 1 Quote Link to comment Share on other sites More sharing options...
Steady Eddie Posted November 15, 2022 Share Posted November 15, 2022 41 minutes ago, BriT said: There are market abuse rules which apply in the UK where parties have made take over bids for UK public companies. I’m fairly sure there is a requirement that any offer must be fully underwritten (ie, the offeror must have the means at their disposal to back up the trade). If the offer was backed by dodgy paperwork (ie, it had no real substance) I’m fairly sure the stock exchange can slam a market abuse claim against the offeror as they’ve used a false mechanism to move the market price of shares. Page 24 of the City Takeover Code covering false markets in shares and ability to back a bid. https://www.gibsondunn.com/wp-content/uploads/documents/publications/CityCodeOnTakeovers-AnUpdate-June2013.pdf Makes sense otherwise people would be making stupid baseless offers all over the place that they could profit from and then pull out. Scales is a complete Walter Mitty character. This whole thing had no substance from day one. I also heard on the grapevine that the law firm that signed off the DD is now subject to FCA penalties but I still wouldn’t put it past him to try to con the Chief Secretary into signing something he shouldn’t have. Quote Link to comment Share on other sites More sharing options...
Roger Mexico Posted November 15, 2022 Share Posted November 15, 2022 1 hour ago, gossip1 said: I think it is beyond the bounds of credibility..I am sure the prosecution would have thought of that before pressing charges These are the people who brought the prosecution against the four anaesthetists remember. Who gets charged and for what and who doesn't seems to be beyond the comprehension of everyone (including sometimes the Deemsters). 1 Quote Link to comment Share on other sites More sharing options...
NoTailT Posted November 15, 2022 Share Posted November 15, 2022 (edited) 32 minutes ago, Steady Eddie said: Makes sense otherwise people would be making stupid baseless offers all over the place that they could profit from and then pull out. Scales is a complete Walter Mitty character. This whole thing had no substance from day one. I also heard on the grapevine that the law firm that signed off the DD is now subject to FCA penalties but I still wouldn’t put it past him to try to con the Chief Secretary into signing something he shouldn’t have. Sounds like a lot of if buts, maybes and hearsay to me! Do you mean the IOM law firm or another? Edited November 15, 2022 by NoTailT Quote Link to comment Share on other sites More sharing options...
Steady Eddie Posted November 15, 2022 Share Posted November 15, 2022 1 minute ago, NoTailT said: Do you mean the IOM law firm or another? Based near Windsor I believe. I said FCA not FSA. 1 Quote Link to comment Share on other sites More sharing options...
Mr Helmut Fromage Posted November 15, 2022 Share Posted November 15, 2022 3 hours ago, John Wright said: Please remember, he’s entitled to the presumption of innocence, and, you mustn’t post anything on here that might mean that a fair trial can’t take place. One or two posts are right on the line. For clarification: Jason Scales is an obnoxious over caloried gobshite It is absolutely fine for anyone to call Jason Scales an obnoxious over caloried gobshite Until legal process is completed nobody can call Jason Scales a Document Forging obnoxious over caloried gobshite. Because he might not have forged said document 1 1 Quote Link to comment Share on other sites More sharing options...
NoTailT Posted November 15, 2022 Share Posted November 15, 2022 2 hours ago, Steady Eddie said: Based near Windsor I believe. I said FCA not FSA. Windsor?? Seems a bit.. far away? Quote Link to comment Share on other sites More sharing options...
Steady Eddie Posted November 15, 2022 Share Posted November 15, 2022 2 minutes ago, NoTailT said: Windsor?? Seems a bit.. far away? Ones closer to home might have been more .. diligent .. I believe. Quote Link to comment Share on other sites More sharing options...
NoTailT Posted November 15, 2022 Share Posted November 15, 2022 (edited) 3 minutes ago, Steady Eddie said: Ones closer to home might have been more .. diligent .. I believe. I see this has been taken down. https://mannbenham.com/mannbenham-soars-high-with-ettyl/ Thought it was all Mannbenham when I read that when it was online. Edit: some things won't be deleted from the Internet I guess? https://www.manxradio.com/news/isle-of-man-business/mannbenham-act-as-legal-council-for-ettyls-stobart-air-acquisition/ Edited November 15, 2022 by NoTailT Quote Link to comment Share on other sites More sharing options...
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