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As for the obscene and excessive annual "Management" fees....(>66% of total earnings on the 1/3rd NAV held in cash just for starters)

If you are a shareholder, come along to the Octopus Future Generations VCT plc AGM on Tuesday 9th June at 33 Holborn where it all kicks off with a full blown analysis of the scale of the "other funds" investing in the same companies problems under the protection of the rule of Qualified Privilege applicable to shareholder meetings. Press welcome? Might need a bigger room. (Anyone care to guess why Albion set their AGM for the same day/time but will only hold it as a Virtual meeting? What are they scared of?)  
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[UPDATE 2ND May 2026] What a scam this whole sector is turning out to be. I thought Albion were bad but Octopus Investment Management is now excelling itself

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Not satisfied with the dire Titan situation (see my other blog), the just released accounts of the Future Generations VCT show that not only was it loss making in 2025 but every single one of its Top 10 Investments is held in common with the Titan VCT portfolio. Being incorporated  in November 2021 around the time of the Many Pet's Insurance fiasco means that Performance fees get reset on the commonly held portfolio.  Fund raising going on now! Trebles all round at 33 Holborn! No wonder everyone thinks Investment Managers are a bunch of ...... Come along to the AGMs on 9 and 18 June. ..................................................................................................................... [UPDATE 2nd May 2026] Food for thought, and a bit of Bank Holiday homework, for fellow shareholders to be seriously concerned about, and Octopus VCT and all other FCA's Investment Managers to prepare to explain themselves. Simply "follow the money" and comparisons to the r...
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A bit of light week-end reading. What do the initials VCT actually stand for?

Seems to me after a year of ongoing High Court battles where the Directors of so many VCTs have just thrown more than £1m of unrecoverable shareholder money at outrageously padded legal bills of Howard Kennedy llp (solicitors to 95% of all VCTs and independent decision of the High Court of overcharging and improper duplication of fee earners by more than one-third of amounts claimed and paid by the tame directors); a British Virgin Islands resident opportunist being paid to prevent Octopus Titan Directors having to be in front of the Court;  https://www.jtcgroup.com/people/anna-silver/  (You should see the documents I am prohibited from disclosing) and improper collusion by the Directors of all the VCTs with so many firms of Chartered Accountants to hide their otherwise statutorily discloseable hours and charge out rates (upto £1,500 per hour!), that the only possible conclusion is that the initials VCT demonstrably stand for: V ultures, C rooks and T hieves. VCT  direct...
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Proof of the false valuations perpetuated by VCT managers and their "secondary funds" run off the back of the VCT unjustifiable fees?

https://www.institutionalinvestor.com/article/investor-advocates-ask-fasb-reconsider-guidance-secondaries Who would buy a used car from any of the management companies run by the Directors of the AIC? 
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Will 2026 see the final denouement and elimination of all VCTs by HM Treasury?

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HM Treasury's "Call for Evidence" is open until 28 February.  https://assets.publishing.service.gov.uk/media/69317e5ecdec734f4dff424f/Tax_Entrepreneurship_CfE.pdf   It really is time to stop-the-rot of FCA Authorised Investment Managers ripping-off the whole of society.  Albion VCTs in the High Court in March and October Octopus Titan VCT first High Court hearing April  But where does one even start with the Gresham House VCTs and their truly abysmal investment performance (share price nearly 50% lower in last 5 years) after including  annual fees running at least 5 times the fees allowed on their other non-VCT funds which account for >25% of all monies. What a rip-off. The just published accounts really do prove the existence of the PONZI scheme/scam and that VCTs exist solely for Fees,Fees,Fees and new monies raised mainly to rip-off HMRC for a tiny few of the ultra-rich "rolliing-over" their investments every 5 years as shown in the WealthClub public...
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A seasonal present from the Directors of Pembroke VCT that proves the scam of false valuations solely for unjustifiable Investment Manager fees and to scam new investors in successive prospectus.

  A last post before the Festive Season... As Michael Lewis (author Liar's Poker & The Big Short) says - I paraphrase -  Investment Managers and Dealers are a cancer in modern society ... Well the  OCTOPUS ,  PEMBROKE  and (to a minimal extent)  PRAETURA  VCT managers certainly have some questions to answer in the simple and specimen case of  SEATFROG   https://seatfrog.com/  and company no: 11265801 Starting with the Company Law and related FCA filings at the National Storage Mechanism we find the following: SHAREHOLDINGS pre 18.07.26 issue @ £3.4755 OCTOPUS :         4,816,354 valued at £2.74 each PEMBROKE:      1,815,637 valued at £4.00 each PREATURA:      195,979 valued at £2.55 each So what did they all do in July 2025? OCTOPUS - nothing because it is part of a £10m deliberate underreporting of current values compared to new issue price to create a hidden sl...
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"When your fund turns $1 into 60c..."

Do read yesterday's Wall Street Journal "The Intelligent Investor" https://www.wsj.com/news/author/jason-zweig for a detailed explanation as to why NAV stands for "Not Actual Value" in funds that control redemptions and buy backs. Classic PONZI scheme for all VCTs. Redemptions only when new money raised. 
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