Time to start a generic blog exposing the gory details of the Government sponsored scam.
HOW IT WORKS:
1. Incorporate a plc with Penny shares
2. Apply to HMRC for approval
3. Apply to Financial Conduct Authority and London Stock Exchange
4. Appoint compliant directors.
5. Issue Penny shares for One Pound.
6. Invest only 30 pence per share.
7. Take initial and directors salaries on all investments.
8. Pay all interest earned to professionals and as Investment manager fees.
9. Apply to High Court to cancel 99 pence "share premium" so it can be paid out as dividends.
10. Value investments at higher of original cost or "thumb in the sky".
11. Repeat as often as possible
12. When you run out of money or can't realise investments simply merge the companies on valuations that you alone decide.
13. Join a self serving Trade Association.
HOW YOU FIND INVESTORS:
Go into partnerhip with Financial Advisers who, for large fees, will promote the scam as:
"HMRC will pay you so much that you have £1m in 10 years time that has cost you nothing"
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