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 slushfund to justify future fees and justify retaining their dismal skills. 

PEMBROKE - failed to write down shares by >£1m even though they had to take >93% of the new issue - a case of good money after bad? Just asking. NB the £4 figure has been around since Spring 2024 for management fee purposes.

PREATURA - revalued to £3.4755 being the price at which they subscribed for <7% of the new shares.




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