LSE listed Venture Capital Trusts - the ultimate PONZI scheme.

In addition to any Proxies I may have been given for the Octopus Future Generations VCT AGM in 2 weeks time, I thought I might have another go (my sixth) and try and buy share(s) in the market. What was I told? "The Market Maker will sell to you so long as you accept delivery in 18 months time"! This situation has been the same ever since OFG was created (with an ever reducing delivery period) because the Directors have not given the "broker" any authority under the shareholder approved buy-back vote. So any poor sap who has to sell (death, divorce, debt) before the 5 year tax claw back deadline simply can't. Further proof of the 5 year rolling Ponzis scam run by the favoured "Churn Finnancial Advisers" - upto 35% of shares now held in nominee names.. Don't anyone tell me that this whole scam isn't driven entirely by tax avoidance and outrageous unjustifiable "2+20" fees and a feeding frenzy for Howard Kennedy llp and the select few f...

All I did was ask for a copy blank Proxy Form for the forthcoming AGM as my share is in a nominee name so I don't receive it. You can read the detail on the other blog. Has no-one in the UK heard of the standard USA Proxy solicitation? Given the poor turnout at AGMs (2+%), history shows it shouldn't take more than a few dozen shareholders giving me their Proxy to carry the day and reject all Director elections. Might be worth trying at the next Gresham House AGMs as they still haven't honoured their AGM undertakings to all shareholders who were present that they would provide information after the meetings. You can check on their YouTube recordings.

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?)  

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...