Langbar International

Apologies to those who read iii but i no some people do not.

Author The Wolverine
Date posted today 14:37
Subject For a few comments more!!

Moving on to my next observation, lots of moaning posts on here about, ah well they should have put out an RNS to reaasure investors about the process, or who the auditors are etc,etc, what a load of old cra..p.

They are not obliged to do anything of the sort, THEY have been the victims, yes we may as small PI s have money to lose, but that was our choice.

All involved with LGB form bankside to fund managers, lawyers, bankers advisors, MUST be sick to the bloo..dy back teeth of all the constant winging, moaning and general rubbish that the small PI s rant on about, yet they still bother to reply, that shows they do care, despite the fact they probably cant be bothered to reply, WHY ??, becuase they are all trying to run a F...ing business here, they are not just there to hold our hands,They know what they are doing, and its becuase of that long road they have travelled to get to where they are now, that they probably couldnt give a to..ss about trivial RNS news, its not the be all and end ALL,they just dont sit about thinking about the small shareholders, the shareholders that frankly matter, ie lambert, rybak and the institutions will be in full knowledge of the on going situation, and to me thats all that matters.

i believe as the share is suspended, they should keep entirely quiet,UNTIL they have as much good news flow as possible, think of it, they are in the final throws of a takeover, trying to buy or swap assets in portugal, the holland money, the press, the small share holders, they are very very busy men and women.

Imho the fact that they have been away now for over a week, speaks for itself, if there were no business there to save, it would not take A WEEK to work that one out, WHY?, becuase their bankers ,accountants, auditors, and lawyers would have advised pulling the plug long before now, imho they have purely bought themselves some much needed BREATHING space off the market to get the bloo..dy job done on variuos aspects of the present and future business, this takes time, BUT its been pearson style all along to get get the job done and in very very quick order,many here have forgotten that fact.
We all know how even just moving house involoving estate agents and solicitors can be like re inventing the wheel, well imagine how much time and effort and communication and correspondence is required from LAWYERS, BANKERS, ACCOUNTANTS, ADVISORS, AUDITORS MAJOR SHAREHOLDERS, to name but a few , involved in the RAF takeover, and the property deal etc etc, its one hell of a job to say the least, BUT many here act as if it should all be done at the drop of a hat,it could take several more weeks yet, RAF deal aside.
Lets remind ourselves here, this is real money, real people, real organisations, who apart from anything else, will required to be paid for their time, OOPS really sorry they will just continue to work over the last week when trying to establish if there is a fraud, becuase they know there is no money and they will not get paid, balls they will, these are seriuos organisations.

I work as a development manager in sales for a ftse 250 bank.I work in the field with sme businesses, now let me ASSURE you all, if you didnt know already, these procedures are tighter than a ducks arse,IF one letters is wrong on a direct debit ,its no good, end of story, my point is, many here think its really easy to audit or just simply sign off accounts, let me promise you all IT isnt,LGB has jumped through hundreds of hoops and continues to do so, and lets me tell you ,they have not fallen once, if they were to fall it would have been months ago, but the fact they havent, tells you WHY 4 or 5 fund managers bought in for the long term.
End of this rant.

PS, before i go ,ask yourself one more pertinantquestion,just for a few minutes, PUT yourself into the position of the fund manager, RIGHT i am now the fund manager of the famous gartmore smaller companies growth fund, i have a wife and two kids, i have spent 15 years getting to where i am now, i am a proffessional and so are the dozens of people in my vastly experienced team

Now then i had heard in the pub about this LANGBAR crowd, ah well dodgy brazilean drug money,holland, promisery notes etc etc, likely story.

Next thing i know we are approached by an ex blue chip company ,now MD of Langbar , who wants us and others to invest.

Hum, its a choker, but i here him out, hum i say again, let me speak to my money laundering officer, our due diligence team, our board, our lawyers, other highly respected investment managers in our sustantial company, NOW just to talk mind, i never mentioned investing, god forbid in a dodgy company like yours, what about all the people in the know on th iii board, they have advised me againgst even bothering to talk about it, oh ok then Stuart i will take it further, mean while as if by magic, merill lynch, university super, henderson, and tradex ca in canada are all messing about in the water aswell, what fun they cry, lets all go to jail, ho hum, forget martha stewart, we are going out in style.

So my point is, as the gartmore man, DESPITE all the very very negative comments, background, dubiety LONG BEFORE they were even approached,what a f...cking surprise, 3 or 4 of us idiots now own , oh sorry our thousands of shareholders own 10% + tradex 8.4% of this mickey mouse company LANGBAR, oh dear what will the board say,all that time and money wasted on research, deary me its a shame.
Point is, if there HAD NOT been a previous history of concern, THEN you could forgive the fund managers for being taken in,BUT that is far from the case,Their procedures would have been 20 times more stringent given the history, AND THEY still moved in,and some of you believe madshare and others, hum.