Langbar International

Guys,

I think it is very important that we DEMAND OUR SHARE CERTIFICATES and kick up as much fuss as possible to get them. Below is question I asked people on another thread who I have built up a good relationship with and respect their share trading knowledge! I THINK THIS IS A GOOD OPTION AT THE MOMENT. DON'T LET YOUR BROKER FOB YOU OFF. THEY ARE IN THE WRONG!

Let me know your thoughts?

groats118 - 20 Dec'05 - 20:52 - 23 of 26 edit


I'm hoping one of you more experienced traders on this thread i.e. Holmess, 911, M4US, Kiwi (NO DISRESPECT TO OTHERS) may be able to answer a question for me.

As some of you are aware I got caught up in the LGB (Langbar) fiasco recently and am trying to find out a way possibly; of getting my money back!

My question;

TD Waterhouse is my broker, where they hold my shares in a nominee account. I have asked them to issue me with share certificates (LGB) which they have said they cannot do. They have said that they cannot get them from the market makers. My opinion (don't know if right!) is that I have paid them for those shares, and at anytime thought if I needed my share certificate I would be able (pretty easily) to request them.

Basically what Im saying is do I have a right to demand my share certificate, which if they cannot supply means I can take action against them?

Any help from you guys would be appriciated!

G118

NineOneOne - 20 Dec'05 - 22:11 - 24 of 26


yes you can groats. Its your right to get the share certificates. you tell tdw that if the market maker cant supply the certificate within 10 days I will take legal action and approach the FSA. Tell them if the reverse was true, eg you sold shares for which you did not have certificates, they (TDW) would demand the certificates and if not they would take action against you. So you are doing excatly that.

I have read a lot of posters in same positon as yourself on the LGB, its a scandal. Demand the certificats off them and seriously threaten them with action and involve the FSA. Tell TDW to demand the market maker your certificates or your money back. ALL of those who hold LGB in their nominee account should demand their certs, that would really put the market maker up shits creek and get them to a heck of a lot trouble by the FSA, effectively having to make refunds or supply the certs (happened to one company eg RSV, where EVO had to reimburse money because they had short sold way above the number of shares in issue).

good luck

NineOneOne - 20 Dec'05 - 22:13 - 25 of 26


goto the FSA website :

and get the telephone number and ring them up. The more LGB holders contact the fsa the better. The market maker will not do anything until they feel shareholders are taking it seriously, then they will have to act, if they cant supply the stock (in other words the certificates.. as effectively they sold stock they didnt have) they will have to compensate.. eg refund.