Langbar International

It's difficult to fight a case when there are people making irrational and bigoted statements that damage your own integrity.

None of you are doing yourselves any favours by blaming one nationality or cutural or religious distinction and saying that they are all the same.

What you need to do is focus on what is important. Recovery of the funds.

Some of the shareholders do have the option of chasing the MMs for shorting the share, but this is not open to everyone. For the rest, the best you can hope for is that David Buchler proves his renowned abilities (for which he is risking his reputation by the way) and recovers what funds can be retrieved from the people that can not avoid responsibility:

The D&O and PI insurance
Nabarro Wells and Insinger Townsley
Lamberts Financial
and any other obvious targets

At this moment, David is working with Pearson to recover what they can. They are exploring all avenues - including the offers that have been made from unusual sources. But it will not help the cause of the shareholders to repeatedly attack one of those who is trying to get your money back. Sure he may have made a mistake and failed abysmally at his primary duties. All you are doing by suggesting that you are going to make him bankrupt, is question whether or not he should be helping you.

He is a shareholder too and I'm not going to enter into the debate over whether his company is really worth that many shares. As it stands right now, he stands to lose as much as you, if not more than some. Sure he has to take some blame, but wasn't it the fact that the statement was an RNS that encouraged you to buy, just as much as the content of the RNS. You believed it was the truth, just as much as he believed it was - if he was fooled by professional grifters.

I don't want to antagonise the shareholders, but it seems to me that the members are damaging their own interests by losing sight of the goal. There are parties that have exhibited guilt by their actions and statements and these are the obvious targets.

1. Rybak - for selling shares and failing to declare previous failed directorships
2. Lamberts Financial (and Arad) - for making a deal with CDs that now appear to have been non-existant
3. Regli - for not checking these when he was the financial officer (and his suspicious connection to Portus)
4. Menzel - for the connection to DIS and failure to disclose
5. Nabarro Wells and Insinger Townsley (especially Barry Townsley's political connections)
6. The LSE for allowing these two to validate the application and authorising them to list on the Exchange.

Some of the best points made recently were by two posters.

Firstly Lighthouse for saying this (although not for what followed it!):

"It is now becoming obvious that the executive members of these financial authorities actually regard the Private Investor as being free game, and more of secondary importance to their gaining obscene personnal wealth.

Rather than expend any determined effort in maintaining a fair and reasonable environment, it appears more important that these authorities now protect their incomes by burying any substantiation of the facts, and disguising what actually occurs outside of public view.

Stealing from the PI's, now appears big business from both directions and made easier through the placement of restricted information, procedural blocks, and the various diversionary tatics including use of Bulletin Board propaganda."

and this one from Paradox:

"I am not advocating moving on and completely forgetting about Langbar, I have written to the LSE and SFO and follow the daily controversy with interest- but what I mean is if you can detach yourself emotionally from the fight - by also accepting responsiblity for your own actions it will not hurt so much. In my case it was owning up to the fact that I had invested more than I could truly afford to lose. I don't mean to sound glib or sanctimonious and knew I would get comebacks. I just wanted to point out what had helped me in the hope that it might help someone else. I am not a pacifist just a realist."

Now whilst some of you are hurting extremely badly at having lost a gigantic amount of money, it does you no favours at this moment not to accept that it was your own decision to invest. Many of the smarter investors have confessed to me that they realised their error too late and that they made a huge mistake. But they DID accept that it was their error based on the facts that were presented to them and in the way it was presented.

As soon as you accept that there was a mistake, then you can start to determine how you correct your investment strategy.

Please, Please, Please do not make the same mistake again. Do as Clem Chambers suggested and diversify your portfolio into many shares. Don't put all your eggs in one basket. carefully check your shares and never, never, never invest more than 20% of your savings in the same share. Then you will never lose everything. You will be able to move on and accept the loss gracefully.

If the shareholders do get anything back - and I do have hopes that you will get something (without having to wind-up the company), then it all depends.

It depends on the abilities of David Buchler and his team (which presently includes Pearson). It depends on the work of the SFO, in tracking the criminals and their assets. It depends on the amount of assistance that you (the shareholders) give to Buchler and the SFO and finally, the amount of pressure that you exert on the people responsible for allowing Langbar to list with no assets.

Please do not blow the whole thing with petty racist squabbles. FOCUS on the important details. Chase the criminals using the internet to find more information on them. The papers reported Portus because it appeared on the website. If you found something equally interesting about the others involved - such as Rybak, Regli, Menzel, Arad, Demagistri, Michelutti, Krammer, then this would allow the press to use their investigative powers (and money) to dig up more dirt on the parties.

People can not help you unless you help yourselves. So please - no more racism or bigotry.