Langbar International

Wiganer

This is a bit contrary as imho there were some funds somewhere at some stage and they were recorded on BdB systems then the cash was moved out of the underlyer (how else could the scam of worked) but..

When SP arrived he no doubt reviewed a whole series of documents. One should have been an agreement (dated the day before his formal appointment) by which the company would issue 71m shares (thats doubling the number in issue) in exchange for a CD. I dont know if he signed it or it was signed before he arrived but it seems like on or about the day SP checks in the company accepts this toxic CD and dishes out 71m shares, many of which, may have been realised for hard cash.

Also, admittedly its academic but you say the Co accpeted a PN for the subscription when in fact it was puportedly a CD which as I understand it is a bit different as its supposed to be a PN issued by a Bank.

k