Langbar International

Are there any Lemming investor susbcribers out there! Googled Mr Edward Kalfiyan but have come up with nothing. Is this a bogus article too? Why would Mr Kalfiyan say Rybak and co paid €3 per share when that was obviously not the case. Where did he get that information from? Bizarrly, it seems as though Crown's shares were listed hundreds of thousands times higher in value than what Rybak and co had paid for them themselves. They must have thought that all their Christmases had come at once. It seems that Mr Kalfiyan led credence to this scam too imo.

This from Crown Crucified

According to an article by Edward Kalfiyan at Lemming Investor, CCO's seed investors held shares worth 278% of their original stake mid-December when the price was £7.50. If Kalifyan is correct the placing price was Euro 3, or approx.£2 a share, with 18.41m (100%) roughly distributed as follows: Rybak (7.6m/41%), The Demagistri's (6.7m/36.5%), Michelutti (3.3m/18%) and Regli (800k/4.5%). Excuse my ignorance if I'm missing something, but how come this placing money (£36.82m fully paid?) wasn't capitalised on the Balance Sheet? Until I read this article, I was under the impression that these early shares had been issued at par.