Posts

PROXY SOLICITATION - Octopus Titan VCT plc AGM 11.00hrs Thursday 18 June 2026 at 33 Holborn, London EC1N 2HT

Will this be the last ever Octopus Titan VCT AGM held in Holborn? Looks like it.  https://www.cbre.co.uk/property-search/office-space/listings/details/UK-GLDE-177051/33-holborn-london-ec1n-2ht Perhaps it also explains why Octopus have just reduced their staff by 20%.  . PLEASE COME TO THE AGM   IF YOU POSSIBLY CAN.  Together with all the resolutions proposed by the Directors alone, the matter of asking the Directors to propose a meeting of all shareholders to consider, and if thought fit vote for, liquidation of the VCT as the logical best solution for all shareholders will be up for discussion. Why? FIRSTLY: The chances of any new fund raising for the "worst ever performing VCT" are Nil. No-one in their right mind would ever consider buying this dog even for the now reduced to 20% up-front tax relief - and Octopus have 4 other VCTs, 3 EIS funds and multiple other managed funds some of which they are "pumping" like crazy for new monies. SECONDLY: The Directors h...
Post a Comment
Read more

[UPDATE 20 MAY] Following yesterday's filings in the High Court, the panic at 33 Holborn and 1 London Bridge is palpable.

Image
[UPDATE 20 MAY 2026] The below referenced Proxy Form problem has finally been resolved with the filing with the  FCA. https://data.fca.org.uk/artefacts/NSM/DirectUpload/NI-000145224/NI-000145224.pdf Has it, as was promised, been added to the URL link sent to shareholders who don't get hard copy accounts?  Don't be silly! Will they have to adjourn the AGM unless they do. ..absolutely guaranteed.  ------------------------------------------------------------------------------------------------------------------- One week earlier than the extended deadline that they alone asked for, Octopus have filed the Witness Statement of their British Virgin Islands stooge and as predicted this blog figures extensively. All I can say is that Anna Victoria Silver, ACA, has blatantly lied again and committed offences under The Perjury Act 1911 with intent to deliberately mislead the High Court.   She and Howard Kennedy llp now face disciplinary action ahead of trial in October. A...
Post a Comment
Read more

Oh dear... today brings yet more vile unjustified threats against me and fellow shareholders from Octopus and Howard Kennedy.

Today brings allegations that I must have breached the SLAPP court orders because Howard Kennedy don't even understand a simple primary school maths SAT level formula that if you divide the number of shares in a decile of the total members by the number of persons in that group you get an average.. ... and then if they have more shares than that average then they must be a member of that or a higher decile. Shame I am also banned by the Court from showing you the Order and the relevant documents. All I did was ask for a copy of the Proxy form for the AGM. Methinks there is panic in Holborn . I gave them until 4.00pm to reply to my "Arkell v- Pressdram"  response - they haven't so now I am going public. I will make my "without prejudice" correspondence and their replies available if they include it in their Witness Statement - due in the High Court by 23rd May.  I wonder if the panic also has anything to do with the fact that for any shareholder who absolutel...
Post a Comment
Read more

FIDELITY abandons VC and manages to sell off the stakes in the investments - and Octopus says it can't be done. Oh yes it can!

https://www.linkedin.com/posts/damisola-sulaiman-13304a230_scoop-fidelity-international-has-quietly-share-7458437952298377217-xzih/ The start of an avalanche?
Post a Comment
Read more

The awful truth about the Octopus decades long rip-off.

Image
I have been prompted to add a simple summary of the 10 year history.  This covers the 11 years since the merger of all the Titan VCTs in November 2014. Anyone else care to check the numbers that come exclusively from accounts on the Octopus website?
Post a Comment
Read more

More can only now be told. Octopus loses another leg. The £90m+ loss for 2025 is a damning indictment of the Directors and Managers. Liquidation is the only logical solution.

Image
After weeks of being effectively gagged, I have today filed my Witness Statement in the High Court ahead of the trial on 20 October, a mere 4 months after the AGM and another £15m+ into the pockets of Octopus Investment staff and their and our Directors. A copy of my letter to those shareholders who have already contacted me, and to persuade "the usual suspects" at the various Nominee service providers (Gresham House says upto 35% of all shareholders) to pass on the message, is below and the pdf can be downloaded from my secure Box.com cloud storage. Please read the full copy below and send copies or the link to any shareholder you know.  https://app.box.com/s/zgba0oi4bh6lpmxxmxmnwjruk4a9bxye ......................................................................................................................... The copy Court documents that can only now be revealed are: 1.  Octopus' application to prevent any shareholder ever asking to convene a meeting to propose liqu...
Post a Comment
Read more

Rats and Sinking ships? Food for thought after some poor shareholder yesterday had to sell shares at a 75% discount to NAV.

Image
I wonder just who is the "buyer of last resort" at these distressed sale prices and just what is their relationship/to and/or deal/understanding with the Directors, Octopus Management or the "Broker"?  A suitable question for the AGM. As I work up my High Court Witness Statement that has to be filed next week, and we wait with barely bated breath for Thursday's FY2025 results (already announnced as a disastrous loss of NAV) and the  webinar, I thought readers might like see what the numbers look like:
Post a Comment
Read more