Companies House TODAY confirms it is invoking investigatory powers under Economic Crime and Corporate Transparency Act 2023 against Octopus Titan VCT plc
Just ask yourselves why the Octopus Directors continue to refuse to provide the missing Independent Valuation document from the mergers.
Does it exist? probably lost if it ever existed
Did it comply with the law? probably not given past history
Why were the valuers later appointed Auditors? BDO have their tentacles in every aspect of the VCT sector and have proven time and again that they can be relied on to just take the money and do whatever is needed by the Directors.
WHY DOES THIS MATTER SO MUCH?
Because the whole purpose of Merger Valuations is to provide a once in a lifetime Independent valaution of unquoted investments, something which the entire VCT sector is terrified of doing so they just "bribe" the likes of BDO into merely rubber-stamping the Investment Manager's numbers...
AND LOOK WHERE THAT GOT THE OTV2 INVESTORS!
£1bn written off after more than £250m paid to Octopus. Nice work if you can get it.
Why are the Directors of Octopus Apollo VCT still lying about shares being issued for cash and refusing to provide similar information?
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