[EDIT 23.1.25]. Albion makes a 2nd Application to the High Court in relation to repeated frauds.

 It's all in the timing.... https://data.fca.org.uk/artefacts/NSM/Portal/NI-000106957/NI-000106957_213800SYIQPA3L3T1Q68-2024-06-30.xhtml RNS filed at National Storage Mechanism today with AGM Notice and Publication of accounts for Albion Crown. The Chairman says: During the Company’s financial year, we disposed of 7% of our stake in Quantexa, which is now by far our largest investment by value, in conjunction with some of the other Albion VCTs. This was in order to manage our exposure to any individual company. The consideration of £1.2 million received represented a 9.4 times return on the weighted average cost of shares sold, and returned 65% of the cost of our entire holding in Quantexa. The purchasers were experienced financial investors which elected to leave the shares under Albion’s management, thus ensuring that Albion’s overall influence, including voting rights, would not be diluted. Further details are given in a note to realisations table on p...

https://www.quantexa.com/press/quantexa-reaches-centaur-status-surpassing-100-million-arr/ Shall we try running the new ARR numbers over time? ARR for y/e 31 March                                  Loss for the year       Cash at y/e 2019:     £5.6m                                                                                                   £11m 2020:     £12.8m          +128%                              (£14m) ...

 Well, well, well. Or should that be Will, Will, Will.... or WTF as is his acronym at the FCA On 22 October Albion filed 1/2 year detailed unaudited statements for the VCTs that are to be merged and disappeared that includes the disclosure that QUANTEXA shares have miraculously risen in value by 25% in less than 3 months and "saved the bacon" of all the VCTs. Now they are finally worth the price Albion paid in April 2023 for the Series E shares - £733.30 and the price they have been telling everyone they have been worth all along - just not for audited accounts and FCA purposes. That means the Albion members and staff are entitled to collect their "carry" on the shares they sold to Albion's wholly owned subsidiary less than a year ago - £3,000,000+ by my reckoning and all paid for by the saps at ABRDN Asset Management, Hampshire County Council Pension Fund and Felicitas Global Partners ... and don't ever forget the carry payable on sweetheart deal given to t...

A bit of light reading for Sunday. Just copy and enlarge the embedded image. ........then run the ratios and you will see that not only are Albion in total breach of the restrictive Objects of the VCTs without even applying the full £733.70 per share value that the Albion website says is the true value for everyone (and which they paid in April 2023), then HMRC are probably already knocking on the doors. No wonder there was panic in the summer when they realised they had no choice but to "sell" Quantexa shares.- and before the December year ends of 2 of the VCTs.  BDO were told to agree to the fudge and lies on the Quantexa balance sheet Note 26, but they still lost the VCT audits - can we rely on ICAEW's investigation into BDO that they confirmed yesterday is now back on track and escalated to the next level? Coincidence - hmmm. But how will PHR and WTF explain the different percentages for the 4 out of 5 selling VCTs? Did the Directors really approve those numbers indep...

  This was received and served a few minutes ago. Please pass the word to other shareholders.

I am a member of all 6 of Albion's LSE Listed VCTs and have discovered major fraud involving self dealing in the shares of one of the investments spread across 5 of the VCTs and 2 of Albion's non-listed funds. In accordance with s116 Companies Act 2006 I formally requested a copy of the Register of Members of Albion Enterprise VCT plc (AAEV), where Patrick Reeve, the Chairman of the Investment Manager Albion Capital Group llp, is also a Director. My request stated: Patrick Reeve applied to the High Court for a non-disclosure order of the register to ANY and all members of AAEV . Paragraph 2 says it all. The High Court immediately listed the matter for a directions hearing on 4 November. Yesterday Reeve asked the Court for the hearing to be cancelled and not relisted before :           the in-person Seminar of Meeting of invited members of all the VCTs on 20 November  AND the same day             "Growth Investor" Ga...