Looks like the St Austell Brewery is the best bet...

The Reporting Accountants to the Prospectus, MacIntyre Hudson llp, have deliberately mixed apples and oranges.

How on earth can they have created Pro-Forma accounts and Portfolio disclosures using different valuations for the entities biggest single asset?

Pro-forma accounts: (page 36)

Albion Development = £733.30 per Quantexa share

Albion Enterprise = £586.96 per Quantex share

BUT for Portfolio purposes = £733.30 per share for both. (Page 42 - now there is a number to remember!)

Very dodgy accounting if you ask me and certainly doesn't comply with any known accounting standards other than "profits and fees for Albion", and given the sale at the lower price to a wholly owned subsidiary of Albion, aided and abetted by 4 ABRDN staff who received some more discounted shares later, proves the whole 2023 share dealings were a fraud. Just look at Albion Crown's deliberately false note in its audited accounts.



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I have seen some outrageous corporate governance breaches in my time but today's just posted documents is outrageous.

Letter to each of the Directors of the 6 Albion VCTs [EDIT 19 December] [2nd EDIT 31 December]