Interesting news about Care 21. It does, as has been mentioned by Beerson and Balkur over at the iii.co.uk boards, have all the hallmarks of another "Far Reach" episode. Finding anything out about Care 21 is a bit of a paperchase. Marcus Losada definitely exists and his Twitter page shows he has fabulous taste in wines too. My hat is off, Sir.
Notice that he's looking at "other opportunities" from 2nd July last year. Presumably that includes the Care 21 "deal". Care 21 Ltd also exists their only current director is a man called Martin Holliday, Markus was a director but resigned.
Care 21's website lists a telephone number as +44 (0)1252 783212.
What's relevant about all this? Well, the link is Godalming, Surrey, UK. Markus lives there, the telephone number for Care 21 is there. Who else do we know that lives in Godalming?
Yep. Our old pal Palmi Sigmarsson! Just around the corner from Markus. Palmi is, if you remember, the man who shorted his own company, the man who was closed down by the finance inspectorate. What could he be up to? Was it an attempt to raise the shareprice so he could dump even more stock? (He is dumping: He used to have 22 million shares. Now he has around only 7 million).
Did he talk Markus into a deal? Did Markus (or his investors) then do their homework?
Whichever way round it was it seems that this "deal" can be added to the long list of "deals" that never were, like Far Reach, Gama, Telefonica, and all the rest.
Edit (13/1/12): It's not surprising they didn't pay up considering today's news that the network isn't ready (when they've been saying for years that it is...):
Scott Garlington, Vice President of Engineering at xG Technology [said they had] "the aim of making the xMax system commercially available later this year.”So far the only person idiotic enough to pay money for a network that doesn't work is that reptile Marc Dannenberg. Moohahaha.
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Care21 has an office in Farnham, Surrey. When the PR came out this address was still on their website, but it has now been removed and replaced with "HQ" address in London. Also listed was another address in Camberley, Surrey, where presumably the recycling business operates from.
ReplyDeleteThanks for that Anon. Maybe the HQ address is where Markus operates from? Or maybe it's just a lawyers office? Either way it seems that Markus got a narrow escape.
ReplyDeletePalmi must have tapped up his near neighbour Markus, maybe to sell him some of his shares?. I understand he may have dropped a few quid when he lost his court-case against the Icelandic government - what a shame... Apparently he sold his Bahamas holiday home and tried to shift the money through Iceland just as the economy blew up. The cash got confiscated by the Gov't as they weren't letting money out of the country. Ouch.
Great you're back as the criminals and scammers at and around xG for some reason just don't give up. I love the Care21 story - as you say it's FarReach all over it and I couldn't stop laughing reading xG's release that they hadn't paid.
ReplyDeleteHi Huang! How are you doing? I'm thinking of adding a sidebar to the site of all the 'failed deals' but fear it would take up too much space.. ;-)
ReplyDeleteAdd it! It's a great laugh and please include all customers that xG "had closed with" in that initial spreadsheet when they raised the price due to "high demand".
ReplyDeleteWelcome back John.
ReplyDeleteI am told xG have been seeking meetings in the city trying to raise funds. Things must be quite tight again, especially as its normal business practice to, at least eventually, sell something for cash.
Hey Robyn, what happened to your gig with the poor folk in the deep south? I heard you couldn´t even get a class of poor kids to hear you blather on. Still obsessing about "the city" while you stand on your lonely streetcorner in Alabama?
ReplyDeleteWhen this Care21 deal was first announced, did anybody ever have the slightest doubt that the first payment would be the only payment?
ReplyDeleteThe only question now is: Will Care21 go after xG to get their $440,000 back?
I am afraid they wont get it back.This will be burned through in short term. Next balance sheet/accounts will make interesting reading. I
ReplyDeleteYou've got that right Misesian, It'll be one to frame.
ReplyDeleteRobyn, you are exactly like a fucking ww2 vet who got his legs shot off and still feel the itching to scratch shit that hasn´t been there for 50 years. Bro, you suck at your job, you couldn´t attract a crowd of future welfare cases to listen to you, nobody in London or anywhere else gives a fuck about you and you long to be needed...so sorry Robyn, you are a loser, always have been, always will be brother.
ReplyDeleteMarc "hi I'm a dickhead" Danneberg is back. What retarded loser that man is.
ReplyDeleteHi Marc, still under the delusion that this blog is run by Robbing Harte-Bumring? Mooohohohohahaha! How are the baseball card sales going?
ReplyDeleteWell well... Care21 HQ has moved back to Farnham. http://www.care21.com/index.php?location=28
ReplyDeleteJohn, what?
ReplyDeleteYou fucking retard.
Marc "the internet clown nr1" Dannenberg is back for real. I didn't think a retarded person could make me laugh that much. Marcey boy, let your anger out and give us a the laugh we deserve.
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