Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Reach4Entertainment - the Hon Put in play (again)

By Tom Winnifrith & Steve Moore

12 February 2016 06:54

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It was announced this week that Gate Ventures, the totally dodgy company owned by Johnny Hon who is a total charlatan, has increased its stake in *Reach4Entertainment (R4E) by 5 million shares to 57.5 million shares - 12.12% of the equity. We think Hon is a total chancer - and that is being kind - but have noted before that him hoovering up loose stock will only accelerate the re-rating.

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Comments

wildrides

12 February 2016, 07:30

Distasteful ………..If Hon is involved lets hope it goes bust and Karma is restored with him losing his 12% . Meanwhile keep ramping your trust stock, as its done nowt so far ;-)
I see Doc,s 88E sell instruction went a bit pear shaped …………. never mind Doc cant win em all . One would be nice though .
David Russell

12 February 2016, 11:10

I think that Geoff Morrow who has been involved in the entertainment world as more to do with the purchases than Mr Hon. My problem is not with gate ventures its the fact that the placing was at a penny and no Rns was given on the major shareholder who sold the amount for gate to purchase.I would love to be wrong but I think we will see another placing.I do hold a lot of R4E and need more than 6p to get my money back but unless they can show they am doing their best for all shareholder rather than the chosen few I would not touch anymore. I wish all shareholders my best but this is one I wish I had never bought into based on the higher price I paid. You live and learn.Lol.:)
Rob

12 February 2016, 14:21

If only we could get all our investments like you, eh Wildes?