Marcus Yeoman has today written to shareholders in Hotel Corp (HCP) giving a full explanation of why they should back him and not the discredited fat cat slug crony capitalist chairman Derek Short at the forthcoming EGM. Time is running out to give Yeoman your proxy and all shareholder should do this by 11 September. If you own shares in Hotel Corp please contact Yeoman NOW on marcus@springtimeconsultants.co.uk – the letter from Yeoman is below.
I was interested to note Tom Winnifrith’s Saturday Bearcast covering the ongoing tug of war at AIM listed Hotel Corp. Referring to past performance, where Hotel Corp’s beleaguered shareholders were near-enough wiped out whilst pursuing a business model of property investment managed by Shore Capital, and proposals by the incumbent management at Hotel Corp to do it all again, Tom noted that he would be interested to see how the Shore Capital run Puma VCTs had been doing. Ever happy to oblige…..
Yesterday, in a Bearcast special, I explained why the circular published by AIM Cesspit posterboy Hotel Corp (HCP) at no-one is watching O’Clock on Friday contained slam dunk lies designed to mislead investors into not voting out fat cat crony capitalist tax-haven dwelling chairman Derek Short. Today I have written to the company’s Nomad, Simon Clements of Sanlam demanding that the circular be withdrawn and that the directors be censured. In case Mr Clements dithers I am cc’ing AIM Regulation and the FCA to ask them to force his hand.
The battle to control Hotel Corp (HCP) is hotting up. But only one side is putting its money where its mouth is and that is Marcus Yeoman. He is up against a barrage of crony capitalists and all shareholders should, on principle as well as to make money, rally to his side.
Shares in Hotel Corporation (HCP) have moved back to 1.3-1.5p because there are signs of life. This is an ideal cash shell for someone with a track record of doing deals. But right now it is doing nothing. The two directors are Derek Short – a septuagenarian crony capitalist drawing £25,000 a year for sipping G&Ts in Jersey ( no tax there) and David Craine an Isle of Man Crony Capitalist drawing another £25,000 for doing sweet FA from another tax haven.
November-recommended The Hotel Corp (HCP) has announced results for the 2014 calendar year and that it is “in talks with several parties”… The results statement added that “the board expects a positive future outcome from these discussions” and thus “believe that there is value in the company as a quoted cash shell company”.









