forstox I am an experienced investor but do not have any...

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bellfords

1 Posts.

17/11/20

18:46

Post #: 48939936
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Originally posted by forstox: ↑

How many of you guys would be prepared to add your name to this proposed email to give it more weight?

Proposed email to David Sutton at APC Securities (APC has been bought out but as clients we have not been told yet).

"David,
It has become apparent that the promoters of Steppes Asset Managementhave been stalling all of us about listing the business on one or morestock exchanges for so long that we now know that the whole thing isjust a scam. At this stage we have to assume that the directors have collected money from us and used it fortheir own purposes, leaving us with nothing. About once a year they findsome odd reason to restructure the business which is a masterfuldelaying tactic, but then nothing happens.

We have a group of shareholders who are absolutely irate about thissituation and are now considering whether to have the matter sorted outby ASX or ASIC, or the Fraud Squad, or by class action in the courts orother legal methods. We are very concerned for your sake because we are sure that there are severe penalties for stockbrokers who knowingly sell worthless shares to their clients.

As you were a director of Steppes youwill not be in a position to say that you did not know that this was ascam. And the publicity would kill your stockbroking business stonedead. Therefore we are giving you advance warning of the proposedactions just in case there is some way that you can convince all of usthat we do not need to take drastic action. But we would need your responsebefore Christmas because we are not willing to see the holiday periodused as another reason for delay.We know that you have been made aware of our concerns over the last few years. Our patince has been totally exhausted and we want to move ahead now.."

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forstox
I am an experienced investor but do not have any investment in Steppes , however I have close friends who do.
I have been following the posts on hot copper concerning steppes because I have some concerns about my friends investment.
I have undertaken some research and there are aspects that are creating some doubt and these need to be answered by Steppes .
I can provide this to you in a document, however I do not wish to do this as a post on this site.

If you are interested I can be contacted on [email protected].
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