VSS

www.afristratpumpanddump.co.za

Charges Against Company History The Companies Act Due Dilligence
Shadow Directors Directors Duty Eune Engelbrecht Keith Rayner Terence Patrick Gregory Dirk Petrus Van Der Merwe Henk van der Merwe Bryan Shanahan George Manyere Anton Haye Tertius Johannes De Kock Floris Johannes Slabbert Brandon Rodney Topham
Ponzi Explained Preference Shares POM Promisses Contract Copy Contract
The Hype Explained

R1.00 Deal Pink Orchid ECS Financial Holdings CryoZone Chrome Valley Mine Surechoice Invest Solar Africa VSS MyBucks Havara Solar Plant ATI Solar Quilibet Trading Crosscorn ICIJ Papers Afrimex Bank Basira Energy Systems Group
The Dump Explained Brainworks Allegations Final
Cases
2014 2015 2017 2018 2019 2020 2021 MHMK Group Holdem Trust
Ownership

 

THE GODS DO NOT PROTECT FOOLS. FOOLS ARE PROTECTED BY MORE CAPABLE FOOLS…. 

“The bank of Zambia declaring George Manyere the Director and Major Shareholder of the company a delinquent, stating he is not be fit and proper to hold office as a major shareholder or a director of any financial service provider and or company”.
This was never declared to Shareholders nor recorded on the JSE through Sens Documents/ Notifications.  

The company stated in numerous forms and statements that the capital was guaranteed and the funds would at all times be invested with in Niche Markets.

03/01/2018 SENS: The board of directors of Ecsponent (“the Board”) hereby advises shareholders that the Company has resolved to invest up to R100 million in cumulative perpetual preference shares (“Preference Shares”) issued by VSS Financial Services Proprietary Limited (“VSS”) (“the Transaction”).

>VSS Shares: Investing in cumulative perpetual preference shares amounting to R100 Million on the 03rd of January 2018 into VSS Financial Services who reported net loss after tax of R17 million for the financial year ended 30 June 2017, and net deficit of R15 million as at 30 June 2017, through the 100% owned subsidiary of Mybucks (that George Manyere was a “SHADOW DIRECTOR” of till the 6th of December 2018.

The company by Sens Notification conveniently leave out the wording “non-redeemable”

Let’s see what Mybucks say about these shares – Mybucks Financial Report 2019

On 3 January 2018 and 1 March 2018 VSS Financial Services (Pty) Ltd issued non-redeemable, non-cumulative preference shares amounting to (ZAR100 million). This facility was converted into parent equity as part of the Groups’ overall debt to equity restructure.

Sounding Familiar!

Interesting on how they can do Forensic Investigation into Non- Redeemable shares, All at the same time defending their dumping of Redeemable Preference Shares. Sounds like the pot calling the kettle black!

Afristrat continued to sell Preference Shares to the value of R100.00 per share up and until 48 hours before notifying investors of the default, Cautionary notices were never sent out as they had a “fear of the company’s reputation been tarnished or in jeopardy”