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Original poster

active ticketing plc bond

13 replies

rogueantimatter · 14/06/2017 13:34

Has anyone heard of these please? They seem genuine but how do you know that your money won't just disappear?

Lee Booth is one of the directors

OP posts:
Sunseed · 14/06/2017 14:50

Short answer: you don't know that your money won't just disappear.

So unless you are willing to take that risk, then I would steer well clear.

Original poster
rogueantimatter · 14/06/2017 15:38

Presumably it's the same with any corporate bonds?

OP posts:
Sunseed · 15/06/2017 10:51

Not exactly. Many are investment grade bonds and are freely tradeable once they've been issued, and tend to be viewed as lower risk than shares because a bondholders is ahead of a shareholder in the queue if a company goes bust. However, there are also junk bonds, which are far more risky, and you would have very little comeback if the issuing company defaults on its repayments. I had a quick look at the Active Ticketing bond blurb and was immediately struck by the fact they are only offering to Sophisticated and High Net Worth investors. Which strongly suggests that they are highly risky in nature. Many of this type of bond will merrily make the initial repayments but as the redemption date draws near will suddenly appear to run into difficulties, citing liquidation or similar. Buyer beware!!

Original poster
rogueantimatter · 15/06/2017 12:30

Thank you very much sunseed . That's really helpful. Their rep claimed that the capital is secured by a very large bank, (blah, blah) but I didn't get as far as any paperwork to read the small print.

Also, although I contacted them, rather than the other way round, the more contact I've had with them the more it feels like they are pushing me. Which is offputting. This bond has been available since sept, I think and there's a date for going on NASDAQ so I do understand why they need to raise capital quickly but I smelled desperation.

OP posts:
Hereward1332 · 15/06/2017 13:18

I would steer clear. If they are listing, they are selling shares so why do they need the bond issue?

Capital will not be secured by anyone. It can fly away in the wind...

How did you find them? No-one should be calling you pushing the issue.

Original poster
rogueantimatter · 16/06/2017 07:48

Thank you Hereward. Planning to list ? on NASDAQ nov 2018.

I've decided not to invest with them.

Opening multiple current accounts instead!

OP posts:
Ruma53 · 29/04/2018 00:29

Have invested and lost my money. Then contacted by a financial insolvency group who took several thousands of £s from me and now they too seem to have disappeared. What can i do?

Hereward1332 · 30/04/2018 13:41

Unfortunately there is very little you can do. Contact Action Fraud, but normally the way these things work is that your money is transferred abroad and out of reach very fast. Sometimes the nest step is for a firm of 'lawyers' to call you saying they can get your money back. The can't. It is another scam - don't pay them anything.

Your name and number will now be on what is unkindly called a 'suckers list'. People who are known to invest in this sort of scheme. This means you are highly likely to get more 'opportunities'. Never invest in anything resulting from a cold call. If you're not sure post here for advice.

Sorry you lost money. It's no reflection on you - they are experienced fraudsters who know which buttons to push.

Ruma53 · 01/05/2018 00:06

I thought I was investing in secured bond so I don't know how this could have happened. Then the Insovency Group looked real. How can I possibly make out what is genuine?

Hereward1332 · 01/05/2018 07:54

Looking at Companies House, they have never filed accounts. The first set were due on April 3rd 2017. It's not unusual to file late but it is unusual to be issuing a bond and talking about listing without any audited accounts.

One Director has held the position in 24 companies of which 16 have been dissolved and one is in liquidation.

This suggests to me its a scam.

So the financial insolvency group - what are they called? Are they a licenced insolvency practitioner? You should never need to pay money up front - they are paid from the firms assets (if any).

How did you come to invest? Was it a cold call or through an intermediary?

Ruma53 · 01/05/2018 16:06

The company was introduced to me through an intermediary and the email I received from the insolvency group claimed to be registered.

Hereward1332 · 02/05/2018 09:32

If the intermediary was a regulated firm, you would have a claim, but frankly it's unlikely. Chances are they are are not regulated or not in the UK.

Casperman · 29/10/2019 15:58

Sadly, I fear this guy may be at it again, Lee Booth is now shadow directing behind the scenes with his ex Active Ticketing co worker Jonathan Symonds at VenueServe Ltd , a new ticketing solution working out of Waterloo offices.

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