FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Greg Riches to Rags

Greg Riches to Rags

Go down  Message [Page 1 of 1]

1Greg Riches to Rags Empty Greg Riches to Rags Thu Feb 17, 2011 10:03 pm

greglove


Stock Trader
The Colombo stock market seems to be booming with many IPO’s in the pipeline. I am not sure if there are any criteria for directors of such listed companies. I have done some research on Environmental Resources PLC (GREG) . This company seems to be quite fascinating.

Gregory Scott Newsome- Following is what ERL website states

Financial and Legal Standing

1) Bankruptcy filling 2008 ( To be verified) http://www.trollerbk.com/bankruptcy/D40CDE19-FC3C-79A8-5BF3BA566F88710C/bankruptcyrecord/

2) Criminal Record (To be verified) http://webapps6.doc.state.nc.us/opi/viewoffender.do?method=view&offenderID=605310

Yenom Inc which Scott Newsome is CEO has no functioning website. The domain www.yenominc.com is owned by

Domain name: yenominc.com

Registrant Contact:
Stockwatch, Inc.
7231 Windermere Dr.
Mechanicsville, VA 23116
US
Administrative Contact:
Stockwatch, Inc.

Olancom is a company ERL purchased

Olancom Website (http://www.olancom.com) mentions the company started in 2000 and started roomsnet.com in 2005.

However the Olancom domain was registered in 2010. I would be a record for technology driven company to operate 10 years without purchasing a domain.

Domain Name: OLANCOM.COM
Registrar: GODADDY.COM, INC.
Whois Server: whois.godaddy.com
Name Server: NS22.ROOMSNET.COM
Name Server: NS23.ROOMSNETBOOKINGS1.COM
Updated Date: 26-apr-2010
Creation Date: 24-mar-2010
Expiration Date: 24-mar-2011

The question here is how much did ERL pay for the acquisition. What was the valuation and what was the valuation method used for purchase?


I was trying to find the valuation method used for Olancom. IT company valuations can be easily manipulated.

Who started Olancom which owns all of ERL tech companies including

1) RoomsNet
2) Enterprice Teclnology.

All in all it seems the strategy is

Create company A >Sell > Company B>Sell Company C
Company A > Buy Company D > Sell Company C



Last edited by Quibit on Thu Feb 17, 2011 11:07 pm; edited 1 time in total (Reason for editing : Format Condensed)

2Greg Riches to Rags Empty Re: Greg Riches to Rags Fri Feb 18, 2011 8:41 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Seems like u've done some research..
Frankly I was really trying to understand how this can be arranged in a more meaningful way..

What I wanna emphasize is that; if you arrange this is more concise way, this would've been a wonderful one in deed.. so y why dont u do the needful and make everyone happy? Very Happy

3Greg Riches to Rags Empty GREG DRAMA Fri Feb 18, 2011 3:07 pm

greglover2


Stock Trader
The Colombo stock market seems to be booming with many IPO’s in the pipeline. I am not sure if there are any criteria for directors of such listed companies. I have done some research on Environmental Resources PLC (GREG). This company seems to be quite fascinating. I have listed a few of my findings below. I am continuously probing their transactions and will post what I find.


1) About Gregory Scott Newsome Director of ERL (GREG)

Financial and Legal Standing

A. Bankruptcy filling 2008 ( To be verified) http://www.trollerbk.com/bankruptcy/D40CDE19-FC3C-79A8-5BF3BA566F88710C/bankruptcyrecord/

B. Criminal Record (To be verified) http://webapps6.doc.state.nc.us/opi/viewoffender.do?method=view&offenderID=605310

2) Scott Newsome is CEO on Yenom which is known as Yenom and Yenom ASIA in addition to being a director of GREG.

a) Since Newsome claims to be a Electronic trading professional he would very much know the importance of a website. However this company has no working website.

b) Yenom.com though claimed to be owned by Yenom INC is actually owned by a company called “Stockwatch Inc “ Details Below

Domain name: yenominc.com

Registrant Contact:
Stockwatch, Inc.
7231 Windermere Dr.
Mechanicsville, VA 23116
US
Administrative Contact:
Stockwatch, Inc.


3) Purchase of the so called tech companies. They actually purchased Olancom and Roomsnet came along with it. I found some interesting stuff here.

Olancom.com details are as follows
Domain Name: OLANCOM.COM
Registrar: GODADDY.COM, INC.
Whois Server: whois.godaddy.com
Referral URL: http://registrar.godaddy.com
Name Server: NS22.ROOMSNET.COM
Name Server: NS23.ROOMSNETBOOKINGS1.COM
Status: clientDeleteProhibited
Status: clientRenewProhibited
Status: clientTransferProhibited
Status: clientUpdateProhibited
Updated Date: 26-apr-2010
Creation Date: 24-mar-2010
Expiration Date: 24-mar-2011


The company was created on 24th March 2010. The company was purchased by ERL (GREG) on 30th June 2010.


We are currently tracking transactions of GREG and would keep you guys posted. Its quite a complicated strategy they use to cover tracks and show mega profits. The evidence we hope to come out with seems simple but shocking.









.


4Greg Riches to Rags Empty Re: Greg Riches to Rags Sat Feb 19, 2011 10:22 am

anu

anu
Manager - Equity Analytics
Manager - Equity Analytics
Very very valuable and timely research....

As it is pretty evident upto now, government or regulators will not do any thing to uncover the folly of this so called conglomerate run by whiz kids. It is only some private firm or individuals need to do in public interest, sometimes risking their life....

5Greg Riches to Rags Empty Greg ex God,King Sat Feb 19, 2011 4:00 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Newsome is like Einstein. His business is beyond our comprehension.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum