Proof of concept now "ProVen" beyond all doubt..........

Quo fata ferunt is something I learnt 40 years ago and is a great maxim for life.

So I have been burrowing around creating 5 years historical financial and regulatory data on all the members of the truly ghastly and useless Venture Capital Trust Association and the constituent parts of their members investment portfolios, and lo and behold ....



Why on earth would anyone trust the FCA or any members of any entity it regulates whose filings are so delinquent that a Premium Listed company on the London Stock Exchange was about to be struck-off and all assets handed to The Crown? You should see the investment manager's own appalling compliance record.

The numbers seem to indicate that the bill for HMRC is upto 5 times the net cash raised by VCT managers.... and they can't even do the job for which they are being paid!

Another damning indictment of the "money for old rope" attitude of the City of London accountants, lawyers and other "pond life"..."don't worry old boy, no-one will notice"



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