Hello to my Steinifighters!
In the latest video the SdK is talking about a 'Scandal verdict'.
https://www.youtube.com/watch?v=RtBoOcf_tuk
Scandal verdict?
Come on!The real scandal is the SdK!
The SdK has taken 312,000 euros from the heavily duped shareholders of Steinhoff International under false conditions!
Because what happened?
Steinhoff shareholders have fallen victim to corrupt management:
Louis Du Preez, Theodore de Klerk, de 'zetbazen' from the G7 Hedgefunds, no morality and no integrity, but 3,5 mil a year is 'to good to deny', an 'offer you can't refuse'....
The 'right-hand man' of olicharch Friedman, Dutch lawyer Wakkie, he was in prison (for one day) in Spain due to his Russian contacts but with his powerfull friends in Holland, he was a free man and could do his unlawful actions for Steinhoff, ABN Amro, Accenture, etc. Everywhere Mr Wakkie is in the house, dirty games all over the place.....
Than mrs. Alexandra Watson, who works not only for SNH, but also for Petra Diamonds, which violates human rights and also works for fraudulent company EY;
Ms. Moses who was also not prepared to intervene in these crimes. Eyes wide shut for her.
Hugo Nelson, who is a partner in a Money Laundering Company/hedge fund on the Kaayman islands.
Hugo Nelson and Alexandra Watson, both working with Coronation Fund Managers who made secret deals with themselves around the PEPCO deals, you know, the beautiful PEARL of Steinhoff that was sold for an 'apple and an egg' to Coronation Fund, among others, while the company needed money! Coronation Fund and their relationship with Wiese, the former Steinhoff Director, who 'knew nothing about fraude' and managed himself to look like a victim of crime, huge compensation received.....
The accountant Mazars, which is involved in a investigation due to their 'unacceptable auditwork'.
The other accountant, advisor EY, heavily involved in a forensic investigation. One fraud scandal follows the other, but nevertheless they were choosed by Louis de Crimi and of course mrs. Watson, to produce a "Fairness Opinion" in order to mislead and deceive the shareholders even further, armed with this 'objective advice'.
Can you imagine: mrs Watson was sitting at both sides of the table! EY has now been banned in Germany for 2 years for fraud. Yes, you read that right!
For years they have spun a web of lies and deception, they received millions every year for this, but behind the scenes it was not these 'managers' and 'directors' who were in charge, but the Hedgefunds, aided by the big banks, that must certainly not fail .
These 'managers', 'Directors' and 'Supervisory Board' aided by advisors and lawyers that smell a bit fishy: Mr. Christiaan Zijderveld (SOP) of the Kremlin office (in the Netherlands they called Houthoff 'De Kremlin Kantoor', Houthoff, the money laundering office for the Super Rich Russian Mafia.
Verhoeven, the observer in these WHOA, also employed at Houthoff's Kremlin Office.
The other observer, Meijer, who is sitting at the table next to Wakkie in the Accenture Office.
The lawyers from the G7 Hedgefunds, Loijens Loyens and Loeff, one of the partners of whom had to go to prison for fraud and theft.
The fraud company PWC, itself involved in forensic investigations, was engaged by Steinhoff and paid 30Mil to investigate...FRAUD at Steinhoff! Yes, you read this right too!
So far, Mr. Du Preez and Mr. Wakkie are doing everything they can to prevent the publication of the 'fraud report', despite the fact that the judge in ZA has ordered this, passed judgment in May 2022!
And so it came about that, because of these major interests, the judge in the Netherlands agreed to a WHOA decision that leaves the shareholders completely penniless from the very beginning. Many 'small' individuals have been robbed of their capital and the sounds of personal drama and bankruptcy can be heard everywhere. Just look at Wulf Bley's video, or Deol's latest videos, showing what a mess this Scandal Company Steinhoff has left behind.
CVR'S;
The total nonsense about these CVR's for the Shareholders (20%): these CVR's will never, never got any worth, or maybe a chance at 1%. Why? Because the owners from the new company are hedgefunds and hedgefunds will keep on the Loan to Own Strategy. These loans will never filled in like they did not in de years from 2017 till now.Why should they? They could left 1 euro or dollar as a loan and at that moment you will not achieve anything for your CVR.
But maybe I am wrong, you can try it by yourself and maybe you are lucky. You can read in the doc's that SNH said It is not expected that the entire loan will be repaid
It's a great business strategy and after a few years you can go to Amsterdam with your Empty Shell, asking for a liquidation, give the 'shareholders' a package of lousy CVR's and then it's up to the next 'disstressed' company. Business as usual, most CEO's from hedgefunds are billionaires. BINGO!!
THE SdK:
Back to the SdK : with such an 'interest group for shareholders' you don't need enemies!
Shareholders have also been lied to and cheated by the SdK. It's a shame.
The Sdk raised over 300,000 in 2 days, money from shareholders who had in that time already lost 80% of their investment! Up to 3 times the shareholders were promised an Inquiry Request at the Amsterdam Enterprise Chamber. I and a few others send them all kind of information to do so from the start. But: NOTHING! And nothing without any explanation.
Mind you, this would have definitely exposed the fraud above and definitely reduced the chance of a total loss. I do not think we would have won this game, but this could have be the only chance for the shareholders for a settlement and compensation.
In the meantime: More and more big stories from Mr. Liebscher about 'lawsuits that would start in the US, in Germany', etc. Liebscher and the SdK would continue to 'chase Steinhoff for deception for years'.... 'The ad hoc obligations and the violations by management in lawsuits are investigated and, if possible, punished!'And what is the result: NOTHING!
The Sdk just collected the votes for the shareholder meeting. That was okay, but it is just an administrative job that you can have stagiaires to do so. Furthermore, shareholder representation at the AGM in March 2023, which was very good, some newsletters and the commitment and Report of Farber Riley and AMS lawyers. Those last 2 were really good, especially AMS was very good during the WHOA court hearing. Respect!
But the communication from the SdK to Mitglieders, who fully helped the SdK behind the screens, was downright bad and most importantly: the promises of the SdK for the special audit, the lawsuits have been completely empty slogans, lures to recruit money and members. A true publicity stunt, because now, like a bolt from the blue, lawsuits are 'unfeasible' and the grounds are 'doubtful'...
Completely unacceptable to a lawyer, after all, one can expect a lawyer, before calling and shouting in the media, the AGM and in Court, to properly assess opportunities and possibilities.
SdK said:'we have no time, not enough people, so we are limited', but in the meantime they accepted 4 or 5 other 'big' cases, like Adler, where they are far more active than with Steinhoff.
In short: the SdK has fallen completely 'through the ice' for me and many others, and even worse: I am sure that, precisely because shareholders, in anticipation of the actions of the SdK, have suffered even more losses than without the SdK, after all the share price is still plummeted more in the time when we, as the victims of the fraud, were waiting in the waiting room for the 'Savior' the Sdk, our lost Hope, who thought were 'quietly' working for them behind the scenes, preparing for the trials and the special audit. Very bad expectations management, big mouth...And NO result!
I do not recommend anyone to become a member of the SdK. The SdK, with these friends you don't need an enemy.
My dear Steinifighters,
Yesterday I sold all my shares after 5 years of investing. The last year it was abit of a project to study and look for information about this company. For me it was a real investment, no game, I did my homework and after the better prognoses and 'better risc profile' (mind you, this was said in March 2022 by Crimi LdP) and the Pepco Pearl, I bought more and more shares. There were lots of very stressfull moments and at some days losses of 70k a day (like 15th December 2022).
What a waiste of time, energy and money...... But as we say in Holland: dat is 'een koe in de kont kijken'.
A huge loss is the result, huge, very huge. I will never financially get over it. If Deol or others can do something at this legalised crime, I will try this and will help. In Holland we have no 'Verlust vortrag", so the losses are real, but for me: I go further! At the end of the day, the sun is coming up every morning, I have my beautiful dog, lovely people surrounding me, a good glass of wine, and when you have a look at the War in Okraine, I am thankful to live the life I live.
I would like to thank everybody who has had the guts to fight against this fully facilitated crime. I wish you well. Don't let it get under your skin, these criminals are not worth it.
In Dutch:
Ik wens je het beste toe en probeer weer te genieten van de kleine dingen die het leven mooi maken.
As always, stay tuned!
Jaap Peer
HEDGEFUND STRATEGY, LOAN TO OWN:
Note: If you like to learn more about the businessmodel of these G7:
Please have a look at this video above. Interesting moments: min. 9.30 till the end.
This is exactly what is happening today, in the years between 2017 till now with Steinhoff International Holding NV. And tomorrow it will be the same game again and again.
https://www.youtube.com/watch?v=o10nh86q64Q
'Almost everything we consume has been touched by private equity at some point in the value chain. Despite that, very few people even know what private equity is. In this essay, I criticize the magic sauce that private equity firms use to create ?value?. First, I talk about how this magic sauce - on dubious grounds - transfers wealth from investors, such as our pension funds, into the pockets of a few private equity partners. Second, I talk about how private equity makes portfolio companies focus more on financial engineering and consumer exploitation, and less on actually improving their products and services. Third, I talk about how private equity seeks to reduce market competition, right under the nose of our competition regulators'.
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