Some Advice Needed Please

Dodgyone

NSX expulsion was due to misrepresentation of info one would suspect

How did they get their hands on several million must have been cash investers all over the world and what about property .Did they get too.

Veritas26

They have had six years to get several million so in reality not that much per year.

Cannot verify any properties on the register that they truly own.

The company is only worth something (IMO) if you believe two parties can legally own the same asset in its entirety at the same time.

Well I know someone who is convinced and very excited about an up and coming listing

Dodgyone

as has been the case for the last 6 years

if they don’t believe it no one else will

without the story that a listing is just around the corner all that have invested cash for equity would be suing

What country are they supposedly listing

Dodgyone

Iraq!?

Ha ha your joking 😁

U.K I Think

Dodgyone

will be another car crash

notsocutehoor

Moralltach have provided absolute clarity for all current and would be investors in their latest update from November 19th, final interviews completed (probably just the psychometrics tests waiting to be completed), Our Applicant Bank appointed as their new bank (I'll confess that I haven't heard of Our Applicant Bank), project management team preparing the Company for its Listing on the Frankfurt Stock Exchange, a detailed timeline for share listing and commencement date, and lots of good stuff about audits. Full details here https://www.moralltachglobal.net/post/moralltach-update-19th-november-2020

WHAT COULD POSSIBLY GO WRONG

Dodgyone

Yeah that was 14 months ago Nov 2020. Since then nothing at all! No audits filed in Malta ever. No cash. No integrity. No hope

14 Months ago What about all the companies that are sueing Am all confused 😕

notsocutehoor

Oops, thought it was from the November just gone, not much happening on their website since then

They said in the second half of 2021 they where preparing to list on UK stock exchange with their new merging company William Marshall .This was to be finalised by July 2020 at EGM of Moralltach for ratification. Then a chapter on Moralltach William Marshall and Redspear forming a new company.........

Veritas26

Suing takes time especially when company is registered in Malta. Reckon Maltese registration is deliberate for this very reason

William Marshall walked away. No new company same car crash company

William Marshall walked away They where delisted from the Cyprus Stock Exchange same reason as Moralltach where delisted from Australian Stock exchange

Any up dates

Dodgyone

There has not been anything of any significance for years.

Of course the directors will continue to spin the same story but in reality they have to. They have made their bed. The bed has no mattress, is on the edge of a cliff in an area known for earthquakes.

Apparently they bought a distillery and have a Bank in the UK looking after property protfoilos and investing in Digesters Looking for funding to finance these to increase assets before Listing

Veritas26

A company without audits for 6 years will never get funding from a bank. No bank in the UK would go anywhere near them.

RogerthatNinerone

i'm guessing property owners are hanging in limbo if they're legally bound by the company. Are there restrictions on selling/renting?

Dodgyone

No as the property owners are the property owners two parties cannot own the property.

They can sell, rent or live in the property.

Dodgyone

The fact that the company has zero revenue tells you all you need to know surely

Where can you get or see the list of the property they have or so called have .They still have I believe my property on their port folio and I am eager to see this and I am not even invested I nearly did in 2016 but I pulled out.

Dodgyone

Only place you can see details are what they disclosed in their information memorandum for the NSX. You can see some specific properties and the valuations they assign to them. Most of it a work of fiction.

Zero on the Irish property register in the name of the company

Found my property still on it since 2016 not that it means anything also well over valued.

Dodgyone

Of course!!!

Dodgyone

That just proves that they included assets in their IM that they have no agreements whatsoever on.

That would mean fraudulent misrepresentation in an Investment Memorandum

Yea it would Plenty of them

Dodgyone

So plenty that they have no agreements on.

Those that they do have agreements on as useful as an ashtray on a motorbike.

New launching date May Was asked to put my house in Don't think so

Dodgyone

I think they might be sensing an opportunity to list on the Moscow stock exchange!

ScamAtak

This whole Moralltach enterprise is a one gigantic scam. It was and is an attempt by the main Directors and shareholders eg the Brennans, Cormac Lohan, a shady advisor called Larry Woghiran and a band of others to fraudulently enrich themselves and dupe investors. Luckily it was found out and suspended in Australia. The would be auditors in Malta pulled out of the audit last year as they realised what was going on. There are people in the UK who have been sold shares in the last year on the back of properties that are not legally owned within the portfolio and a false valuation. A search of the court records in Malta show that there are a number of creditors in Malta and the UK who have filed their letters of claim. This company will never be able to raise any money at all legitimately. It is a total fraud. Eventually and probably very soon Moralltach will be struck off in Malta. There is a guy who joined them last year called John Ryan who had a decent reputation but might get tarnished with the same brush as the other people involved.

Dodgyone

Sadly no surprises there

Dodgyone

Larry Woghiren the advisor. Formed a company called Eliseo Partners with a person called Timo Strattner. Eliseo Partners and both owners were mentioned on www.ripoffreport.com. In the Moralltach Financial report of 2017 Eliseo Partners is mentioned as the 8th largest shareholder of the company.

Strattner formed a company that is listed on the OTCC market in the US. Share price has fallen 99.9% in 36 months and is worth 0.008c per share with a market cap of an apartment in Dublin. Eliseo Partners is a shareholder in SCNG. Strattner again is mentioned on www.ripoffreport.com for his dealings at SCNG.

God the plot gets thicker of I wonder what the attraction of Frankfurt is.Well if I was contacted again to put my property up again mind you it was never taken off their portfolio I presume I am one of many they are contacting like with the same deal Go to your mortgage provider and buy off your distressed mortgage and lease it back to you for 15 years oh then in 15 years you can buy it back Are they registered with the central bank What ever happened to Patrick Fitzpatrick who was chasing them for over 100 grand in cash he paid for shares he never got .

Dodgyone

Suspect Fitzpatrick and others are still trying to get their money back. They just cannot use debt collectors to do so.

Of course Moralltach are not registered with any central bank or for that matter any corporate body with any level of reputation.

Dodgyone

Germany is mentioned by sources within the company as a potential as they have most likely found a banker in that country who would be interested in receiving fees for an IPO. That being said they will not have done any due diligence on the company yet. When they do they will run a mile.

RogerthatNinerone

Where you get the info on this company? I can see nothing but their amateur website with no real info on it. I thought they were defunct judging y their lack of activity

Dodgyone

A private investigator, contacts and research.

They are defunct of genuine business ideas

So how did they manage to come this far since 2016 chopping and changing ducking and diving and still people invest and believe after all these faild attempts that there's a dream gold mine in this next float because there are some people that really believe this Are they just gullible to that extent.

Dodgyone

Virtually no one new has invested a cent since 2016. The same old tired ideas and people trying to convince new people of the lie. No financial institution will lend so they prey on the financially illiterate . Unsuspecting people/companies that supply them don’t get paid hence the legal cases in Malta.

Agree there are a very very small number of people that believe this but these are generally those selling the lie.

If no one new has invested what are the brining to Frankfurt

I believe they are re visiting old customers or costumers like me who did not put in their property yet on their portfolio. I do know they are getting each asset reassed and up to speck for this launch they have been doing this for months and some think this is the big one millionaires overnight well over years 🤣🤣🤣🤣

Dodgyone

They are bringing the same tired and flawed package that failed in Australia to Frankfurt.

They will be trying to convince people that two parties can own the same asset and this is what their entire business model is based on. By that I mean that they will tell investors that they own your property (shares as consideration) even though the property register says otherwise.

True but sure if they went in to a Bank to buy a distressed Mortgage they would not entertain them there not registered with the central bank and not set up as a proper finance company terms and conditions have to be atherned to when taking over a mortgage.

Veritas26

They can definitely not go to anyone to buy anything as they have zero cash.

What they want to do is tell unsuspecting IPO investors that they own your property. On the basis that they “own” properties raise money via an IPO saying that they have a property portfolio. Use the money raised via IPO to buy out the distressed debt and then get the property moved on the property register to the name of Moralltach.

There are two big problems with this:-

1. They do not own your property and telling IPO investors this is misrepresentation. You do and two parties cannot own the same property.
2. Even if the above did make any logical business sense the only people that will get rich from this are management of the company. Look at the IM of the company from the failed Australian listing. Directors of the company own the VAST majority of shares so any property put into the company would create value for the directors of the company but not for those that received shares as consideration for property. Management will own the vast majority of shares even though the only “assets” in the company are the properties investors put in. The original owners would not ever have enough share value to buy back their property in the future as effectively they will only get a small % of the property value in shares from Moralltach due to management owning the majority of these shares. If you look at the IM they produced in Australia only 17% of shares were owned by those that had put their properties in. Management owned the vast majority. So for you to ever stand any chance of being able to buy back the property the share price would have to increase by 100/17=588% for your shares to be worth enough to do that in the future.

Dodgyone

Quite clever really as they manage to deceive both investors in an IPO and those that put their properties into the company.

Everyone loses apart from directors of the company.

Dodgyone

Bubba - bet they did not tell you the bit about the management of Moralltach owning 83% of your property and that you would never be likely to be able to buy it back!