Serious problems at Purple Lounge

[Casinomeister]

I've removed the posts that addressed the current legal situation between the owners and other parties. Since this is currently in litigation, I would appreciate the conversation to return to what it was and should be about (getting players paid) and not a derailment of a litigious nature. Thank you.

 

[Troy Tempest]

I've removed the posts that addressed the current legal situation between the owners and other parties. Since this is currently in litigation, I would appreciate the conversation to return to what it was and should be about (getting players paid) and not a derailment of a litigious nature. Thank you.

Well there you go. Money trumps everything. Bullies win and free speech loses. Thanks for nothing which is probably what Purple Lounge players will get. I will continue therefore without your support. Good luck and remember - stay away from the big boys using nasty words with fancy lawyers - you might get hurt really helping players rather than talking about it.

 

[Casinomeister]

Well there you go. Money trumps everything. Bullies win and free speech loses. Thanks for nothing which is probably what Purple Lounge players will get. I will continue therefore without your support. Good luck and remember - stay away from the big boys using nasty words with fancy lawyers - you might get hurt really helping players rather than talking about it.

There is nothing in free speech that permits defamatory statements to go unchecked. If you have the gonads that you claim you have, register a domain - (I'd suggest something like therealpurpleloungedirt.co.uk), start your own blog (software is usually free), post away until the cows come home, and then start a new thread here and announce your website with a link. I don't have a problem with that since this forum is here to provide information and promote community support.

What you won't do is use this website to push your agenda; I take all the risk while you hide behind anonymity. That's bullshit. And taking a parting shot at your host when you clearly knew that you were pushing the envelope is a bit over the top.

 

[Troy Tempest]

There is nothing in free speech that permits defamatory statements to go unchecked. If you have the gonads that you claim you have, register a domain - (I'd suggest something like therealpurpleloungedirt.co.uk), start your own blog (software is usually free), post away until the cows come home, and then start a new thread here and announce your website with a link. I don't have a problem with that since this forum is here to provide information and promote community support.

What you won't do is use this website to push your agenda; I take all the risk while you hide behind anonymity. That's bullshit. And taking a parting shot at your host when you clearly knew that you were pushing the envelope is a bit over the top.

Excellent advice I feel the website. I will do that.

Gonads - why did you not ask for evidence of my claims. You would then be convinced and could help lead the fight against this injustice. Instead you have parked yourself at the back of this fight.

 

[vinylweatherman]

Excellent advice I feel the website. I will do that.

Gonads - why did you not ask for evidence of my claims. You would then be convinced and could help lead the fight against this injustice. Instead you have parked yourself at the back of this fight.

It's not his job, this is a discussion forum.

It's YOUR job to substantiate the claims by linking to reference material.

What you should do is outmanouver the bully boys by setting up your own domain and informing us here via a link. Register said domain in the US where the free speech rules are much stronger, and therefore it is much harder to bully a website into removing content deemed defamatory.

Bryan was knobbled by a recent UK law introduced this year, and it would cover the owner of any domain registered within the EU.

If you do as advised, you remove any legal risk from Bryan, and take it on yourself. Having Bryan sued and financially ruined would cause this site to be shut down, hardly a helpful thing for players.

If you set up your own domain in the US, you can still make it largely anonymous, and the bully boys would have to force the hosting service to pull down said domain, which would be pretty hard.

In any case, you won't be anonymous to Media Corp lawyers as they can figure out who you are from what you have already posted.

For any player wanting to use what you posted to help their cause, they will need the evidence, not just the postings of an anonymous member of a forum.

 

[Przecinek]

Removing information doesn't look right. I've heard lots of casinos / players being called thiefs or liers etc. over here without any court evidence and their posts were not removed. This seems like a typical case of gagging and silencing those that have some merit. And no, this site wouldn't get shut down, but mediacorp sure wants us to think that way.

 

[vinylweatherman]

Removing information doesn't look right. I've heard lots of casinos / players being called thiefs or liers etc. over here without any court evidence and their posts were not removed. This seems like a typical case of gagging and silencing those that have some merit. And no, this site wouldn't get shut down, but mediacorp sure wants us to think that way.

That's because Bryan knows when a tactical retreat to regroup is the best option. Normally, the policy is that info is never removed, threads are just locked, or debate steered in a different direction.

It's a hollow victory in any case, because it was up, and we read it, and having it removed under duress only makes it look worse for them. We now know they are reading this at the highest level, yet they STILL don't give a stuff about the players that got screwed. It's a sign that they will wheel out the "dirty tricks" again if players find another means to pursue the return of their monies, so they can be prepared for a dirty fight rather than get caught napping by any legal stunt that might be pulled to foul up any court action.

 

[$97 All in.]

Media Corporation PLC Trading Update - Cessation of Business

Media Corporation PLC Trading Update - Cessation of Business

Media Corporation PLC Trading Update - Cessation of Business
Date : 23/08/2013 @ 17:45
Source : UK Regulatory (RNS & others)
Stock : Media Corp (MDC)
Quote : 0.095 0.0 (0.00%) @ 05:00
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Media Corporation PLC Trading Update - Cessation of Business
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TIDMMDC

RNS Number : 4415M

Media Corporation PLC

23 August 2013

Media Corporation plc

("Media Corp" or the "Company")

Trading Update

Cessation of Business

Further to the trading update of 5 August 2013 the directors of the Company (the "Directors") have now concluded their review of Company's current operations and prospects. The impact of increasing technology, hosting and operating charges on the Company's limited financial resources, coupled with the inability of the Company to obtain an appropriate Gaming License in its own right are proving prohibitive to the Company being able to launch the Intabet platform in any meaningful capacity as previously envisaged. The Directors believe that continued development of Intabet would prove a drain on the Company that it cannot sustain in the absence of meaningful revenues or investment. Together with continued legacy issues facing the Company taking up substantial amounts of management time detracting their attentions from the operating business, the Directors have taken the difficult decision to cease development and operation of the Intabet platform and substantially all of the Company's trading business.

As a result the Company will not be in a position to deliver the betting platform to Box Nation. Goal Millions will continue to operate under licence through Vamagaming, but with next to no promotional budget, its contribution to the Company's revenue stream is expected to be negligible. With Media Corp now having ceased substantially all of its trading business the Company will now become an investing company under rule 15 of the AIM Rules for Companies. In doing so, the Company must adopt an investing policy which will be subject to shareholder approval at a general meeting. Following the adoption of an investing policy it is likely that the Company will dispose of its interest in Intabet and its associated intellectual property.

As disclosed on 5 August, since being suspended the Company has been approached by a number of parties with proposals for Media Corp that might represent better prospects for the shareholders. It is with this in mind, and one proposal in particular which would bring with it new directors and strategic investment, that the Directors have taken this action. The Directors believe the continuation of the existing business is no longer viable without material investment, the absence of which would risk the solvency of the Company.

Notice of a general meeting of the Company (the "Circular") detailing the proposed investing policy will be sent to shareholders in due course and a further announcement made at that time. The Circular will also outline resolutions to reorganise the share capital of the Company and increase the authorities to allow it to allot shares for cash, enabling it to raise sufficient funds to begin implementing the investing policy.

It is the Directors' intention to publish the report and accounts for the period ended 30 September 2012 and the interim accounts for the period ended 31 March 2013 prior to the general meeting called by the Circular.

Contact

Media Corporation Plc Tel: +44 207 618 9000

Phil Jackson - Chairman

Northland Capital Partners Limited Tel: + 44 207 796 8800

Luke Cairns / Lauren Kettle (Nominated Adviser)

XCAP Securities Tel: + 44 207 101 7070

Jon Belliss (Joint Broker)

Bishopsgate Communications Tel: + 44 207 562 3350

Nick Rome

This information is provided by RNS

The company news service from the London Stock Exchange

END

 

[jetset]

Quote: Together with continued legacy issues facing the Company taking up substantial amounts of management time detracting their attentions from the operating business, the Directors have taken the difficult decision to cease development and operation of the Intabet platform and substantially all of the Company's trading business. Unquote

This is not going to make much difference to the screwed Purple Lounge victims, but it's nice to see the biters bitten by reputation.

Remember the names of those businessmen associated with this company past and present - they have a habit of bouncing back in another guise.

 

[Troy Tempest]

Purple Bellend

Quote: Together with continued legacy issues facing the Company taking up substantial amounts of management time detracting their attentions from the operating business, the Directors have taken the difficult decision to cease development and operation of the Intabet platform and substantially all of the Company's trading business. Unquote

This is not going to make much difference to the screwed Purple Lounge victims, but it's nice to see the biters bitten by reputation.

Remember the names of those businessmen associated with this company past and present - they have a habit of bouncing back in another guise.

YES REMEMBER:

JASON KINGSLEY DRUMMOND

JUSTIN PIERS DRUMMOND

NILESH JAGATIA

THIS WILL NEVER GO AWAY UNTIL YOU DO THE RIGHT THING. IF YOU DO NOT DO THE RIGHT THING BELIEVE ME YOU WILL STILL HAVE TO PAY.

 

[vinylweatherman]

So, why would they need a gaming license in their own right when they were claiming that their Intabet would merely be a portal, not an entity taking wagers in it's own right. Surely, Box Nation would need the gaming license in this instance.

I am sure they also issued a load of new shares, luring investors to part with even more money. How many were fooled into pouring good money into this sinking ship?

 

[jetset]

If this company and its management is going into the investment business, as this notification suggests, one has to wonder whether that will include the online gambling industry...if it does, it may be wise to continue monitoring Media Corp activities in order to pick up advance signals of any actions that might again endanger the welfare of players.

 

[vinylweatherman]

If this company and its management is going into the investment business, as this notification suggests, one has to wonder whether that will include the online gambling industry...if it does, it may be wise to continue monitoring Media Corp activities in order to pick up advance signals of any actions that might again endanger the welfare of players.

They don't have the best of track records when it comes to investing either, so who on earth would trust them with investing their own money?

They would also need a license from the FCA (or the other one, not too sure) if they are going to tout for business that involves investing on behalf of others.

They seem to be resisting the inevitable, and should call in liquidators to put an end to the long running fiasco, and allow all former creditors a fair chance to get back at least something of what this company has swallowed.

They have already tried the "clean sweep" of the boardroom, and it didn't work. Why should it work a second time around?

 

[Simmo!]

My guess is that the new guys bought Media Corp without realising the full implications of the previous issues, realised that even if they did get a product launched they would face unviable liabilities so they decided to close it down, sell the technology and re-invent the wheel.

On that assumption, the logical step would be to sell the tech to somewhere where it can't be compromised by past misdemeanors and switch allegiances. Meanwhile, to stop the wolf-pack following, Media Corp is re-invented and ticks along in a new guise to leave the investors behind and to run without the Purple monkey on it's back anymore.

Forgetting to file the accounts conveniently bought the time needed too

Either way, you can't really blame the new directors for what happened before IMO. You could argue they rushed in to the reverse takeover with their eyes shut but they appear to have found a way out that's legit, even if it's going to p*ss off some people. The bottom line is - as Troy Tempest says above - that the original directors are the ones that should be held accountable.

 

[jetset]

I'm afraid I can't agree with any suggestion that the present management is blameless - the way I see it, these guys are experienced businessmen who should have done their homework on the Media Corp acquisition (it's not that hard to check out a potential acquisition and the personalities involved these days).

The present management is the one that sent Purple Lounge into this Malta-UK liquidation that has so far certainly been of little benefit to the aggrieved players. I haven't seen too much evidence of player care and sensitivity from them either, or for that matter prioritising PL player grievances...and what happened to the action they were at one time considering against the former directors?

In my opinion, such conduct deserves a black mark in addition to the actions of the former directors and the corporate shenanigans that appear to have been going on throughout.

 

[vinylweatherman]

I'm afraid I can't agree with any suggestion that the present management is blameless - the way I see it, these guys are experienced businessmen who should have done their homework on the Media Corp acquisition (it's not that hard to check out a potential acquisition and the personalities involved these days).

The present management is the one that sent Purple Lounge into this Malta-UK liquidation that has so far certainly been of little benefit to the aggrieved players. I haven't seen too much evidence of player care and sensitivity from them either, or for that matter prioritising PL player grievances...and what happened to the action they were at one time considering against the former directors?

In my opinion, such conduct deserves a black mark in addition to the actions of the former directors and the corporate shenanigans that appear to have been going on throughout.

Why not just liquidate the whole company and start again from scratch. I can only imagine that the current machinations are because there is still significant value in what's left, and a liquidation would see it all evaporate.

A full liquidation would at least draw a line under this whole affair, and detach whatever new venture the new directors and owners wish to pursue from the baggage of the old company.

If there IS still some value, then morally at least it isn't theirs to play investment gurus with, it belongs to those screwed over by the former directors, and the new team should put things right by their customers, and then go after the old directors for reimbursement.

It seems to me that the fact that aggrieved players refused to just roll over and accept that they had been screwed is what eventually torpedoed their plans for Intabet, and they needn't think that those players will now suddenly fade away to lick their wounds just because they have delivered one setback, and watch the company prosper on the back of money that isn't morally theirs in the field of investment.

There is a moral code that customers and creditors come before shareholders, and it looks like this company has ruthlessly exploited various loopholes to reverse this.

 

[Troy Tempest]

YES REMEMBER:

JASON KINGSLEY DRUMMOND

JUSTIN PIERS DRUMMOND

NILESH JAGATIA

THIS WILL NEVER GO AWAY UNTIL YOU DO THE RIGHT THING. IF YOU DO NOT DO THE RIGHT THING BELIEVE ME YOU WILL STILL HAVE TO PAY.

Of course one should also always remember the role played by CHRISTOPHER SIMON GORMAN OBE another previous Media Corporation director.
He was the man who played a major role in selling Purple Lounge to Media Corporation for £1 (one pound) after he claimed to have turned down a previous offer that valued Purple Lounge at £30 million (yes thirty million pounds). When he moved the license from Curacao to Malta there were already shortfalls in player funds created by GORMAN and his honchos using player funds to cover operating losses.

CHRISTOPHER SIMON GORMAN OBE has already been involved in a high profile High Court case in relation to the Gadget Shop where he was accused of dishonesty (JASON KINGSLEY DRUMMOND did launch a High Court action against a man dying of cancer who he claimed did not build his swimming pool correctly!) CHRISTOPHER SIMON GORMAN OBE had a little difficulty in Florida. The details can be found easily by typing "chris gorman" into google. Perhaps the mug shots taken by the police are how we should all think of GORMAN and his wife. Maybe OBE really means One Blowjob Extra.

 

[vinylweatherman]

It seems one case (the sordid sex one) was dropped, and his wife agreed to some kind of community service in order to avoid a trial. The pair WON the case involving the Gadget Shop, but did themselves no favours in doing so.

This is perhaps more relevant (Telegraph, April 2007)

Virgin Games operates casino, bingo and poker games. Another Gorman venture, Purple Lounge, is an upmarket online poker site, with links to yet another Gorman investment, the concierge service Quintessentially. There's method to his apparently scattergun investment portfolio.

"I've got seven companies on the go at the moment," Gorman says, checking his card, "and I'm working on another big one.

"It's a numbers game, some of them will fail along the way. But if every one failed I wouldn't give up, I'd go and do something else. I'm not ready to retire to Spain yet."

This is the most damning bit "It's a numbers game, some of them will fail along the way." It demonstrates his attitude to the customers of those companies that end up failing, it's no accident, but the aggressive way he does business by "playing the numbers game" to rely on the one or two ventures that succeed, but with a lack of consideration for the customers that end up losing out when the rest fail.

He is his own worst enemy, allowing his "racy" private life to interfere with his public credibility. Like anyone in the public eye, he is under greater scrutiny by the media than the average family from "up the road", and no doubt he has made many enemies because of the way he does business, who will leap at the chance to catch him with his proverbial pants down.

The initial "sex scandal" looks pretty bad, but if you look at the world of celebrity, it's pretty "normal" to be getting up to this kind of thing, and getting caught at it, usually by the paparazzi rather than the police.

 

[Troy Tempest]

Of course one should also always remember the role played by CHRISTOPHER SIMON GORMAN OBE another previous Media Corporation director.
He was the man who played a major role in selling Purple Lounge to Media Corporation for £1 (one pound) after he claimed to have turned down a previous offer that valued Purple Lounge at £30 million (yes thirty million pounds). When he moved the license from Curacao to Malta there were already shortfalls in player funds created by GORMAN and his honchos using player funds to cover operating losses.

CHRISTOPHER SIMON GORMAN OBE has already been involved in a high profile High Court case in relation to the Gadget Shop where he was accused of dishonesty (JASON KINGSLEY DRUMMOND did launch a High Court action against a man dying of cancer who he claimed did not build his swimming pool correctly!) CHRISTOPHER SIMON GORMAN OBE had a little difficulty in Florida. The details can be found easily by typing "chris gorman" into google. Perhaps the mug shots taken by the police are how we should all think of GORMAN and his wife. Maybe OBE really means One Blowjob Extra.

JASON KINGSLEY DRUMMOND also tried to "do" the HM Revenue and Customs out of millions by setting up a spurious insurance loss. Complete manipulation to take money from the public purse that did not belong to him. The Judge's saw right through the whole charade - twice. Manipulation? Not his money? All sounds very familiar and consistent. A "Leopard" really does not change it spots.

JASON KINGSLEY DRUMMOND

JUSTIN PIERS DRUMMOND

NILESH JAGATIA

CHRISTOPHER SIMON GORMAN OBE

THE QUESTIONS REMAIN AND YOU WILL HAVE TO ANSWER.

 

[Troy Tempest]

Of course one should also always remember the role played by CHRISTOPHER SIMON GORMAN OBE another previous Media Corporation director.
He was the man who played a major role in selling Purple Lounge to Media Corporation for £1 (one pound) after he claimed to have turned down a previous offer that valued Purple Lounge at £30 million (yes thirty million pounds). When he moved the license from Curacao to Malta there were already shortfalls in player funds created by GORMAN and his honchos using player funds to cover operating losses.

CHRISTOPHER SIMON GORMAN OBE has already been involved in a high profile High Court case in relation to the Gadget Shop where he was accused of dishonesty (JASON KINGSLEY DRUMMOND did launch a High Court action against a man dying of cancer who he claimed did not build his swimming pool correctly!) CHRISTOPHER SIMON GORMAN OBE had a little difficulty in Florida. The details can be found easily by typing "chris gorman" into google. Perhaps the mug shots taken by the police are how we should all think of GORMAN and his wife. Maybe OBE really means One Blowjob Extra.

JASON KINGSLEY DRUMMOND was in the High court twice as a result of a tax case with HMRC. He lost twice. The Judge's concerned did not accept that he was using a legitimate tax avoidance method. The tactics used were highly questioned.

JASON KINGSLEY DRUMMOND. JUSTIN PIERS DRUMMOND. NILESH JAGATIA. CHRISTOPHER SIMON GORMAN OBE. These were the directors of Media Corporation PLC who did not keep Purple Lounge players' funds segregated, keeping the funds in UK company bank accounts, ultimately causing loss to those players and Media Corporation shareholders. If they were acting fraudulently this could mean that they personally not Purple Lounge or Media Corporation could be responsible for the losses of players and shareholders. This would date back to 2009 or further and could involve tens of millions of pounds.

 

[$97 All in.]

JASON KINGSLEY DRUMMOND was in the High court twice as a result of a tax case with HMRC. He lost twice. The Judge's concerned did not accept that he was using a legitimate tax avoidance method. The tactics used were highly questioned.

JASON KINGSLEY DRUMMOND. JUSTIN PIERS DRUMMOND. NILESH JAGATIA. CHRISTOPHER SIMON GORMAN OBE. These were the directors of Media Corporation PLC who did not keep Purple Lounge players' funds segregated, keeping the funds in UK company bank accounts, ultimately causing loss to those players and Media Corporation shareholders. If they were acting fraudulently this could mean that they personally not Purple Lounge or Media Corporation could be responsible for the losses of players and shareholders. This would date back to 2009 or further and could involve tens of millions of pounds.

Strangely there's no mention of the HMRC case or management travails of MDC on Jason Drummond's wiki page -

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.

 

[vinylweatherman]

JASON KINGSLEY DRUMMOND was in the High court twice as a result of a tax case with HMRC. He lost twice. The Judge's concerned did not accept that he was using a legitimate tax avoidance method. The tactics used were highly questioned.

JASON KINGSLEY DRUMMOND. JUSTIN PIERS DRUMMOND. NILESH JAGATIA. CHRISTOPHER SIMON GORMAN OBE. These were the directors of Media Corporation PLC who did not keep Purple Lounge players' funds segregated, keeping the funds in UK company bank accounts, ultimately causing loss to those players and Media Corporation shareholders. If they were acting fraudulently this could mean that they personally not Purple Lounge or Media Corporation could be responsible for the losses of players and shareholders. This would date back to 2009 or further and could involve tens of millions of pounds.

With Media Corp itself now having ceased trading, the way forward would seem to be a class action by players against these 4 former directors, firstly an attempt to establish that they acted fraudulently, and so are personally liable, and then to seek redress from their personal assets. One part of the action could involve requesting the court freeze their assets so that they cannot be put beyond the reach of justice should the players win damages. If any of these four believe they are at risk of losing such a case, you will see them moving their assets out of the jurisdiction of the UK pretty damn quick.

 

[Casinomeister]

...Maybe OBE really means One Blowjob Extra.

You've got real class - NOT.

Bye.

 

[jetset]

Look who has surfaced at Boxill plc (was The Weather Lottery)

NEW NAME FOR THE WEATHER LOTTERY PLC

Lottery company to rebrand as Boxhill plc... with some familiar names on the Board.

The directors of The Weather Lottery plc announced Friday that the lottery company has changed its name to Boxhill Technologies plc following the acquisitions earlier this year of payments software and processing businesses Poseve and Sormelle, and continued investment into lottery products.

The London AIM quoted company operates two divisions; one in lottery and the other in gaming and payments software solutions for both individuals and businesses.

Boxhill boasts a portfolio of payment solution products via its Pay Corporation brand. These include consumer-facing services such as the industry’s most secure prepaid voucher, top up card and a prepaid PayCorp Visa card, with further complementary products in production.

The Gaming and Payments Software division is currently generating increasing revenues through the provision of online payment systems for companies such as Ladbrokes, while other gaming and non-gaming merchants in a number of jurisdictions has seen an encouraging growth in use, a company spokesman said, adding that Boxhill has ambitious plans to deliver and acquire new products and businesses, with a particular focus on lotteries and global payment processing.

Boxhill’s board includes non-executive chairman Lord Tim Razzall, the Liberal Democrat’s spokesman on Trade and Industry, financial director Andrew Flitcroft, and two names that are better known in the online gambling sector as having been involved in high profile companies.

Boxhill's CEO is Phil Jackson, who is also the chairman of Media Corporation plc and the man at the helm during the highly publicised Purple Lounge liquidation. Jackson has over twenty years' experience in company management and for the last four years has been advising on the corporate development of betting software group, Intabet, as well as advising specialist health analytics group LA-SER on international expansion. He is also founder of Docobo, an eHealthcare company.

Kevin Dale is another well known industry name and serves as chief operating officer at Boxhill, as well as owning 29 percent of the company. His early career was in project management and management consultancy, culminating in a team leader role at Ernst & Young. He was seconded in 2000 to Coral Eurobet to implement a new strategic plan and acted as interim marketing director.

He later joined Sportingbet plc as marketing director as they expanded their worldwide customer base, and followed that with a stint as marketing director at Betfair in its early days of growth.

Since 2005 he has held a number of senior and consultancy roles within the gaming sector, including interim managing director at Littlewoods Betdirect and a director, then CEO of GameAccount for 7 years, where he helped build it into the world’s largest skill-based gaming network.

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[Richas]

Phil Jackson[/B], who is also the chairman of Media Corporation plc and the man at the helm during the highly publicised Purple Lounge liquidation. Jackson has over twenty years' experience in company management and for the last four years has been advising on the corporate development of betting software group, Intabet, as well as advising specialist health analytics group LA-SER on international expansion. He is also founder of Docobo, an eHealthcare company.

Nevada are keener on fit and proper persons checks than the UKGC but as this is a software supplier to Ladbrokes that will soon have a UK licence they will likely need a software license themselves. Someone should put in a complaint, this man should not be let near any punter's money.