BUT COULD A BOILER ROOM CON A GOVERNMENT? WAKEY WAKEY BANGOK!
The authorities in Croatia, who are discussing a port and logistics facilities of which Sparta-Matrix holds 55 per cent of the holding company Miklavja LC, have given the so called boss Philip Wainwright some 45 days to come up with a plan and some 750,000 Euros.
They believe if he does that the whole plan, which will of course cost millions more, will be saved and the port will be saved. There appears to be some sort of language barrier. Well the city of Matulji is a small place but wants to be put on the map. A port facility at nearby Rijeka would save it.
And Sparta Matrix has put in some US$2 million already telling investors it has high tec logistics, and freight tracking solutions but works out of a series of serviced offices. The problem is that this is not a US$2million project.
Miklavja, 55 per cent owned by Wainwright, is due to go into bankruptcy. Hence investors, grannies and grandpas from all over Europe, including the UK, stand to get nothing. He continues to talk from the hip saying that he will save the company and bring the cash.
But Philip Wainwright has only been to Croatia a couple of times, one time for a photo call with the Prime Minister and of course Wainwright is not in the business of saving companies – he is in the business for taking people’s cash on duff projects – and what's more duffer than one you can control yourself!
The longer he delays on this project and keeps the city's hopes up - the more cash he can bring in.
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| Wainright, left, with Croatian President |
I am now in direct touch with people on the ground in Matulji and other Europeans know exactly what is going on.
But this is a classic example of not telling the King he is dressed in his birthday suit.
The bankruptcy officer Vesna Pindulic appears to have her head in the clouds and her English is limited, as is that of most of the people. It appears she wants to give Sparta Matrix time to pay.
Meanwhile Wainwright is telling investors that his company owns the land for this development and he wants them to invest more – to clear local legal actions.
Meanwhile the money for Sparta-Matrix – a company created by boiler room operators – is being raised by pimply faced youths and their ‘loaders’ in various boiler rooms across Asia.
SpartaMatrix is only putting in cash, and then not real amounts, when the whining gets too shrill, but most of course goes into its own pockets. The thought of these guys running port facilities …….!
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| Could not read the end of this because when I clicked on more the link page was no longer there. But SPM has no competitors |
The Flying Sporran has been invited to go to Croatia but is currently involved in dealing with low rent con men in Thailand.