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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: StockDung who wrote (93411)11/18/2005 11:09:31 AM
From: scion  Respond to of 122089
 
Put your money where your mouth is, Lumb.

Prufrock: St James Capital chief huffs and puffs
EDITED BY LOUISE ARMITSTEAD

OH dear, we have touched a nerve.
Last week Prufrock pondered the authenticity of Stephen Lumb, the mysterious but flashy South African president of St James Capital Holdings — and he’s gone berserk.

I had questioned whether Lumb was really a rich playboy in view of a claim that he did not pay a big bill. However, he vented his anger not at me, but bizarrely in a furious e-mail to property tycoon Vincent Tchenguiz whom he appears to blame for the leak.

The e-mail was full of bravado: “Be advised that I have retained the best and most innovative Investigators and Attorneys (including my own 10 ‘In House Lawyers’) to uncover the source . . . My security Team has been briefed and you may expect major due diligence into your private life and affairs.”

Worse was in store for party organiser Red Snapper, to which he allegedly owes £10,000.

He wrote: “It is my intention to bankrupt them . . . I cannot and will not allow myself to become Open Season!” Well, he might not have much choice. I hear that TD Waterhouse, the broker, has been looking for Lumb for a while, and last week used Prufrock’s information to track him down at the Bentley hotel. He was served papers for £11,000 of debt.

Put your money where your mouth is, Lumb.

timesonline.co.uk



To: StockDung who wrote (93411)11/18/2005 11:12:42 AM
From: scion  Respond to of 122089
 
Lumb plum in the firing line again

THE mystery surrounding Stephen Lumb, the playboy chairman of St James Holdings, deepens. He is already facing allegations of being a bad payer of debts, and last week investors in Hanover, a shell company controlled by Lumb, claimed he was a bad businessman, too.

Among complaints at Hanover was the allegation that he had failed to distribute the company’s assets to shareholders as he had stated in public announcements.

There’s little the 7,000 private investors could do. One, who decided to tackle Lumb directly, was threatened with legal action, and told in an e-mail that St James Holdings would be taking control, so it didn’t matter anyway.

Lumb insists he is being unfairly targeted. He said: “It is success, happiness and huge wealth that counts to me. The jealous, pitiful and unsuccessful unfortunates of this world love to attempt to bring down those they envy, but they’ll never succeed.”

timesonline.co.uk