Fastlane Financial Advisory: PETROCAPITAL RESOURCES CHAIRMAN OLYMPITIS FOCUS OF SHAREHOLDER RAGE

(firmenpresse) - Fastlane Financial Advisory: PETROCAPITAL RESOURCES CHAIRMAN OLYMPITIS FOCUS OF SHAREHOLDER RAGE

Zurich, March 2nd 2010

At a recent investor conference in Zurich, irate shareholders are preparing legal actions against a rogue board of a UK PLC. “Never have we seen such unethical conduct, such flagrant abuse of a public company position”, comments Bernd Schulze, Managing Director of Fastlane Financial GmbH. “We have spent substantial time investigating the board members, their background and conduct over the past 6 months, and in hindsight our due-diligence should have revealed the shady and questionable past personal life of Mr Olympitis, its Chairman, with highly publicized liaisons ranging from Winston Churchill’s ex mistress Jan Cushing, to a long lost faded ex-Bond girl by the name of Marylin Galsworthy who claimed he fathered her child. A former insurance salesman and ‘curtain hanger’, as Olympitis has been publicly referred to, he has no business managing a UK public company. He currently serves on the board of several UK PLC’s, mainly fledgling start-ups with little or no future and often disturbing business practices. Through is incompetence and negligent conduct he has caused millions of Euros in shareholder losses. PCR shares plummeted on the Frankfurt markets over 90% since the self-appointed CEO Olympitis took the helm of the company in September last year by ousting Jochen Schaefer as CEO and President. Schaefer was the founder of PCR and instrumental in raising all of PCR’s funding and attracting world renowned institutions as the Oppenheim Group as investors. He appointed Olympitis as Chairman who recommended Tim LeDruillenec, a close friend of Olympitis’ and part-time wine merchant as CFO and Schaefer even conceded to take over the costs for Olympitis’ Beauchamp Place offices and personal secretary for use as corporate headquarters as a favour to cash-strapped Olympitis, who is still running various other businesses and his personal affairs from the PCR offices and with PCR shareholder funds. We have been investigating this blatant abuse, which includes regular lavish lunches at nearby San Lorenzo restaurant on largely shareholder expenses, through independent channels and gathered sufficient evidence, which we shared at our investor conference, to take serious legal steps against the board members individually. Under the circumstances, most investors are likely to face a substantial, if not complete loss of their investments and we will hold the board fully responsible.”



Contact:
Fastlane Financial Advisory GmbH
Schulze Bernd
Sonnenbergstrasse 61
8032 Zürich

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Datum: 03.03.2010 - 17:04 Uhr
Sprache: Deutsch
News-ID 168182
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Wien

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Wirtschaft (allg.)

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