Pierre Vannineuse / Alph Blue Oceans Bracknor Investment Group FRAUD/SCAM alert: Pierre Vannineuse and Alpha Blue Ocean destroyed the stock price of FIT Biotech OY and many other companies. Mayfair London
FRAUD ALERT
As a shareholder in FIT Biotech OY, I thought an investment by Alpha Blue Ocean would be a positive piece of news for the company, who needed a stable investor to help with their ongoing financing needs. Cleverly disguised as a convertible note, Alpha Blue Ocean merely excersises their notes into stock which they immediately sell at a huge profit. Because these convertibles are floorless, they sell your stock to zero. With Fit Biotech, the stock has decreased over 99% since the deal was consummated in December! Other financings have caused the share prices of companies to plummet including CybAero AB, Mologen AG and Cereno Scientific AB. One company, Induct AS, has declined from 12 to 7 since signing an agreement in January!
Unfortunately, this is an old story for Pierre Vannineuse. He used to run Bracknor Investments, another predatory bucket-shop that destroyed wealth in a variety of companies before he decided to move his scheme to a new name and entity. Alpha Blue Ocean is a complete scam, they just sell the stock they purchase back into the market locking at a hefty profit. Because the number of shares resets at each conversion, they have no motivation to see the share price stabilize or go up. It is sound advice to liquidate all your holding in stocks in which they are financing as the stock will go down sharply as evidenced by their prior deals.
More can be found in the Financial Times: https://www.ft.com/content/f663e4a8-f9e5-11e6-bd4e-68d53499ed71
1 Updates & Rebuttals
Jerry H.
London,United Kingdom
Alpha Blue Ocean & Paul Vannineuse Fraud
#2Consumer Comment
Sun, April 22, 2018
It appears the Bracknor name has become too tarnished for Mr. Vannineuse. His newest fraud involves the ficticious investment company called Alpha Blue Ocean, which in reality acts more like a broker in liquidating stock in companies. I owned shares of Mologen AG, which have fallen precipitously since Alpha Blue Ocean began funding them with a convertible bond scheme. They never held the position, instead selling it out and pocketing 10% of the value in repeated events. The stock has gone down over 25% in less than a month, and I expect it to go lower.