Moralltach Global Plc - J K Brennan

Milo1970

I am a so called Investor in Moralltach Global PLC!

It appears that J K Brennan CEO and Chairman of Moralltach along with his son Tomas either do not understand or know the difference between a Public Limited Company and a Private Limited Company.

Moralltach Global Plc were supposed to have company AGM in Malta on 7th September, postponed to 27th September, further postponed to 11th October and now postponed until 17th November!

What is laughable is his comments in his latest shareholder letter that AGM's are in essence functionary.

In previous correspondence no one is allowed to make any comments at AGM without prior approval from Board of Directors, as there is no board of directors I assume one can speak freely!

He has no board of directors, we are not aware of who his legal team is or who his supporting bank(s) are! If investors want to view documents filed like accounts Etc with the Maltese Business Register, they have to pay to view these files

If you are a Public Limited Company, as far as I am aware you need to notify shareholders 21days in advance, advertise same in national newspapers, you receive the latest issue of prospectus and the latest set of filed accounts to investors at no charge to the investors!

Milo1970

I am just wondering if anyone in the chat forum has been duped by the aforementioned individuals above, or know of anyone who has been duped by these same individuals. Please PM me. Thank you.🙏

whomitconcerns

What are you talking about???

Milo1970

This is what I am talking about!

I was duped by J K Brennan, I gave him Money in exchange for shares in Moralltach Global PLC at a ratio of 4:1 on the NSX Australia, shares went public on 12th March 2018. I received no share certificate, no allocation of shares and no refund of monies paid back despite numerous requests of same.

If you do not know how this works, I will explain further in that if you apply for shares in a “PLC” company you will receive your share allocation on floatation and if the shares are oversubscribed, then you will receive a reduced allocation and a refund cheque for the balance is issued immediately, to which none of this happened.

Do you need to know anything further!

notsocutehoor

There was a previous topic on this 'company' here I think, with the vast majority of the posters being dubious (at best) about them, sorry you got sucked in but not looking good for you. When you see an official document issuing from a listed business with 'per functionary' in it it's probably time to start worrying. Hope it works out for you

Milo1970

Thank you for your kind words. Yes you are correct it was the chat forum “Some Advice Needed Please”. I have resigned myself that monies may have been lost, but I hope to prevent other individuals been sucked into his web of dishonesty!

Veritas26

Sadly you and several hundred others have lost your money.

The company will never IPO but the facade has to be maintained to appease the investors.

If you want to contact other parties look at their IM in Australia many are mentioned and you can work out the owners. The Hattons farm legal case this year with the Moralltach lawyer Cormac Lohan is one such example.

There was a legal case against a shareholder by Brennan which was in the press.

Contact the journalist that wrote the article on Moralltach a few months back and tell him your story. There are plenty more like you.

Good luck

Milo1970

Yes, thank you for your comments. What does IM mean!

I would like to get in contact with these people if at all possible.

Yes you are right, Brennan is trying to buy time by kicking the can down the road it will never IPO, he took all shareholders investors monies and put them into a company called Sapphire Innovation Ltd, for his own nest egg by which he had €954K at the 30th June 2018, no further accounts filed since.

If Brennan is having difficulty with investors he tries to bring them to court buying time to get 6 years protection by court by dragging out cases and costing investors more money.

He tried that with me sending me a threatening abusive letter from his solicitor James T Flynn who is also no angel or a pillar of society.

Yes, the Hattons, Lohan, Brennan, Flynn, Reville and Forte, the web widens for these individuals. I am sure there are more to name but they are all connected!

I think the legal case you’re speaking about is the Bray builder who got the Viper to pay him a visit! Brennan got a high court injunction against him!

Yes, I have planned to contact the three journalists Niall Brady, Sunday Times, Barry J Whyte, Sunday Business Post and Mary Carolan Irish Times.

Milo1970

This is the latest correspondence that I received from Moralltach Global Plc yesterday evening! Surprise Surprise another AGM Postponement

Milo1970

What does IM mean!

Veritas26

Information Memorandum

Veritas26

https://www.nsx.com.au/ftp/news/021732646.PDF

Veritas26

If the meeting ever takes place they can just hire out the cloakroom to house all the attendees!

Milo1970

🤣🤣

Veritas26

i almost feel like flying out on the 30th to see the comedy unfold!

Milo1970

I wouldn’t bother as it will not take place. He will cancel this one week before the event. As you correctly said this is just to appease shareholders 🙄🤦🏼

Milo1970

We Would like to invite anyone who has been affected in any way or is currently an Investor in Moralltach Global Plc on the Chat Forum to attend a meeting of the investors of Moralltach Global Plc on Sunday January 21st 2024 commencing at 10am in Brady's Public House, Shankill, Co. Dublin D18 E1W0.

Please note that this meeting is STRICTLY for people who have been affected and Investors of Moralltach Global Plc Only.

Please PM me if you wish to attend. Thank you.

Shaznal

@Milo1970 did you ever get answers here? I am an "investor" too but started getting responses and access to a new webpage login after kicking a few cans in February. My login no longer works and the responses to my emails haves stopped. Last update was that they are floating in May but I am not holding my breath.

Veritas26

they will never float

Fintail200d

Hi there,

I've just come across this thread. I've obviously missed the meeting in January. I also invested in Moralltach in 2016/2017 through Ann Collins in Athboy . When the company was listed on the stock exchange in Australia we were supposed to be able to cash in the shares. Upon launch there was an embargo on share disposal for us investors and before we knew it the company was delisted. Still being told they're launching in Germany and we can cash in then . I don't hold out much hope.

Any help or meetings are welcome and appreciated!

Shaznal

@Fintail200d unfortunatley, like all the other investors you have lost your money. The company is a sham and will never succeed with Brennan at the helm..

Fintail200d

I see John Brennan is stepping down as Director!

positiveminds

any updates on this? Thanks

ThatLadyWithTheTech

Hey, I did some extensive work for the company (and specifically John Kieran Brennan and his Son Thoman Brennan, Moralltach Global PLC), had a contract stating that I would be paid in shares as they claimed to not have any cash capital available to pay for my services. I agreed despite it being a financial burden to me having the capital tied up. When the time came for me to actually get paid and have the shares transferred over, I recieved an answer that "the contract was not fulfilled on your end". I reached out to question what that meant as I had completed all tasks save for 2 which were contingent on them giving me information and I had in writing that they no longer needed those tasks completed. I also attached the signed contract in the email to Thomas Brennan. He blocked me as a result. No answer, just blocked me.

I then emailed John Kieran Brennan the same thing questioning what the problem was and at that point I was looking for a solution to be paid for the work completed as I had spent HOURS of my time working for them. He blocked me as well. No answer, just blocked. I now hear that they are claiming no work was done and that they were very displeased with what work was completed (interesting, if no work was done - then how are you displeased with the work completed?), this despite me having emails and text-messages with Thomas Brennan stating the opposite.

I am looking into filing a small claims case against them, but do have friends and family who "owns" (who knows with these guys though, they're obviously not opposed to fraudulent behavior) shares in their company that is supposedly going public - so didn't want to ruin it for them. If there is an ongoing suit from others who have done work for them without getting paid, I would happily join that with the evidence I have. I know there was a company that built a website for them and never got paid (moralltachglobal.com - which is why they have .net now as the company were smart and are keeping the domain until they get paid). I believe there is also an australian lawyer that was never paid for their services that Thomas was calling all sorts of names in a meeting. If any of these individuals have a lawsuit going, I am open to provide my evidence of their lack of character and the signed contract they are refusing to honour. Sad that these types of people get to roam freely.

The latest is that they have been purchased by an American company named Cirmaker Technology Corporation (CRKT) - which it can be assumed it how they're hoping to eventually "get onto the market". Shareowners should probably be worried that their ownership could be diluted though - as that appears to be the usual way of fraudsters like these. I hope that Kam Kwan Chu (President, Chief Executive Officer & Director) and Kin Hang Chan (Chief Operating Officer & Director) of Cirmaker Technology Corporation (CRKT).

legalguy2024

Hi Guys, shareholder too. It looks like they listed by a reverse acquisition. Awesome news!!

Fintail200d

There might be some light at the end of the tunnel! 🤔