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Some Advice Needed Please

I've already posted in the Entrepreneur section but not sure if relevant there (or here for that matter)

Hello
I am hoping that some of you can throw some light on this for me please. I have no head for business but I fear the worst in this situation. I had a look at the company concerned website but cant understand what they are about.

Here is what I need help with.

This morning an elderly neighbour was over for tea and a chat. During the course of the conversation he mentioned that he and his son had been to a conference in the midlands with a company named Moralltach.

I am aware that my neighbour and his son are currently experiencing difficult times financially and I fear that what they picked up at this conference can not be good for them.

Here is what he told me:

If he invests €1000 with this company he will be returned €4000 after a period of 6 weeks. I find this part very difficult to believe.

But this part is more worrying.
By making the investment the door is then opened for a loan of €100,000. This loan will be charged at 5%pa and the FULL amount must be returned after 5 years.

He and his son plan on borrowing to purchase young horses (this is their line of work) and to resell at the sales hopefully at profit.

He assures me that no collateral is needed. Again I find this difficult to believe.

Can anyone throw some light on this company and also on the likelihood of this investment and outcomes?

I am genuinely concerned that they are about to be taken advantage of and could lose the little that they have.

Thanks folks.

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Yes absolutely to drum up interest The Ian Mullins Guy there since last year he was the guy I was to contact 😜

Moralltach the gift that keeps on giving!

Cannot find any record of him associated with the company with the exception of the above. Will do some digging around.

I hear on the grapevine that there are a couple of journalists sniffing around the company.

As a private company Moralltach has zero obligation to file any newswire on conversations around a distillery! Only a listed company would have to do this. It is fair to say that if it is genuine (unlikely) then making a public announcement is not in their interests as it alerts other parties. The fact they make the announcement at all when they have no obligation to do so speaks in volumes! The most likely reason they have done this is to drum up interest in the company.

https://images.app.goo.gl/GG3egMPqNTaXJj8P7

Twitter account called “Grow your business” constantly sends out Moralltach promotion rubbish. Pretends to promote other businesses but 75% of tweets are Moralltach related. Has no followers and is followed by no one.

High probability it is run by someone associated with Moralltach

And will pump a lot more hot air

They are pumping!!!

https://www.prnewswire.com/news-releases/the-wall-street-fraud-watchdog-warns-unwitting-investors-on-pump-and-dump-internet-marketing-schemes-for-penny-stocks-if-it-sounds-to-good-to-be-true-it-probably-is-252226681.ham

How can they announce yet again 22 hours ago that they are in the process of Acquiring a million distrillery Deal.

They will be trying to do their usual Moralltach shares for the asset, providing no actual funding and reflecting it is an asset!

Plays well to those that they have sold equity for cash to as to the uninitiated it looks as though they are doing real business. In reality they provide no funding and receive no revenue.

If Invest 123 Are the main investers of the project for 1million where is Moralltach in all of this The planning permission was put in by the the Farmer owner of the land James Mc Nally backed by investment by 123 Invest (Iwounder about them they have a lot of holding companies) So the deal is a million investment by main invester Invest 123 So Moralltach claim there in advanced talks for a million investment 🤔

Interesting - we know it’s all baloney! However, they think it makes them look credible!

No mention of mortallach here And according to them there near closing a deal of 1 million such baloney Look at the investor's a shady one there with no returns.

Where's Moralltach in all this Not even mentioned How could they invest 1 million https://www.google.ie/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjI97TQhJ74AhV4S0EAHRlOB58QFnoECA0QAQ&url=https%3A%2F%2Fwww.independent.ie%2Fbusiness%2Finvest-123-is-key-backer-of-100m-whiskey-plan-for-north-dublin-41217758.html&usg=AOvVaw0F6VC58pJm3BiRBMpVRbmB

https://m.independent.ie/regionals/dublin/fingal/balbriggan-economy-to-get-a-shot-in-the-arm-as-100m-whiskey-distillery-and-business-park-seeks-planning-permission-41167266.html

So they have no plan to create a genuine business. However, they do have a plan to paint a picture that they perhaps could be a genuine business if you ignore no audits, no cash, no assets, no revenue, credibility issues etc.

Create a twitter account

Start retweeting general business related new articles

Issue a news wire about “advanced talks” on a potential acquisition. They have no obligation to issue any such newswire and do it purely for marketing purposes for unsuspecting equity investors.

Just another way to bull **** people let's see if it goes anywhere It's another coy to look good if listing All I know it's Frankfort It's a case of conning investers 'Oh look a million euro investment ' Let's invest or maybe when listed we will be making millions The Dream if it was that good and that easy we would all be investing 🙈😜

They announced “they are in advanced talks”. That could literally mean anything!!

And also if this was a viable whisky business I am sure he would not be shopping around at bargain basement companies for funding.

The owner must be REALLY desperate if he thinks Moralltach is a credible source of funding!!!

Can you look up planning application for distrillerys in Ireland

I'd love to know where this distrillery is and they are pending planning permission

https://finance.yahoo.com/news/moralltach-global-plc-low-key-070000074.html

”Moralltach agrees to purchase assets from various groups”! With what? It is certainly not cash. It is more of the same Moralltach shares as consideration.

Now Moralltach will include this as an “asset”. But do they have full legal title to that asset? Would the owner of that land give up full legal title for Moralltach shares - very unlikely.

Does the owner of that land know the value per share that Moralltach attribute to each share? Bear in mind they self valued their property empire at €1.5bn on the NSX!

Bubba - assuming your contact still genuinely believes that Moralltach are listing ask them in which country and who they are using as their advisors on the listing.

i think you are right Bubba. For Fitzpatrick’s cash he received shares, worthless shares but shares. That would have been the argument as to why debt collectors were not appropriate as the assumption would have been by the court that this is a normal functioning company with a legitimate business model. Little did they know!

I'd love to know where the Patrick Fitzpatrick suitation ended up it got to court regarding Keiran Brennan getting an injunction against the Vipers company that went down to threaten him over Fitzpatricks more that 100 grand he invested and looking for his money But Brennan said that this money was going to be invested and paid in shares so maybe that's the rush to go to Frankfurt in the eyes of the court I wounder did Fitzpatrick persue it any further.This must not have not gone un noticed by any authority

https://www.rte.ie/brainstorm/2022/0112/1273221-white-collar-crime-ireland-fraud-anti-competitive-behaviour-money-laundering-cybercrime/

at this stage is probably the CEA that should be investigating them though. Moralltach have not funded one transaction to date, they have no assets. It is the misrepresentation to equity investors that should be investigated.

And yes the Bank should be out there protecting customers!

No they have not. They have no real assets. If the Irish authorities were to look at them I am pretty sure they would close them down. There is a reason that they are registered in Malta and not Ireland!

Has the central bank of Ireland issued a statement on them? Considering their focus on Ireland and Irish investors, Shirley the bank should be out there protecting consumers ?