According to a June 25 article in the Financial Times Mobestar was a "clear example of a company that should never have been brought to AIM." In other words, it should not have been underwritten and made a public firm.

Also, according to a June 23 article in the Telegraph, it claims the company "went bust at the end of last year."

These are 2 reporters at 2 reputable financial tabloids, both basicly declaring the final fate of the firm.

The FT article discusses Mobestar as an example in its story on the London Stock Exchange's recent disciplining of other companies that use Nominated Advisers (Nomads).

For Mobestar to be mentioned in such a negative light within a week by BOTH the Financial Times and the Telegraph alone says alot about that firm and what it was up to. But it leads me to wonder....over and above the 2008 "bust" according to the Telegraph, Mobestar's Q1's actions, mentioned in the above posts, may further catch the eye of the LSE.

Marc Lesnick
Conference Organizer
Internet Dating Conference

Just did a check up on the status of this from a year ago. I had though the matter was dead, but I was wrong.

From my post above that in Q1 2009, Peter Richards (Founder and ex-CEO of Mobestar and CEO of Venture Pilot) bought all the "assets" of Mobestar for a mere 35,000 GBP (net of VAT), leaving all the creditors completely screwed with a shell company with no assets and revenue.

Assets purchased for the bargain price of 35,000 GBP included obviously the software and....more importantly....the domain name MOBESTAR.com .

Mobestar.com moves forward and has removed an 'inconvenience' (the prior investors and creditors), which most were left out in the cold.

So now they are acting as if everything is just fine and they are getting business from others.

A few words of warning to potential business customers of Mobestar.com:

A) It appears that they were trying to hide the Venture Pilot name by calling it "V P Technologies Limited". They copyright at the bottom of the page reads:

and the Terms and conditions reads:


B) "Mobestar" as a company is basically defunct. While it may appear a shell game that V P Technologies is now Mobestar.com, investors and creditors from Mobestar were not paid and defrauded alot of money. Please note Mobestar had ripped off the University of Surrey, among many other companies and individuals, all under Peter Richards executive position.

The same person who did this we believe is the same person at V P Technologies (a.k.a. Mobestar.com)

C) Please check the company's references and former contacts thoroughly. I believe you may find a littany of complaints.

Please fact-check and double-check the company history. You may drw the same conclusions as myself. Please beware of these people.

Marc Lesnick