Alevo Group’s Convoluted Share Registration System

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At the 2016 AGM a shareholder asked the Board of Alevo Group why the shares had been registered using the SIX SIS securities depository system. This was highly cumbersome, especially for non-Swiss shareholders, as it meant that they needed to have a correspondent bank hold the shares they had in Alevo Group, especially if they […]

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August 2016 Detailed Newspaper Article

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In August 2016 Dagens Næringsliv, “Norway’s leading business publication”[1], released a critical 16-page article about Jostein and his new venture. The article covered the Labyrinth of how money passed to Alevo, and between its companies, including how a large amount of the invested funds were sent straight to Jostein’s BVI company, Clydemont Finance Ltd. According […]

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2015 & 2016 – questions to answer

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In Switzerland companies are required to hold AGMs at least six months after the financial year end, and to produce accounts to shareholders before then. In 2013, 2014 & 2015 the company failed to adhere to this. AGMs are the ultimate governance mechanism for companies, but the board of ALEVO GROUP did not see fit […]

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2013 & 2014 – time to have fun!

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In 2013 Jostein appeared able to get beyond his secretive grouping of investors who put their money into Clydemont and Alevo in order to cleanse it, and was actually able to attract real investors, even at tremendous valuations! (Much of it based on an unrealistic business plan but which was very well sold). Being both […]

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Other relevant sources of information

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An article on some of the people Jostein Eikeland raised his money from (written in early 2017, before Alevo’s collapse) Business North Carolina on Alevo’s fall Cryptic claims of a smear campaign against journalist who help bring down Alevo – The original article in Norwegian is available here From 9 March 2009 an article here […]

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Clydemont Finance Limited

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Clydemont Finance Limited is the British Virgin Islands (BVI) company held by Jostein Eikeland. The company is mentioned in the June 2014 article that appeared in Dagens Næringsliv concerning the early funding of Alevo by a narco traficker. There appears to be another Florida-registered company with more or less the same name, CLYDEMONT FINANCE SERVICES, […]

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Alevo’s early funding by a narcotics trafficker

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In June 2014 Dagens Næringsliv published an article in which the newspaper claimed that Jostein Eikeland had on many occasions borrowed money from the narco trafficker Gjermund Cappelen in order to finance Alevo. Apparently many millions of NOK had passed through the accounts of DLA Piper (where Tord Eide worked at the time) either to […]

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The early days of Alevo

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Alevo was initially founded on the premise of licensing and using the fortu Powercell battery technology which has previously been developed for over a decade in Germany and which was due to have a production factory built in Michigan. In 2009 the initial business was founded in Florida, and soon developed into an idea to […]

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Julian Tanner

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Public Relations specialist. Julian Tanner never appears to have been part of Alevo management, although he had a very prominent role in the opening ceremony on October 28, 2014 whilst he was working at Axicom. Jostein Eikeland has worked with Mr Tanner for about 20 years. Since April 2018 Mr Tanner is working with Innolith, […]

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Markus Alder

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Former Chief General Counsel of ALEVO GROUP SA, starting in early 2017  In March 2017 alevo.com described Markus Alder as: An internationally respected corporate attorney and published legal scholar with more than two decades of experience, Markus Alder oversees all legal affairs worldwide for the Alevo Group. A long-time partner at the Swiss firm Thouvenin […]

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