dragon, do you know how the IRS approaches the FATCA legislation, with regard to folks like TK (I don't think he's given up his US passport)?
Doubling down on Americans living and working abroad is a way for the US Internal Revenue Service to squeeze the turnip a little harder in pursuit of a little more blood. The Obama administration, which has never met a tax it couldn’t love, included something called the “Foreign Account Tax Compliance Act,” or FATCA, in the so-called stimulus package in 2010. FATCA requires foreign banks to spy on the bank accounts of American citizens working abroad and report what it finds to the IRS.
The IRS has found taxpayers to consider American citizens for tax purposes (is there any other purpose for American citizens in the eyes of the U.S. government?) who didn’t know they were subject to U.S. tax law. One of these is Mayor Boris Johnson of London, born in New York City to English parents and who held joint U.S.-British citizenship until he was hit by the IRS for capital gains taxes on money made on the sale of his London residence. Like thousands of others since the passage of FATCA, he renounced his American citizenship.
BroadfordB. Yes i understand that and have understanding of this FCA Inaction LOL..
This issue was raised in 2009, 2010, 2011 raised with intense pressure in 2012, all resulted in inaction by UK regulators. In 2013 details were logged.
If the UK sits on its hands much longer- then I would expect heads to roll @ the FCA.
Is it not strange how a court case was run through the UK involving TKI and Excalibur, when it should have been heard in the USA, as all parties were USA Based, none under the jurisdiction of the UK, where the judicial system fails miserably.
In 2012 the issues regarding swiss lawyers were again ignored by UK regulators- when not adhering regulation and the NOMAD of GKP failing to act withing the regulations- but one could assume vested interests by the NOMAD.
I too have read the divorce, its all a big scam, Tony Peart, the financial guru is still there. I have emailed gkp about this and no answer. Anyway, i am still hoping/wishing that we can get up that ladder so i can get out of this place, then, watch the movie that is gkp.
don't worry, there are several complaints by substantial shareholders already winging their way towards the FCA regarding this matter. It probably won't be too long before one of the financial rags picks up on it.
None of these things happened in a vacuum - there are always others involved, either by their actions or their inactions.
The directors of this company, past and present, all need to be put under the spotlight as to their actions and inactions at that time. Also, any senior management still with the company who may have contributed to "signing-off" such things needs to be investigated too.
It was further announced that an additional 133,513 new common shares of $0.01 were issued to employees under the Company's Executive Bonus Scheme, including an issue to Director, Ewen Ainsworth, of 54,233 shares.
So in August and September these 133,513 shares were not in total shares issues , but somehow appeared on October 6th 2009. What were those shares doing in that period
If shareholders matter, Mrs K, would have acted with tem and made sure all proceeds are returned to the company, or dose the recepient of ill gotten gains assume GKP have no funds for a legal fight?
These is someting in US law that allows those proceeds to be taken back- when trading illegally the spolis of tose trades are not above being frozen.
How dose a CEO lend Company money to a lawyer to buy shares in a placing for a trust which the Kozel family werer aware of beneifts some family members.
When I read crap about Mr K had the guts to go after it, I wonder where the moral, ethical , legal compass falls in profiting from such trading and how the Directors of the company at that time are still absent with out leave and ignoring responsibility.
The placing at 9p was brought bu Gokana with Shareholders money lent to a lawyer, which Mrs K was aware of and now seeks to gain a percentage of that- any LAWYER who would not advise there cleint about the proceeds of illict trading and benefitting would be wise to open eyes and act accordingly in returning any monies to GKP.
Gokana was set up with GKP money, not Mrs Kozels and if she wants to play the scorned wife, she best remember where the money came from. You can be in reciept of proceeeds gained illagaly and cry wolf. You equally have a responsibility to uphold the law and act with shareholder, you should not go out for personal gain. Further more all directors signed off a placing, not just one CEO, so all are guilty of not acting
A QUICK GLANCE BACK WHEN 30% OF THE COMPANY WAS GIVEN AWAY, IN EEFECT IT CAME DOWN TO 25% OF THE COMPANY, THAT WAS THE MASSIVE DILUTION . I AM SORRY, BUT HOW DOES MRS KOZEL BENIFIT, SHE IS THE SAME AS MR KOZEL.. HAVE A LOOK BELOW AND SPOT THE MSSING SHARES AWOL FOR 3 MONTHS.
There is so much missing from share sales in GKP it beggars belief. One issue here, the divorce case is part of a much bigger picture, and anyone thinking multiple members of a certain family past, present ,ex's have not benefitted is delusional. ONE PERSON FIGHTING TO GET HANDS ON PRIVATE INVESTORS SHARES IS NOT WITHOUT RISK. THAT DIVORCE SETTLEMENT IS SMALL FRY, BUT MAY WELL LAND THE RECEPIENT IN TROUBLE.
Just to focus minds how many shares were issued @9p , who were the buyers of those shares? where did the money come from for those shares? M
Did that 9p placing give 20% of the company to a selected few people? It sure was not theres to give AWAY, it was not theres to take EITHER.
October 6 2009 The Company's issued share capital consists of 478,624,839 common shares of US$0.01 with each share carrying the right to one vote. There are no shares held in treasury Thats an increase in shares in issue of 133,513 in one month? http://ir1.euroinvestor.com/asp/ir/GulfKeystone/NewsRead.aspx?storyid=12274360&ishtml=0 Go back to August 3rd On 3 August 2009, the Company successfully completed a placing of 75.6 million new common shares of $0.01 each at a placing price of ?0.09 per share raising gross proceeds of approximatel
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