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If my maths is right that’s £21 for every million shares you own in eridge......not my best investment, that’s for sure
Everyone received the circular today? If you have over a million shares in eridge you’ll get something back.
ere are 4,745,973,608 shares outstanding in Eridge. This makes the break up value of Eridge 0.0021p per share.
Subject to shareholder approval, shareholders will have a choice of one of two options to decide what to do about their claim:
Shareholders will be able to email shareholders@eridgecapital.co.uk and request that the company buys back their shares at 0.0021p per share. This offer will only be made available to beneficial owners. For those shareholders that do not directly appear on the shareholder register they will need to provide evidence of their holding. Timescales and further procedural details are described in the circular.
Shareholders will be able to request to swap their shares in Eridge Capital Limited for “B Shares” in Eridge Capital (UK) Limited (a company registered in England & Wales). Shares of Eridge Capital Limited can be swapped for B Shares in Eridge Capital (UK) Limited on a 1,000,000:1 basis (i.e. for every 1,000,000 shares held in Eridge Capital Limited these can be swapped for 1 B Share in Eridge Capital (UK) Limited).
I totally agree, would like it to be finished, at least use the loss for tax refund. At the moment it is never going to recover with you know who running his scam.
Obviously sheps85 thinks not I’m afraid, and to be honest I think I agree with that assumption, I am unable to get a grasp of our involvement in Eridge and there dealings in NTOG as to whether we have any chance of a return, but I’m afraid that I and many others who were taken in by New promises of riches have been royally shafted. It would be nice if someone from Eridge would finally put us out of our misery one way or the other and I could close this book and move on with other investments. Sorry if this is not what you wanted to hear but I have no other information available . GL .
So what are we looking at here? Do we hope to get anything back? Is it a loss cause? My shares are still registered on my account....
yep pot less, screwed over by the ceo, we know who that is.
Hi people , well if anybody out there, struggling to find any up to date details in Eridge and the investment in NTOG , are we still involved or are New investors completely pot less now . Any assistance would be greatly appreciated.
Shafted by these C.....U.....N.....T.....S...... hope their b...ollloc..ks fall off the C....U....N....T....S
he has conned everyone in this company for sure, now we know why he used our cash to buy into ntog board. no interest in us except for his own ends. forget this company now we have been double shafted by him.
NTOG seems to being doing well lately (not) can we just sell out of it now before the whole company evaporates
has anyone also noticed the email updates we were getting from him on a relatively regular basis have ground to a halt
The only person who will get their money back out of this company will be Turney, he's probably claimed more back in salary, and expenses, than he's ever put in as a shareholder.
at least we know he is useless as a share pundit. Everything he has bought gone to rat sh--t.
assume it is......and if by some miracle it does turnaround it will be a nice surprise. However if it does fall apart I hope people in the know forensically assess Ben Turney's actions since he took over so we know everything he's done has been in the shareholders best interest.
So is this all dead & buried ??
The fact is that the shareholders have been conned left-right and centre. Ben Turney is the worst of the lot because he came to line his pockets by pretending to be part of the shareholders interest group. Putting Eridge (NEW) shareholders money into NTOG and BST is a method of laundering money through their mates/groups .
Looks like ben turney bought another dead horse in ntog, bought at 2.5 now under 2. He is a waste of space, buying shares from his croney's was never going to work. he might as well bin the company and put us out of our misery. Big sofa what another dog he left our money in. what a shambles.
I certainly don't blame them, not now I've read the last two updates anyway.
GB- the update is a rehash of the update done 12 months or so ago, basically saying the bod are ok to pay themselves and they can gamble shareholders money as they like, but they ain't going to return to shareholders anything because that would be risking themselves to personal liability. One has to question for whom's benefit the company exists, yes a rhetorical question the answer of course is messrs BT and his sidekick SL. From your post from Friday it appears the laundry machine is working at some speed. It looks like most shareholders have given up and who can blame them.
So he didn't update shareholders despite pushing out an email update, so I'm told, on 3 April, which is the same day as the relevant filing at Companies House.
https://beta.companieshouse.gov.uk/company/11321836/filing-history
Apparently BT has just bought out an Eridge Capital Limited subsidiary! Eridge Capital (UK) Ltd was set up a year ago by Eridge Capital Ltd to carry out investigations to support litigation activities. Then in December of last year ECL (UK) took over a company running a share commentary website from someone who had been appointed as a director of both Eridge Capital companies less than two months earlier. The website pushes NTOG (but not BST for some reason). It's now official that earlier this week BT bought the website owning company, Dynamic Investor Relations Ltd, from Eridge Capital (UK). That's according to Companies House but did Isas and Shardster know about this already from the recent update?
More dilution over at NTOG.....you couldn't make it up
"I think #AIM needs another burst of focused and effective shareholder activism; There have been some shocking events recently involving a number of companies, with shareholders being robbed blind" He would know! PMSL
https://twitter.com/Ben_Turney/status/1113350493248610304
I am afraid the guy has no shame, he keeps on repeating the same thing over and over again, without completing any action or reporting any progress. How come you are able to run a company (pay wages, make investments etc.) but not return money to shareholders (their money) in form of dividends? so you can invest into high risk venture like NTOG and BST but not return capital to their rightful owners- if you are scared then you should resign. BT had given a undertaking he would consult shareholders on the future strategy, like other undertakings that still remains unfulfilled, but he is quite happy to throw/gamble our money in his mates ventures without asking our consent.