that is now worth £900000 as a result of big sofa share price rising, should have a little over £2 million left for wages for the elite running this bag of poo. the nomad cornish should be sued for there part in this deception that they tried to get away with, why should the little people always get shafted
Yes, an interesting question. If the 4.8m was money being laundered then the Cornhill 2015 placing funds, approved by the Board and advised by Cornish, were mixed with what was left after the gift to All Maram. That means that the Big Sofa funding belongs to the Kazakhs too because that's the way it works when money laundering gets found out.. Of course the Kazakhs might be happy to let us keep the lot . Let's hope Reynolds, Lee and Turney have managed to convince them not to pursue us through the courts. They can tell us all about it at next month's EGM!
I don't think there will be any money returning to NEW investors i hope I'm wrong Whatever money there is will get used on admin? As for AIM that will never get sorted To many people making big money out of mug punters Unless all the mug punters pulled all the money out but that would never happen Regards Mug punter
Croth agree, thats why there is a case for the Nomad and old bod to answer, it was a deliberate fraudulent activity by them to issues shares after suspension to cover the the naked short selling, nothing to do with having assets ready to be invested in as they implied and misled the investors- it was a blatant lie and they have acknowledged as such- I think there is a strong case for the company to take them to the cleaners.
Any deals that didn't settle within a sensible timeframe should be retrospectively be made null and void. I'd happily have my money back and forget that NEW ever existed.
Yes it was a gamble/punt based on the situation they created for themselves (I won't claim to have been in before it all kicked off) but going into suspension for such a long length of time until the new shares were forced into existence (against the wishes of the original EGM vote) was crooked as hell. There probably wasn't a realistic way they could have resolved the mess once buy after buy order came in once the news of the forward selling broke but they have got off so lightly with a pathetic little fine while those of us caught up in it have effectively lost everything.
So many mistakes were made. It was too slow to go into suspension for a start. A relatively small mess would have been expensive but possible to clear up. By allowing it to go on, they let it get so bad there was no way it could get sorted without shafting all of the investors.
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