Looks like the brokers will get investor's share certificates in the mail soon after May 15, 2017. What then? Will investors have to slug more money to get their worthless paper (share certificates...) mailed out to them?
is anyone able to assist in me finding a list of shareholders in XEL and allocation of share please? I was holding a quantity and recently learned of their situation. I know there will be nothing left for us from sale of assets but could assist my next tax return. The liquidation couldn't help?? Thank you.
Depositary Interests representing securities in Xcite Energy Limited (in Liquidation)("Company") ISIN: VGG9828A1194
The purpose of this letter is to give you notice of our intention to terminate the deed in which the Depositary Interests are constituted and indrectly held within the settlement system, CREST (the "Deed"). The termination of the Deed will take effect on 15 May 2017.
Following receipt of notice from the Joint Liquidators of the Company detailing the liquidation of Xcite Energy Limited, the Joint Liquidators Mr ian Morton and Mr Chad Griffin have informed of us of a restriction under BVI law (section 175(1)(d) of the British Virgin Insolvency Act 2003) which prohibits any changes to the register of members without an order from the BVI Court.
Subsequently, the above mentioned ISIN has been disabled, resulting in no deposits, withdrawls or movements within CREST. We will continue to hold the Depositary Interest records in a static state until the Company is wound up or the Court orders otherwise.
Foi, DECC should be sued over pressure put on small oilco by rejecting in 2011 XER FDP plan and forcing requirement for hugely expensive EWT on naiive XER management. There were far cheaper options to obtain the supposedly required data if necessary, guidance was completely inept and suspicious at best. Jmo. Ditto for funding fiasco, giving up what was in place for literally nothing, What inept incompetent ceo's XEL proved to have, to be charitable bs completely baffling brains. Jmho.
Are you sure? Like I said, he stopped receiving rent over a year ago and the office in Guildford hasn't moved. When I did some digging on both Guildford and Aberdeen offices a while back neither were owned or leased by Cole's overseas entity (seaburome). I think it's more likely it was a house used for executives to stay in when travelling between offices.
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