What's somewhat surprising is that from the major shareholders that have been coerced by this bod and their intended failed accomplishments into investment in xel no coordinated legal action as yet at least appears evident to at least bring this bod to account, and ejection as ongoing representatives of current shareholders interests. Also the lack of any supposed industry interest in a low ball offer for xel.
Have they all just given up, rolled over, accepted their losses, and allowing the management incompetents to carry on with this useless plan? Is there no way at least under fiduciary duties and the absolute bs shareholders seem to have been fed for years that they cannot legally at least be held to account for their complete, hugely expensive failure over years.
If there were successful legal proceedings against Xcite Energy would the bondholders still be entitled to repayment or would compensation and fines leave be taken away from what might be due to bondholders? Could Directors or the Management Team be individually liable for compensation of fines resulting from inappropriate activities whether caused losses to shareholders or the government?
Viper I don't disagree this BOD needs a glasgow kiss from every shareholder. The GT Train robbers stole £2.6mil and got 30 years. This lot far in excess of £260mil & they can & do show shareholders two fingers. If you go on holiday top hotel Dubai, maybe just maybe you can give Rupert a kiss. You will not meet him at the local cafe. That's my chance gone.
That as it maybe is the case bodog, but only that fk-wit has crossed my path and cost me a 6 fig sum and many other PIs as well. He is a thief, liar and a conman(my Opinions). If I meet him, he will be privy to a glasgow kiss and a good doooooing.
May the flees of a thousand camels run wild on his baws for the rest of his life.
I even have a voodoo doll with pins in it. Hawd it a minute and I will stick one in eye now.
There are many Rupert Cole's on the AIM market. They are not watching there backs, why should they it's legal !!! & well paid. Stop paying your council tax & end up in jail, beggars belief. Maybe the UK needs a Donald Trump ???
If so, then he award for the biggest AIM FK-UP of all time, goes to one of the most corrupt individuals(my opinion) i have linked to, the only and only Mr Rupert Cole. A man who has lied, misslead and cheated many PIs out of their hard earned money with more JAM tomorrow stories than one could imagine, NDAs my arxx, and at the same time pocketed a healthly sum of money from shares and salary.
I wish this man worst, that very worst that any future life can thru at him, that he suffer chronic illnes for the rest of his life, so as not to enjoy the money (ill gained) .
All my opinion and after losing my wedge I am entitled to it.
Helpful post.jonjo Sat 14.39. Might it be possible for us to give a proxy vote towards a proposition to set up a creditors committee? Presumably as shareholders we are at the bottom of the list of creditors but presumably are entitled to be represented. Might we also be able to make individual representations to the Liquidator?
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