Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
As far as administration is concerned, I think there's tiny possibility it could come out, slimmest of slimmest hope tbh. Should that be the case u could be looking at more than a year or so....look at mccals that went into administration...etc imho
Roache, no redx’s shareholders didn’t lose their shares. They did end up being diluted once they were trading again but that was because a new ceo came in and she attracted some new investors.
It's devastating news for all share holders here....wasn't expecting this. Definitely a bad time for this to happen especially when cost of living and inflation is squeezing finances...just at a time when people holding back the pennies to just pay the bills let alone treating oneself to luxuries..this going to administration feels like its robbed people of their livelihoods etc. Soo sadd! Imho
Roache
Look up Interpath.
I have lost shirt off my back. And expect to get nothing back. Because Oxford are onto a winner by defaulting. Any alternative would be up to a year yes.
A defensive statute against a creditor would have to be imposed and shielded by a court. It exists and Interpath would know.
I will contact Interpath Monday.
But it is only through legal leverage that Oxford can be prevented from forcing admin. They care not for anything but profit. I have been here before. And prevailed. But it was Trinidad and Tobago protective statute. We have the same but will Interpath use it?? Like Article 20 in the US. It works. But will they use it?!?!?
Why has everyone seemingly written off their capital without a fight? Why no action group etc?
Taverham it is a responsiblity of Directors, who are elected by Shareholders, to act in a way to protect and preserve Shareholder's interests. They have patently failed.
Fair, yes the directors have failed Andy it is the same mob who will now be at the table with the administrators. Whereas the pi’s have no voice but collectively a larger shareholding. If I was down more than £2k I would be organising an action group myself to ensure I was not stitched up during the administration process.
Thanks CRL. Interpath certainly look like a company that can help in this situation. Do we as shareholders have any influence here? How do we find out what Duncan is doing ?
So DDDD had investors from MERCK to Pfizer and others. If one of these bought them out or someone else, and continued the trials, would we as shareholders of DDDD lose our shares? Or would this all boil down to what the purchase agreement ended up being ?
Have Interpath worked for other companies …. Did Redx use Interpath?
I am happy to organize an action group.
Not sure how to offer email though. Not permitted here , is it.
Tav. the suggestion is admirable just need someone Corporate Law knowledge otherwise these guys will run rings around anyone else.
As I see it, is a bit like a bank calling in a mortgage where the borrower has reneged. Of course certain protocols have to be observed. It is reasonable to assume OF have tied up the Loan agreement in such a way that they are now acting in a Lawful way, having discussed the situation with Duncan. As already stated this position has not occured overnight.
CRl, I have seen people spell out their email address cryptically, missing out the obvious at etc . Or reffering people to web site s set up for the purpose or Facebook etc where they can be found . Obvious I would not suggest that because like Boris people should follow rules at all times!