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Incompetence isn't illegal but fraud is, the notice of proceedings relating to fraud by Duncan Peyton as an individual has been drawn up according to the new Fraud Act 2007 (revised 2020 relating to individuals) and forwarded today. £120.00 job done. I wish there was a middle digit emoji/symbol I could add, but I'll have to settle for for... UP YOURS PAL YOU WONT BE A DIRECTOR OR HOLD A DECENT JOB FOR 10 YEARS by the time we've finished dragging it through the proceedings which I intend to publish on Linkedin. I'm determined that Duncan Peyton will become a business Pariah.
Failing to disclose information to shareholders in a timely manner breaks listing rules. Has that happened here wrt breeeching covenants? Has it happened here wrt the sec filings disclosing more info to the US investors than UK investors?
Incompetence is not illegal, but remember when it comes to Civil Cases, does build a picture of management not discharging it's duties towards Shareholders.
A Group action should note a similar claim against Neil Woodford has been rumbling on for 3 years.
So the Board got what they wanted in all resolutions passed and now led us to this situation. What utter incompetence.
Has Duncan just opened an LSE account to post that message below?
Unfortunately incompetence is not illegal. I would be very careful spending any money looking for legal redress. It takes ages. It costs a fortune.
I feel for you guys that were holding here, the worst possible outcome on investing :(
I'm not so sure it is a gonner just yet (likely, but not certain). There may be interest from a number of parties in buying this or they may solve issues with funding as RedX Pharma. I don't believe a word of their RNS's now but they did state in the last one that they had made good progress (or word to that effect). Whichever way it goes, its going to take time though, we won't know much for a while. Not holding onto any hope is probably the best approach and if anything changes it will be a bonus.
Cashy losses here for private investors can only be offset against taxable gains , not against income tax or if in a ISA etc is my understanding .
Obviously I'm invested, otherwise wouldn't be asking the question?
I witnessed this same reaction on XEL...of which a friend of mine lost 120k!!!!.....always a "shareholder action group" emerges....sadly this is a gonner....but chalk it up to experience and you can get a rebate on your tax at the end of the financial year on what you lost....losses are tax deductible...every cloud...etc
Are you invested in 4d Dave?
hi all , not really a poster but i am down around 50k and like others gutted . I invested in the science here but also and mainly for profit so totally gutted by this outcome . Still in disbelief they asking for higher salaries only days before admin something really is not quite right . If any action group is to be set up to look into legal implications conducted by 4d i would like to be part of it . dont know how to do it but it might be better to have a private twitter group as i am sure the bod are looking at the bb with great interest and peoples reactions. I would set one up but i am not good with tech stuff lol! or if anyone has a different suggetion i am all ears
What is your major malfunction, Masterblast?
Seriously. Let it go.
Is someone/can someone coordinate this? I am down a significant amount herr
Same here please can all keep us informed of any avenues to claw any monies back please?
The amount I invested in 4D is a lot to me. Reading the BB to decide what to do next.
GH.
A collective action may suit many shareholders, however it has to be co-ordinated, will consume time and money, OK an agressive Legal entity may take it on a No win No fee basis. Also should the company return from Administration a different complextion could be put on such an action.
I tend to agree with sunnyca's approach, for this reason, amongst others, should DP be culpable of some misdemeanor, the CPS will take up the cudgels, and any conviction will leave the door wide open to other claims against DP.
A collective action will need to prove on the balance of probabilites DP and others have been negligent. This type of Case would drag on for a considerable time.
Every interested Shareholder must make their own decision on the course of action too be adopted.
Is this breakthrough treatment under DDDD or has Duncan other interests in other companies going on?
What’s next steps here. I support pursuing DDDD/DP as a combined shareholder battle. I have a lot to lose if DDDD is gone. A combined effort may carry more weight.
Any particular area of treatment ?
I just spoke to a contact of mine today, apparently Duncan has some brake through treatment which has been conveniently unreported.
Wow, legal action really needs to be considered in this SP.
Not go at all…manipulation is the work of unscrupulous businesses trading on the market xxx