The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I have to agree as share holders this is disgraceful
Last rns states report to court before the end of January 2021. It also states, further update to all stakeholders will be posted on RNS shortly thereafter. Shortly after!! Ha aka months and months later. This is becoming a joke now
These updates are just to much lol
Thanks for that, I keep hitting a dead end with those guys as my position is via IG as a spread bet so I’m not on the shareholder list. So they won’t tell me about the latest status etc
Have you emailed them?!
As promised, I contacted Borelli Walsh as they were suggested as being the receivers. I got the following response,
Dear Sir
We are not the receivers of G3E (the "Company").
On 13 October 2020, by order of the Grand Court of the Cayman Islands (the "Court") the Company was moved from being in provisional liquidation to full official liquidation.
Mr Alexander Lawson and Mr Christopher Kennedy of Alvarez & Marsal are the joint official liquidators ("JOLs") of the Company. Upon appointment of the JOLs, all powers of management of the assets, property and business of the Company vest in the JOLs.
Should you have any queries, please do not hesitate to contact the JOL, Mr Alexander Lawson via email alawson@alvarezandmarsal.com or his colleague, Rebecca Rohan, via email atrrohan@alvarezandmarsal.com.
How and why is this taking so flipping long with zero updates.
See a couple of you in here. I joined in today too!
Don't give up just yet, they still had a lot of parts to shift in the sales lol
but would be a nice curtesy if they gave some kind of update
progressing sales, some completed others in motion / tough **** your all screwed
the ceo gets what's left after the bills paid lol
I only pop on now and again but not holding any hope here
Yep, I think it is time to write it off...
I don’t even think about this anymore roob , 9 months now is it ?? Can’t see anything happening
Anyone had an update from them?
IKN, Been buying CRTM since 7p so thanks for that :)
Have we given up with this **** show?
CRTM now 20p from 5p when I called it :)
If they found a high % success rate cure for cancer it certainly would be. Remember when it went from sub 1p to 10p many years ago. Much bigger mcap now but certainly lots of potential to blow the roof off.
(This is not a recommendation to bu or sell FA)
Have a good weekend guys.
I have read your conversations and I am invested just waiting for the conclusions???? what do you think of SAR is it a 1000 x er just asking the question?????
Ah yes, that is a good response! Means they should... might talk to you in the future.
I have done my position via a spreadbet on IG so I don't show on the register annoyingly.
It is a super slow process it seems.
You would think all want their money as quick as possible.
Thanks Rooble. Happy to contact Borelli and report back.
Got it yesterday after they wanted to know how many shares I hold and through whom I purchased.
This could be useful from the Nov RNS -
"On 9 September 2019, Borrelli Walsh (the "Receivers") were appointed receivers of GGC, such that GGC (and a number of its subsidiaries) are now controlled by the Receivers."
It would help if we got those up to date accounts they were suppose to produce in a previous RNS... the reason they haven't been realised could be telling
I agree. Very possible. Worth us trying to hunt out the subsidies & the accounts of them as it might refer to related party loans etc which would indicate a connection to the board.
Hey Gheko
When did you get this? I got this in about early Feb. I think I posted it on here.
At the time I said that it all sounds a bit fishy and I wouldn't be surprised if the BOD are creditors some how.
Along with the billionaire large shareholder.
Views?
We should be able to sus out the companies involved by trawling through Companies house receords.
To be fair I received the following response....
‘ G3 Exploration Limited (In Official Liquidation) (the “Company”)
As you are aware, the Company is in Official Liquidation and is a holding company with several subsidiary entities beneath it, some of which ultimately hold assets. The recovery of any proceeds to the Company that would enable the liquidators to pay stakeholders in the required order of priority, as established by Cayman Islands law, is entirely dependent upon the level of realisations achieved at subsidiary entities. Those subsidiary entities are not under our control, but under the control of secured creditors who exercised their rights to appoint a Receiver and it remains highly uncertain as to what level, or when, proceeds will ultimately reach the Company.
We will let you know as and when there are any material developments.
Thank you for your understanding.
So anyone know who the receivers are as it seems they would have latest info on how the realisation of assets is going?