Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Waterford Finance and Investment Ltd. are on Companies House (Reg. 03100777). According to the CH records Mr. Alexei Kroujkov, a resident of Cyprus appears to be the only active director, Mr. Michael Kroupeev having resigned in Oct 2005.
I strongly suggest GPX shareholderds to take a look at the CH website and look up the history of active and resigned directors of Waterford. There are a lot of Guernsey trusts and Ltd.s which have been dissolved over the years. I'm tempted to take the money as this take over feels like a pathway to break up and sell off of assets rather than take over to keep Gulfsands as a going concern (My opinion only). I feel that we shareholders are just a written off liability which is necessary in order to facilitate the dissolution. I had hoped that the GPX BOD would refloat into AIM and that we would have been rewarded for our patience. I only had about £1000 invested and I feel bad for those who had significantly more in GPX. Comments/opinions welcomed.
Available through www.gulfsands.
March 18 2021. "Michael Kroupeev, a non-executive Director and the Chairman of the company (I assume GPX), through his family trust, wholly owns Waterford. Michael Kroupeev is not considered to be an independent director of Gulfsands by virtue of his interests in Waterford. Mr. Kroupeev will not play a role in the Company’s evaluation of the terms of the Mandatory Offer."
So Kroupeev buys GPX for a song and shareholders get peanuts. Nice work if you can get it...
Hello fellow GPX shareholders. I've got 2050 shares which I have held onto since they delisted from AIM. I am being offered 4.035p per share which would give me £82.71. Waterford Finance & Investment Limited seem to be taking over GPX and the letter I have received appears to be advertised as a 'potential opportunity for Shareholders to exit GPX following its delisting from AIM in 2018.' I would prefer to hold onto my shares if possible and wait to see what happens. The letter is a bit sketchy in terms of Waterford's intentions. They could be buying GPX to sell of its assets. Similar to LEGGGSY's post, what happens if we decline the offer? Do we forfeit even the meagre offer? I will try to find out but would also appreciate comments from other shareholders.
Yes the offer is 4p per share.... not great.
What happens if we (shareholders) decline to accept the offer?
Is this likely to be taken over with a very lowball bid ? Do we have any real fire power to resist ?
Any one got any thoughts ?
Not great
So a compulsory takeover at just over 4p - everyone gets to keep their jobs, but loyal shareholders, who put up more money in 2019, miss out out on this massive opportunity. Will the Directors push for a fairer price? We shall see.
Good afternoon all,
Just as a reminder that Gulfsands Petroleum shares can be traded on Asset Match.
The company holds quarterly auctions in the shares with the next scheduled to close on the 3rd July @ 4:00pm (BST).
The current indicative price is 5p.
70+ brokers are signed up and able to deal on Asset Match, so if you hold shares via a broker the chances are that they can submit an order for you. For shareholders who hold certificates, we also provide a certificated selling service.
If you need any further info or have any questions then please do not hesitate to contact us.
Kind regards,
Ben Weaver
020 7248 2788
gulfsands@assetmatch.com
www.assetmatch.com