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should at least be investigated with his cronies and cohorts - this is the most blatant theft of pi money of all time imo
Joe, you are spot on- shareholders have had their money stolen off them- it's as simple as that.
A lot of momentum is now building & evidence is being gathered.
I have not been posting on here because I know that Koovs & Newgate Communications are very interested in my posts. A partner at Newgate Communications Adam Lloyd told me during our phone call in October that he knew what my Twitter handle was. It was the first thing he said to me.
The CEO of Newgate Communications Emma Kane has blocked me on twitter. I have this tweet from her.
Thanks xxxxxx, now that today's announcement has been issued I am happy to confirm that we have a detailed plan in place that includes initiatives such as the one you suggest (investor roadshows). I will endeavour to keep you posted. Best wishes Emma
This lot saved their best PR until the end when they made Waheed Alli look a saviour.
As many of you know, I turned up at Koovs head office in Holborn on 12th November.
The CFO Robert Pursell accused me of being paranoid when I confronted him with what was going on. He stated 'why would Waheed take Koovs private with £15 million losses per year, it wouldn't make sense'. He then shook my hand before I left, knowing full well what was happening here.
I am willing to testify with regards to this. They duped shareholders to the bitter end.
Whitman Howard initiated a placing on 4th December (We have proof), But Koovs pulled it early, so that Alli could buy the company at an undervalued price, acting as creditor & Chairman at the same time.
At no time was the market or shareholders informed of an ongoing sale of the company or a placing.
I can see criminal charges being brought against this character who hides behind his privilege with a loss of his Peerage a minimum.
There could definitely be a legal case to answer here and no reason why shareholders could not recover funds (how much is arguable) but it seems to be clear Koovs broke aim rules and lied to its shareholders.
Alli as chairman is reponsible for this and has the funds to settle the case so would be worth pursuing. ...This is the difference, and why the company and Alli could be held to account for these shenanigans especially as he was the chairman and then the purchaser!
Somebody posted on these boards a few weeks back this scenario and to his credit seems to be 100% on the money.
As a lord he also has a social responsibility and no doubt that status helped him get confidence from such shareholders. He should lose that title and shareholders should work together to achieve both this and a legal case for him to answer to.
It’s more lies him claiming he only acted after administration considering putneylad has already exposed the fact that the investment company used was actually set up 6 weeks prior. Also where’s the 2.2 million they told shareholders that was in the bank and would last until the end of the year. If he paid circa 3 million looks like he might have picked up a million back of that in cash and ply his purchasing a company with over 100 million invested for 1-2 million.
Funny also straight after administration number of social media posts increase! As Putneylad said cost cutting measures never seemed to happen, raising funds elsewhere did not seem to happen and tapping funds from shareholders also was not attempted.
This all seems to have been orchestrated and if that’s the case I’m sure several laws have been broken and this so called Waheed Alli should be held accountable!!
He really has screwed us over and yes he may be a Goliath but luckily in this country sometimes people and companies are held to account- sir Phillip green, all four big banks and many others.
Let’s work together to name, shame by contacting all investigative journalists, contacting all organisations in the uk which should be protecting shareholders and fraud like this and then legally challenging him for compensation. ...Yes not easy but there are examples of justice happening and he has failed in his cover ups and failed at his position in koovs and upholding shareholder value as he always promised.
Waheed we are coming for you......
potential for a legal claim against FLFL.
Lord Alli, 55, stepped in when the business failed to find alternative sources of funding, but only after it went into administration. He blames Future and is said to be willing to help fund a legal claim against it.
Lord Alli said: 'It is always tough building a business, particularly in a new and developing market. I deeply regret this outcome for equity investors as a result of FLFL defaulting on its commitments.'
Too busy and didn't lose all that to organise it. But perhaps Alli will help in this respect.
Don't expect to get more that you 3.5p market price back though IMO.
If Koovs had funds til Christmas, who gets the shareholders 12 million market cap.?
Do shareholders have to wait the 'Gov' quoted 8 weeks to hear where the 12 million market cap has gone?
Who are the administrators?
Bloodshot sadly all is lost , there is absolutely nothing that can be be done, all you can do is make some people aware of what has happened and try and muddy the name of ally, but he’s got thick skin and a lot of money so is it worth it.
On another note I can’t think of the reason just yet but taking the company private as an ongoing concern will still require the same amount of funding, so I can’t understand why he didn’t just give the company a loan as to keep it going will pay dividends as his shares will become more valuable.
And he must think that it is viable as why would he buy it ?
Yes the shareholders have been tanked
That was a £148,000,000.00 deal with Sony
Has to be worth all affected investors contactjng their local MP and making them aware of whats happening..as well as the House of Lords.
Would be good to get some updates here on any actions taken by other Koovs investors.
On the same day he sold us out...claiming that the reason was FLFL not stumping up the final 6.5 million..hes made tens of millions from another deal. A man whos already worth 200 million and hes paid 3 million for Koovs when the market value at suspension (3 pence) was 12 million..saving himself another 9 million!
This is a labour peer for gods sake. Totally lacking any moral fibre. In what way does he represent the working classes?
The Labour peer behind collapsed fashion firm Koovs made tens of millions of pounds by selling his other company on the same day that thousands of small Koovs shareholders were wiped out.
Thats really sickening!
Alli is getting even more money
Yes you would think that he would have to have some agreement with fellow shareholders but you know how his kind work. They are rich from having no conscience or morals and think they are untouchable.
Whatever he paid for it, he left his investors with nothing. A bloody labour lord worth £200,000,000 stole my money. Im just someone working class whos worked hard all his life and now surviving on a small pension after retiring early due to ill health. The money was from my savings. Why cant he pay me for my shares..its not like he cant afford it!
Did Lord thieving git’s company actually pay for Koovs, please don’t tell me £1, surly whatever he bought it for should have been agreed with the shareholders?
Lets try to keep the thread going. Any updates from anyone?
Oops! My mistake. The article still exists in its ofiginal form.
in the past, lse admin told me that they keep threads like this open
for at least one year after company goes kabung. after that, i think it
depends on whether the thread is still active or not. (bear in mind,
lse make their money from website traffic, so if thread stays busy,
they don't really need to care if company still in business or not.)
How long are we thinking before this chat thread ceases to exist? Does it stay live? Not experienced this scenario before...
Bloodshot the original article still exists wheres the conspiracy
She works for the Telegraph now. Not putting any blame on her personally, she was just doing her job i guess and i dont know all the circumstances. Maybe the article was changed by the London Evening Standard without her knowledge.
Wether we get a single penny back from Alli or not..the least we can get is the truth.
I left her some messages on her twitter account. Ill let you know if i get a reply but not expecting much.
Not sure we can expect any help from Laura Onita. The article she wrote has already been changed to hide the bits where Alli was saying how confident he was that Koovs were going to succeed and be in the black by 2022/3.
Its now been replaced to show him as bejng against anti semitism and a champion of gay rights.
Our hero..a man of the people.
The cover up begins!
Pre-pack is pretty standard, and if the alternative scenario presented is the company going into liquidation then this option is better for everyone with the exception of one group of people, which unfortunately happens to be the one that you are.