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Really good work guys, thank you for your efforts. I hope they make an example of that weasel and show the UK markets are not there to be stolen from.
....at least not by other countries
Hello all.
I don’t post anything ,just read a lot however I wanted to say a huge thanks to those that are fighting to get some justice regarding this share. I have emailed Geoff Rowley today asking for an investigation and some answers .
I hope you are all staying safe and taking care .
Hi Forsure can you do a post on here if there are any more relevant meetings as i will make a point of going.
Just in case i don't hear about them elsewhere.
Hi, yes that is where it is currently at, i attended both meetings one with administrator and then one with the legal firm appointed
They are also doing a forensic search of the accounts leafding up to administration
I and many other investors believe the share should have been suspended around 3 months before Dec as the financial problems were being hidden a long time before the market update!!
I also believe money has been embezzled into an Indian company all along , they have set up many companies in India without telling shareholders!!!
As i said previously, ALL SHAREHOLDERS NEED TO CONTACT THE ADMINISTRATION TEAM
Thankfully the whole management team will be looking for jobs soon as Koovs will not survive the Corona outbreak in Indin, FLFL are on rocky ground and could also fold !! He who laughs last and all that!!
Thanks for the update. Can but hope.
Received this reply today, thought i would post it incase there is anything that others don't know.
Thank you for your email.
I can confirm that Geoff Rowley and Jason Baker were appointed as Joint Administrators of Koovs Plc on 10 December 2019.
I would advise that we have instructed solicitors for the purposes of investigating the events prior to the Administration and whether any claims exist against any parties for their conduct prior to the Administration. At this stage it is too early to advise as to whether there are causes of action and what any recoveries might me. Noting that you have invested your life savings, if you were in receipt of any financial advice it may be worth enquiring of the financial ombudsman as to whether you have ability to claim in relation to the advice you have received.
Additionally, as part of the Administrators' statutory duties, a directors' conduct report has been submitted and this report is with the Insolvency Service to consider whether any further action is required.
I would also advise that we are making enquiries with our solicitors into the failure for FLFL to deliver the final tranche of funding, and whether any claims exist against FLFL in this regard.
We will provide a further update to creditors and shareholders at the 6 month anniversary of the Administrators appointment.
Kind regards
Rebecca
For and on behalf of Koovs Plc
For Geoff Rowley
Joint Administrator
Any progress made ?
A group of shareholders had a two hour constructive meeting with a firm of City corporate lawyers this week that have been appointed by the administrators.
The truth will eventually come out. Lord Waheed Alli promised shareholder return & has now destroyed many lives.
Many shareholders have lost everything, their life savings, pensions, family's money. They are having to get second/ third jobs & some have even talked about suicide as Alli carries on with his £212 million fortune.
The report could take some time, but a detailed submission to the House of Lords Standards committee will follow from shareholders to Lucy Scott-Moncrieff the Commissioner. Is this how a Lord conducts himself? Submissions to other relevant & interested parties will follow.
Unlike him, we have Honour, Integrity & Honesty & will fight until there has been Justice.
If any shareholder can assist with the investigation, can they please contact Geoff Rowley at FRP with anything, their story, what they have lost etc at Geoff.Rowley@frpadvisory.com
I urge everyone who was invested here to contact various organisations such as FCA, FRP, SFO. You can’t rely on various individuals to do this it needs to be a mass number of shareholders, even if you can’t use a computer then write to these companies, there is no excuse not to get in touch with them. The more of us that do this the better chance we have of seeing justice be done. It will 100% come out what’s happened here.
Hi Putney are you getting anywhere with FCA etc?
Is there any updates of any description as to whether there been any illegal wrong doing
Pascha. I meant that you warned all many times about Koovs. You were bang on the money. Sorry for the confusion.
I notice a large amount of advertising on Facebook today
Interesting chat on Five Live Wake up to Money this morning approx 08:50 into program. Listen on BBC Sounds
https://www.bbc.co.uk/programmes/m000djhc#play
Chancer had me down as a de ramper on this share. Check my posts from May about Koovs. I warned all and sundry about this dodgy share. Pasha did the same. WSnt d3ramping chancer just saying it as it was
Fore sure. The FCA are useless, they won’t do a thing. I wrote on this BB last year it was a scam and that people should withdraw thier cash. It simply stunk to the rafters. I then got a ban from this site and the post removed as I was encouraging people to sell therefore contravening thier rules. Unfortunately Ali has got away with your cash. A modern day pirate. And there is nothing that Jambon, pascha or anyone else is going to be able to do about it. My sympathies to all who lost cash.
What is email for FRP or Geoff?
Hi, yes the fca have responded several times to state they were performing a review of the situation
Regarding FRP, the guy dealing with the administration is called Goeff Rowley
Shareholders here have been defrauded out of their shares, it's as simple as that
Waheed valued this company in 2018 at 15p per share i.e 60 million mcap with 6 million revenue and and a million odd in the bank
IN 2019 he then pays 3/4 of a penny per share when the company has double the revenue and more cash than the previous year
Th administrator has made a very big mistake by allowing this to happen
I ADVISE EVERY SHAREHOLDER TO CONTACT FRP
All sorted, found address.
Have you had any sort of response/ acknowledgement yet?
Hi Forsure, do you have email address or correspondence address for all 3? I can't seem to figure out whether i have the correct address or not..
in 1850 London stock market cheats were deported for life or hung if they robbed the Crown......L!L
Will not T Blair come to the rescue as he is best mates with Ali Baba and made him a Lord for services to T Blair. As he is worth millions it would be a great gesture on his part.
Done, thanks for posting the template, good luck with the fight, I only lost a few thousand but it’s a lot to me, I hope the scum is held accountable for his actions!
Alli and pursell won’t get away with it, if I were them I’d be very worried with who’s in the know of what’s gone on here, only a matter of time.
If it was a bank doing this they would have the book thrown at them.
Unfortunately it is an individual who happens to be a labour lord with friends in high places who can get away with it.