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Yes spikey reading your post sums it up pretty good
money that was still in the bank would 'belong' to a range
of different people, not just shareholders. most obviously,
company assets including cash in bank would belong firstly
to anyone who was a secured creditor of the company, only
secondly to unsecured creditors (including HMRC), thirdly
to the holders of any preferred stock or similar instruments,
then only after that fourthly to holders of ordinary shares.
i don't know what's happened here, & good luck to pis
that you might get something back. but amongst all
the other stuff being argued about, one would not
expect that a company would tell the market about
a placing that it had actively underway, as such an
announcement would kill off the attempted placing?
Putney
I know we don’t see eye to eye.
But a question for you.
When the date of the announcement. The money still left in the bank would that not be returned to the shareholders ?
As I suppose it is theirs.
Surely there must have been money in the bank as they said they had money until the end of the year
Good luck with your endeavours
Hi Putney , Keep up the good work seems like you have a very good idea of what your doing,
I hope we have some success i probably like a lot of other investors am a pensioner who has
lost all his life savings on this. Do you have other contact details in case this chat is taken
down .regards Keith
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.
Questions..
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
https://tbivision.com/2019/12/11/sony-strikes-195m-deal-for-the-octonauts-producer-silvergate-media/
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!