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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?