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Where's the £1.6M gone? Looks like the new owner and the auditors have done very well out of the sale.
https://find-and-update.company-information.service.gov.uk/company/09621265/filing-history
Who is the person(s) behind this Group - as interested to join, hopefully this Group will help shareholders that are currently in limbo, and not having full details of all the speculation around the company board members - current & previous.
I haven't. I'd be interested. Which fund?
Have you seen this report yet?
LH.Claim.Group@gmail.com
If investors want to join a group exploring whether a claim may be viable against directors of Love Hemp, please email LH.Claim.Group at gmail.com with PROOF OF HOLDING (e.g. screenshot of your account). Please mention you have come across this email address on LSE.
I am not in charge of this group and will not be able to answer any questions.
If so, what will it mean for shareholders?
https://businesscann.com/breaking-news-love-hemp-bought-out-of-administration/
I doubt it
RNS notifying withdrawal from Aquis
https://www.londonstockexchange.com/news-article/market-news/withdrawal-from-trading/15835448
What seriously hacks me off is the fact that Calamita seems to direct all responsibility for this disaster to the door of others, yet he has been CEO throughout! Does he still not realise that the buck stops with him!
well at least FCA involved now so they’ll uncover all and bring justice
An RNS is to be issued this afternoon, which should confirm the current position.
It’s not just poor corporate governance.
If we are to believe the Philip Small allegations it wi more a matter of fraud and criminal wrongdoings.
seems very unfair - as we can’t sell our shares
Shareholders will receive nothing at all.
I don’t think the Administrators will collect all that they are due, any funds they do realise will all be utilized to pay their fees.
I believe there will be updates placed on Companies House from the Administration and that’s when it will be confirmed how poorly Love Hemp was run by the BoD.
RKB
The shares are suspended - so I wonder how that effects things ? and whether it means shareholders get their balance back ?
Extremely poor Corporate Governance
Part 2
So Angelos Panayiotou, basically had control of all the assets but on 15th December 2022 this “Charge” was satisfied in full.
But on 24th January 2023 another “Charge” was taken out in favour of Portillion Consultancy Capital Ltd.
Portillion Consultancy Capital Ltd is controlled by Kamran Sattar.
I do not believe ordinary shareholders have any chance of recovering anything from the demise of Love Hemp.
Hopefully the Administrators will seek redress from certain parties that were not working on behalf of the Company and ultimately the Shareholders.
RKB
Extremely poor Corporate Governance
Part 1
I posted here on 28th December 2022 about some concerns about Corporate Governance.
It is never nice to see a Company go bust and the shareholders lose everything.
Hopefully the Administrators will look into what happened with the Charge (details on Companies House) on basically all of Love Hemps assets.
Charge code 0962 1265 001 created on30/06/22 in favour of Windfall Logistics (this is really Angelos Panayiotou)
This “Charge” on assets of Love Hemp was for:
All present and future estates or interests of the company in, or over, any freehold, leasehold or commonhold property.. The company’s present and future patents, utility models, rights to inventions, copyright and neighbouring and related rights, moral rights, trade marks and service marks, business names and domain names, rights in get-up and trade dress, goodwill and the right to sue for passing off or unfair competition, rights in designs, rights in computer software, database rights, rights to use, and protect the confidentiality of, confidential information (including know-how and trade secrets) and all other intellectual property rights, in each case whether registered or unregistered and including all applications and rights to apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world, including without limitation the following registered trade marks: (1) UK00916530991 (2) UK00003124273 (3) UK00003124273 (4) UK00003478495 (5) UK00003560923; and the following domain names: (1) lovehemp.com (2) love-hemp.com (3) lovehemp.co.UK (4) love-hemp.co.UK.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.
RKB
Sadly this is now confirmed by this statement on the Love Hemp website:
This text on lovehemp.com website
Paul Cooper and Jamie Taylor of Begbies Traynor were appointed Joint Administrators of Love Hemp Limited (“the Company”) on 9th February 2023. They are managing the affairs, business and property of the Company. The Company will continue to trade whilst the Joint Administrators carry out their statutory duties. All enquiries regarding the Administration process should be sent to lovehemp@btguk.com. The Joint Administrators act as agents of the Company and act without personal liability. Paul Cooper is licenced to act as an Insolvency Practitioner in the UK by the ICAEW and Jamie Taylor by the IPA.
not sure Monty ... be 100% sure
annoying having funds locked into this suspended sham company (showing no urgency to trade again) while the market rallies hard - could have put my money to much better use, hey ho, you live and learn
I sadly wrote off my (small by some standards) holding in this company a while back and see little to make me change my decision. I think the product is good and the market will grow but not sure that LH will be the ones to reap the benefits
private Ryan it’s Loves RNS from yesterday ???????
thanks for posting of these polaris alerts...very helpful.god knows where this will end up .