Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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https://www.lse.co.uk/news/MCLS/morrisons-to-shut-132-mccolls-stores-with-1300-jobs-at-risk-1uhb5o6anc96hfd.html
What a joke !!!
If the board had any brain cells between them and took the offer, before it went to admin we'd all have a few quid now. All for the empty promise of keeping all staff which they surely didn't anyway. This was played v.dirty.
Yep sorry meant removed completely.
And the same, want it off my share account.
It has already de-listed.
Gone, finished and never coming back!
Is there a delisting date?
Or is it simply once 6 months from suspension it delists.?
ok cheers.....saw it on sky news and thats all it said
With no benefit to the shareholders. MCLS went into administration prior to being rescued. Therefore nil value.
gets the green light
Was it 8 sep? I think so.
Thanks, any idea on timescales on an update either way?
When they are officially announced insolvent then your broker will remove them from your A/c.
When will there be an outcome here? We've all been conned and our shares are going to zero but they are still showing in my trading account, are they technically suspended? Anyone got any idea what will happen next
I think I've fully communicated everything I've wanted to say about the deal. It closes in 2 days now.
Since this shambles I've not stepped foot in either and never will again, some sort of peace atleast sits that they'll lose more than I did in the long run (not that it'll affect them at all). Morrisons is overpriced anyway.
The CMA said it "invites comments on the transaction from any interested party."
Come on.... all ex shareholders now is the time to tell someone what we think of the sorry affair!
The worst bit about it is Morrisons knew the whole time and also helped cause the supply issues with the Safeway brand. I honestly don't know how this is even fair or legal for that matter.
News article in the Telegraph.....Luke Johnson has won lawsuit against auditors of £200m...
"A criminal investigation into the business and accounting practices of individuals associated with parent company Patisserie Holdings is still being conducted by the Serious Fraud Office."
McColls board in my thinking are guilty of not presenting a fair picture to the shareholders of the "parlous financial position the business was in"!
Had the true picture been revealed, they would not have been successful in the £30M raise!
We can't let the McColls get away with using smoke & mirrors treacherous betrayal of the company's shareholders!
Anyone capable and prepared to lead the charge with a shareholder action group to explore our options?
and still give a monkeys.... on the Companies House Website dated June 9th you will find:
'Statement of administrator's proposal'
The thing that really miffs me is that its business as usual.... staff were told, creditors were written to, but the owners of the company were treated like bloody mushrooms and kept in the dark!
Anyway, it's interesting reading.... but nothing new. PWC came out ok!
Has this taken place yet. I have been scouring the web to see any publicity but there is nothing. Was there a media blackout and why?
On the 11th May he wrote "We will be doing a demonstration outside Bradford head office in coming weeks am taking all my families and friends down nearly 50 off us and make noise regarding this issue." Also asking others to join him and saying he was getting in touch with the press.
How did it go?
Look at $REV Revlon in the USA market, filed chap 11 and now negotiating buyout, shareholders are winning, went from $1 to $8 in a week. MCLS really fckd us shareholders, its daylight robbery.
i got a headache out of it....
as soon as company went into administration it was clear shareholders would get nothing.
It is very rare for shareholders to get anything
Guessing we’re getting nothing ? Any light at the end of the tunnel?
I've raised my concerns with FRC and CMA I suggest everyone else does the same. Something doesn't seem right about it at all PwC have been avoiding answers too. Can't believe the accounts are being held back still even now after talks ended sometime ago. Shareholders deserve at least the money used for the conversions everyone involved was quite aware of the situation during the time except shareholders as usual.
Please ignore the last post re PWC. That was an old post. Need to put on my glasses :-)