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your local McColls has some pork pies that are about to go out of date
you can take them off the counter for free
would you
A. take one for free
B. take one but offer them 10p anyway as they were once worth more
I bet you choose option A - so will Morrisons
why pay out any money when you do not have too?
shareholders will get zilch, move along, nothing to see here anymore
you numpty..... as if i really believe it would happen!
Its called sarcastic humour.... something obviously you have no idea of!
on the face of it this appears to be an illicit use of shareholder funds when you look at the general demise over the course of the last year. this is no way to operate and shouldn't be happening in my opinion. if some value is ultimately given back to shareholders then that would mitigate the situation.
Sorry about the confusion current share price is 0.1pence or £0.001
Sorry about the confusion current share price is 0.1pence
The current share price is £0.001 pence that was announced at the share suspension. So either the shares are resumed or its liquidation.
What utter bull, A big business offering a good will gesture....guys please stop the nonsense - we get nothing. big fat 0. Time to move on and get back on the horse.
to the same value as our holding's.....pound for pound... now who was it that had 100k's worth??
May need a bigger trolley!!
They could make some sort of good will gesture to at least acknowledge that only shareholder's seem to have lost out.
Sale has officially gone through as of yesterday afternoon.
Mine are still 0 :(
Interestingly...my shares are now showing as having value in my II account.
They were showing as 0 earlier today
This was my response to PwC's email Rodgetrades
Thanks for the response.
Like most PI's I am trusting that the takeover offer McColls secured was honorable.
I will look forward to hearing from you again in due course.
Exactly Rodgetrades
What is 10 million to a US corporation that size, it equates to 4p per share, loose change to them that's what it is!
Negative market noise and boycott from a lot of PI's = commercial suicide !
It's not rocket science is it not really, pay something, a gesture, even the minimum and maintain some kind of credibility.
Yes me too Rodgetrades
Anything else is a bonus!
I claw it back one way or another, this has been an invaluable learning process for me, win - lose or draw level tbh.
One thing is for sure I will NEVER EVER invest in any UK company that has ANY affiliation with any corporate company tie in the US.
Yes every AIM investment comes with risk we all know this BUT this one was off the chart!
Hope you get something back!
So there is a glimmer of hope that we will get something ?
Here you go Rodgetrades
McColl's Retail Group PLC - in Administration ("the Company")
Thank you for your query titled "Status of my ******* currently suspended shares ?". This has been allocated a reference number of *********
We will be issuing the Joint Administrator's Proposals in the coming weeks which will contain details regarding any potential return to Shareholders.
Thank you for your query,
Information regarding any potential returns to Shareholders will be detailed in the Administrator's Proposals which will be issued within the coming weeks. There is nothing to say shareholders will receive nothing as of yet and this will be detailed in the proposal.
End.
I put this to them on email :-
Good Afternoon,
Due to the recent Pre-Pack administration takeover by 'Morrisons / CD&R could somebody please advise as to whether my shares in McColls have any returnable value?
Thanks in advance.
Yours Faithfully
Rodgetrades - I think the only communication that we will receive will be from PwC now.
If anybody wants to know more about their share holding I have been advised of the following address by someone just now at PwC
UK_McColls_generalenquiries@PwC.com
It's just technical analysis, on T212 it doesn't even show as suspended for me, he's probably looked at an online broker and saw it 'live' still
Private equity companies are ruthless, especially the American ones. Profit is their only motive and they will asset Strip any company.
Hope that everyone gets their money one way or another. GLA
1. Scammers:
Set up organisation to fool people, con people and make off with their money, ordinary good people fall victim to this and loose their hard earned money. Although there is possibility some reclaim, safety net for some victims. This is illegal.
2.
In this situation with no consultation with shareholders, Ordinary good people have been fooled,and have been alleviated of and lost their hard earned money. With no safety net.This is legal.
End result is the same, one is legal the other a criminal offence.
But the ethics have many similarities.
I hope these very clever people enjoy the shareholders money and feel proud.
Why on earth has Zak Mir covered MCLS in today's BBH on Vox? Does he not know it's suspended...?
Ladies and gentlemen,
First 'Morrisons' go private then 'McColls' get bought up / absorbed on the cheap !
Here are the crooks :-
https://www.cdr-inc.com/professionals
https://www.mccollsplc.co.uk/about-us/board-of-directors/
https://www.morrisons-corporate.com/about-us/board-members-biographies/
We never had a chance !
Best wishes to you all.