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The fact is that the shareholders have been conned left-right and centre. Ben Turney is the worst of the lot because he came to line his pockets by pretending to be part of the shareholders interest group. Putting Eridge (NEW) shareholders money into NTOG and BST is a method of laundering money through their mates/groups .
Looks like ben turney bought another dead horse in ntog, bought at 2.5 now under 2. He is a waste of space, buying shares from his croney's was never going to work. he might as well bin the company and put us out of our misery. Big sofa what another dog he left our money in. what a shambles.
I certainly don't blame them, not now I've read the last two updates anyway.
GB- the update is a rehash of the update done 12 months or so ago, basically saying the bod are ok to pay themselves and they can gamble shareholders money as they like, but they ain't going to return to shareholders anything because that would be risking themselves to personal liability. One has to question for whom's benefit the company exists, yes a rhetorical question the answer of course is messrs BT and his sidekick SL. From your post from Friday it appears the laundry machine is working at some speed. It looks like most shareholders have given up and who can blame them.
So he didn't update shareholders despite pushing out an email update, so I'm told, on 3 April, which is the same day as the relevant filing at Companies House.
Apparently BT has just bought out an Eridge Capital Limited subsidiary! Eridge Capital (UK) Ltd was set up a year ago by Eridge Capital Ltd to carry out investigations to support litigation activities. Then in December of last year ECL (UK) took over a company running a share commentary website from someone who had been appointed as a director of both Eridge Capital companies less than two months earlier. The website pushes NTOG (but not BST for some reason). It's now official that earlier this week BT bought the website owning company, Dynamic Investor Relations Ltd, from Eridge Capital (UK). That's according to Companies House but did Isas and Shardster know about this already from the recent update?
More dilution over at NTOG.....you couldn't make it up
"I think #AIM needs another burst of focused and effective shareholder activism; There have been some shocking events recently involving a number of companies, with shareholders being robbed blind" He would know! PMSL
I am afraid the guy has no shame, he keeps on repeating the same thing over and over again, without completing any action or reporting any progress. How come you are able to run a company (pay wages, make investments etc.) but not return money to shareholders (their money) in form of dividends? so you can invest into high risk venture like NTOG and BST but not return capital to their rightful owners- if you are scared then you should resign. BT had given a undertaking he would consult shareholders on the future strategy, like other undertakings that still remains unfulfilled, but he is quite happy to throw/gamble our money in his mates ventures without asking our consent.
Looks like its a lot of padding to say this is heading downhill and quite soon
I bet he's regretting letting Nick Lee convert £100k into BST shares and not just because of the abysmal SP performance and the rubbishing of founding management by its promoters. He could have used that money to go over 5% at NTOG and gain the extra shareholder rights. Oh and has anyone else noticed that NTOG has the same registered office address as BST and that Lofgran was a director of Paternoster when they bought their 8% in 2015? I don't think cynicism is a all out of place here.
a lot of disgruntled investors on the NTOG board about the way their share has performed over a long period of time......lies and false dreams (sound familiar?) this could be the end of our shares as well.
BT maybe taking a leaf out of Nick Lee's model, think he may well next take a seat on NTOG's board using Eridge shareholders funds to furnish his life style. It is time shareholders funds were substantially returned to them save for those required to pursue any pending litigation. There have been 2 Bod members who cannot carry out the basic of admin duties such as produce accounts and financial statements on time, only if they had any moral compass they should not be drawing any pay.
we have just bought a large chunk of NTOG shares......can't be any worse than Big Sofa surely
Thanks for the info. Interesting that Barclays could produce a certificate.
Quote from my broker:
Each fund is different as to whether you can transfer out a delisted stock into own name. African Battery Metals you could but with Eridge Capital we have been informed that it is not possible. This is not a decision that is made by us.
As per my previous email, Eridge Capital needs to remain on the account until HMRC advise they are null & void.
I also have some Regent Pacific listed on the HK exchange (formerly PLE.AIM) shares in the ISA which is also causing the broker some teeth sucking when asked to liquidate these. Other brokers sent out share certificates automatically when they changed to the Hong Kong exchange, but not mine!
I've just asked the question to see if they can transfer direct to another ISA which will not cause me on-going charges as it's connected to my SIPP. I'll see what they come back with.
All in all I get the feeling that they want to hang on so they can gather in the increased fees that they are hoping to charge me in perpetuity from the 1st March!
I use Barclays Stockbrokers, they let me close down my wife's ISA and issued a certificate in her name for her NEW shares.
If your broker won't let you close down your ISA because you only have NEW shares in it I would buy some other shares and then ask them for a certificate for your NEW shares. Once you get it I would then sell the other shares and tell them to close your account.
Failing that I would transfer your holding to another broker.
I'm trying to close an ISA but the broker who holds the share certificate has said it can't be sold (natch) and they can't issue the certificate in my name.
Because I can't empty the ISA they can't shut the account until the company relists, or HMRC declares it as a negligible value share.
Boxed in, anyone got a way around this?
Since we both know exactly who each of us is you are not saying anything that you didn't say during the Reynolds and Lee regime. Your blatantly selfish and, worse for the rest of us, short sighted analysis hasn't changed.
Two external things have changed, though you may not have noticed them or understood their significance . Ben has since spoken out against the Reynolds regime, although he can't yet see/admit that Lee let him down further and for longer. He has also finally recognised that Cornhill, two years ago, pleaded guilty in a quasi legal tribunal to shafting this company and that there is there is cash to be recovered from them even with their new leadership. I'm pleased he is now pointed in the direction that I have steadfastly advocated since it became apparent that this suspect company had become effectively part of an extremely dubious and much wider enterprise in 2013. The written off Eur1m to Dr Alfahaid, the $4.8m from Niel Petroleum and the still unexplained legacy issue that caused Beaumont Cornish to force the de-listing testify to that. If only you had listened at the time I could now have retired to the golf course.
So, if not going after the advisers and directors for recompense of fees, then what are the most recent pairing trying to do? You and some of the rump must have information that is not made available to the vast majority of the holders of the 4.7bn shares in this company. Ah, yes! Re-reading your post I see that you do.
That was also aimed at GheeBhee and not isas - huge apologies Isas.
Not much to expand on apart from i fully support ben and stuart and what they are trying to do. What i dont understand is people still coming on here bashing the conpany. They need to get over it.... move on and find something else to moan about.
W1LLM- appreciate if you could expand a little on your comments. Holding 2m from way back and would welcome any return at this stage.
Your views etc most welcome.
Thanks in advance
Isas.... not sure you know whats going on and fully qualified to judge. I suspect i know who you are. Please can i ask you from someone who has a heck of a lot more money and shares in here to stop wasting your time the bod time and leave us alone now. You are like a stalker and it embarrassing please move on and leave us be. The directors have been voted on for a reason. I have complete confidence in them and so do alot of other high share holders. Please can you take up golf or something and move on with your life.
The bod are definitely earning their fees- whole year plus to browse six lines of accounts and decision to throw £100k at bst at a 40% premium which is approx 90% down. Nice job Ben and the side kick Stuart.We the shareholders are grateful to you for your magnificent performance- not.
For the second year running no AGM held, no accounts for 2017 published and still no explanation of the legacy issue that led to de-listing.. Big Sofa hasn't recovered despite TW continuing to pump it and Teathers doesn't seem to be generating deals anymore. Still, the current Board is only doing what its predecessors did so no one can say they are surprised. HNY to one and all.
Thanks everyone who replyed to my question on news