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Don't they publish updates here:
https://petropavlovskplc.com/administration-news/
?
Heard anything from Opus or elsewhere?
if there are limitations on request we should orchestrate accordingly. what are the questions we need to ask and then designate those limited question questions so we don#t ask twice
I was told in an unrelated PM from OPUS there would be no funds for shareholders. Unless some surprise happens it doesn't look good; I don't believe the events that led to the firesale are a pure Russia play and that people are complicit our side of the border...
If anyone is interested in trying to find out how many shareholders in UK and Russia were affected, I have found an email with the insolvency service. There are limits on requesting data, so I could do with someone else asking.
https://www.gov.uk/government/organisations/insolvency-service
FOI@insolvency.gov.uk
Has anyone attended recent court hearings? I note the website has been updated with a scheme of arrangement, seems that this is largely dealing with secured creditors. Has anyone had confirmation from Opus of a nil return to shareholders or otherwise.
Where did you get that info Lawrence about the steal???...At the end of the day the level of Sanction, 100% ban to sell gold/pay debt to Gazprom essentially disrupted their entire core operation. Many companies did not get this brutal approach, so it reverts back to someone being complicit our side of the border.
The term unilateral sanctions was used in one of my letters, to suggest a joined effort; however according to the UN, they leave it to individual member states to determine the specific Sanction!
Also, as I found out by ombudsman being unable to get involved, no accountability for FO, all internal controls.
Leaves unanswered questions...
Still writing my liable letter...
Thanks for that update Lawrence; disheartening as it is not really a surprise.
I was given this info today as to the real people behind the steal.
"Putin and Igor Sechin are as one on this. Russian gold for Russian people."
Well that may be true but there is no Russian Gold for Russian Pog shareholders. Its clever really Sechin was and still is de-facto Putin's right hand man. Sechin had his assets frozen in the US in 2014 and then he assets in the UK frozen earlier this year. I still feel strukov and other planned to take over POG when the SP was low enough but the invasion which I'm sure all of Putin top inner circle were warned of That included Akimov, who held Pogs debt and purchased pogs gold. . They were able to take back UK assets but only because they were in administration and Akimov (putins pal) who I have no doubt could have found away around the sanctions , instead saw it as the perfect opportunity to steal the company for next to nothing instead of impounding it. (far less messy) and this was all made possible by our wonderful government. So where does that leave us now. As for seeing the share holders register which used to be held in Beckenham SE London, its now held in Leeds I did ask that traitor John Mann for access but he just spun some bull****e . I have kept all the email correspondence.. Basically he told me to contact Leeds and the people holding the register and they told me I needed to do it through POG. In 2020 when mysself and jsut one other person tried to rally the troops to stop stukov's take over covid was in full swing and the register people in Beckenham said the offices were closed until further notice. So Covid, sanctions one lot of sabotage after another in the effort to save the share holders. But as that thick shunt James Cleverely said "you knew the risks of investing in Russia". Well Mr not so ****ing clever cleverly, if you knew the Russians were so dodgy why didn't you ****ing protect POG instead of handing it to the |Russian crooks
Based on my recent response from administrator, its like any comeback is set up to be difficult, no funds for shareholders, holding the company/directors to account requires deep pockets. The FCA passed me the insolvency service number, has anyone spoken to them???
I would be interested to know how many UK shareholders were left when the ship went down; it would also be interesting to compare how many Russian Shareholders in same position.
Its like how Greta Thunberg is set up as the wise all knowing prophet when in fact she 's the trojan horse The greens and Ukraine) that has brought in these crippling energy prices.
Juts to be clear I'm suggesting that FTX was a set up and the useful young idiots running it were patsy's . Its real aim was to shift funds from the tax payer and denigrate crypto as apparently the globalist want a digital currency where your money will nve5r really be yours and will be used as a tool to control you. As seen with the Canadian truckers last year. Sam Bankman Fried was really just a tool not a genius
Couldn't agree more and I feel your new line that possibly certain elements in our own elected government are possibly part of the steal is totally plausible in our turbulent and corrupt times. Can't see it being Cleverly as he is too thick, however I believe he is a willing stooge. If this all sounds daft just look at FTX. Now FTX if one has a non suspicious mind, was a fantastic crypto exchange run by an almost teenage genius who some very influential people lauded and FTX were the biggest donors outside of George Soros into the coffers of the Democratic Party. Yet another company led by a whiz kid Binance immediately found the truth that FTX was a sham. So the simple story is FTX and San Bankman Fried were not really genius's and they fooled the whole establishment and showed how untrustworthy crypt investing is. How were so many top people fooled by this kid and his motley teenage team what suckers.
Well lets turn the story on its head. The increasingly used term Globalist , hate crypto trading and wealth as it is out of their control and their desire is to control everything, Well now the charge as arisen that FTX was actually7 laundering vast sums from the US tax payer, to the Ukraine in aid and then back again to FTX and then back to the Democrats in the form of donations. It was perfect. Of course some aid eventually found its way to the defense of the ukraine but not without those involved taking their cut. So 2$2 billion lost but I can assure you not one of the elite lost a dollar in FTX , I would bee interested to know who the major losers were. But my point is governments are increasingly become access tools to vast amounts of tax payers money and in our case our savings as well
Lawrence13<< 'But its important to stress that if the UK government had exempted POG as a UK company with many personal UK investors from the Russian sanctions then POG would still be in existence today in my opinion'
I agree and refer you to Q3 trading statement of Poly with 7 gold mines in Russia - 'Polymetal also highlighted that it had experienced "significant disruption" in traditional supply chains and sales channels despite NOT being directly targeted by Western sanctions against Russia-linked companies back in March.'
Something about this situation doesn't sit right, particularly the speed of it all. I highlighted the FCA fines below for money laundering, I think someone is involved our side of the border. The level of Sanction imposed was brutal, it was either negligence not recognising it was a UK PLC, or there's something fishy going on.
As I have repeatedly said to my constituent mp, not one Tory Mp let alone the ever changing cabinet members; have lost a single penny over their Ill thought out sanctions. What happened to POG was caused by Russian crooks, Russian foreign policy . a weak crooked BoD and the UK governments responses to the invasion. All of these components played a major role. If the invasion hadn't taken place Strukov and his cohorts would have still today have been trying to lower the SP to stage a take over. However Putin's invasion threw a spanner in their works and due to Strukov's and Lioustiger's own BoD being either weak or very corrupt the UK governments response sanctions saw the heart and soul of POG being so restricted that it became up for grabs far cheaper than a takeover would have been and which would have given the company to Strukov. I can only assume if Strukov's $200m losses are real, then he must have fallen out with Akimov.
But its important to stress that if the UK government had exempted POG as a UK company with many personal UK investors from the Russian sanctions then POG would still be in existence today in my opinion. I would also say that if the coup hadn't taken place and Hambro and Pavel were still at the helm then I believe that despite our governments decision to destroy Petropavlovsk Plc that a BoD with a will to save a company and not a will to destroy would have found a way to refinance the debt and sell gold AND would have at least appealed for sanction relief unlike the BoD that was in situ . So one big almighty tangled mess of conspiracy, corruption, and ineptitude with the baddies stealing our investments enabled by our own government
Speaking of corruption...FCA Fines for 2021 totalled: £567,765,219.95
https://www.fca.org.uk/news/news-stories/2021-fines
The biggest fine was for Natwest PLC, you know the bank the government still own part of. Coincidence???
i was told strukov looked up to akimov and akimov looked up to putin. i think strukov might take action if putin dies or is dethroned
Depends how fierce he is; sounds like a sardine in swimming pool filled with Great Whites.
I agree red its all corrupt but Russia is worse. I would say. If Strukov was mugged off I can't see him letting it go
Excellent post Lawrence; thanks for the update.
Regarding Strukov's acquiescence, maybe he was made promises which were then later reneged on - and this being the land of gangster capitalism - he knew better than to make a fuss. Same might go for the other Russian investors like Prosperity.
That's all, however, conjecture on my part - apart from Russia being a criminals paradise. But then again so is the City and Whitehall - the British Empire was built on such ruthless mercenary rapaciousness.
The Carlton Huxley Route needs lots of takers and as Bill says their initial role is to find evidence of wrong doing but then if found what next? We really needed some of the institutional share holders to challenge what happened. Myself and another share holder had a 'team' chat with the MD of a prestige insolvency and restructuring organisation (they contacted me) and their view was that POG in their words had no "burning platform" i.e they were producing gold and the debt was surmountable. There is more to this than I'm prepared to say at the moment. But suffice to say it didn't proceed any further.So who are the biggest losers in POG. Well there's us the personal investor and then there's the institutional people, so who did lose out there.
Strukov who with GPB's Akimov were behind the incarceration of Pavel as stated Friday by Pavel's team , you have to ask why were they so desperate to silence Pavel I belive it was because the aim of Strukov and Akimov was the run production down lower the SP and then mount a takeover, Pavel would have prevented this or spoke out against it. The SP fell from 41p when the Strukov ,lioustiger and Akimov coup was mounted and fell to 14p just prior to the invasion of Ukraine so well in range of take over territory, However the invasion and UK sanctions changed everything and offered a better opportunity to get POG's operations for a steal-at the cost of the share holders. At first I couldn't get my head around whether Strukov the largest share holder was in on it or he too had lost his $200million stake. We know Prosperity were another big loser but I'm not sure the position with Lioustiger's Everest. I couldn't work out though why a man like strukov who deliberately set up Pavel's incarceration would then take his crippling losses so passively without an apparent murmur, I thought there must have been some deal made to calm him down but I have been told by an impeccable source that yes he did lose his $200m. So why is he so quiet?
Anyhow I still feel for us UK shareholders that our governments ill thought out actions instigated the administration route and was eagerly snapped up by behind the scenes akimov and the BoD, So I feel as I've always said there is value in the holding our government to account route and I fully back Petra, Email and finders keepers. We need to carry on the organisation as started with the telegram groups but it needs to be more open and devoid of arbitrary purges. It also needs people to collate and share the work load with designated chosen reps.
petra53<< I have all the information required, including where there are clear breaches of policy/law, problem is as an individual they are not listening; I am trying to avoid having to bring a civil action as it's unnecessary upfront costs and more time, for something which can essentially be addressed with the willingness to organise meetings and get people around a table.
If anyone can collate contacts, including who their MP is, I would be willing to finalise a letter.
A letter to the government signed by everyone on this site who had shares in POG, and other similar sites would have more strength and where possible the support of local MP's relating to these shareholders. But that is a huge task for someone to take on.
I would like to know how many people have contacted their MP???
In order to get a treasury select committee hearing, we need multiple complaints in some kind of co-signed letter and a forward from an MP/department.
https://committees.parliament.uk/committee/158/treasury-committee/
Yuri.F - You will have to take action...
I have pursued government, up to 3rd letter, took 4 months for reply, they failed to comment or reply to any of my legal or policy breaches, and instead blame individuals for investing in Russia or businesses related to Russia.
I am currently reviewing my options, if we could get a joint signed letter and MP's on board we could get a treasury select committee to review the whole thing. Including why the FCA don't regulate mining companies, and why there is no real accountability structure for the Sanctions, because they Sanction themselves with their own oversight body, which is essentially a conflict of interest.
Also why are they collecting stamp duty for over 20 years if its unregulated, if the government facilitates it they put their stamp on it, its a bit like selling dodgy goods off the back of a lorry...
Finderskeepers23 / Re: ... Daylight robbery ... Trail of deceit and lies, why is no one higher up taking this case to task? ...
Class action lawsuits (Group litigation) are gaining popularity across the world but in UK it's on "opt-in" basis,
generally if you're expecting someone else to do it for you - then it's not happening, you will have to take an action.
For instance with Volkswagen emissions scandal in US it was more or less automatic, here in UK - it's more about every interested/affected to submit/join claim (although looks like CMCs/Claim Management Companies have pocketed most of it anyways).