George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
FCA is useless
Unfortunately I’d be very surprised if we get anything back but personally I’d give that up to see groves and co Locked up! How their allowed to continually get away with this is beyond me. I’m far from a legal expert but surly laws have been broken here!
Not sure what is happening here, does anybody think we'll get something back or is it a lost cause, my shares are still registered on my account
Guys we need to make a noise on twitter and the LSE BB of CGO not to invest as it’s a scam. Maybe when the market finds out the truth PIs will not invest in CGO and they will compensate PIs of SBLM / CGH
"What we can do is provide guidance regarding any relevant rules an authorised firm should be adhering to and the options you have available to try and resolve any issues."
Well isn't that what we are asking for? This was a company listed on a stock exchange. Sure, the company has now deregistered, but surely that doesn't mean one can list, obtain cash flow and once they've "kidnapped" your funds, deregister and do what they like with your money. The fact that our shares were obtained under a monitored safe haven surely means there still is a level of responsibility from FCA?
It's a company registered on a stock exchange they monitor. The least they could do is red flag directors CEO's etc as untrustworthy for future listings.
Link for LSE, mentioned in response:
https://register.fca.org.uk/s/firm?id=001b000000MfK69AAF
FCA response received today:
Dear ***** *****
Thanks for contacting the Financial Conduct Authority (FCA).
I understand from your query that SBLM delisted from AIM in 2016 and became CGH. You have been trying to get in contact with them but have but have had no response. I can appreciate this must be frustrating for you and I do have some information below which you may find useful.
Our role
I thought it would be helpful for me to explain our role. We’re tasked with regulating the UK’s financial markets as a whole and this means we’re unable to investigate or intervene on individual cases, as we don’t have dispute resolution powers for individual complaints. These powers are held by the Financial Ombudsman Service. What we can do is provide guidance regarding any relevant rules an authorised firm should be adhering to and the options you have available to try and resolve any issues.
Your next steps
As London Stock Exchange regulate the AIM market I I would suggest you contact them to see if they are able to provide you with any further information and guidance on this matter. You can find their contact details here.
In addition to this contacting the Virgin Islands Regulator may be of use to you as they may have some further information regarding this matter.
How was your experience with us
Lastly, to help us improve our service, I'm interested in finding out about your experience with the Supervision Hub today. I'll send you a link to a survey and I'd appreciate it if you could take a few moments to share your feedback on the service you've received from me.
I hope this information has been helpful.
Yours sincerely,
Paige Etzioni (Miss)
Supervisor | Supervision Hub
Financial Conduct Authority | www.fca.org.uk
rg33 , looks that way
Afraid not MB,
Auto response received 17/08/20:
Case Ref :***********
Dear ***** *****
Thank you for your query.
We will respond to you within 2 working days.
So I sent another message on 21/08/20:
Hi,
Your automated response to my query stated I would receive a reply “within two days” unfortunately I have not received anything from you..
Regards.
The FCA must have the same attitude as our rubbish BoD.
RG33 any reply yet?
Maybe a bit naive of me, but Hey ho, sent this to FCA this afternoon:
SBLM delisted from the AIM on 17/10/16 and became CGH.
Since delisting there has been no communications with its shareholders, despite selling off company assets, eg coal mining in Zimbabwe to Contango Holdings (CGO)
The SBLM website originally showed contact details for investors to use but never responded. They then changed the site to reflect the new company name, but it contains no contact details whatsoever. I have through various channels, managed to send emails, but have had no response.
I know CGH are registered in the Virgin Islands or somewhere similar, and probably outside the jurisdiction of the FCA, but are you able to supply anything that would assist the shareholders to make them respect us.
Regards.