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I use swissquote
What trading provider do you use? On IG they haven't yet booked the shares at zero - wondering who your providers prime broker is?
Just got the 'Worthless liquidation" message on my trading account and AAOG completely removed. I lost lots of money, still cant believe how stupid they were afterwards not to utilize tax losses for some other company to get listed. What a silly investment for Mr. Forrest and co who lost themselves 500k.
Live and learn..
According to the Gov website the company is dissolved. Is there any chance we can get back some money through a discretionary grant?
I wonder if it would be worth approaching ShareSoc with this malfeasance?
Additionally, what about reporting to the police as Forrest is obviously an agent of Russia?
Yes our shares are now worthless.
There’s advantages for the company Directors past and present in that their actions will not be investigated , who would bother and why. There are few consequences for them , most of them resigned before the company was dissolved so are in the clear , and any others , the worst that can happen to them is they will not be allowed to operate a company with the same name or start the same business for about five years ( I cannot remember what the law is exactly)
Anyway our money is gone, and someone else is enjoying it !!!
Good luck everyone, and try to forget about the scumbags that run this company!!!
Just checking in after some time guys. Is that the end for our AAOG shares?
Just like that - the useless scumbag directors don't file?
Can this not be reported for fraud?
Can Share Soc investigate?
Thank you for sharing this update, Mouse. It's really unfortunate to hear about the dissolution of the company due to the oversight regarding the annual returns. I understand that this marks a significant turning point, but I'm curious to know if this is absolutely the final end of the company. Is there any possibility of a revival or restructuring in the future, or is this the definitive conclusion?
Any further insights would be greatly appreciated.
Final Gazette dissolved via compulsory strike-off
This document is being processed and will be available in 10 days.
We are now dissolved all because our financial director did not publish the annual returns.
Any directors of the company face a ban as a director of any company for a period of 3 to 12 years and a heavy fine.
I expected this board to be removed any time soon .
Good luck, stay safe .
Mouse.
Not sure why they still keep this company going as they havent found any opportunity there to use tax losses. Whats the point?
What the name of the Company your invested in ??
There might be some used mining equipment at the site in Tilapia.
Not sure if there is still anyone out there but trying to establish if AAOG still have any assets or licences etc.?
Paul Forrest invested in a company I'm invested in and just looking at reasons he might have done it as the company is not in the mining, oil, gas sector.
Just wondering if there might be a RTO but that would mean that AAOG need to have something and as far as I can see there is none....
She seems to be doing allright verat HE1
https://www.helium-one.com/about/board-and-management/
Notified 20 June 2023
"ANGLO AFRICAN OIL & GAS PLC - Important Information
Removal of Stock
Following the Cancellation of Listing in 2021, we have received notification that the Anglo African Oil and Gas Plc (Anglo) shares are no longer eligible to be held within the UK Settlement System".
@Irish. I wote this off as a lost cause and not kept upto date with it tbh, but what is this meaning in terms of reclaiming any value in shares held?
Did a court case happen at any time as it seemed this was a big scam?
Our beloved CEO went on to form a FactChecking company which is a bloody good reason to distrust fact checkers imo.
If I understand this correctly, it seems that someone does not agree that AAOG should be dissolved... now, it would be interesting to know who this person is, what arguments he has against dissolution and what his motives are.
From companies house, latest update.
STRIKING OFF ACTION SUSPENDED 04140379 ANGLO AFRICAN OIL & GAS PLC
Action under Section 1000 of the Companies Act
2006 has been temporarily suspended as an objection to the striking off has been received by the Registrar.
Irishmouse: yes. When Companies House says “in ten days”, it often means they’ll be available imminently, so it's worth watching their site.
Compulsory strike-off action has been suspended
This document is being processed and will be available in 10 days.
County court judgment registered for just over £5k, this must be the end and no hope of recovering anything
Irishmouse: when he got involved with AAOG, Mr. Forrest’s SEL owned 49% of the Saltfleetby gas field. A few months after his appointment as a Director here, he negotiated terms for the sale of SEL to Angus on very generous terms. He’s been busily selling the hundreds of millions of shares he acquired ever since. Whether he’ll retain his Angus Non-Executive Directorship once he’s sold them all is a moot point. If he plans fully to exit Angus, it’s hard to see what AAOG has to offer him. He’ll be a rich man, either way. I’d be surprised if he allows this
AAOG to be struck off while he’s a Director, though, with the reputational damage that would follow and in view of the small outlay that would be involved. I’m not sure how the host of small investors here will benefit, either way. AAOG’s only attraction, as far as I can see, are the tax losses but where are the companies with sufficient qualifying profits against which these losses could be offset? I’m no accountant though, I don’t follow all of the oil and gas companies and anything can happen in AIM companies.
Apologies for earlier fat finger.
Irishmouse: when he got involved with AAOG, his SEL owned 49% of Saltfleetby gas field. A few months after his appointment as a Director here, he negotiated terms for the sale of SEL to Angus on very generous terms. He’s been busily selling the hundreds of millions of shares he acquired ever since. Whether he’ll retain his Non-Executive Directorship once he’s sold thevall is a moot point. If he plans to exit Angus, it’s hard to see what AAOG h
Lou’s? Should read plus…. Small phone keypad and fat fingers.
Good post Oofy and a Lou’s one from me.
The accounts only need to account for the £200,000 that Sara Cope managed to take from Zennith and that’s all as we are not trading. I assume Paul Forrest could do the accounts during lunch break so why the reluctance to publish then and keep us alive to fight another day ?