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Just got �238.30 back from my 7k investment here. Just thought id post so people who were invested here know what to expect to get back
Still not receive any remaining money from the sell of Company. Anyone know what is going on with our shares?
Have Clean Air sold to soon? I believed that this company had developed patents to reduce vehicle omissions ?
Does anybody know is us poor shareholders are likely to get anything back now that is co has been liquidated? Surelly there must be a record of assets vs liabilities!
so what is going on? still no remaining fund received from my shares.....
http://www.ngvglobal.com/blog/u-s-doe-funds-to-accelerate-alt-fuel-use-in-heavy-duty-vehicles-0911
Notice given to shareholders that liquidation transaction should take place in Bermuda today 17th Sept on terms already announced
Could anyone tell me what's going on here ?
Clean Air Power Limited ("Clean Air Power" or the "Company") Cancellation of AIM securities Clean Air Power (AIM: CAP), announces that, further to the announcement made on 03 September 2015, Michael Morrison and Charles Thresh were appointed joint provisional liquidators ("JPLs") to the Company on 2 September 2015, by the Supreme Court of Bermuda. The proposed sale of the Company's subsidiaries to Hardstaff Dual Fuel Technologies Limited, a subsidiary of Vayon Holdings Limited, referenced in the previous announcement, has now been approved by the JPLs and their action in approving the sale has been sanctioned by an Order of the Supreme Court of Bermuda. Panmure Gordon has given notice of its resignation as Nominated Adviser and Broker with immediate effect and in accordance with Rule 1 of the AIM Rules and the Company expects that admission of its AIM securities will be cancelled in one month. Peat & Co. has also given notice of its resignation as joint broker with immediate effect.
how do we get the remaining money back?
the writing was on the wall long ago, i got out at 3p and count myself lucky, they took an engine all the way to the states to get tested and guess what the boffins could not get it running and had no back up, the Americans must have thought what a monkeys tea party, how were this company going to get taken seriously in the business world, Answer they were not.
Does any body know when will we receive the remaining money for the shares? and how? will the money transfer to my share trading account automatically?
At least they went in to administration first. http://commercialmotor.com/latest-news/hardstaff-haulage-and-charnwood-truck-services-in-administration
Can not believe this company was sold for a song and so quick. Share holders not given chance to raise cash to see company survive. This company should be investigated.
Will investors get anything back...?
" 2nd September for the appointment of joint provisional liquidators ("JPLs") to the Company." Please can somebody explain how can a company be sold in such a short time after liquidators are installed?
http://vayongroup.com/vayon-group-acquires-hardstaff-dual-fuel-technology/
Was to be expected - consideration of £250k plus net cash. Gives tiny tiny bit of hope that may get few pennies in the pound back based on £1.6m MC prior to suspension.... then takes it all away with the line about "US lease renegotiation and transaction fees such that return to shareholders is expected to be minimal"... I have 90k free shares so can sort of write this off with no major hard feelings as such but, with that old devil called hindsight, should have just sold out when it was clear the writing was on the wall. Ah well, hope no-one has got too burned... or sucked in to a supposed recovery story based on the fanciful bullshine of some of the more myopic and ****tish individuals who were posting on this board. Might as well put my opinion as a Strong Sell now.......
As we have three directors on the board at the minute I thought it might be worth looking at their credentials. Here's an interview from Rodney Westhead when he was involved with Ricardo. http://www.financialdirector.co.uk/financial-director/feature/1742593/the-financial-director-interview-shifting-gear-beancounter-rev-counter He's got two other directorships at the moment, one in Transense Technologies Plc, the other Acta S.P.A. UK. He recently left Bilton Shop Limited and Bilton Grange Trust Limited.
The Directors are heavily loaded with shares at 4.6p. That will swing a reasonable deal.
Yeah a temporary suspension was mentioned and there was that big spike mid day when it seemed to be going down so maybe there is some good news being worked on....I live in hope of a silver lining
Wasn't it only temporary suspended trading because of deal almost done?
Never nice to see a share delist but rns did warn us. Was like htig . Worth nothing now. I still have shares from ERX that delisted in 2008. Not nice.