Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Nick Lee has left the company and apparently joining Smartech . If this happens, it will look VERY ugly. I wonder if he picked up a wage with us while the deal fell through?
Thats a betrayal and very poor
When can we expect an update here?
I wouldn’t hold your breath. Would be very surprised to see this return in any meaningful sense. And certainly not anytime soon, when directors have other going concerns to worry about. Always the danger with Shells.
WTF is going on with this? It has been a long time now and starting to feel as though I've been robbed and should call the police!
From the advfn website....
I’m in touch with a group of shareholders who have a Telegram account and purportedly represent over 50% of our shareholder base. Their sentiment is to have a general meeting to approve a solvent liquidation of the company and the Smarttech shares + any residual cash to be distributed to the shareholders.
Apologies that this is dragging on but the delay is out of my hands as we’ve been finalising a large VAT reclaim that was finally submitted last month. I have not wanted to complicate this (with initiation of liquidation) as I am advised that we are eligible for the money and it is significant. We have had further questions from HMRC into the claim before it is paid and our accountants who have got a full reconciliation of each entry (and this has been where the time has gone) have already replied.
We have initiated the drafting of the circular and it will be published as soon as possible because we believe the consensus of shareholders is to pursue this route (liquidation and distribution).
Noted that the SM247 price has fortunately moved in our favour and I am hoping that further positive news flow will keep this strong with good liquidity. The rationale of Smarttech was to deliver growth and on that basis CCAP shareholders ending up as SM247 shareholders was always the intent (albeit the original terms for the RTO were on more beneficial terms but unfortunately that was taken out of our hands).
We hope to get the circular out before the end of this month/early next month.
Best Regards,
Greg Collier