Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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What are the first steps to kick off the process to sue the company? Maybe setting up a forum to exchange ideas and test the water to see how many investors have been duped and are keen to move forward with taking action?
According to sources today their supply continues uninterrupted which is surprising !
Slean. Thank you for posting this. I feel cheated by cvr misleading rns and directors purchase to cover up their unlawful acts towards investors. I never been cheated like this ...we must all be part on this legal action to take them to task including bod and ceo ,brokers of the company and auditors. Please keep us updated
My stupidly large holding is via HL . Spoke to them last week ref action - they referred me to Capita as Registrars Who / where do we apply to join the queue to put forward a claim ?
https://www.retailgazette.co.uk/blog/2018/04/investors-preparing-sue-conviviality/
No mate because the shareholders are the last one to get save! The lenders, suppliers and the taxman gets are in front of the queue and they are owed more than �250m. Afterwards, whatever is left goes to the shareholders. Management did issue a statement saying the company's shares no value unless more money is found!
Sparky i hope they con'sider all of us when they talk about selling the company.no doubt pwc will advise to pay debts then come out smelling rosy and whooooo look pwc did good fc uk them they will drain every penny ernst and young are the best.but banks said no so they saw something we have not pis shafted again.we need to no the total debts ....do we still get a say if lets say corrs offer 300mn (lol yeah).do they still need it to go to a vote as technically we still own the company right .yeah ok i hear u say.we no debts ok pay them off give them a haircut and say you get 75% shareholders getting 25% eitherway they busted we need no the total debts its time cvr started telling the truth..
Feel really sorry for all the shareholders. You invest in a company in good faith and hope the bod will do a reasonable job. The aim market really lets its self down with these types of issues. We all know it is high risk but the£30m tax bill is amazing. Some hedge fund will probably pick the best bits out and grab a nice opportunity whilst the pi are left with nothing. Sure the accountants billable hours will extract any last value.
The Times: Endless, a private equity firm that specialises in turnarounds, is understood to have teamed up with Steve Thomson, former boss of Matthew Clark, the drinks wholesaler, to acquire the business from the ruins of Conviviality.
The banks will be in control of this to realize proportion of their debts. Shareholders won’t get more than a few pence per share in event of reconstruction and probably will get zero. It will be much easier for buyer to acquire selected businesses and assets and take on specified liabilities than buy entire business. They can the ditch unwanted leases, tax and employee liabilities.
Snige to be honest my wifes girlie mate is high up in cvr she as names who is intrested but its unfair to ask her.let the company tell us 1st....to be honest snige im clutching at straws to get something back.if only 50p a share.stonegate was mentioned they have a big presence but is distribution.CVR run right way theres a good company.and it opens a few doors.your correct why dive dive in at a £1 share offer when you offer 50p last minute...either way would they still need shareholder agreement to sell if under admin? or do they just sell the company at 184mn shares .like i said we need somebody with knowledge of this matters........how about this my freind does punt much but he never really noticed that investing on aim the letter C as done him loads of times connaught.crnd,ctag,clln and cvr he only realised when i said sod me they all start with c...cmon cvr board save us something.i bet if they sell i bet these retain there jobs in some format,not all the cvr bod are crooks....
This idiot was appointed chair of the Audit committee in Jan 2014 till present.You would think he had some idea what was going on? Steve is a fellow of the institute of chartered accountants which means "Fellowship is intended to designate those who have achieved a higher level of professional experience". Steve,time to rip up that certificate i would say,or you knew what was about to happen when you purchased 48,500 shares in Feb 2018. Robot,i would err on the side of caution,the FT suggested there could be a big brewer in the wings but their intention is to wait for last minute till the business is completely on its knees for best price.Well at least that would be a better outcome than Pwc carving it up. The only trouble is Pwc have got their slippery hands in there already and they wouldn't want to miss the opportunity of making a killing on selling the meat joints,would they.
Hasiba i think if Frank Field gets his way very influential man there is a inquiry in making......................know DYOR but i have spoke with my wifes girlie freinds,this lady is a regional area manager . Know dont take my for it as i dribble often , what she tells me is theres a lot of intrest to buyout CVR i mean a lot there are offers for whole company aswell as the vultures who want to cherry pick the cream.in the RNS were cvr mention that inbound offers....again whats the total debts 100 200 300mn .we need a person thats knowledgable on these matters.we know theres 184mn shares we dont no debts.its a sad fact those that paid +300p no chance 250p no chance 200p no chance 150p no chance 100p the original ipo price hmmmm. But i would take 50p a share if offerd .just say 184 x 50p 92mn ok they wanted 125mn to carry on 217mn bid is that realistic nope.but if they buy a cvr with 1.6bn revenues p/y then over 10 yrs with the right team that buy cvr as a whole could get it to 2 bn a yr and say 100mn profits just a thought and 50p a share all round.....i believe 110mn shares are held by funds and declared holders of 3% or more......whole affair stinks dunnit bar studs.
Most Aim companies are unworthy of investing as the Telegraph newspaper mentioned few days ago. They are basically unregulated and most are created to line the directors and dodgy CEOs pockets by investors naively believe in their cooked balance sheets by another dodgy brokers firm to deceit others.. CVR should be investigated for criminal acts and fraudulent methods...it is basically theiving the innocent investors to enrich themselves... Whatever is the end result of this unpleasant saga....cvr top managements and ceo must be investigated.
This morning, both say deliverys was good in week no missing items,1 has a huge supermarket size store.somethings weird here whats the real deal shops open fully stocked this is strange. i just cannot see whats the real deal.casbahs my nearest had 17 customers in store 11 had beer lagers for josh fight tonite as i was chatting to the guys and 5 had 9 botts wine.something or sombodys trying to steal our company big time.there is 184mn shares plus debts. if we knew what the total was,we could debate a buyout price.thing is at this stage if and a big if 50p a share was on table take it or leave would you take or lose everything.its a long wet holiday weekend lots on tv sport wise football boxing.even my local wetherspoons said no problem everything deluverd friday 80 kegs of lager and 40 kegs of beers all wine spirites and peanuts n crisps lol..so whats the real deal i wanna know.some crafty buggers ares going to steal our company and investment.sod we can do fca will not give two hoots either ie for the greater good...i think we got hope a full buyout and as the last rns states they are trying to protect value for all stakeholders we included ie but not high on pecking order...i think i would except 50p a share cant belueve it was 4 pounds and then in a matter of less than 1000 hours we on skid row something was going on to find these errors...im starting to think that moran and diana was in the no and bought shares to cover them selves.i researched them both its funny how they was owners of a lot of things cvr bought bagging them a lot of money some due diligence.you just dont forget 30mn tax bill and the 5mn error yeah wow a good rolex in harrods how can this crash a 1.6bn a year revs 50mn profs go bust.SOMETHINGS DEEPER HERE Q.IS WHAT.!!!!!!
The scale of the placing was - in my view - more than the Funds could get cash to support. Most funds don't have large amounts of cash waiting for investment opportunities. I don't know whether the funding was part bank/ part funds - but �125ml with a trail of uncertainties was a big ask. I am naturally disappointed that my investment may have no residual value and question how there can be ongoing business simply because I would not wish to supply with no guarantee of payment. We have to wait and see.
A lot actually you pratt
Pi's were utterly hammered here..without any knowledge of accounting lies...mind you who'd invest in a company with Bargain Booze in its portfolio...
Telegraph last Thursday had a nice detailed page on Aim and outlined only 50 out of 1000 companies on Aim are trustworthy and the rest are either fraudulent or creating wealth to the creators of these companies to line their pockets by investors naively thinking in these fraudulent people of directors and CEOs. Stay well clear of Aim companies My deepest sympathy goes to private investors who trusted these scumbags
Why are dumb directors paid more than average salary?
If the shareholders who own the company won't risk their money to support the company then why should the banks? A big red flag for the banks.
Looks like investors here have been well and truly suckered, owed 30K which now looks increasingly like a bad debt. The real funny bit was CVR planning to pay out �8.5M in divis whilst owing �30M in duty which theyd overlooked ! An absolute shambles top to bottom, internal controls appear to have been non existent.
Well a director buying is probably about the best sign or buy signal you are likely to get so you cant really blame yourself for taking a punt!! Talk was monstrous director buys with dunstone taking 30 million himself... i kick myself for not pilingn in heavy with talk!