Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Just received a reply back from Robert Miller stating he is not allowed to give information to selective (his word) shareholders like me
I am very surprised he even replied to me and within 24 hours
As per some reports the shares with him are pledged with some bank, also got to know from some sources that class action suit against NMC in the u.s have come Into some settlement, only we individual investors are left high and dry here in FIN case.
The annoying thing is Wizz brought Finablr for $1 and its worth a billion or so, right?
There’s 700mil shares in circulation so if Wizz were to pay us 25p a share the mcap would be 175mil… surely they can afford to pay something for each share.
I’m guessing the sticking point to all this is Shetty owning 65% of the shares
The annoying this is Wizz brought Finanlr for $1 and its worth a billion or so, right?
There are 700mil shares in circulation so if they were to pay us 25p a share the mcap would be 175mil… surely they can afford to pay something for each share.
I’m guessing the sticking point to all this is Shetry owns 65%
I have just emailed Robert Miller for update
You never know he might email me back
I will contact on here lads if he replies
Does not sound good for us small investors
Very dodgy indeed, did some research on closer look the entire business is as good as dead, the flagship market in Uae the business is non operational for the last 2 years, Australia gone into administration, U.S. they have lost licenses, kuwait they have closed down, the fintech business is non operational , something really fishy doesn’t make sense for some investor to sit on a pile of debts and incurring millions of more debts in the last two years, the regulator has to do a through due diligence on the investors.
All very dodgy
Not tried MP yet
Come on everyone get on to fca and lse to foce either Fin formers owners or Wizz Holdings and their f##kers to relist and to get us all our money back
Hopefully this can be sorted one way or another nearly 2 years now, absolutely ludicrous situation
Just sent my objection in
Agree
A Gazette notice will declare that the company will be struck off Companies House and cease to legally exist. ... In instances of compulsory strike off, this process is typically initiated by Companies House due to non-filing of accounts or annual confirmation statement.
Above from Google search .
I don't know, it could be a pressure move by companies house to get them to file accounts, or it could be companies house have timelines and their time is up. I'm going to send in an objection for what's it's worth . I'm thinking no company no shares =nothing. Agree ???
Any interested party can submit a formal objection to the impending compulsory Strike Off action. That could mean directors, shareholders or even company creditors who don't want to see the company dissolved before they've been paid.
Above info I found in google search . I think no harm in emailing companies house objecting . But this doesn't look like good news .
Or change of name to Wizz for relisting?
There is an update on companies House. No idea what it means. Are they preparing document for delisting?
They were suspended march 2020 and this is still the case
It was the FCA and they said suspending shares was illegal
Hi, thanks for that. Can you verify exactly what the FCA said. Suspension and delisting are two different things. My understanding is Finablr plc recently applied to delist but that was rejected. The suspension happened years ago, but that occured due to fraud issues and potential inability to show valid accounts . Was it the FCA or the LSE you were in contact with ? Cheers
The fca replied to my request for information but stated they had no more information that they say Fin acted illegally suspending their shares without shareholder permission
Well Bowlers12, as soon as they reply, let us know. There is no point *****ing on this forum, what we need are facts, information and details, wherever we can get them. If there is a shareholder vote I encourage anyone to keep an eye out for your proxy form, email , postal ballot, or however they do it. Check junk folders etc, and vote !!!
Cannot get hold of london stock exchange for latest information on Fin
Yes it was a bunch of lies, I guess the investor does not have money to take on liabilities, so they are just dragging this on perpetually.
They certainly were telling a pack of lies last year indomie