Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Have said it before: Until both Secs are completed there is no reason to relist as they risk a sell off.
Thanks @rugbyrob. As I said I hope I am proved wrong, by replying he has disproved some of my hypothesis. However what I take from this is that we will not necessarily hear anything in the next 2 weeks. The last suspension was 4 months so maybe, so we could hear something in November
I have also emailed
I'm part of a group of holders of forbes and have been asked to propose some questions to be put to you ..
1, does the Northern Provident liquidation affect forbes ?.
RC - No. Janus VC is an investor and shareholder in Northern Provident Holdings. That company is not in liquidation, nor is any of its subsidiaries in liquidation. Northern Provident Investments (which is in liquidation) is not subsidiary of Northern Provident Holdings nor does it have (or has ever had) any relationship with Forbes.
2, companies House states account due by end of September ?
RC - not sure which company you are referring to here? Forbes Ventures is a Cayman registered company. The accounts is a market filing issue not a UK Companies House issue.
3, will the business update still happen after the first securitisation as RNS'd previously.
RC - yes, it is as per the last RNS.
4, understandably share holders are concerned by very little comms , will this in the future be addressed?
RC - we recognise and sympathize with shareholders frustrations. I apologize whole heartedly for the lack of communication but we would of course update the market if there was any change from previous announcements that were market sensitive. Right now the board is entirely focussed on delivery as communicated in announcements, and the building of shareholder value (hence sometimes slower than preferred response times on emails).
Hopefully the questions I've asked are not price sensitive.
Thanks
Rob
@marshallSteve. Not sure why you said I was pathetic, I have tried to be realistic but also support you in your overexposure to this stock. If you mean pathetic as in deserves pity then I might agree with you.
To answer why have written this of logically:
The audit has now taken 3 months and could be done a week.
Rob Crook is a shareholder and also a shareholder in Northern Provident who are partners in the securitisation and have gone into liquidation.
MEGH are in financial difficulty.
It is now a year since we received notice of the securitisations.
The stock has been suspended since June.
There has been radio silence from the company.
And former BOD members are "disappearing such as
Peter Moss ' s linked in profile.
I do not expect an update from the company except to say it has been liquidated. After the suspension I said it was either a badly run company or a scam. I regretfully now believe it is a scam. I hope I am proved wrong. Our only recourse would be to report Rob Crook to the FCA and the Law Council. I hope I am wrong.