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On going court case has been the reason for the delays.
https://www.applebyglobal.com/wp-content/uploads/2021-04-07-Re-Green-Dragon-Gas-FSD-197-of-2020-RMJ-Judgment.pdf
I have to agree it has been very disappointing here by them
At one point it ****ed me off, we were well and truly led up the garden path by the team at G3E
This has been a very very long time now
I doubt the fca would get any further than us. They are already suspended facing liquidation so not sure what levers they could pull. I want an explanation of how we went from “signed term sheet expected” to the hearing ( via Covid lockdown etc granted ) and ended up here ??? With the assets and the valuations stated this should have been pretty close to a done deal months ago.
Has anyone called the FCA about this yet? I'm half tempted to see if they think this is normal and have any ideas
have asked my broker to ask them on my behalf why there has been no update/RNS since Jan. Won't hold my breath.
What have they been doing for all this time if there is nothing to report.
G3 Exploration Limited (In Official Liquidation) (the “Company”)
I can only confirm what has been said before, and that is the Joint Official Liquidator (“JOLs”) will provide an update to all creditors and shareholders as and when there is something to report. At the moment, there is nothing to report.
As regards your assertion that you are a shareholder of the Company, again I can only repeat what has already been said - and that is your name does not appear on the shareholder register of the Company – hence you are not regarded as a shareholder.
You may regard yourself as the beneficial owner of shares in the Company by virtue of buying some shares through a nominee or an intermediary (e.g. HSBC), but that does not make you a shareholder of the Company – it would be your nominee or your intermediary that would be noted in the shareholder register and hence they would be regarded as the shareholder.
As has been said, the JOLs will send an update at a time of their choosing, when, in their view, there is something material to report.
Kind regards,
Rebecca Rohan
Been a long time now
Still waiting here. How long can this go on???? In the meantime, take a look at CLON. Low market cap under 4m. Potential JV could see it do a bag or two.
Everything connected to the business is in the hands of the JOL, the board, the shareholders everyone is frozen out after THAT court hearing. Just got to wait I’m afraid.
I’ve only got a relatively small amount here, but has anybody tried to press their brokers into pursuing some information from the JOL’s? Surely they should be involved on behalf of us their clients?
Any idea how many holders / shares would be needed for this , I'm guessing a lot and with only a small number of shares in PI hands we may struggle. One other option might be to try and get a group seat on a liquidation committee. The fact no creditor wanted such a seat seemed a little odd to me.
And the JOLS won’t say anything.
We need to call a general meeting which we are in our right to do so if we can rally enough investors.
and a minute after posting here, i got this in from the court.
At this point you will have to liaise directly with the JOLs regarding any queries as it relates to the report in question as the Court itself cannot become involved in direct correspondence but will seek to ensure that any issues raised are addressed by the JOLs.
Many thanks
Bridget Clare I Acting FSD Registrar, Notary Public, Personal Assistant I Financial Services Division
The court checked with the judge , they said go ask the JOLS.
The JOLS did their usual, go ask your broker - like they'll know more than the JOLS.
Have tried again with both the court and the JOLS asking why it's so hard for them to give a yes / no answer to the Q of has the report been submitted to the court and when.
Will keep on at them and if I get anything I will post in here.
And the same here too
Same!
I have given up with it. I am in the same boat and they won't answer my questions.
Tried emailing them and hit the same brickwall everyone seems to , that we are not listed as shareholders as it's our brokers that names thats on them.
Have tried asking blunt question about when the 'shortly thereafter' RNS is coming out, also contacted the court direct asking them if the report was subbed and when next hearing is. Not expecting to get anywhere, can but try.
Perhaps if everyone starts badgering them they will issue something.
JOLS
rrohan@alvarezandmarsal.com
alawson@alvarezandmarsal.com
kblake@alvarezandmarsal.com
For the Grand Court email The Court Administrator & Chief Officer
suzanne.bothwell@judicial.ky
Come on will you !! There is a good few of us on telegram and Twitter away from the idiots of the world , some good banter ....@tellthenation1 :)
Calamari , get in touch mate on Twitter or telegram :)
No reply at all
Not going to get a penny back from what it looks like, Id like it deregistered now just so I don't have to see it on my screen anymore