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I note at companies house director appointments in June 2023.
does anybody remember what the last deal was ?
it basically ( just using basic maths ) made your shares value next to nothing while the director aquired virtually all of the company ( and value of any ) literally for himself.
you cannot make this **** up.
we ain’t the first and we certainly won’t be the last.
say goodbye to your money.
The problem here is that the deceitful and connected traitors in our government got Truss out of the way.
No freedom of speech so I can’t say I’d like to have the current prime minister and his friends in China “assassinated !
I haven’t got the cash to pay for such a venture as I put it all in here.
We all make mistakes don’t we Fyoz ?
May I assume you are conceded ?
Or do I mean conceited ?
I’ll let you decide 🙄
Anyone any the wiser as to what is going on with INFT?
The accountants listed on the website are Azets (they're the auditors as well), a top 10 accounting firm with over 7,500 employees. Hard to believe that such an experienced outfit would have completely lost all the records, but I suppose in a digital world it is possible. So, are they going to own up to their negligence and do the right thing, or are they going to prevaricate, and hope they can somehow wriggle out of a large compensation payout? You'd think there'd be safeguards in place for this kind of event, some kind of arbitration to determine the compensation owed? But if INFT can show this has prevented them from clinching some kind of deal, then it could develop into a long drawn out legal bunfight
No doubt the bod are making slow, slow and slow steady progress in recouping a few £ for us. Is anyone else surprised by the apparent inft position that all relevant paperwork is in the hands of the accountancy firm and can't be obtained in whole or significant part from other sources?
If bod are not greedy!!!!!!!
From memery I think the MC when we delisted was about #2.5m. If we take the message at face value, that would be a tiddly amount for a large accountancy firm (or indeed their indemnity insurers) to cough up in compensation. Then, if the BoD aren't greedy (ha ha), we might just get our money back
Lots of if's and but's at this stage, however, a gimmer of light at the end of a long dark tunnel
Thanks Fyoz. Already written this off so can’t get too upset about it but maybe some compo lol
W - T - F!!
Information for all shareholders
Whilst the board is continuing to pursue a potential transaction, shareholders should be aware of an issue, outside the control of the board, that has arisen and which the board is endeavouring to resolve.
The company has retained a prominent accountancy firm (understood to employ more than 7000 people) for several years to act as its outsourced accounts department, receiving invoices, paying creditors, liaising with the bank, etc. In this capacity, the accountancy firm has retained for safekeeping substantially all of the company's accounting records.
The board has been informed by the company's accountants that those records have been mislaid and are, in all likelihood, irrecoverable. The firm has assured the board that they have made exhaustive efforts, for quite some time, to recover these records, but they have admitted to the board that they have not been able to do so.
This severely hampers the company’s business plans. In particular, the company is effectively prevented from relisting on a Stock Exchange as it would be unable to satisfy financial due diligence without historic information readily available.
There is a procedure for seeking redress in these circumstances, and the board has triggered that procedure. The board has made it clear to the accountancy firm that it expects to be properly compensated, with the level of that compensation to be determined by experts. The board will provide further information to shareholders as that process progresses.
Does anyone now what the letter which is mentioned on the website says. Announcement on website says 25th of May
A letter will soon be sent to all shareholders relating to an issue that has arisen and
which the Board is endeavouring to resolve.
Please note that those holding shares in Depositary Interest accounts are not the
direct shareholder and will therefore need to contact their respective Nominee to
obtain a copy of the letter.
The communication is confidential to shareholders of Infinity Energy Limited
:(
These guys dont do fast, glaciers move faster than these guys
Resolutions are always passed for gods sake.
See you all again some time.
Two hopes here, one is called Bob.
I call in every now and again to see if I’m wrong, but no.
You and I have been well and truly shafted.
I did the math a few years back after the “vote” , and hang on !…
Was there another one ???
You fools !
Transgend, Gerwyn has taken it all an he did that some time back !
You are invested in INFT…
I am too !…
But you won’t see any gains from it.
ZILCH !
You will be lucky to see one tenth of your original investment.
Hello Fyoz, you ****.
Been a few weeks since vote. Has anyone had any news or contact with inft board?
since i last looked a few yrs back - literally bottom drawer
Something must be happening ? .... in slow motion - err Austin Powers - steamroller clip - https://www.youtube.com/watch?v=y_PrZ-J7D3k&t=3s
The results of the egm vote are now on company website and were voted through. See what happens next.
Good that all resolutions were passed, not so good we have no new information from the business.
Egm minutes on website.
After failed full rto attempt, Gerwyn has been saying that since we were
suspended long ago.
Think this paragraph has changed on home page.
Infinity Energy Limited (“Infinity” or “the Company”) has agreed to acquire 26% of Transgas Limited, a company owned by Gerwyn Williams, Infinity Energy’s CEO. As part of that acquisition, the Company has announced that it is currently seeking a listing on the Standard Segment of the Main Market of the London Stock Exchange. Any queries should be directed to Peterhouse Capital.
It now says it has agreed to acquire 26% of transgas.
Link working now...many thanks
Can you please post the link as I still can't get in. Must be my link. Many thanks