Leed Resources Share Chat (LDP)

Not much seems to be happening here Steve can't see much in the way of construction approvals or exciting expansion by NXT.

Not much seems to be happening here Steve can't see much in the way of construction approvals or exciting expansion by NXT.

Sorry for the delay in replying.

It does seem to have gone very quiet.

Current and future projects have been the same for ages.

The Wyndham hotel one has gone.

I think they are concentrating more on the licensing model and gearing up for an ipo in the us.

Has now been over 12 years since they started so certainly taking their time.

Since then steve what other buildings have they constructed can you see any as the report said they had delivered one house from four .

Thanks for that.

Have seen it about a year old now so hopefully sorted.

Still waiting on ipo.

Imo should be very soon.

I will post any news here when I have it.

Thanks Steve. At least it's looking favourable 👍

Their staff are all design and admin.

Most of their income is made through licensing their building system.

The modules are built off site by third party builders and then transported to the building development for construction.

Hopefully news on ipo soon.

Hope that's true Steve , appreciate the info.

I just couldn't see a lot of staff at NXT TEC which made me sceptical about the big plan with low volume staff. I'd given up on this to be honest but you really think an ipo not impossible?

You are welcome.

It does look like the ipo will be sometime this year,

They are expending rapidly, have worldwide patents in place.

They are currently raising pre ipo at 85c which would value Leed stake at

about £400k so about £120 for every million shares held.

Could ipo at a multiple of this and of course the price may rise further in the market.

Hopefully the liquidators will sell at an optimum moment to raise as much as they can to distribute to shareholders.

ATB

Thanks Steve

First residential property completed in just over a month.

399 to go just on this one development.

I’m confident that with the way they are moving forward they will hopefully ipo this year.

Could be at a much higher price than we think.

See their website for details.

Update.

Wyndham hotel building permit granted.

Build time 12 months max.

Sign up for NXT TEC newsletters on their website.

Looking like this will IPO in near future imo.

I have contacted the company regarding a possible IPO.

Good morning to you.

The nxt tec website has some interesting bits on.

I will contact them regarding a possible ipo.

It would be great to put this to bed.

Good plan, let us know if you get any feedback.

Another update from NXT TEC.

Kwinana project started.

Display home completed.

Development of 400 affordable homes now underway.

Building permit for construction of Wyndham Hotel secured.

I am going to contact them regarding likelihood of an ipo.

Just received an update.

They have been granted multiple patents in the us.

Looks like an ipo soon.

As company is expanding could be priced at a much higher price than Leed acquired them for.

Hopefully not too much longer to wait.

Not sure on timings for anything Steve, surely there's no chance getting anything back here ? I'm not even sure how their hotel ended up, lost track completely.

L

What needs to happen and I believe it will as the company will require many millions to expand the company.

They will have an IPO in effect taking the private company and having it listed on the Australian Stock Exchange.

The Leed investment (about 900,000 shares) can then be sold into the market and funds generated can then be distributed to shareholders in the proportion of shares held at suspension.

For every £100,000 raised I calculate a return of about £30 for every million shares held.

Hopefully an IPO will be sooner than later.

Hi Steve, you think there is a chance this will happen? It seems too long ago. For this to take place what needs to happen?

Morning all.

NXT on main news channel.

IPO must be very soon.

This will then unlock the value of the shares held about 900,000 and shareholders will be paid out.

Go to NXT Tec website for link.

We are in liquidation but our shareholding in nxt is still an asset if the company albeit not a liquid one at the moment.

Once nxt does an Ipo then our shares can be sold and monies returned to Leeds shareholders in due course.

Take a look at the nxt tec website.

Currently very busy and building a $200 million property.

No return, the company has liquidated. I suggest you try and offset the loss against your personal tax.

Hi, does anyone have an update on the shares of this company. Are we going to get anything back for our shares? Please help anyone, thank you, Ash

Just had e mail from company.

They can now produce three residential properties a day using their technology.

Potentially thousands of houses for social housing requirements in the country.

See Building Construction magazine.

Looks ripe for that ipo imo.

The quicker this gets done the quicker we get a return on our shares.

The liquidators are holding LDP' s shareholding in NXT Tec until the time comes to cash them in and return the proceeds to shareholders.

This can really only happen when NXT do an IPO.

We hold about 900,000 shares.

The company seems to be gearing itself up for an IPO.

Our investment is safe with the liquidators.

It is just a matter of how long we have to wait until it can be monetised and returned to shareholders.

Https://www.nxt-tec.com/post/nxt-tec-and-noongar-mia-mia-to-deliver-essential-housing-using-nxt-tec-s-innovative-technology

Helpful??...this company - NXT Tec Australia is still trading...The liquidators can't take ownership of this asset/investment can they? It is not shown anywhere in Leed Resources Accounts that i can see...

Https://www.nxt-tec.com/post/nxt-tec-and-noongar-mia-mia-to-deliver-essential-housing-using-nxt-tec-s-innovative-technology

Helpful...this company is still trading...The liquidators can't take ownership of this asset/investment can they? It is not shown anywhere in Leed Accounts that i can see...

Just been emailed their first newsletter.

Things definitely moving.

We just need that elusive ipo

Can’t seem to copy it over.

Probably have to e mail them to get a copy.

So not totally over Steve? Hope so

The company still exists solely to distribute the proceeds of the sale of NXT TEC whenever it happens. The investment and ultimately any proceeds thay materialise are held by the liquidator.

Hi Steve, thanks for that.

I spoke with a director, well who was a director who has said that LEED went into liquidation and is no more. Gone in January.

If they are liquidated and no company is that the end of it?

Hi Thompson

The company still exists on companies house and should do so until the investment is monetised and the resulting funds are distributed to shareholders.

The Nxt business concept seems to be expanding at a quick rate at last.

It is now classed as a late stage VC company. (Venture capital).

This means that it is gearing up for an ipo.

I keep updated by looking on the NXT TEC website.

News pages getting interesting and current and future projects as well.

The hotel is apparently being built.

ATB

Steve

Hi Steve,

With Leed having completely folded and no company at all,, are shares in NXT going to be of any good? As of January LEED ceased to exist in any capacity.

What you think?

Orders coming in. Hotel being built.

Government contracts.

Let’s hope an ipo and monetisation of Leed 950k shares isn’t too far away.

Looked on website.

They have a contract to build at least 400 houses.

Looking better for a potential ipo and monetisation of the investment
for return to shareholders.

Hi Thompson.

Companies can be reinstated at minimal cost, however, I don’t think they would bother as the company has not been trading.

We hold the nxt shares which hopefully can be monetised and the proceeds returned to shareholders.

I must admit I am most disappointed with the outcome instigated by the directors but with money all but gone they really had no other choice.

At least shareholders should get something back.

I have calculated that for every £1 million the shares are worth it would mean a return of about £300 for every million shares held. I have seen some figures on the website that have subsequently disappeared that would value our shares at about a million aus dollars or about £500k.

Of course if the ipo goes ahead this could increase substantially.

ATB

Steve

Current Directors address listed as ........
1 Radian Court
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8PJ

OPUS
1 Radian Court
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8PJ

Hi Steve, thanks for that . Last time i messaged a director at Leed hd responded telling me it is impossibls for Leed to come back. I asked him straight will they come back, told me no! Dead. If that is true and he's telling truth where are we headed? Australia is not on the radar. They look big on the site but hsndful if people, sounds familiar every single investment. I am of the belief there never was any sensible investment made if at all. He so called hotel company told me they werent even connected to Leed. Hotel in Perth, what a fantasy. Building prefab blocks. All that stuff went out with Nelsons eye. What rubbish.
The only way getting anything back is another route but surely we wont get it back here this way holding?
Can you see us getting anything back? Mote chance the other route!

Updated website more into housebuilding at last.
Split into current and future work.

Imo there must be an ipo soon.

They cannot do that.
They should reinstate them for you.

unfortunately some one at jarvis has decided to remove the holding from my account !

Seems the board were too hasty.

Company could be un liquidated and relisted.

Lots of new projects have appeared.

If I find out any further I will update here.

Could be in excess of £500000.

About £160 for every million shares held.

That is if an ipo were priced at $1 aus a share.

Usually shares rise so could be higher.

Anything possible here.

Go to Nxt tec website at the top right of page click on more.
Then click on NXT IM 2022.
Seems some value could be coming our way.

I don't think the current investment is a scam although the same projects have been on their website for a few years now.

I still don't think any of them have been completed let alone started.

I will send an e mail to their ceo and ask.

The other main problem is that it is a private company so unless an ipo is forthcoming it will be very difficult to monetise the investment and return funds to shareholders.

So the question is did the opportunities exist or was it lies? Fabricated wiyh no intention of the proposed investment?
Several investments failed. Nxt looks no different. Theyve done nothing again......in the back of beyond but i cant see a hotel. Hello? Anybody home sfa and a con i think

Peter. Redmond and his million investment for manas, then to be told we didn’t own the land
The older I get the more I doubt this, probably a **** and bull story with him pocketing the money
Ian Gibbs’s no better along with Charles zorab linked to acp at one point
A greedy little conveyor of ceo who pocket money for doing **** all
Aim full of the shysters

Hi there.

Investments I recall are
Manas coal.
Limestone business
and NXT Tec.

I emailed the ceo a couple of times.

Natasha was her name , had a couple of replies.

The website has had the same various projects on the go for a few years so I am very concerned that although it looks good on the website not much had actually happened.

The company was all ready to ipo and then covid came along in spring 2020.

Our stake would have been worth about $2 million aus dollars.
I don't recall a Singapore investment.

Still waiting on liquidator to distribute funds.
This cannot happen until nxt tec do an ipo and then our 900,000 shares Leed hold can be sold and the proceeds returned to shareholders.

I may e mail the ceo and ask if there are any plans to ipo although I would probably not get a reply.
Let's hope for some news and some money.

Hi Steve,

Cant fet ant reply from nxt aski g them about the perth hotel. I can't aee a hotel? Looks like a total of 13 emoyees....hardly Amazon.

Tbrougout the years was recapping on attempts....or maybe there was no attempt at investment in various business ventures.
What have we had? 100+mtons of coal returned nothing ? Was that right?
Some address in singapore and a business venture there, what was that? Returned nothin i remember. TZhat much garbage over the years its incredible if it even existed. If any investment was made.....or was it?
Then Limestone stuff in Perth? Returned nothing just excuses and someone ran away with money was it? Returned nothing?
Then nxt......nxt with the hotel in perth i cant find the hotel or any expansion of the nxt business.
What was the singapore investment can you remember?

Once the nxt shares are monetised the amount received will be divided by the number of leed shares about 3.1 billion I think and we will receive a proportion of the amount received in relation to our shareholding.
Hope that explains it better.

Hi Steve, thanks for that. The shares we have in Leed, are they still valid with nxt? I dont know enough of that process at all. When i looked at nxt i thought they hadnt done much as a company , may be wrong. In the real world to get any money back on these shares how does that monetisation happen? You know more than me. Cheers for any help.
Ta Steve

Once liquidator is finished and company is voluntarily would up our investment in nxt with be held by them until such a time it can be monetised and proceeds given back to shareholders. Should be dine automatically .
The only problem is how much we get and when we get it.

ATB

Steve

Hi Steve, thanks for upates and info. I hold like you do but how do we get anything back? Or even the chance of getting anything back? Do we need to apply or wait?

Apparently after all debts are paid there will be £26.71 left.
We of course still have the nxt tec shares which will hopefully sell for millions.
Maybe shareholders will have the last laugh in what has been a farcical show by the company the last 10 years.

Seems that as of 1st October they are at the late stage of venture capital funding.
This normally happens in readiness for the sale of a business or an ipo.
A million pounds for our 900,000 or so shares would equate to about £300 for every million shares held.
Anything possible here imo.

Got a copy of document from liquidator while on holiday so couldn't vote.
My broker couldn't even be bothered to send it to me. Take their fees though.
Probably wouldn't have made any difference to outcome although hold 20 million.
Let's hope for a return however small.

...also depends which broker your nominee account(s) is/are held with .... with ii they send you a notification there's something to vote on & also provide a portal for you to do so in respect to your holding ..... with others you may need to ring them & clearly instruct how you want them to vote with your shares (I'd also ask them to confirm they've received it ....in writing if you can).... if you hold paper share certificates yourself they should be on the company register & you should get a communication directly from the company with instructions on what you're voting on & how you can do it.

Had a reply from opus.

Documentation should be posted to nominee provider who should update shareholder accordingly. Shareholder then has to instruct them to act on their behalf should you wish to sum it a vote or attend the GM.

Hope this helps.

Hi there.

Still trying to find out myself as shares in a nominee account.
Should appear on account.
If not maybe need to contact liquidators.

Steve where can i find out how to vote etc?

thanks in advance

atb

...I guess those two major shareholders may just be waiting for it to go into administration so they can offer to buy the non cash assets on the cheap... I'll take your post as a preference to vote for the administration but will check in occasionally to gauge any other views expressed.

Hope your investments have/are/will be better elsewhere .... Let's face it if not better than this we probably shouldn't be investing..... wish I'd never heard of Mannas Coal as that's pretty much where the real rot set in here IMO ... Hey ho no more coal LoL

A members voluvoluntary liquidation is because a company’s assets are more than its liabilities including the investment.
The liquidators will if approved wind up the company and any cash and our investment will be held in escrow until such a date the investment can be monetised and distributed to shareholders. I’m very surprised the two major shareholders who own almost a billion shares a third of the company weren’t interested in getting the company going again with the losses alone worth a million in tax savings.
We live in hope. If shareholders vote against it probably just be a liquidation where shareholders get nothing as the investment would probably just get written off.

I won’t bother starting a group.
Probably wouldn’t be much to talk about regarding the company.
It just needs a last minute offer from a wealthy investor to buy the company and then rto into another one.

We are not insolvent as our asset is theoretically worth more than our liabilities.
The problem is valuing our investment and ultimately selling them for distribution to shareholders.
I have calculated that for every £100,000 surplus available to be returned to shareholders we get approximately £30 for every million shares held.

Of course if the directors cannot sell the investment or just can’t be bothered then we will get nothing. Considering we have been suspended here more than six years it does make you wonder if they have really bothered about shareholders at all.

Let’s hope for something back.

....that's fine Steve .... but I should let you know in advance I'm not one for joining groups for things I do have a position on let alone here.... but if you get one going just let me know what the consensus is (if one is reached!!) I'll vote accordingly .... I have until the 29th to cast/change my voting preferences.

I've worked it out at about £30 return for every million shares for every £100k received.
We just have to wait and see..

cheers Steve

i only have 4 mill share but will be happy with anything back as at the moment we have nothing anyway

As far as I see it a members voluntary liquidation will happen.
Any debts get settled and the nxt tec shares will be held by the liquidators until such a time they can be monetised. Any monies received are then distributed to shareholders in relation to the number of shares they have.

I have 20 million shares so am hoping to get something back.

have held leed shares since 2012, but have not done anything with them, could you tell me what I should do to change them over to Nex group I am a bit of a novice a share dealing and would appreciate your help david

Along with the dodgy directors including Peter Redmond who allegedly managed to spend a million quid on a coal pit called manas
The older I get the more I tend to look at these company’s and realise these directors are bent and corrupt and moving between companies in aim
Charles Zorab another name that crops up, wasn’t he in acp as ceo

Seems to have disappeared.
Just like everything else with this company.

Good morning to you.
I had a reply from the board last week.
MVA still going ahead albeit slowly.

Nxt tec projects still look good to me.

I keep emailing the company but no reply.
About as reliable as their investment strategy.
Has anybody heard anything from them ?.
I know it’s been many years but still grates seeing my wedge evaporate.

cheers Steve

Got a reply from my e mail.

Members voluntary liquidation still going ahead.

Albeit slowly.

Not sure if he will like my reply.

He could see that myself and probably many other shareholders are far from impressed with their performance.

The one good thing about a members voluntary liquidation is that all debts are settled and the shares in nxt tec will be held separately until such a time they can be sold hopefully for a much larger sum than shown on the accounts.

Hope for some news soon.

Looked up financials.

Turnover 2020 accounts $3.95 million us dollars.

Turnover 2019 accounts $673,000 us dollars.

Very tempting to buy some shares of the liquidator at the right price.

If I read it right the liquidator holds the shares until they can be sold.

I am hoping that nxt have an ipo and shares are about $2 so about £1 million.

That would mean a payout of about .0035p per share or about £350 for every million shares held.

Hi Steve, looks like the pain will be over and all hope for a better outcome extinguished once and for all in the near future.
Can’t wait to get my tiny cheque from the liquidators

Have been informed that the members voluntary liquidation is still going ahead.
The shares in nxt can then be held by the liquidator until such a time they can be sold and proceeds distributed to shareholders.

The nxt accounts were completed and filed a month ago so nor sure what our boards next move if any will be.

Perhaps they are finding it difficult to raise the £3000 late filing penalty they could have avoided imo.

Maybe the shares are worth a lot more than we think.

Company still showing as active.

Should be interesting to see how this pans out.

I did the same when announcement was made no reply.

They are probably too embarrassed to say anything.

I can’t see anyone wanting those shares.

Probably the best outcome.

The liquidator will then hold the shares until they can get the best possible price for them.

Shareholders could have a very good outcome if nxt ipo.

At least $1 a share.

I have contacted the nxt ceo.

The reply was that the accounts were hoping too be completed by Christmas if not soon after.

Availability of audit staff seemed to be the main issue.

I emailed Charles with no reply, it says a lot about the character of these guys. I feel like a mug trusting these guys with my hard earned money.

Haven’t heard if anyone has purchased any nxt shares.

I assume we are therefore in a members voluntary liquidation.

Not sure if we have a say on it.

Of course we could have the last laugh if nxt tec ipo and shares go to $2 or more.

We await news.