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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.
Still on website with new some new projects although a few old ones have disappeared.
There never was a hotel.
No reply from the hotel in Australia. There is no hotel and the website makes it look like its a huge company. Looks like 13 employee in an industrial estate.its all big talk and plans. What a con. The only way back is personal visit
No reply from the hotel in Australia. There is no hotel and the website makes it look like its a huge company. Looks like 13 employee in an industrial estate.its all big talk and plans. What a con. The only way back is personal visit
I think you are correct.
Three investments and three complete failures.
The board should be ashamed of themselves.
They took the easy way out.
And I believe that steve. A fancy website full of great what might be. The reality is far from that. Actually many websites all failed? Oh yeah. More like the never was an investment opportunity. None. Tjere was none.
Hi Steve, I think money put in to this share by investors was not fully invested. A fraction was. The rest wasn't. There was no chance of a return and directors knew this
Several times plus the old leed. The re birth was a con.
Seems post was taken down.
Someone doesn't like the hard facts and the truth.