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Over the decades, I've put about £1500 in here.
With less than a million shares, I'll be lucky if I get £15 or more likely zero back.
I written these off, when they were delisted from Aim and change to paper certificate just in case.
There was reports about a hotel being built, but I bet they not even started or ran out of money.
I've way, it's not selling like wildfire?
Ramp over.
Seems they may have some very large contracts in the pipeline.
Maybe our board were to hasty liquidating the company.
There are some very big shareholders out there that cannot be very happy with the boards performance.
Same feeling here.
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?
Thanks again :)
Your broker still owns your shares albeit in a nominee account. The asset match was brought in by the company to enable shareholders to sell to anybody else who wanted them at an agreed price, however,not a single shareholder used it so it was discontinued.
Regarding compensation. The only monies we will eventually receive is if NXT Tec comes to the market and then they can be traded and monetised.
You could contact the liquidator.
Just look at leed resources on companies house website and the address and contact details should be there.
I must admit imo the directors gave up too easily but what's done is done.
Have a nice day.
Thank you Steve. My broker is HSBC, but that ended when LDP delisted from AIM. After that another company (I think they were called Asset management?) were in charge of these shares. But that ended too, did they go bust? Sorry my memory fails me.
The question is: if there will be any compensation for us shareholders, who do I contact to get whatever I am entitled to? I tried the LDP site (www.leedresourcesplc.com) but it does not exist!
Still ongoing as far as I know.
Once completed our only asset will be the 900k nxt tec shares we hold.
Until it goes ipo we will just hold them until they can be monetised and the proceeds distributed to shareholders. Proceeds divided by about 3 billion shares. Works out at about £30 for every million shares held for every £100,000 raised.
The registrar or your broker would know that you have the shares whether in your name or nominee name.
So really just a waiting game here.
I hold 20 million that cost £10k so hoping for some return in the future.
Anybody has latest news on what happening with liquidation - Are our shares worth anything?
How can I contact Leed Resources to tell them I exist and that I hold 5m shares ?
Any advice is appreciated.
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.