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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.
cheers Steve
E mailed a director about a week ago.
Still showing as active on companies house.
Although accounts still outstanding.
Complete shambles imo.
Must be the paperwork involved.
Still had to be put to shareholders.
anyone? thanks
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.
Good morning to you.
Seems the company are still active here.
Have e mailed nxt ceo a few times.
IMO looking good for the future.
If an ipo happens then would increase investment many times over.
Not sure if any shares were sold although if we were having a voluntary liquidation I'm sure we would have been informed by now.
Maybe an rto into leed.
Anything possible here.
Hi Steve, I think nxt have just about run aground from what I can gather, If they survive. Not sure there's anyway back even for nxt never mind leed. Websites have always looked great with Leed investment but results are defined by actions not their intentions. With a handful of staff in any of these companies they were always lacking supervision from experienced board with knowledge and that applies to every Investment made in imo.
Nxt website still being updated.
We have a £3000 late filing penalty to pay.
Awful show by our directors.
I assume company is not now being liquidated.
It will be interesting to see the value of the nxt investment.
I have been informed that the nxt accounts have now been completed and filed.
Hopefully we will be updated soon by our board.
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.
I else that Leeds finished then.
No money in the bank, can't rise because Leeds aren't listed on any exchange.
Time to put to bed.
Looks like the board will have spent the last of the cash.
Penalty if filed by 31st December (unlikely) £1500.
Penalty if filed after this date £3000.
Seems they could have filed on time and at least it would given nxt more time to sort things out.
Have been contacted by nxt ceo.
Accounts will be completed soon, mainly due to lack of availability of audit personnel.
Imo our board have panicked.
We now have no money and if someone comes along and buys the nxt shares at a knockdown price not much to distribute to shareholders.
Awful show from our board imo.
Three out of three dud investments.
Imo they should hold fire.
I’m sure they could find someone to put some money in to keep it going longer.
Anyway, happy new year to anyone looking in.
Thanks Steve, I really do hope, more for your sake than my own that this comes off... At £160 per million shares would not cover my initial investment but better than nothing. And to be honest, I just want this over with
Hope all is well
Just looking in.
The liquidator would take hold of the shares until the time they can be monetised.
Any monies should then be distributed in due course.
Every £500k being about .0016p a share.
About £160 for every million shares held.
Hopefully more.
Given Leed tax losses imo relisting could be worthwhile.
All the best.
Steve
Hey Steve, happy Christmas to you
I was wondering, how, I mean by what mechanism or contract will any return or shares from the NXT IPO be transferred to existing LDP shareholders? Wouldn't LDP need to relist?
Thanks.
I do my best.
Holding 20 million shares so enough reasons to want us to carry on.
I have had a few e mails from Natasha at Nxt tec.
Seems confident enough to me.
Website has been updated recently showing some very large projects.
Have e mailed Charles at Leed regarding being a cash shell with a few million in losses which could be used should another company buy us out.
Imo we are not finished yet.
Does really hinge on an ipo at NXT Tec.
I would say its really poor form... Steve does a great job in keeping us updated with his informal emails. But it is an utter disgrace that we get nothing from the board...
This is good news - thanks all.
Good to hear from you.
Hope all well at your end.
Imo the Leed board could have done the accounts with an estimated value. Written down by 50% as it is. Incurred a few thousand in late filing penalties.
Got a personal e mail reply from the chairman.
Hopefully the projects on the website have been started.
Seems accounts are held up due to availability of audit staff. Probably to do with the virus.
Hope it gets sorted and our company can continue.
Have a good Christmas.
ATB
Steve