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What about the twat who spent a million pound on an area to mine coal, part of which was owned by someone else
Mr Peter Redmond!
waked away from that with no reprocussions
Whatever happened to the guy who stole all the money from the company in Australia? Why when investors are paying the wages of the directors do we not deserve the right to be informed in anyway what happened to the guy
Unfortunately we don't know what's happening behind the scenes.most of the bod running the aim companies have very little integrity. They don't understand the fact that God is in control of sowing and reaping. iam amazed at how little some of them seem to worry about there name and reputation. If they are not going to do anything wait till there is some more value in next and sell it and give the long term suffering shareholders something back.
Just looking in not many posters here now.
I e mailed him a few times even made suggestions which he seemed to agree with me somewhat on certain points. He and the other directors seem to have given up on the company.
Given the almost nil cash balance it is most frustrating.
Five years and nothing really to show for it.
Regarding nxt the website shows projects worth potentially 100's of millions of dollars.
It could be the constant lockdowns in Australia are holding the projects back.
I have been informed that there will be an ipo at some point. This would value our holdings at about a million pounds. Given our board have decided to write it down by 50% it just shows you how clueless they all seem to be.
You could always contact nxt and just enquire that you are a leed shareholder and was wondering in an ipo was forthcoming.
If you get the same answer as me you may be quite surprised.
I think our investment will come good sooner than later.
I just think the board are letting the shareholders down completely.
I quite often have messaged Charles and heard back the same day or at the very least the day after. But he seems to be ominously quiet at the moment. I'm hoping it's all good. Nxt tec also has gone to ground on social media etc
Good Evening Denny.
Would need all the major shareholders to vote against them.
The annoying bit is that have vast experience between them but they have done basically nothing in six years except made an investment which they have decided to write off half its value.
The money will 4un out in the next six months if I calculate it right.
The accounts will be published by the end of September.
The nxt tec business is fundamentally very strong and I am expecting an ipo sooner than later.
This should value our investment at about a million pounds.
I think the only thing we can realistically do is wait.
Look at the nxt tec website, they’re are many multi million dollar projects on the go.
I think things will happen here soon, it’s just the waiting is the frustrating bit.
ATB
Steve
Thanks again for a great post Steve. What do you think our chances are of replacing the current hopeless board made up of Charles Zorab, Ian Gibb, John Grundy?
In my opinion nothing.
The only transactions in the year will be the CS01 fee and Auditors Remuneration.
We are not listed have one investment and a few thousand in the bank.
Seems a complete waste of money.
Seems we won’t get the accounts until the end of September.
That is just over five years since we were delisted because we failed to make an acquisition.
It is just not good enough.
I think an investors meeting should be called to at least know what if any plans the board have for this almost shell company with about £4 million pounds in available tax losses.
What are the thoughts of the large investors here that hold hundreds of millions of shares that probably cost them millions of pounds to acquire.
They give us virtually no information whatsoever about anything.
The only information available is on the nxt website.
Many shareholders have been stuck here for 10 years or more.
The least they can expect is a bit of effort on the boards part to either get something going with the company or call it a day.
Looking at the nxt valuation it would seem that our 1.2% stake is worth a lot more than the board say it is worth so our board decided to virtually write it off in last years accounts.
I am not giving any figures, but just to say it wasn’t too difficult to find out some interesting information. The board, however, are not coming up with anything that may bring some value into the company. It is just not what is expected from an experienced board.
We may have some news with the accounts but I’m not banking on it.
As far as I know the last accounts showed they all expired in April 2020.
So they would only have any shares they had purchased before we were delisted.
Hasn't Mr Gibbs got 200 million options in Leed, I also think Charles Zorab has a fair chunk also.?
I have 10k myself.
Imk nxt tec have a great future and an ipo looks to be very soon.
It was supposed to be early 2020 but covid stopped it in its tracks.
It was also supposed to have a London listing but now in Australia.
The current projects being undertaken are big by any standards and look to run into the hundreds of millions aus dollars.
I have contacted our company many times.
However, I get the impression they just can't be bothered. The accounts are due soon and will probably show under £10k in the bank.
A pretty horrible show for 10 years.
Maybe some new faces are needed before the company goes belly up.
See some of my earlier posts on here.
We are not finished here yet.
Like many here I am sat with around £40k tied up for over five years, the limestone deal didn't work out to well for ldp, surely we are due some good news. What ever happened to the bloke in Australia who had his hands in the till? he stole from every person who invested in Leed.
Two new projects on nxt website under commercial property.
Must be in the hundreds of millions in dollar terms.
Must be only a matter of when not if an ipo is announced.
As far as our board is concerned no comment.
Thanks for that.
Somebody certainly needs to sort it out.
They have options available to them but do nothing.
I did contact them regarding relisting, however they said the costs were in the region of £300k.
Without relisting the company will go nowhere. Once nxt ipo’s our investment should be worth around a million pounds I calculate. We can then relist have about £700k in the bank and become a cash shell similar to Attis. I’m not sure if shareholders will get a chance to say anything at the forthcoming agm. I think however, the board need to be given an ultimatum. Do something to enhance shareholder value or find others that can.
Why are they doing absolutely nothing that you suggest? Everything you say makes sense but the lack of action or an update from the Board is disrespectful to those of us who invested 7-8 years ago and watched in horror as the share value disappeared away to nothing due to their horrendous investment decisions.
We have a very small chance of salvaging something but it diminishes by the day. Sorry to be so negative but that’s the way it is.
It’s a shame that Steve58 is not part of the Board as he is clearly a cut above the current members.
Enov Partington is a director of nxt tec and also involved in a company called blueprint homes in perth.
Could be a tie up between the two companies. One designing and the other building them.
The blueprint homes website shows many designs that look as if they have used nxt system.
Far from it.
Nxt will at some point soon have an ipo.
The value of our investment should increase by a multiple of what it is now.
The board will then be able to monetise it and maybe do a similar deal to the recent Attis helium one transaction.
The board supposedly have a lot of experience, however, they have shown none of this during the many years they have been here.
They have made a few promises over the years but without saying it they have imo done nothing.
I expect the update will just consist of a set of a fairly useless set of accounts as usual.
Imo they need to contact nxt, we are still shareholders albeit a 1.3% holding but shareholders we are.
I’m sure nxt would tell them what and when things are happening.
Not at all impressed with our board, I know their is little in it for them financially at the moment but I’m sure with a bit more work put in it could all change for them and the long suffering shareholders.
Imo once they have the investment at a stage that it can be monetised (post ipo) the company can be relisted and become a small cash shell with losses of a few million. This can then be used against future profits.
We then may get a fair proportion if not more of our money back,
I think all is lost here Steve. Worst investment decision most of us will have ever made.
Should have accounts soon which will meaningless imo. The board are here in name only have done nothing in four years.
Why not just do something similar as to the attis helium one tie up.
The former attis shareholders are doing quite well for themselves
Come on board do something.
Good morning to you.
Things are definitely moving at nxt.
It's just when and how quickly.
Well done in getting a response.
I have contacted Mr Zorab a few times and made a few suggestions.
I have just had a response from Ian Gibbs. He has said the board is in the process of putting together an update for all shareholders and so you should receive some information shortly.
It was actually good to hear from him regardless of level of information and lets hope the information coming gives some clarity.
I got fed up with nothing from our board.
I contacted nxt direct.
Although they cannot divulge any sensitive information as I am not a shareholder of theirs they were very kind in the reply I got.
It would be nice to hear that from LDP rather than us all having to read up from the tinterweb...
I see Nxt Tec have been given a European patent for there spacedeck . It's not over till the fat lady sings. It's been a long old slog, but there is light at the the end of the tunnel.
I might drop him an email at the link I shared earlier. Sorry I thought you said you had been in contact. my bad
I am really sceptical on any consideration that LDP share holders would get in an IPO for NXT. I'm not sure on any obligation they have to us now they fall outside AIM rules. I would imagine that dormant individuals for 4 years would not hesitate increase personal gain at the expense of previous share holders. And actually, I don't even know how they would communicate anything to us unless through an RNS but it kinda seems as if that isn't even required. One would hope that there is some level of integrity amongst them.