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AHHHA my post was removed wonder why ..There was nothing major on it .so why it bother someone ...
How could a new facility, being part of the overall re-financing, not be paid as per schedule?
Gige Zorbas didn't do much at all he didn't need to he just lent Mrs some cash from Uru. It was Hogan and Dan Smith that did all the running around to get Mrs back up and running remember. You rub my back I will rub yours that is why Pm got shares in Uru the difference is think Dan Smith believed in the business hence the appointments of the neds. But Hogan soon fell out with them when they didn't want to toe the corrupt line. Think the cage fighter as promoter was a step to far for them. Then obviously he had his brother in law designing the new website and then he introduced Elliott. The problem is the that dumber didn't realise the internet is a wonderful tool and you can find all sorts of connections and screen shot them. The web is big all of the people Hogan introduced were part of the scam but Hogan is just a little boy playing in the big league. Zorbas is amongst some that are way out of his league.
Is this the fact you don't know who he is ,or is it a matter of knowing we were not the only ones who was being done by this lot???? ,.Read it below ,and you can see who put JZ in charge ….
Below was the answer i got from Paul M.....as you can see he had trouble with those lot except ,he failed to acknowledge he was behind JZ appointment ..
hanks for remembering me Gige. Well I'm still dealing with these imbeciles weekly with me still being guarantor for $14.7M of Westpac loans and no re-finance in sight from these clowns. They have defaulted my credit score in Australia by not paying bills on time. I had absolutely nothing to do with the appointment of PB and want all of them removed despite the lack of experience by the proposed guys. Yes I still hold a large portion of shares (just under 3%) but after nearly 3 years I should be able to get on with my life after your great Spanish mate screwed me over. So get back on your zimmer frame and feed the pigeons. As always Gige I am happy to have a phone call instead of your being the ultimate faceless keyboard warrior.
could it be PM .did anyone saw what he replied to me a few weeks back??????
I still think it’s been triggered by shareholder(s). It will prevent the directors from decision making and end up removing the directors which the EGM failed to do.
This implies it was the directors
Voluntary Administrations (VAs) allow insolvent companies to continue to operate, or, if this is not possible, they provide for a greater return to creditors than they would otherwise receive if the business was liquidated.
Directors usually instigate a VA when they believe the company is insolvent, or is likely to become insolvent (i.e. the company is unable to pay its debts as and when they fall due).
A VA appointment immediately suspends most creditors’ claims against the company.
The director or directors then work with the Voluntary Administrator to implement a proposal for the company’s future. This proposal deals with matters such as how the company will operate, what assets will be sold or retained, and how creditors will be paid.
This proposal is then put to creditors at a meeting, in the form of a Deed of Company Arrangement.
At Jirsch Sutherland we have extensive experience with VAs and can quickly and efficiently assess a client’s situation to determine whether this option is the best solution for their needs.
When a company is experiencing financial issues, it is a difficult time for stakeholders – both financially and emotionally. We believe that people need and deserve to be treated with dignity and respect and we work hard to save businesses where possible.
Jirsch Sutherland is passionate about finding the best solution for all stakeholders and our commitment to this has helped many directors and companies avoid liquidation through the use of the Voluntary Administration (VA) provisions of the Corporations Act
So why did they say this
The directors will, as a matter of urgency, investigate the veracity of the email and its contents and seek to resolve the situation as quickly as possible. A further announcement will be made in accordance with the AIM Rules.
Who is lying
“A voluntary administrator is usually appointed by a company’s directors, after they decide that the company is insolvent or likely to become insolvent. Less commonly, a voluntary administrator may be appointed by a liquidator, provisional liquidator, or a secured creditor.”
No problem jono I hope this helps !
https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-creditors/voluntary-administration-a-guide-for-creditors/
“Voluntary” - How does that square with the RNS? How did the directors not know??!!!!
“The directors will, as a matter of urgency, investigate the veracity of the email and its contents and seek to resolve the situation as quickly as possible. “
Thanks King, don't know how you do it but appreciate you posting here.
One word keeps sticking out and that is Voluntary.
Does this mean that Mrs instigated this and asked to be put in administration, because that's not what they implied in their rns.
FYI
Leading independent insolvency specialists Jirsch Sutherland appointed voluntary administrator of MRS Services Group
Their appointment extends over the following companies Holdings (MRS) Pty Ltd, Bachmann Plant Hire Pty Ltd, MRS Property No1 Pty Ltd, Management Resource Solutions Pty Ltd and MRS Services Group Pty Ltd, which is located at Thomas Mitchell Drive, Muswellbrook.
A first meeting of creditors will take place on Monday, September 16.
"It is now the voluntary administrators' intention to continue trading on the business of the MRS Services Group, which includes servicing its various customers and employing its current staff," a spokesperson for Jirsch Sutherland said.
"We're hopeful the business will survive and endure post-administration.
"The administrators are currently in the process of contacting and meeting with all key customers and suppliers to ensure continuity of the business."
https://www.muswellbrookchronicle.com.au/story/6369214/mrs-services-group-in-hands-of-voluntary-administrator/
Bob Hackett lasted less than 3 months as NED - interesting timing of exit.
NED role so important, particularly on AIM .
TJ is what he was before .he was already there when we had problems with PM ,whatever that was he simply ignored ,he just want his wages .ANTOFELLI fo… WHAT the suspension has got to do with us ???either than we being caught up again .and much worst on scams and cons ?? why do you think they wanted TB & NB OUT OF THEIR WAY ?? because it was the only way they could scam us out of our money without being stopped ..Simple ...LH was also used , but on the way they have to feel his pockets as well ,or he would not be quite ,,,,......well JZ still a listed in UK .
If that is true trout TJ is even worse than I thought, the level of financial mis management here is astonishing, I don't know if he has any professional qualifications but he should be chucked out if he has.
It is more than that, the Hermes loan was the first part of the refinancing earlier this year, it was a loan that allowed MRS to buyout the Bachmann loan.
So is it, they haven't been paying it and Hermes have called the whole lot in with interest?
If so, forget the EGMs which were entirely legitimate, given what the BoD and others did, but look at the cost of Alerion to our current cashflow, we may have paid for it in shares, but since then we have been paying for it to be developed and Talbott's wages....Means less cash and therefore they have missed payments on other things.
The only saving grace is that JZ, LH and the rest are caught up in this as well as other shareholders. However not fair that decent shareholders have been put through this due to the greed of a few...
Exactly Jono - and if they had issued the 26 million Alerion shares to raise cash instead of buying a scam Company we wouldn’t have defaulted on the Hermes loan and would still be trading
This all stems from the Alerion deal and the greed of a few individuals.
No egm's would have been called or needed if the people behind the Alerion deal hadn't
wanted free shares because they couldn't issue themselves cheap shares,IMHO.
Don't be fooled this is why we are paying the consequences.
hawk its not Hogan 100% pal for sure WAW
Im convinced its Hogan lol the way he answers to criticism
This mofo must be Hogan.
Anyone else think it?
Just for interest , noticed that shareholders list has only just had Macquarie Group interest removed , I check every other day, mrs informed on 15th Aug but website still saying list was last reviewed on 24th may!!!!
Now what's on the website is official so it should be correct so basically on the 24th may mrs must have known that Macquarie Group had sold, because that's what the review states.
They really are useless, no wonder Hackett bailed.
The website is an official document in a way so why not do things right .
But if they had said it had been reviewed in last couple of days it might look a lit different to the one on 24th may.
Maybe a lot different what are they hiding!!!!!
Someone sold maybe and not declared, bet we see a few tr1's in the future.