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if Hogan took a finders fee for the Alerion deal he is a fraud. he knew previously all about the company and there was no finding or checking of other companies. Especially when he clearly knew that at that time money was tight.
Thats where the company was miss managed, and fault clearly lies.
appreciated Petwilkinson
Bonsai
Anto .....Hogan is a fraudster ,he used all f us to back him p on sorting out the company ,when in fact he just wnated to line is own pockets ..He traded with Zorbas information , he got 30k for Alerion deal .....All sorts ..
hi bonsai -the chances of seeing any cash are slim to none ,unless mrs can put a rescue plan that the administrators would accept seems highly unlikely now as they have already rejected two such plans , the only other hope is that after the business is sold off ie the shed and the machinery and the debts are paid any money left would be distributed back to the shareholders .i can tell you now there will be zero left ,the cost alone of the administrator will take care of that ,also i know that the machinery was in very poor condition so mrs are going to get next to nothing for these ,the shed was valued at 9 million but if they got a million i would be surprised to be honest .you have to remember mrs net debt was 20 million in various loans add on admin cost of say 4 million and you see why this has no chance of coming back from the dead.
i did say slim -the only hope is someone buys the business as a going concern ,but i think that ship has long left port
but look at sirius - all looked lost until anglo am came to the rescue so you never know
like me i would put this down as a learning experience that when you see a bad management team and dodgy dealings such as the toy plane ,even though the figures say one thing (4.5 million profit) its probably best the steer clear , in the last 6 months i have stayed away from aim and it has paid off very nicely for me i only invest in companies that are making money and paying a nice divi .no more buying rainbows
gl to all
Everyone I bought a few shares in this 2 years ago.Could you clarify if the business has completely gone or is in some state of administrative polarasis-and is there any hope or no hope of seeing any cash.
Thanks.
Anto ….. If would care to read properly, PM called them to task ,because of their defaulted payments on the bills .Actually he could be the very first one who wanted them out ..Defaulting on his loans ??/ so i would imagine he had more interest than anyone else to kick their back... out of the door ….And also believe he was him who made JZ leave ……..He let him down....If you don't pay the bills on time whoever backs up those loans will be in trouble surely ,he would be happy to see the back of them .He posted it here he wanted them out ...
Anto ,the very first shares URU got from here ,was while this was suspended .Those shares were paid at above 15p while suspended ,Because Paul Mo... WNATED to sell and couldn't so Zorbas as good will gesture exchanged shares in URU for this ones ..But the price was 15p plus exchanged for URU at the time 3p ?? i think .Then Zorbas bought more at 5p like the others ..
Anto ..You are ill …..And who are the MRS majors ? the GM were by the none ex,,Directors both of them put money into MRS in order to save the company …….Trevor Brown was clever gone and sold it all //He knew the smell of rats inside out ...
Anto… Sod o... giving 30 k Leon Hogg for the failure for Alerion DEAL what planet do you come from ? that was pay for ramping the ****... out of URU ...nothing more they were both into the scamin..
Thats absolute BS.
What killed it was Zorbas & his cronies milking it dry for their own personal gain, paying a ridiculously amount for something that added no value to the business, not being able to finance the business.
What is your logic in saying he EGM's killed it ? I would say the boards inability to make the business commercially viable is the only reason, the EGM got called by investors trying to protect their investments & not trusting the board.
Zorbas may not be finished in London but his track record over the last 3 years is pretty abysmal, who in their right mind would trust him to deliver anything of value ? Recently he has failed at everything that he has got involved with and failed to deliver on his promises, while trousering a fortune in consultancy fees I might add.
Good luck if you continue to back him, I'd rather back Diane Abbott to win Mastermind
ANTO Paul M...is responsible for this .The brokers did not wanted Zorbas at the Helm ...They knew his capabilities .It was down to Paul M... NOBODY WNATED HIM ...
Anto ..track him down you must be kidding, is on the run .,.Is finished on London stock exchange AIM he can kiss it good by ...URU will close the curtains very soon …..
https://www.marketscreener.com/business-leaders/John-Zorbas-09532X-E/biography/Jack all trades, master of No..
Anto ,which one is the real ? this latest ..
https://www.bing.com/images/search?view=detailV2&id=40333BCBB6D590AA36786F437DE41E7DF453E7BA&thid=OIP.eSdBWJ2eHO9hVfpsIKbemgAAAA&mediaurl=https%3A%2F%2Fpbs.twimg.com%2Fprofile_images%2F715431664738967552%2F0hNgGbXv_400x400.jpg&exph=400&expw=400&q=john+zorbas&selectedindex=2&ajaxhist=0&vt=0&eim=0,1,2,6&ccid=eSdBWJ2e&simid=608049085105768783&sim=11
guys its water under the bridge now, my top tip for this year and a really well run company is opti...please take a look, you will be glad you did.
As always DYOR
Anto ...Do you want me to post how many crap RNS HE SENT OUT, Instead of refinancing ???? he was keep teling Bu.. sh.. to any RNS sent out ..He knew he was not capable to turn this around EVER …..what KEPT HIM GOINMG WAS Nigel Burton , that strayed a bit longer than Trevor Brown ….I knew the minute Nigel would step down he would be a goner ..Even to refinance you have to be credible within the markets, something they clearly felt he had none of it ...Uru is a guide for here was a guide .look the consolidation he went to do there , to make sure those who were looked in at 4/5 p , .Then saw that tumbled all the way to 0.30 ..Strange that at some point the share price was picking up from 0,85 to 1p plus ,and he rushed to try and stop the rise ???? it was done intentionally the way he worded the RNS .is a che… and a Li....
Anto..The problem here ,was w few or most of them did not believed what Align Research said at the time of the selling their holdings .I'm gone tell you what they said as they sold out around 11 p .They said URU history had a wait on their decision to sell their holdings ,as they could not see him being capable of take this any further ….Guess if the pi WOULD ACT there and then ,rather than retaliate ,we would be in a different position today...
Anto… So they stopped pay the loans backed by PAUL M....THE EX CEO because of GM calls ,.Can you ask them if they stopped pay their own wages as well ? and where did they found 30 k to give to that crook called LH ….
So clearly miss management, and not those that complained about miss management, although the company ultimately tried to shift the responsibility onto them.
Which demonstrated the lowest of the low standards, and their almost criminality actions which resulted in the debts not being paid, and those who held those debts would not have looked kindly at that kind of behaviour from a board which should be exemplary ....little wonder they in essence shut the company down, as being seen as "unfit to be in charge".
I find myself agreeing with you Antofelli,
If the scammers hadn't come up with the Alerion scam and pushed it through, then there would never have been any Alerion investigation and valuation costs and the legal fees for an EGM. So they are to blame......
Perhaps if they had concentrated on the businesses and paid their loan payments on time, there would have been no need for liquidation
Looks like the crooks will get their Christmas present and skim off the good bits for peanuts.
Absolute scandal.
anto...Nothing could ever be worst than mrs & uru ….
ANTO....
Anto...This man in Black, have been in power over two three years ,shall i reprint the RNS from the chairman ? ,If so why URU is SH... how many GM did they called there ? also why CAPTOR was suspended ,GM ? OR LUCK OF ACCOUNTS ?? YOU TELL ME ….