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I found this from British Virgin Islands Finacial Services Commission =
Public Statements
ERIDGE CAPITAL LIMITED
Tortola, British Virgin Islands - 5th October 2022 - The British Virgin Islands Financial Services Commission ("the FSC”) considers it necessary to issue this Public Statement in order to protect the customers, creditors or persons who may have been solicited to conduct business by ERIDGE CAPITAL LIMITED and to make the general public aware that the entity has been struck off the BVI Register of Companies ("the Register”) and has never been licensed or regulated by the FSC to carry on any type of financial services business.
The details are:
On 14th March 2018, ERIDGE CAPITAL LIMITED was continued into the BVI as a business company, having previously been registered in Jersey as NEW WORLD OIL & GAS PLC. https://www.jerseyfsc.org/news-and-events/new-world-oil-gas-plc/. The entity has never been licensed or regulated by the FSC to conduct investment business or any financial services business in or from within the BVI.
The FSC is aware of complaints circulating on various internet sites from investors/shareholders of ERIDGE CAPITAL LIMITED and wishes to make the general public aware that on 2nd November 2021, the company was struck off the Register. Under BVI company laws, a struck-off company, and the directors, members and any liquidator or receiver thereof, are prohibited from dealing with the assets of the company and from acting in any way with respect to the affairs of the company.
Members of the public are therefore advised to exercise extreme caution if solicited at any time to conduct business with ERIDGE CAPITAL LIMITED. The public is invited to provide the FSC with any relevant information on any questionable entities which are purportedly operating in or from within the Territory and on any improper activities engaged in by such entities.
The FSC has issued this Public Statement pursuant to Section 37A of the Financial Services Commission Act, 2001.
https://www.bvifsc.vg/library/alerts/public-statement-17-2022-eridge-capital-limited
Also a name change for Eridge Capital UK to Rapid Capital on 31/10/23.
Anyone wanting to contact Eridge Capital and can't?
I just found out my dad had shares in this company too. Not much, but still. Some investigations lead me to believe the Chief Executive of Kavango Reources is the same listed director of Eridge Capital.
Mathew Benjamin Turney -
bturney @ kavangoresources . com
I have got 2,000,000 shares with Eridge Capital but finding it hard to contact them. Does anyone have any contact details. Thanks
This share had TVR of 4,746,786,108 shares in issue in 2016. How come Eridge Capital UK now only has 1 with Ben Turney? What's happened to the Eridge Capital BVI struck off? Does Eridge Capital (UK) still have the 500,000 Kavango Resources shares, and if so who decides upon the voting for this company, BT? How come?
Started: SLIPERSHARE, 22 May 2022 14:09
Last post: SLIPERSHARE, 22 May 2022 14:09
Flip flops screwed yer coz it looks like he's dumped the secretary and run off with whats left of the goodies pmsl
Started: steve196, 18 Jan 2021 18:29
Last post: alamo55, 9 Sep 2021 10:28
Emailed, no reply, nothing, not even a penny drop!
Mmm your not the only one, I emailed 2 weeks back and still nothing.
But Ben emailed me on updates, but he's in the dark as to what is going on.
I option to hopefully get some money back, but I'm not touching wood, as it could be months yet.
There no time line
Anyone heard anymore about NEW?
I did email the email address below to get added to the distribution list, but i have received no confirmation or emails so far.
Thanks!
I email nwog and got a quick response from them saying the AGM took place, but only one person attended.
You have been told that he is offering 0.0021p per each of 4.75 billion shares, for every 1 million shares you have he is offering one non-voting share in a company called Eridge Capital UK.
Good question. I'd like to know too. Has anyone heard ANYTHING?
Started: Lithion, 20 Jan 2021 17:01
Last post: Ivornomoney, 18 Feb 2021 10:14
But that will probably be used to pay off the debt.
Eridge now have 500,000 shares in Kav.
Guys you all really need to get on the eridge mailing list if you want updates, there was another one yesterday....granted they seem very murky but at least you will be in the loop.
Email to get on it
shareholders@eridgecapital.co.uk
Don't think you can use losses here for income tax, but can use for capital gains tax.
Just wondering if any people here know if I can use these to reduce my income tax ?
Negligible value claims and Income Tax losses on disposal of shares
Do I need to sell them back under the possible offer? to the company or can I just put this on the return for this year? as the stated loss price (0.0021p/share)
Thanks guys!
Started: desamax, 30 Jan 2021 21:52
Last post: desamax, 30 Jan 2021 21:52
To see how the game stock short squeeze works out.
About time this really happened to the little folk.
option B is purely his way of transferring any monies to his solely controlled company and at the same time continuing to control all access to the records of the old company, so no one will ever know how him and his mates squandered £700k of shareholders funds. I intend voting against resolution 1 and most probably all resolutions- if there is an impartial count, hopefully he has to resign and some shareholders are allowed to examine the company records with a view to litigation.
Sheps85 was it really screwed by the NTOG CEO or was it a collaboration?
I honestly like to know. 'Cos anyone thinks going for option B can be trusted to recoup or all smelly?
So what are we looking at here? Do we hope to get anything back? Is it a loss cause? My shares are still registered on my account....
yep pot less, screwed over by the ceo, we know who that is.
Hi people , well if anybody out there, struggling to find any up to date details in Eridge and the investment in NTOG , are we still involved or are New investors completely pot less now . Any assistance would be greatly appreciated.
Started: sheps85, 26 Feb 2020 09:40
Last post: yoshie, 10 Jan 2021 18:41
Sheps85 post this on Twitter and other media for awareness.
Looks like whatever money left after BST repaid the loan of about £790,000 including interest and less the £100k to buy more BST shares the then remainder into NTOG who's CEO was his mate. Was that buying into NTOG a way of siphoning the money out for their benefits? Do Eridge shareholders think is a scam and cover up?
Is anyone going for option B which the one running Eridge going to go into more investments/opportunities?
he has conned everyone in this company for sure, now we know why he used our cash to buy into ntog board. no interest in us except for his own ends. forget this company now we have been double shafted by him.
Started: Shardster, 8 Jan 2021 10:40
Last post: art9, 8 Jan 2021 11:32
Just a load of cheating.lying sh..it...houses.conning tw...ats .hope they all go bust big nose cu...nts
If my maths is right that’s £21 for every million shares you own in eridge......not my best investment, that’s for sure
Everyone received the circular today? If you have over a million shares in eridge you’ll get something back.
ere are 4,745,973,608 shares outstanding in Eridge. This makes the break up value of Eridge 0.0021p per share.
Subject to shareholder approval, shareholders will have a choice of one of two options to decide what to do about their claim:
Shareholders will be able to email shareholders@eridgecapital.co.uk and request that the company buys back their shares at 0.0021p per share. This offer will only be made available to beneficial owners. For those shareholders that do not directly appear on the shareholder register they will need to provide evidence of their holding. Timescales and further procedural details are described in the circular.
Shareholders will be able to request to swap their shares in Eridge Capital Limited for “B Shares” in Eridge Capital (UK) Limited (a company registered in England & Wales). Shares of Eridge Capital Limited can be swapped for B Shares in Eridge Capital (UK) Limited on a 1,000,000:1 basis (i.e. for every 1,000,000 shares held in Eridge Capital Limited these can be swapped for 1 B Share in Eridge Capital (UK) Limited).
I totally agree, would like it to be finished, at least use the loss for tax refund. At the moment it is never going to recover with you know who running his scam.
Obviously sheps85 thinks not I’m afraid, and to be honest I think I agree with that assumption, I am unable to get a grasp of our involvement in Eridge and there dealings in NTOG as to whether we have any chance of a return, but I’m afraid that I and many others who were taken in by New promises of riches have been royally shafted. It would be nice if someone from Eridge would finally put us out of our misery one way or the other and I could close this book and move on with other investments. Sorry if this is not what you wanted to hear but I have no other information available . GL .
Started: art9, 11 Jun 2020 01:40
Last post: art9, 11 Jun 2020 01:40
Shafted by these C.....U.....N.....T.....S...... hope their b...ollloc..ks fall off the C....U....N....T....S
Started: Shardster, 21 Feb 2020 11:25
Last post: Shardster, 21 Feb 2020 11:25
Started: sheps85, 3 Oct 2019 18:36
Last post: Shardster, 17 Jan 2020 12:18
NTOG seems to being doing well lately (not) can we just sell out of it now before the whole company evaporates
has anyone also noticed the email updates we were getting from him on a relatively regular basis have ground to a halt
The only person who will get their money back out of this company will be Turney, he's probably claimed more back in salary, and expenses, than he's ever put in as a shareholder.
at least we know he is useless as a share pundit. Everything he has bought gone to rat sh--t.
Started: sheps85, 28 Jun 2019 09:42
Last post: Shardster, 18 Sep 2019 13:06
assume it is......and if by some miracle it does turnaround it will be a nice surprise. However if it does fall apart I hope people in the know forensically assess Ben Turney's actions since he took over so we know everything he's done has been in the shareholders best interest.
So is this all dead & buried ??
The fact is that the shareholders have been conned left-right and centre. Ben Turney is the worst of the lot because he came to line his pockets by pretending to be part of the shareholders interest group. Putting Eridge (NEW) shareholders money into NTOG and BST is a method of laundering money through their mates/groups .
Looks like ben turney bought another dead horse in ntog, bought at 2.5 now under 2. He is a waste of space, buying shares from his croney's was never going to work. he might as well bin the company and put us out of our misery. Big sofa what another dog he left our money in. what a shambles.
Started: GheeBhee, 5 Apr 2019 20:48
Last post: GheeBhee, 7 Apr 2019 22:15
I certainly don't blame them, not now I've read the last two updates anyway.
GB- the update is a rehash of the update done 12 months or so ago, basically saying the bod are ok to pay themselves and they can gamble shareholders money as they like, but they ain't going to return to shareholders anything because that would be risking themselves to personal liability. One has to question for whom's benefit the company exists, yes a rhetorical question the answer of course is messrs BT and his sidekick SL. From your post from Friday it appears the laundry machine is working at some speed. It looks like most shareholders have given up and who can blame them.
So he didn't update shareholders despite pushing out an email update, so I'm told, on 3 April, which is the same day as the relevant filing at Companies House.
https://beta.companieshouse.gov.uk/company/11321836/filing-history
Apparently BT has just bought out an Eridge Capital Limited subsidiary! Eridge Capital (UK) Ltd was set up a year ago by Eridge Capital Ltd to carry out investigations to support litigation activities. Then in December of last year ECL (UK) took over a company running a share commentary website from someone who had been appointed as a director of both Eridge Capital companies less than two months earlier. The website pushes NTOG (but not BST for some reason). It's now official that earlier this week BT bought the website owning company, Dynamic Investor Relations Ltd, from Eridge Capital (UK). That's according to Companies House but did Isas and Shardster know about this already from the recent update?
Last post: Shardster, 5 Apr 2019 17:02
More dilution over at NTOG.....you couldn't make it up
Started: SLIPERSHARE, 3 Apr 2019 21:15
Last post: SLIPERSHARE, 3 Apr 2019 21:15
"I think #AIM needs another burst of focused and effective shareholder activism; There have been some shocking events recently involving a number of companies, with shareholders being robbed blind" He would know! PMSL
https://twitter.com/Ben_Turney/status/1113350493248610304
Started: Shardster, 3 Apr 2019 13:26
Last post: isas, 3 Apr 2019 14:23
I am afraid the guy has no shame, he keeps on repeating the same thing over and over again, without completing any action or reporting any progress. How come you are able to run a company (pay wages, make investments etc.) but not return money to shareholders (their money) in form of dividends? so you can invest into high risk venture like NTOG and BST but not return capital to their rightful owners- if you are scared then you should resign. BT had given a undertaking he would consult shareholders on the future strategy, like other undertakings that still remains unfulfilled, but he is quite happy to throw/gamble our money in his mates ventures without asking our consent.
Looks like its a lot of padding to say this is heading downhill and quite soon
Started: Shardster, 28 Feb 2019 12:24
Last post: GheeBhee, 1 Mar 2019 07:52
I bet he's regretting letting Nick Lee convert £100k into BST shares and not just because of the abysmal SP performance and the rubbishing of founding management by its promoters. He could have used that money to go over 5% at NTOG and gain the extra shareholder rights. Oh and has anyone else noticed that NTOG has the same registered office address as BST and that Lofgran was a director of Paternoster when they bought their 8% in 2015? I don't think cynicism is a all out of place here.
a lot of disgruntled investors on the NTOG board about the way their share has performed over a long period of time......lies and false dreams (sound familiar?) this could be the end of our shares as well.
BT maybe taking a leaf out of Nick Lee's model, think he may well next take a seat on NTOG's board using Eridge shareholders funds to furnish his life style. It is time shareholders funds were substantially returned to them save for those required to pursue any pending litigation. There have been 2 Bod members who cannot carry out the basic of admin duties such as produce accounts and financial statements on time, only if they had any moral compass they should not be drawing any pay.
we have just bought a large chunk of NTOG shares......can't be any worse than Big Sofa surely
Started: BillyGoLucky, 20 Feb 2019 23:24
Last post: BillyGoLucky, 21 Feb 2019 19:08
Hi Chris,
Thanks for the info. Interesting that Barclays could produce a certificate.
------------------------------------------------------------------------------------------------------------------------------------------------------
Quote from my broker:
Each fund is different as to whether you can transfer out a delisted stock into own name. African Battery Metals you could but with Eridge Capital we have been informed that it is not possible. This is not a decision that is made by us.
As per my previous email, Eridge Capital needs to remain on the account until HMRC advise they are null & void.
-----------------------------------------------------------------------------------------------------------------------------------------------------------
I also have some Regent Pacific listed on the HK exchange (formerly PLE.AIM) shares in the ISA which is also causing the broker some teeth sucking when asked to liquidate these. Other brokers sent out share certificates automatically when they changed to the Hong Kong exchange, but not mine!
I've just asked the question to see if they can transfer direct to another ISA which will not cause me on-going charges as it's connected to my SIPP. I'll see what they come back with.
All in all I get the feeling that they want to hang on so they can gather in the increased fees that they are hoping to charge me in perpetuity from the 1st March!
Cheers
Bill
Hi,
I use Barclays Stockbrokers, they let me close down my wife's ISA and issued a certificate in her name for her NEW shares.
If your broker won't let you close down your ISA because you only have NEW shares in it I would buy some other shares and then ask them for a certificate for your NEW shares. Once you get it I would then sell the other shares and tell them to close your account.
Failing that I would transfer your holding to another broker.
ATB
Chris
I'm trying to close an ISA but the broker who holds the share certificate has said it can't be sold (natch) and they can't issue the certificate in my name.
Because I can't empty the ISA they can't shut the account until the company relists, or HMRC declares it as a negligible value share.
Boxed in, anyone got a way around this?
Thanks
Started: GheeBhee, 31 Dec 2018 15:43
Last post: GheeBhee, 19 Jan 2019 09:40
Since we both know exactly who each of us is you are not saying anything that you didn't say during the Reynolds and Lee regime. Your blatantly selfish and, worse for the rest of us, short sighted analysis hasn't changed.
Two external things have changed, though you may not have noticed them or understood their significance . Ben has since spoken out against the Reynolds regime, although he can't yet see/admit that Lee let him down further and for longer. He has also finally recognised that Cornhill, two years ago, pleaded guilty in a quasi legal tribunal to shafting this company and that there is there is cash to be recovered from them even with their new leadership. I'm pleased he is now pointed in the direction that I have steadfastly advocated since it became apparent that this suspect company had become effectively part of an extremely dubious and much wider enterprise in 2013. The written off Eur1m to Dr Alfahaid, the $4.8m from Niel Petroleum and the still unexplained legacy issue that caused Beaumont Cornish to force the de-listing testify to that. If only you had listened at the time I could now have retired to the golf course.
So, if not going after the advisers and directors for recompense of fees, then what are the most recent pairing trying to do? You and some of the rump must have information that is not made available to the vast majority of the holders of the 4.7bn shares in this company. Ah, yes! Re-reading your post I see that you do.
That was also aimed at GheeBhee and not isas - huge apologies Isas.
Not much to expand on apart from i fully support ben and stuart and what they are trying to do. What i dont understand is people still coming on here bashing the conpany. They need to get over it.... move on and find something else to moan about.
W1LLM- appreciate if you could expand a little on your comments. Holding 2m from way back and would welcome any return at this stage.
Your views etc most welcome.
Thanks in advance
Isas.... not sure you know whats going on and fully qualified to judge. I suspect i know who you are. Please can i ask you from someone who has a heck of a lot more money and shares in here to stop wasting your time the bod time and leave us alone now. You are like a stalker and it embarrassing please move on and leave us be. The directors have been voted on for a reason. I have complete confidence in them and so do alot of other high share holders. Please can you take up golf or something and move on with your life.
Thanks everyone who replyed to my question on news
Oh dear, they have invested £100k in BST at 17p and we all know what has happened there. As they are also he directors of Teathers we can probably guess where most of the other investments are too. COPL being the most recent candidate, though Teathers placings do seem to have dried up
I think that's what we were led to believe for 9 months, It appears that it has dawned on them finally to see that there is a straightforward case for pursuing the advisors of the company. But nothing is really clear they keep jumping adhoc from one strategy to the next. It beggars belief that they can't even get audited results out in time for what is a none operating company- the longer they keep going the more money they can draw out in pay to themselves. It would be interesting to know the current cash position. Hopefully they haven't done any stupid investing like BST. The cash should be returned to shareholders, it's not safe in their hands.
they are in the process of suing the former new world oil directors for their incompetence and fraudulent running of the company. I think good luck with that. possible outcome, new directors will keep taking a salary until the lights go out on this company. Advise, consider your investment lost and move on.
Started: jerseyjohnnie, 7 Dec 2018 10:46
Last post: jerseyjohnnie, 7 Dec 2018 10:46
Good way to rinse money.
AGM due by the end of December with both directors up for re-election. Will now have to be in the last week, because of the 21 days notice requirement, or slip into next year just like it was last year. Details will probably be published on the ********** and eridgecapial websites when the convening notice is issued.
Any one have any news with whats happening with these shares ? thanks you