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hope this guy is prosecuted.
https://www.***************************/nanosynth-group-deliver-great-results-and-gaining-huge-traction-video/4121084914
Probably same message I got#
Nanosynth Group plc - Voluntary Liquidation
What is happening?
The board of Nanosynth Group plc has announced details of a proposal to be wound up voluntarily and to appoint liquidators. The Company also intends for the Company’s shares to be cancelled from trading on AIM. As a holder of 1,535,000 shares in your SIPP you will be affected by the liquidation.
How will my shareholding be affected?
The company will appoint a liquidator, subject to shareholder approval at an EGM on the 15 June 2023. The shares were suspended from trading on 16 May 2023, so you are unable to sell your shares before the proposed liquidation.
How to find out more and vote
You can vote on whether the liquidation goes ahead online. If you’re already logged in to your account simply click here and select the ‘give instruction’ link next to the relevant shareholder meeting(s)
If you’re not currently logged in, you’ll need to follow the steps below first:
Log in online
Select ‘view shareholder meetings’ which you’ll find under the link to your secure messages
You’ll need to do this before 1pm on Friday 9 June 2023 so your vote can be passed onto the company before the shareholder meetings. If you’ve recently bought shares, it will take 2-3 days for you to be able to vote on these.
We’re not able to accept instructions by post or through the HL app.
How much will I receive from the liquidation?
As a result of the insolvency of the Company, it is unlikely that there will be any residual value to distribute to shareholders.
If you have any queries regarding this matter please contact us. Please note that we can provide factual assistance but cannot provide advice. The information contained in this message is based on our understanding of the Official Document issued by Nanosynth Group plc and should not be seen as a recommendation to take any particular course of action. The full circular is available from us upon request.
Yours sincerely
Mya-Leigh Sim-Jones
Corporate Actions
Boudicca,
If your broker is correct and they have been informed before a RNS release, then that would yet again be market abuse by NNN. If you have recived such info by e-mail, could you possibly, copy and post on here.
Redacting your personal info of course.
I have just received a message from my broker (HL) that the company are going into voluntary liquidation.
Oddman,
If all goes as we expect, IE get skinned, this is looking more and more as a story the media might be interested in.
I am already thinking about a TV programe such as 'Panorarma or Watchdog'
This group according to companies house have had more companies within their own group evolve and dissolved than the rest of the AIM put together. The latest dissolved company Resolve capital LLP ,Resolve Capital 5 ltd ,as late as 30th Aug 2022.
It's a nightmare trying to find out who's in charge, But Cameron Frazer Gunn seems to be a long stay in various concoctions of this company,
I wonder whose next to be dissolved.???
I have received the same reply as nofookingfear to my complaint re conflict of interest from a Chris Farrington at resolve.
As it I only sent my complaint yesterday, it shows that they are at least on the ball as far as replying to e-mails.
I logged in to the app, opened the account where the shares are held, opened the side menu (3 stacked dots on the RH side) and selected Help&Guidance - Contact us online - Email us - online form
Just sent my request to reject all , and they emailed me 3 working days later to confirm.
I'd say a call would be quicker. 0345 606 0560
Hi Rooky,
I totally agree; No-one can invest on the basis of misleading information.
The problem is we don't know if any of what they have said was true or if it was all a pack of lies.
I continue to think that the IP could be of value and the failure here is with the people running the company and not the tech but we will never know unless a proper investigation is done.
Ultimately the reactors are like little factories; You pile raw materials into one end and take the finished product out. If these can be sold for more than the cost then the operation should be profitable.
What would be to stop them running one reactor load at a time and only once a customer has paid to do it? If it's good for animal feed why not just do a deal with a local farmer? And then expand to several local farmers until the machine is at full capacity.
If they could get agreement with their creditors to hold off on liquidation they could potentially trade their way out of the problem the BOD has put us in IMHO.
I suggest anyone putting in a complaint with Resolve Group, mentions that a complaint has already been submitted re NNN with the FCA.
That might, just might, make Resolve think twice re their involvement.
Nofookingfear,
Thanks, will use it as a bit of a template,
I hope you did not think it was laziness on my part, it was as said, similar worded complaints I have found have more chance of success. The term, singing from the same hymn sheet springs to mind.
We don’t have a balance sheet. It’s a glaring omission
Has anyone thought to ask how much money has been paid in various forms, to the Nanosynth CEO? This is a straightforward question with a factual answer and a not acceptable would be to refer questioners to the accounts
If they are all mates, to put it into simple language it is possible that the disposition of assets could be influenced by prior relationships
Rooky there is a para 4 missing relating to the fact that Resolve are now administering the vote
Hi,
I am contacting you in regards to the recent decision that NANOSYNTH GROUP PLC have taken to appoint Resolve as their liquidators subject to this passing at the upcoming general meeting.
It has come to my attention that there may possibly be a conflict of interest pertaining to your potential appointment. I would like to formally raise a complaint regarding the following matters:
1. There has been a suggestion that Resolve has worked with Peter Gray previously in different companies. How can shareholders be assured that there is no conflict here? How can shareholders be confident that a full investigation into the ongoings of at the company will happen? How can shareholders have confidence that Resolve will determine whether decisions and transactions were in the businesses best interest? Please disclose to the shareholders the full extent of your relationship with MR Gray and any other persons related to Nanosynth.
2. How did Reslove come to the decision to advise Nanosynth to liquidate? Is this in the best interest for the company and shareholders? We were told in several Rns statements that there were potential contracts in development and trials and that these have been successful? Why did the Auditors not use going concern when creating the last financial statements?
3. As current advisors no doubt you will keep the shareholders appraised of any material developments that could affect the outcome of the general meeting, such as developments relating to credits, rebates, funding and investment in to the company.
Ultimately as things stand I have no trust in Resolve as an appointed liquidator or as an advisor. In addition I have no trust that the BOD is acting and has acted in the interests of shareholders and that would include the decision to appoint you as an advisor or as a liquidator if it came to it. On this basis I wish to make a complaint so that I can then raise this with the insolvency practitioner service and have them investigate correctly. I will also be contacting the relevant accounting bodies for the designated liquidators for this case as this is not ethical and needs to be investigated, with the relevant people held accountable.
Yes please do. The chairman is known to Resolve and he is a key figure in the company
Nofookinfear,
although I can formulate a complaint to ReSolve, is there any change of you posting a copy of the complaint you have already sent, as often a similar worded complaint (not identical) has a better chance of a result.
Do you really need me to draw you a diagram?
Moonwalk what does it matter whether they knew Duffin . Duffin is one director .
The key question to ask is, did anyone at Resolve, know Mark Duffin prior to the insolvency relationship between Nanosynth and Resolve. There may be an implied conflict of interest which needs to be investigated
Thank you for your email, below, which has been forwarded to me to investigate.
I am a Chartered Accountant and a Licensed Insolvency Practitioner with over 30 years’ experience of restructuring and insolvency. I am a Partner at ReSolve Advisory Limited and ReSolve’s managing Partner, Mr Supperstone, has asked me to investigate your complaint, which I shall do in an objective and unbiased way. I shall now review the relevant material and respond to you with my findings as soon as possible.
Yours sincerely
If the company was run as good as the science we all got a return on our investments. So yes if the company can put a funding package together including shareholders I will be putting in but I want the top end of the company changed
Many have received general responses from Resolve. Holder emails. If anyone gets a formal response to the complaint made then please post this.
Hi Callit,
i am sure they have approached several institutions for funding, but no doubt these institutions have carried out due diligence, and come up with the same decision as we would if the company had approached current shareholders for financing via a share offering.
Would any current shareholder increase their holding on looking at the companies record of misleading statements, not me that's for sure.