Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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....lesson learnt. Hopefully the likes of Duffin will face a hefty fine though I doubt it. He will reappear spearheading another 'marvellous ' company.
Sad to see a company with a good foundation to build on go through a few name changes and end up on the scrap heap, it was a big ask to turn it around in a different direction.
All those rampers and traders who bought in the troughs and sold on the spikes all based on nothing will be sitting at home smug.
Others have lost a whole lot of money.
Myself and a few others were shot down when highlighting the history and some of the issues going forward. Best listen to everyone and not get carried along with the crowd. AIM is high risk and even with everything properly researched it can go wrong, but this after the original name change was a big ask with little funds left.
What happened to the fertiliser sales?
Fingers crossed we get a turn around with Duffin sacked π»
Alot of wishful thinking, I would like this to be true. However the board have zero ability to bring any products to market. We have zero products, we have no cash, no competive personal at the help, no commercial revenue.
Simply the board knew they lost the vote, probably the legal team need more time, just a delay tactic and an excuse to get another months salary in the back pocket for liquidating a company. The nerve of these individuals is unbelievable. These guys are knee deep in trouble here , on the wrong side of the law. I hope for their sake they get something sorted here or they will find themselves with the boys in blue.
Time limited, should have more information next week latest. Process had already started and time is very important. Should be a quick resolve if true.
The 14th June Board update is a positive sign that is still some life in NNN body, despite being critically ill in the ICU. Secondly, its fate is still in the hands of the Board and not liquidators despite what our opinions are about the board.
As I said before, there are many moving parts in the NNN stock. All indications are, to put it mildly, the huge investments put in the NNN stock by the big boys and girls will not allow it go to the dogs.
The outcome is clear. NNN will live to fight another day but it will take time before it is relisted .. ours is to be patient and stand firm against any attempt to liquidate it.. Cave is on the side of the investors and will not allow anything short of NNN being resuscitated back to life..
Something to be cheerful boys and girls β¦.
Your vote has had some impact .. come on keep the fight β¦
A good read on the gov.CPS service.
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Fraud Act 2006, The
Updated: 16 July 2020|Legal Guidance, Fraud and economic crime
Introduction
Charging Practice
Overlap with theft and other offences
Drafting the charge
Use of cheques and cheque or credit cards
The borderline between criminal and civil liability
Arguments over Ownership of Property
Loss to a third party
The Offences
Fraud by false representation (Section 2)
Fraud by failing to disclose information (Section 3)
Drafting the charge
Fraud by abuse of position (Section 4)
Drafting the charge
Possession of articles for use in fraud (Section 6)
Making or supplying articles for use in frauds (Section 7)
Participation by sole trader in fraudulent business (Section 9)
Charging practice
Obtaining services dishonestly (Section 11)
Charging practice
Liability of company officers for offences by company (Section 12)
The Elements of the Offences
False representation
Untrue or misleading
Dishonesty
Gain or loss
Failure to disclose information
Establishing a legal duty
Abuse of a position
Possession or control
Article
Services
Obtains for himself or another
Evidence of spouse/partner (Section 3)
Penalty
Introduction
The Fraud Act 2006 (the Act) came into force on 15 January 2007 and applies in England, Wales and Northern Ireland.
The Act repealed the following offences:
Theft Act 1968
Section15 (obtaining property by deception);
Section15A (obtaining a money transfer by deception);
Section 16 (obtaining a pecuniary advantage by deception);
Section 20(2) (procuring the execution of a valuable security by deception);
Reference to "cheat" in Section 25 (going equipped).
Theft Act 1978
Section 1 (obtaining services by deception);
Section 2 (evasion of liability by deception).
These offences continue to apply for any offences committed before 15 January 2007.
When it is uncertain when a relevant event occurred and it may have happened before, on or after 15 January 2007 prosecutors should request that police obtain as much information as possible to assist in identifying the date on which any relevant events occurred.
In cases when the uncertainty cannot be resolved it is proper practice to put alternative counts on the indictment under the 2006 Act and the previous legislation. R v Bellman [1989] AC 836 held that mutually exclusive counts on a single indictment can be left to the jury where there is a prima facie case on both.
Charging Practice
Overla
Yep, total rubbish 100% , just another months pay in the bag for the incompetent board.
Of course be they haven't, given up.the salary... now that would be a normal , honorable action.
Considering this recent development, shareholders should now be presented with more information.
For example I would like to know the outcome of the vote. Why gas this not been disclosed.
Pure and utter codswallop from a man who's pretty good at it. Shame on you Duffin. FRAUDSTER!
TB getting his own back from being kicked out the worst thingxwe done he is a success and we would not be in this mess he get thing done,,,,selecta6 anything is possible , plenty of companies have come back from liquidation my friend , it has potential , nothing surprises me anymore .
Happy Days
Castle
Come on Castle.
Surely you've not been taken in by more Muffin nonsense.
There is no potential investor, let alone several.
He's just buying himself a further 2 or 4 weeks of time drawing his salary.
Let's see how this pans out , if the company gets picked apart and duffin get caught out !!
Excellent news anyway, thank you investor who ever you are , TB - volz ππ·π·π·π»π»π»πππ
Castle
Yep, just another jam tomorrow statement from Muffin. Let's face it, he's got plenty of form for this and the man can't be trusted. For all shareholders let's hope it's true this time and folks are able to rescue something from this shambles. Good luck.
Markn Duffin & Gareth Cave will never front up to investors. Just playing for time and getting a magic pencil out the pocket in readiness to apply for the court, now they know that shareholders will not back their walk off into the sunshine.
There will be no interest parties , the word several is always thrown around from Mark. Simply trying to get there position set out and they need more time.
Still accounts due in two weeks , tic toc tic toc.
I also wish there was an investor , however only a fool would beleive a single word or RNS here.
Well done all who casted their votes against all, desperado springs to mind. Itβs laughable in the sense they canβt get what they want.
Total lies , realised they lost the vote, delay tactics.
Load of garbage. I knew he would bottle it.
"Was this Duffin's plan all along."
Surely, he would have wanted the price to bomb on the day of suspension..rather than rise.
You bottler!
This stinks of them running scared from private investors....last min call.
Yeah..right!
Due diligence? Really? I mean how long will that take given there are no contracts, no sales and now no staff??!!!
It stinks. Duffers deserves to be made accountable
Well well well stranger things can happen'' and it certainly give us hope of a recovery, so i think we should all put the knives away and pray we get that investment, and the lifting of suspension so we can trade it again, and formally get out with something, all i can say is good luck BOD hope you guys can solve this funding crunch, so we can preserve these huge IP that is really needed right now to feed the world you know it make sense, and worth fighting for
GLA
Agreed Trisor.
Probably best for us PIβs not to make too many assumptions in this unfolding process, and to allow space for what is IMO a glimmer of light for Shareholders.
Let the process play out everyone. We may be pleasantly surprised . We may not. But we are in a better position than 4 weeks ago. I do hope everyone in the process will act in good faith
Duffin & Cave at it again, they no vote is against them, and pull this card hours before people have made arrangements to be at the meeting tomorrow . Bunch of cowards.
What's the timeline on this current play, why haven't they told shareholders again.. its just a delay tactic now they know they will have to go to court.
This all stinks.
i reckon so oddman - deffo failed it.
or it is duffin's own angel capital.
could also be a pi-led group - buy it for Β£1 - upside for duffin and co is no stain on their career recorded at companies house. i'd be interested in knowing what debts they have and what they ****ed the money on such that they also have debts.
Was this Duffin's plan all along.