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Through our SIPP 's and ISA's we all have made an effort to save for our futures and bar losing on POG my portfolio is still around 80% down. It's diverse and therefore tried to lower my risks but this war and our economic climate is crippling hard working individuals who try and to save for a rainy day.
Unfortunately it's not raining but one hell of a storm. However we can't let Putin win, because if he does no amount of money and profit in our portfolios will be of any use. It hurts but as a country we need to do our bit and help and see an end to this war.
This is clear evidence how today ministers don't give a damn, let alone fight for Britons... Thatcher went to war for Britons right to the Falklands and they were hardly worth more than Pog at its highest. Our Ministers go to war to sell us off -
Fair play for your persistence Lawrence. I hope it pays off, but realistically the government arent going to do asnything in my opinion.
I think that the fact my MP thought her cabinets destruction of peoples life savings could be made good buy a leaflet on Pension Credit, just epitomizes their detached arrogance and utter contempt for the people that have paid their salaries and fund their pet projects 9s just staggering, absolutely staggering.
GUYTON-DAY, Thomas
To:lawrenceTJ13@sky.com
Wed, 23 Nov at 14:23
Hello Lawrence,
Thank you for your email. I am very sorry to hear that you may have to sell your home and that you are struggling to live on the state pension. Can I ask, have you considered applying for Pension Credit?
You can find information on this here: https://www.gov.uk/pension-credit
Please also find attached the cost of living leaflet Sally-Ann has produced. It contains information on what support the Government is providing, alongside useful telephone numbers.
Kind regard
Tom Guyton-Day
Constituency Caseworker
Office of Sally-Ann Hart MP
Member of Parliament for Hastings and Rye Swallow House, Theaklen Drive, St Leonards on Sea, East Sussex TN38 9AZ
information regarding cost of living support can be found here: https://www.gov.uk/cost-of-living
lawrenceTJ13@sky.com
To:GUYTON-DAY, Thomas
Wed, 23 Nov at 15:39
Hello Thomas
Thank you very much for replying but IIRC pension credit is means tested with a cap of 16k However I think you can probably tell that myself and other shareholders are very upset about their losses. Petropavlovsk Plc wasn't an ailing company in a third world country. No it was listed (until the sanctions) on the FTSE 250 , our own highly regarded stock exchange. It also wasn't the Royal Bank of Scotland or Northern Rock where management culpability led to a dissolution of assest, no this was a pre war and sanctions company that was thriving producing and selling the asset that all will crave for in the future , above bitcoin.....and that is gold but now that 2 billion dollar's worth of assets and future wealth now belongs to Putin the man you claimed to be against. This will never go away . Can you blame us us. If this government had just thought out their 'sawn off shotgun 'sanctions then Petropavlovsk Plc would still be alive today and I wouldn't keep emailing you. As I've continuously said: not one virtue signalling with other peoples wealth cabinet ministers has lost one penny due to the UK sanctions. The UK must be on Putin's Christmas Card list.
Thanks for the dead end on pension credits , but if it hadn't been for your lot you wouldn't need to be offering pension credit advice
Thanks
Lawrence Jenkin
continued
investing and managing investments, based on their appetite for risk. I hope you will understand that the Government is not able to provide compensation from public funds for private investors who have suffered losses on their investments in circumstances such as these, nor to provide assistance with any compensation claims they may wish to bring against others. Please thank Mr Pieri for taking the trouble to write with the details his case. Kind regards,"
I would add this is total lies: it was the UK Government that imposed sanctions on a British Company causing it to go into administration, not the Russians. If the UK globalist government hadn't imposed blanket blind sanctions POG would still be here now.
Thanks
Lawrence Jenkins
Hello Petra. I have sent this to my TORY mp Sally-Anne Hart
Insult to Injury
Yahoo/Sent
lawrenceTJ13@sky.com
To:Sally-Ann HART,Thomas GUYTON-DAY
Wed, 23 Nov at 14:03
Hello all. Please find below a response towards another Pog share holder and please note it was a labour MP Mary Glindon actually supporting British share holders, not any Tory mp that I know of besides you bothered to even try. So much for the party of business and the small enterprising individual
"HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ Mary Glindon MP House of Commons London SW1A 0AA 18 November 2022 Dear Mary, Thank you for your email of 19 August to the former Prime Minister, enclosing correspondence from your constituent, Peter ****, of North Shields, Tyneside about Russian sanctions. Your email has been passed to HM Treasury and I am replying as the Minister responsible for this policy area. I am sorry to hear of the circumstances your constituent is facing in light of sanctions imposed against Petropavlovsk PLC. When imposing sanctions on businesses and individuals, the Government always considers how any impact to the UK can be mitigated, as we seek to ensure that sanctions measures are carefully targeted and avoid unintended consequences. If Mr Peter would like to read more about the Government’s approach to financial sanctions, HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has published a guide which can be found at www.gov.uk/ofsi. The Government recognises that sanctions can often have financial consequences not only for individuals and companies which are designated under UK law, but also for those who invest in or conduct business with them. Regrettably, while effective sanctions will often involve some economic cost, the cost of failing to take strong action against aggressive Russian behaviour in Ukraine would be far higher. All investments are prone to volatility and in particular may be affected when they are undertaken in areas with increased risk. I appreciate the understanding Mr P has shown of the purpose that sits behind these sanctions, although I am sure this is of little comfort in his circumstances. In the case of Petropavlovsk PLC, I understand that the effect of the sanctions was for the company’s creditors to call in its debt. Arrangements for the administration of the company and the sale of its assets were handled by professional administrators in accordance with the UK’s insolvency law, and approved by the High Court at a hearing in July this year. Details of the Court’s decision, with a link to the full judgement are available from the administrators on the company’s website at: https://petropavlovskplc.com/administration-news Unfortunately, the Government is not able to protect individual and commercial investments which may be affected by the development of geopolitical events such as these. Individuals must undertake their own due diligence when it comes to investing and managing
So "hope you will understand that the Government is not able to provide compensation from public funds for private investors who have suffered losses on their investments in circumstances such as these, nor to provide assistance with any compensation claims they may wish to bring against others.".
This is total lies: it was the UK Government that imposed sanctions on a British Company causing it to go into administration, not the Russians. If the UK globalist government hadn't imposed blanket blind sanctions POG would still be here now.
Game over ? You didn't even try.
"Count your blessings"
they're the only thing I have left to count and I won't use more than one hand
The only chance was shareholders sticking together trouble was the only group of shareholders that brought people together also was divisive, dictatorial and fractured any unity rather than build it. But saying that even with hundreds of determined share holders all understandably were /are loathe to spend money they don't have on very expensive legal procedures that don't promise anything. I still say the government placed us in this awful situation, yet they couldn;t give one iota about law abiding British share holders; in fact Rushi is out in the Ukraine giving coke sniffing gangsters morwe of our money and meanwhile illegal immigrants are housed in four star hotels with access to a GP twice a week. You try and see your GP once a month. No the politician and globalist who lets face it, have treated us the backbone of tyhis country with utter contempt. As I keep saying , not one ****ing Tory 'globalist' minister lost a dime out of the sanctions yet the sanctimonious &*nts lecture us (when forced to) how important it is to take a stand against Russian aggression and then handing Putin a gold mine as punishment for his misdemeanors-as they say you couldn't make it up. We now have a vacuum of government that actually acts for the good British people. Very stormy waters ahead
Many angles to this and many months or longer before all is resolved. Nothing is certain and therefore certainty of nothing is also premature. AIMHO.
Count your blessings all and good health.
To accept its game over.
There was never going to be nor will be any legal recourse or compensation.
It is what it is
Long runs the fox
UK Government attitude towards our losses in Petropavlovsk PLC.
HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ Mary Glindon MP House of Commons London SW1A 0AA 18 November 2022 Dear Mary, Thank you for your email of 19 August to the former Prime Minister, enclosing correspondence from your constituent, Peter ****, of North Shields, Tyneside about Russian sanctions. Your email has been passed to HM Treasury and I am replying as the Minister responsible for this policy area. I am sorry to hear of the circumstances your constituent is facing in light of sanctions imposed against Petropavlovsk PLC. When imposing sanctions on businesses and individuals, the Government always considers how any impact to the UK can be mitigated, as we seek to ensure that sanctions measures are carefully targeted and avoid unintended consequences. If Mr Peter would like to read more about the Government’s approach to financial sanctions, HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has published a guide which can be found at www.gov.uk/ofsi. The Government recognises that sanctions can often have financial consequences not only for individuals and companies which are designated under UK law, but also for those who invest in or conduct business with them. Regrettably, while effective sanctions will often involve some economic cost, the cost of failing to take strong action against aggressive Russian behaviour in Ukraine would be far higher. All investments are prone to volatility and in particular may be affected when they are undertaken in areas with increased risk. I appreciate the understanding Mr P has shown of the purpose that sits behind these sanctions, although I am sure this is of little comfort in his circumstances. In the case of Petropavlovsk PLC, I understand that the effect of the sanctions was for the company’s creditors to call in its debt. Arrangements for the administration of the company and the sale of its assets were handled by professional administrators in accordance with the UK’s insolvency law, and approved by the High Court at a hearing in July this year. Details of the Court’s decision, with a link to the full judgement are available from the administrators on the company’s website at: https://petropavlovskplc.com/administration-news Unfortunately, the Government is not able to protect individual and commercial investments which may be affected by the development of geopolitical events such as these. Individuals must undertake their own due diligence when it comes to investing and managing investments, based on their appetite for risk. I hope you will understand that the Government is not able to provide compensation from public funds for private investors who have suffered losses on their investments in circumstances such as these, nor to provide assistance with any compensation claims they may wish to bring against others. Please thank Mr Pieri for taking the trouble to write with the details his case. Kind regards,
Hello Email I too don't want to ,let this matter rest, but I've run out of ideas.
We must not let this matter lie to rest... after all if people are fighting for what they believe in the horror of a war it should not be that bad fighting for our rights
Very well put, Law.... You said what needed to be said very clearly
Why don't you shut the F up Russell. Even now you only name and blame two people who left when the SP was 41p, You fffing idiot. Pavel must be some formidable crook to organise the fall of POG from a state detention center , you tool
Russell Brand blames Peter and Pavel for everything. He countered my every post that warned the Bod, Stukov and Akimov were up to no good, starting with the share price falling from 41p in 2020 to 16p just before the invasion and sanctions; he would vehemently attack me saying I was a liar. I wasn't really invested and so on. To be honest my posts the last two years were akin to urinating in the wind. due to strukov and BoD apologist R Brand. Lets have a vote: who would like Peter and Pavel back if we could turn back time.
No too me the culprits are the BoD , Akimov, Strukov and Lioustiger, aiedd and abetted by a tuppeny halfpenny firm called Opus -who were looking for that big payday and our own incompetent conservative government/
Returning to the role of Opus who have helped a sanctioned nation Russia to actually bust the sanctions and gain a fantastic prize at the expense of ordinary and in the main British share holders and our useless Conservatives helped them. It's like watching those 'Stop Oil' protestors making life for ordinary people thoroughly miserable and the police ask them if they a comfortable, When I was involved in the News International dispute back in the eighties the police wouldn't allow any impediment to the public that was caused by the strikers and supporters , but here the police ask them politely if they need anything. Our government despite many of us sending our MP's emails, have done NOTHING, absolutely NOTHING, they know the bastards as I've had contact with three ministers, but they are contemptible of the honest tax paying citizens of the UK, iun fact they see us as mugs as witnessed by that prat James Cleverly's reply to me "You knew investing in Russia was risky"..
Our case is justified, our case is solid but there is no justice in the UK anymore for people like us.
Agree, it was a remarkable coincidence that the Kroll valuation was exactly in line with the amount owed to Bondholders. Funny how things work out. Can you blame Peter and Pavel for this though? They’d been gone since 2020. Not actively disagreeing necessarily, just like to understand your view a bit better.
Everything about the POG demise was blatantly fraudulent yet our Government, FCA and other so called regulatory bodies have done nothing, In fact our Tory shower of ****e did do something , they with their posturing sanctions handed our ****'s on a plate to those devious ****ers who wanted to steal POG and rob the ordinary share holders. I charge the Tory party and its ever changing cabinet with creating sanctions that they themselves never lost one penny from, they also reneged on promises with Gorbachev and have helped lead us to on behalf of their globalist masters to a very much colder and dangerous world. I don't count the Labour Party, greens and liberals as they are nothing more than 'useless idiots' akin to the character of Renfield in Bram Stoker's Dracula. There is a growing massive disconnect between the people and their confidence that there is a party in the UK that actually represents the views and wishes of the majority that actually have worked all their lives, paid their taxes yet are at the end of every queue that are now proliferating.
The country is becoming lawless and there is not one political party that will protect those that actually work and support without being asked all the **** that the politicians purposely favour and promote. Its all smoke and mirrors and for the foreseeable future we are well and truly ****ed
I emailed Nick Hood the day before yesterday and just received the reply with the main part being
"Dear Mr Jenkins,
The situation has not changed since we published the Administrators’ Proposals on 8th September, so we can still see no situation in which the shareholders will receive any payment."
My suggestion is that a 'commons select committee' should be tasked with looking into these matters and given a remit to check out whether shareholders SHOULD BE JUST EXCLUDED/frozen out... from being compensated for losses in such cases. Or can they recommend a fairer way of dealing with such cases.
doubtful. Was it not REMARKABLE that Opus `s original projections showed the amount realised from sale of the assets assets was EXACTLY the amount due to the bondholders. Who are these people ?
At the time of the rights issue the bondholders took none of the hit in contravention of the company`s dire situation and I said so at the time.
Shareholders have been played for mugs from the day the spiv Hambro set this thing up colossally assisted by the experienced scammer Pavel. The KPMG report showed clearly the methods these two used to fraudulently extract Pog`s profits but due to Ukraine, it proved to be a little too late.