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Max hasn't got back yet and John is on holiday but I'll be keen to see their reaction. The main thing is all UK pog holders, PI's and any institutional one's that are left need to get on board with representation to the UK government. If it wasn't for their sanctions we'd be a lot higer in SP and less vulnerable to the Russians
Lawrence13<< Great idea, thinking about situation POG could set up a corporate action for investors to sign through brokers. This UK London company should be banging on the doors of every member of parliament right now.
Link
I would thing if John is genuine POG would be coordinating this approach/
As for the share register explain that again. An application to who ?
I was told to do an application but wasn’t told whether they would hand it out or not. John can’t give it to you, he referred me to them.
Just sent this tom POG
Morning all
Myself and other's plan to contact as many UK based POG shareholders as possible to sign a letter to our UK government Liz Truss and James Cleverly et.al to waiver the sanctions held against POG preventing it selling gold and servicing its debt. I would think you would be behind this but it needs to be done asap. You have the share register and could easily coordinate this on our behalf
What do you think ?
Lawrence Jenkis
@CWWX you wanted to write to the UK holders?
Anyhow I just spoke to https://www.linkassetservices.com/ and was told they now reside in Leeds However even after giving necessary ID they still wouldn't allow a share holder to look at the share register. We could ask max and John but I believe they wouldn't help but I'll try the only other route are the brokers like Hargreaves & Lansdown.
We should all team up and try to get our situation pressed home to what's left of the UK government
Same reasons as you?
Why did you want to see CWWX ?
I requested the share holders register. After 2/3 BS emails asking what company I wanted it for etc, when it was made very clear in my email, They then took a month to respond asking me to complete an application which would then be reviewed before a decision was made to release it. Also had to pay but at that point I’d given up…….
I had to go back 115 pages but I found it/
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inspection Of Shares Register07 Jul 2020 10:49
As you may know it was planned to visit https://www.linkassetservices.com/ tomorrow as I'm up in SE London and they hold POG's share register. Mdunsire was waiting for a response from POG's customer relations but so far I've heard nothing. It must be stressed that I know absolutely sweet FA about such matters. Anyhow as its Wednesday tomorrow I decided to call link assests and spoke to someone working from home. I explained it all and yes an inspection would need to be arranged through POG priorto a visit and a time made , when you get there its a data base and no copies are given, however I'm not clear whether notes can be made but to cut a long story short due to covid links offices are practically empty and no share inspections are being accepted at present. This could change in the coming months and if the court decision goes our way today then we have possibly 3 months to rally the troops. I reality its very data protected as you would know privy information and addresses I would guess of share holders. I would have thought POG has all this info anyway.
'@professor
i agree, me and another chap tried to do a similar thing to stop the bod being overthrown in 2020 but there was no enthusiasm here, in fact some actually welcomed the coup. anyhow one would need access the the share holders register which funnily enough was held by a firm just a mile from where I used to live. In Beckenham SE London to be precise. At the time it couldn't be done because of Covid restrictions . Again see how covid caused so much dysfunction?
Anyhow the thing to do would be to look at the share register and write to ndividual holders
Schalfenplanet<< Relax??? 90% sell off, substantial loss, imminent risk to default/fire sale.
Any LTH that wants action needs to write to complain now as clock is ticking and war is being dragged out.
Do it on my lunch
I am just throwing this aloud but is there a way each and every individual shareholder signature accompanies a SINGULAR letter of complaint
@schalfenplanet Remember the Royal Bank of Scotland how that was bailed out by the UK labour Party who were in power at that time.
"Us mere Civilian/ shareholders are only an after thought, it's the British foriegn policy that you are at the mercy off, if British business is suffering then policy will change x"
These things only change when people fight to bring it to the attention of the government and it embarrasses them . Our BoD I believe, want things to play out this way. Cameron our chair is friends with Everest's Liouistiger who proposed him for that position. Strukov is pals with GPB's Akimov who I still believe is pulling strings behind the scenes. I don't think there is one independent individual on the BoD that wants to fight for POG. People have said Strukov will lose out if POG is sold of. Of course he won't he will just hold 29% of an even bigger pie at the end.
The only thing that can thwart this is lifting the sanctions, I still belive POG would be in danger but at least we could all salvage something from this mess.
W£e are totally on the same page here, all those who stand to lose their money should immediately find their member for parliament and raise this matter and raise this matter It would be great if all this could be coordinated and underlined by real names of share holders who feel our own government has well and truly shat on us. I had to laugh at James Cleverly the minister for North America and Europe boasting about the coordinated shoulder to shoulder application of sanctions as his own cabinet was disintegrating as he wrote.
@finderskeepers23 I think you need to relax chap.
Wars do end, one way or the other.....authoritative regimes do get changed ( question when)
Us mere Civilian/ shareholders are only an after thought, it's the British foriegn policy that you are at the mercy off, if British business is suffering then policy will change x
We are a economics country , not a people country
I asked JM why they weren't appealing to local ministers about the company, no reply as yet. I did reference that they were quick to reference a firesale compared to Eurasia/Polymetal etc, anyway I have contacted ombudsman and reinforced my points to OFSI, however others do need to get off there laurels if they want something sorting, as so far the responses I have received have fallen on deaf ears, expecting investors to take massive losses and be grateful to stand with Ukraine. Like I say they want to ignore the elephant in the room, I also pointed out that long term Russia can pick up theses assets cheap now, nationalise them and further fuel the war!!! Is anyone listening???
I would also say finders that our own BoD seem to have sat back and not appealed against the sanctions themselves, its as if they want it to play out this way
Great post finderskeepers and fare more eloquent and knowledgeable than my efforts when you say
" it also mentions 'Companies that choose to do business with Russia must accept the risks,' totally ignoring that we were holders well before the war and that its a UK company."
It really is the crucial point : we weren't consulted, warned or even asked about this situation, no we were sacrificed in an exercise in sabre rattling and our own government who virtue pose over practically everyone else bar their own people who have tried to support themselves and not take handouts from the state , in fact the contrary . It's a disgraceful situation when so few have been asked to pay the price for global political action .
Lawrence13<< That letter you received sounds similar to what I received from the OFSI following a direct complaint to cabinet office, it also mentions 'Companies that choose to do business with Russia must accept the risks,' totally ignoring that we were holders well before the war and that its a UK company.
There is two stages to a complaint to cabinet office, since no negotiations emerging to help POG, I have raised a second complaint to the OFSI highlighting they are forcing a UK company into bankruptcy and wiping out UK shareholders, reinforced by the fact they have super seeded half of the code of conduct rules on the stock market under the umbrella of the word Sanction. Will it do any good, don't know??? But, I tried to ask them to get directly involved to help Petropavlosk work around the Sanctions or consider compensation for shareholders. It is unfair they want to ignore the elephant in the room...
I welcome others to make similar appeals, reinforcement is likely to get more imminent action, and imminent is the key word here.
contacts for complaints:
publiccorrespondence@cabinetoffice.gov.uk
fcdo.correspondence@fcdo.gov.uk
complaint.info@financial-ombudsman.org.uk
the US 2020 election was another massive fraud
"thanks sir, appreciate the off topic links"
Anything to remind me there are more important things than my 170K I've lost on this share and if I'd sold at 41p I would have banked 680k