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Shame on you.could not run a huge potential mine despite of huge reserve with exceptional reserve because of lack of financing and mismanagement of our 40 years mining expert CEO .
The whole thing was a complete scum of some white collar criminals according to one of the PI.
Good luck to those who were benefited from rambler destruction and hope one day they will have to answer to some one in somewhere.
Taking a bridging loan was fatal. Desperate. And fatal.
Dear Naveda,
The whole point of my detailed notice to you as part of this process was that the Court-appointed Official Receiver would enlist a thorough independent investigation of the directors behind this despicable scenario. TRhe Board have destroyed the lives and livelihoods of thousands of people thought their greed and financial mismanagement and blatant misrepresentations when the company of such rich potential was already trading insolvent. Instead you have simply passed the liquidation buck to the very practitioner that the directors themselves had appointed. The small investors on AIM were wiped out overnight and the directors and secured creditors will come out whole on the firsesale and on the deals made on the restructured project.
The Official Receiver was appointed by the court to protect against financial mismanagement at board level on this scale. The process achieves absolutely nothing to proect the real victims on such a large scale and the directors will achieve a quiet liquidation via their own appointee.
It is clear that the Official Receiver is just another bureaucratic waste of taxpayers' hard earned money.
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The Official Receiver's office confirjmed to me that Begbies ahd been appointed as the liquidator. My response is below.
Leah16
Not a holder, but followed what has happened since the corrupt BOD put out the Rns of which on memory was around July last year.
Your post on the response was excellent & if there is any chance for holders to get something back then I hope you do.
Good luck
thank you ****nal211. this is just another dreadful example of the exploitation of "small guy" investors, creditors and employees by a corrupt management and other insiders. we have been shockingly let down by the system and i have simply tried to use the knowledge that i have to put up a fight. your kind note has made it feel worthwhile.
below should say ****nal221! technical glitches...
I now see why the asterisks keep appearing. It's because I am a Liverpool supporter. ;-)
Keep up the good work.
Amazing, isn't it, that the filter has no problem with poo (Liverpool), but does have with ars3.
Black on white:
https://docs.grantthornton.ca/document-folder/viewer/docul8LWsxcWho7J/4880856620380763689
Page 9
[34] The purchase price is insufficient to pay out all secured creditors. The unsecured creditors receive nothing.
"I tried to educate people on the asset value and said it was mostly worthless but constantly got slandered."
Why would people take any notice of what you say? Back when I first invested here in April 2021 you were ramping the crap out of this stock and talking of £3 share prices over the next year or two. You couldn't have gotten this any further wrong.
The lesson learned here is to not believe a word anyone says on a BB. So many ramps, charts and other comments from influential people and yet this turned out to be a turd.
That said, I blame the BOD 100%. They misled all of us and even the ramps were based on misleading information so I can't blame them. I probably even ramped it myself back then. We were all screwed over by the BOD, and the blame is firmly on them.
But please don't come here saying "I told you so" because you were spoonfed lies just like the rest of us.
The only thing I care about now is that the BOD face justice for misleading investors. I seem to remember the discord group had a lawsuit ongoing, but there hasn't been any updates. Maybe it failed.