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correction
sale was completed before liquidators were appointed
page 2 assets from letter 20180815 ref L/30/cej/ser02/1100
cat
seems our liquidator has sold the company for 20 grand
net £16,508
so there might be about 5 grand left for a party
sounds fishy to me
what are cascade doing
atb cat
will be interesting to found out if this was a scam from the very beginning
Bye bye, yes we PIs lose the lot again....... disgraceful
I actually feel robbed. Where did the Cascade investment go? Can you actually contact anybody who can at least explain where it was invested?
I'd say so, looks bleak here and they've even stopped updating their website with regulatory news since Feb.
we have lost our money? Another share were I followed the hype of the estimated value of technology and invested in line with Cascades investment
This feels like defeat from the jaws of victory. When the Cascade funding was announced, it was stated that some of the money would be used to repay debt. If that had been done, this would not be happening. Because they didn't do what they said they would- in an RNS- is there any legal standing?
Seriously, where did all the money go for this company to be in this situation? It looks like our investment tis now worthless.
No, it's not
Showing on Google?
Our money has gone
Further to the announcement released by the Company on 27 April 2018 the Company announces that the Court has agreed to extend the creditor protection period for SerVision Limited to 31 May 2018. This extension to the protection period follows a request being submitted by the Trustees to the Court and has been put in place to help facilitate the completion of the sale of SerVision Limited to a third party buyer. The Board understands that a meeting of creditors of SerVision Limited has been convened for 28 May 2018.
Change of date 31st May
It must be dead
Are we pretty much done here then?
here and now - do you happen to know if this can be done if the shares are held in an ISA
2seabass I agree with you, its a clever scam. They played it well.
What does GT get out of it? He's a shareholder.
For SEV to have ended up in this position I believe is a complete scam. With all the noise about Mobileye etc etc, I reckon Cascade's terms of investment was deliberately set up for this end game scenario - going cheap as chips.
yup f all expected otherwise royal shafting
Put the losses against gains on your tax forms. It is the only positive share holders will take out of this disaster.
If Cascade somehow see it worthwhile taking up some of their options, the LOL is back on. Hard to see that happening at the moment, though.
before the share was suspended, in 70% loss, glad it was only a small amount of money. Cant see this getting to double digits or anything positive happening. Will monitor this every now and then to see how it comes along. GL to all the holders!
I'm not sure how you can stay positive, It's either going under or a massive share issue