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Roger65, I hope this finds you well.
Did you manage to sell some of your holdings, or are you waiting to see what happens. Does your holding just carry over to the new "company"?
I would be intrested to see the video that you and a friend put together regarding VDTK.
All the best.
Thanks Adm04,
So do our shares transfer over to this new company
Hi Gunster.
The company has changed to be know as Earnz. The solar business was sold off. The new company Earnz has the cash from the sale and are looking to acquire a new business.There are more details in the recent RNS.
Sorry not been on here but what has actually happened.
My investment has disappeared from HL and vdtk gone from trading view.
Have they gone bust?
ah splendid, the new director's mates getting in on the action then. about to be fleeced again i feel....well, if you're a lth in verditek then you'll be well used to it by now. gotta laugh. maybe in 10 yrs time i'll get a few quid back from this heap of ****e
You cant' even trust this lot to get their dates right in an RNS! Says a lot about WHIreland.
We had an RNS correction stating the Meeting had been brought forward to Feb 28th. then in today's RNS it seems to still be on Feb 29th. WHI obviously really care about this one!
I wonder if the massive dilution of an extra 2.4bn shares comes before the consolidation?? If it's after then it's a bit like spending a day trampling all over an already dead body
Only 24 hrs before this farce is finally over.
If I ever see Robbing Richards or Gavin ‘mayhem’ Mayhew in person….
It’s not my video. Made by someone in my investment club. I’m getting a hard time from some who decided to follow me into this scam but they know I’ve lost loads more than anyone.
Roger, I'm looking forward to watching your video when this has run it's course.
Maybe there is a bright person out there who can use the video and expose these charlatans for their actions.
Some comfort for you.
I think what irks me most here, other than obviously losing over £100k, is that the BOD at no point have shown any humility for their failure and, just as Verditek is breathing its last, they don’t even attempt to make a show of trying to look after lths or achieve an end result that may provide them with even a morsel of comfort - lths who have already lost a fortune. It’s just horribly blatant and outright greed.
They cd buy them then have the company for at least a couple of £m rather than ask us to pay for the costs of them having it for nout.
Then there needs to be a buyer first ;)
If the Directors saw a way to get the sp up to .25p I’d just sell my shares at a loss and wave adios but at this level it’s daylight robbery.
I’d prefer to see the company go cheaply to Lindab for a couple of £m than what these rotten souls are trying. It really should be investigated. Rt Hon Lord Willetts definitely tarnished his reputation being involved and I’ll happily write to any press agencies to highlight what’s happened to see if I can generate something more damaging in terms of negative publicity for these ‘Directors’
Roger, Mr Richards is saying " please vote for my way or else it is likely that, potentially, I will have to consider something else". "Robbing Robbo" is running scared. I wonder if the GM is going to be pulled.
The smoking gun here is that they didn't conduct a proper competitive sales process for the operating company. They would have had cash flow forecasts indicating way in advance that the cash was going to run out, giving them ample opportunity.
Instead by leaving it right until the last minute, to the point where cash almost completely depleted, the impression is that they are trying to force shareholders' hands to gain the assets on the cheap.
Totally agree Roger. You took the words out of my mouth. Horrendous RNS. Makes me sick that they can take this blackmailing tone with shareholders. Won’t work and will probably make it worse. They’ve already shafted us with zero respect for what they’ve done to people’s hard-earned money; that’s already happened; if they’re not going to propose anything to actually RECOVER our losses, then the only logical thing for shareholders to do is to ensure that management go down with the ship. Must say I’ve lost an enormous amount of respect for Lord David Willetts over this. He’s totally tarnishing his name and reputation by having anything to do with this farce.
It is interesting to note that the threat actually comes from WH Ireland.
Rob Richards is probably reading this forum and gauging sentiment. The big shot would rather make an RNS about it then engaging with the shareholders directly. Weak.
Wonderful RNS which basically is a threat:
Please vote in favour so we can wipe you out quickly and without too much hassle on our part or…we’ll wipe you out anyway but it’ll just take a bit longer.
I suspect this RNS has been issued because they know the vote as things stand will fail. It’s a ‘do this or else!’ message.
They offer nothing.
Just my opinion but I have voted against because I fail to see any justification in the way share holders have been treated here by the Directors. If we go under then we all go together. I absolutely refuse to accept my money will help the Directors become rich whilst it’s mostly retail pis who have funded the company for the last few years. Crap management and underhand and decidedly dodgy objectives have been at play for far too long here and these directors should be sent packing empty handed.
Buying shares in an attempt to sway to the vote is an interesting one, whether it's worth paying a 33% premium to the placing that could follow is the thing, with risk it goes the other way regardless.
Sadly in these situations they don't tend to even call a vote without knowing in advance they've got decent shareholder backing. Whole thing is very fishy and does look like a classic PI shafting so sincerely all the best for a rebellion.
I’ve a feeling things are rather finely balanced with his vote and someone feels the need to have an extra 6m to ensure it goes their way. It hardly costs anything does it?!
I’ve been thinking of doubling my holding for bery little too make sure it doesn’t get thru
I don't know why someone would pay 0.10 for shares today when if this vote goes through they'll be issuing 400m shares, increasing the share count by about 75%, at a price 0.075 - a 25% discount from the price they paid.
Things are never what they seem on AIM so I’m unconvinced.
The only certainty here is that Gavin Mayhew and current Directors have done an absolutely terrible job and have been fighting between themselves to try and steal it from shares holders.
You do not usually add to your holdings and then vote to wipe them out.