The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I've sent the following if anyone else wishes to copy and paste and email to Companies House:
WHETSTONE CAPITAL GROUP PLC – Company Number 10905791
I request that the above mentioned compulsory strike-off action be stopped due to my following rights as an investor in this company:
1. I Have not been told about the company’s decision.
2. I believe the directors may have broken the law, for example tax fraud.
It appears that this company was formed as a vehicle to divert investors’ and financial authorities’ attentions away from financial misconduct in another company – Worthington Group PLC / Company Number 00527186.
It is blatantly clear that all people involved in the formation and following events of Whetstone Capital Group PLC had completely dishonourable intentions towards private investors and the Crown.
There has been no communication or information made available to private investors or the General Public by either the Company or the FCA with regards to both Worthington Group PLC or Whetstone Capital Group PLC.
In the filing history of Whetstone Capital Group PLC you will find a full list of people who will be defrauded if this company is dissolved with no recourse to the directors of the company who are knowingly managing this situation and using the system to facilitate their dishonesty.
Please see filing:
application-pdf
I reiterate that there has been no official communication from either the Company or the Financial Authorities with regards these companies and therefore a decision to strike-off can not be made.
https://www.gov.uk/object-to-a-limited-company-being-struck-off
Yes, Whetstone.
If I were you I'd try a simple phone call - if you can find a number. But as you say, it's probably not worth it; the money's gone and the whole thing absolutely stinks.
Which company - Whetstone? No.
Others seem to be in contact with the authorities and i believe there was an investigation but nothing came of it.
If it's a simple thing to do I can do it, but if it takes lots of time and paperwork, I just don't have the energy.
Have you tried to contact the company?
You have until 10th October to stop the process, after which it will be wound up and all remaining property (if there's any left) etc will belong to the Crown.
I do. I lost £6K here. I would love to see someone held accountable. If someone can point to a case where shareholder have successfully done so, because I can't think of a single example. How far did the QPP class action suit get, for example?
Yes, people obviously don't care about their money. Quite extraordinary.
*I'm surprised shareholders haven't commenced some form of legal action.*
Too much hard work, too little chance of success.
Happy chilled & relaxed
Yes it can, provided the company or any other party with a legitimate interest, can demonstrate good reason for it not be struck off. As it stands, the company has made no such appeal and if that continues to be the case I think it's fair to assume they don't care. I'm surprised shareholders haven't commenced some form of legal action.
Can the strike-off be stopped?
Is there still an investigation?
10th of August Companies House issued a notice for a compulsory strike off for Whetstone. The accounts are are overdue by several months.
I'm sure the shareholders would like to know what happened to their money.
Don’t expect any of those involved to be held accountable as they’re very adept at sailing extremely close to the wind.
Unfortunately their skills have never extended to running successful companies that create shareholder value.
Time to stop being whet behind the ears.
ONLY ANOTHER 19 YEARS UNTIL THE INVESTIGATION IS COMPLETE, ANYONE SEEN HONG KONG PHOOEY.
i meant, lse admin.
Have they at long last gone into administration?
admin.
Spikey The characters you mention there looked to have been part of the dawn chorus of pump and dump .Naive not a word I would choose .
When they chose Rapid Nutrition as acompany to spin that must have ticked the main box I imagine the conversation went something like this
Let's choose something where no investor is likley to turn up and have a poke around. How about the middle of Queensland .Australia with a "substantial " investment in S America
They aren't going to fall for that! .Yes they will
Nice one get the beers in, Its a long old schlep from Keighley LOL
Spot on Jack. Throw in Chapman and Biggar and you are lucky if you are left with your y fronts.
Greed for some Spike, but naivety for many. Earley has targeted naive investors for years. Target the naive with special deals only for them, nudge nudge wink wink. String the naive investors along for years and years until once they realise they’ve been suckered, apathy has set in.
greed, addicknt, greed.
a few of them will have learnt their lesson by now, but it was an
expensive one. - most of them, like hepran /fonters / neo99 /
unclemonty etc will just keep falling for the same kind of stuff
in future because they don’t want to accept that they were had.
I note the accounts for Whet are now overdue. I wonder if any of those who were persuaded to invest are doing anything to find out what happened to their money. And what of Mr Earley -$2bn of deals all ready and lined up to go, and his role in this affair? How/why did anyone believe this stuff?
Chances are close to zero.
Chances of getting any money back are zero.
Those of us who missed the chance to sell for something when WHET appeared only have ourselves to blame.
Back to sleep all.
Investigation is ongoing
how long ago did the FCA tell you that, cadis?