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everything was lost for pi punters who got lured in by the BoD & rampers many
years ago. hepran, fonters, unclemonty, neo, squid, williams and all that crew
should be ashamed of themselves. FCA still investigating, but a meaningful
outcome from that seems somewhat unlikely imv given dawdling time-scale.
Financially certainly all is lost, the main protagonists have ridden off into the distance with bags of our cash. Just holding on to hopefully see those involved be held accountable. Conclusion of a FCA investigation is ‘imminent’.
Wow
Nosure why I looked in here , actually didn’t think this would still be active ! Why has it not been shut down . Everything is lost isn’t it ?
It's that time of year again for the annual liquidator's feesfest.A job for life .
24 Feb 2021 Progress report in a winding up by the court
14 Feb 2020 Progress report in a winding up by the court
12 Mar 2019 Progress report in a winding up by the court
I think my Whetstone are still Paper shares, I must dig out the certificate...
Mine were removed sometime ago, but these WRN shares are still shown.
The end is nigh..yup the same
Yes. The same. Also Halifax.
Received this Corporate Action today from Halifax:
‘We have received notification that the Whetstone Capital shares are no longer eligible to be held within the UK Settlement System. We have therefore removed the shares from your account’.
Anybody else ?
Thanks to All who have posted updates.... It seems
that the investigation is being well conducted with
some serious legal players being brought on board!
I doubt we will see any financial return but hope
all who benefitted will be prosecuted...
Kennedy Talbot QC
POCA Work & Asset Forfeiture - All Circuits
Star Individuals
Kennedy Talbot QC is a highly regarded silk who frequently handles civil recovery, restraint, receivership and confiscation cases. Clients include private individuals and financial institutions. His practice covers advice on money laundering obligations compliance and novel regulatory developments.
Strengths: “Talbot is the ultimate POCA expert. He always gets to the core of the issue no matter how complex the question.” “He is very reactive, very pragmatic and someone who really understands this area of law.”
Recent work: Represented the FCA in an investigation into the collapse of Worthington Group and consequent asset freezing.
https://www.33knowledge.com/latest-news/chambers-and-partners-rankings-released-for-2022
Thanks to both for keeping the rest of us posted.
I was once the victim of a carefully orchestrated fraud. Of a different nature to this (if that's what it is?), but fraud all the same. Justice took some years and a huge amount of effort (one of the reasons, I suspect, why authorities are reluctant to pursue this sort of thing); but it came in the end and I got my money back. I don't think we'll see a penny here, but I do hold a tiny hope that we will one day see some form of justice, whatever that may look like.
Merry Christmas and all the best.
i got the same i hope something does come of this
FYI, I’ve had this update from FCA yesterday. I have responded and basically expressed that this isn’t good enough and the shareholders and general public deserve more information.
Dear Mr Cox,
I hope this finds you well
Further to our correspondence in October.
I can tell you that the investigation continues to progress and the Investigation Team, of which I remain a member, now hope that any potential charges will be brought early next year.
I hope you and yours have a good and safe Xmas and I will update you early in 2022.
Kind regards
Andy
Andy Jones
Associate / Wholesale 2 / Enforcement and Market Oversight
12 Endeavour Square
London
E20 1JN
Tel: +44 (0)20 7066 9701
https://www.independent.co.uk/news/uk/crime/crown-court-manchester-airport-b1980931.html
Sorry wrong company
Anyone tell me when the new website is scheduled for, just seen their one at the moment along with their Twitter page and both haven’t been updated for sometime.
It was a bigger sell than that - £1.3m I believe.
still got cert in loft, somewhere. remember the day before this was suspended a massive £112k sell. just reading below regarding emails to convictions etc.
Now you have got me thinking!!! I'll have to see if I can track down any Worthington paperwork. I know it's probably all futile, but hey, for the sake of hanging on to a piece of paper and if any investigations are carried out and people brought to justice it may, just may come to something. I'll live in hope!
As far as I know, you didn't transfer or 'give up' your Worthington shares in return for Whetstone ones - you were gifted the Whetstone ones on top of your Worthington holding . So you have both. (Thinking about it, it might have been 1 free Whetstone share for every 10 Worthington shares held).
If you want some amusement, look at the WRN chat board over on ADVFN site. There's a group of people over there who have been handbagging (or is that manbagging?) each other mercilessly every day for years... not pretty! Think it's something to do with shenanigans over previous Worthington directors and the purchase / liquidation of Rangers' football club in Scotland and where the money disappeared to. Who knows? Who cares!
Coasting...
Thank you. I'll have a read back through the forum.
Thank you for this. I have the Whetstone Share Certificate so presumably he couldn't of got this without transferring his Worthington shares over. Oh well, I guess I'll just sit tight with the rest of you guys and hope for the best. Thank you for taking the time to reply.
Hello
Lots of information on this debacle. The starting point would be to sift back through the conversations here for the last decade.
All the best
If I recall correctly, some time after Worthington Group shares were suspended (they have been for years now) the existing share owners were offered 'free' shares in a new venture called 'Whetstone Capital' (you were even encouraged to buy additional ones as well!). Can't remember ratio of 'free' Whetstone shares to Worthington shares owned (may have been 1:100).
Whetstone seemed to 'fizzle out' (once referred to 'Whetfart' by one wag on here) and nobody has heard from Worthington or Whetstone in years - missing presumed dead. You can't trade either of them. Sounds as if your soon-to-be-ex is holding the original Worthington shares, just in case a formation of pigs is seen flying across the firmament one day, and offering to give you the corresponding Whetstone holding.
Hopefully other more knowledgeable people on here will be able to correct any misunderstandings I may have with regard to the above.
Good luck!
- Coasting