George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Its not a silly question at all, I too have no idea what will happen to these. Will we still have to pay brokers fees etc ?
I am knackered after last night,I was woken up in the middle of the night in a London hotel, the type where there is a locked connecting door between rooms, by someone hammering a nail into the wall of my room. As I woke the hammering got faster and faster and was accompanied by a woman giving the carpenter very vocal encouragement. When the nail was finally secure I gave a round of applause and few whoops to celebrate....I should have had Overman there to chastise them Lol I hate to ruin anyones fun but if there at it tonight I want to share...is that what they say on twitter ...or have I got that bit wrong ??? PS I hate London.
I have about 82000 of XEL shares (which of course worth nothing on book now), I am just wondering what I can/should do now, perhaps I can claim back a little bit? or it may have a chance to be re-listed again n hence these shares will have a value again? It may sound like a really silly question I have never encountered this in my life, no idea what I should do
I wonder what I would put in a bath if I was a servant lol. I'm quite surprised you have a computer, does your servant not type out your letters on a typewriter?
Good luck
Any help will be highly appreciated.Help raise £50000 to finance the Legal Expenses of our claim to recover losses incurred by Afren Legal Action Group's members resulting from Afren's collapse. Please, go to justgiving dot com and search for Afren
BREAKING: Afren Shareholders seek crowdfunding to pursue directors in Court By Tom Winnifrith | Sunday 30 October 2016 I do not hold out much hope for this bunch and they should have heeded my oft repeated advice to sell their shares instead of insulting me. However it seems as if some Afren (AFR) shareholders want to fight on and nail the directors. In that - since I instinctively have no time for City fat cats I wish the Afren Legal Action Group (ALAG) the best of luck and if they can make the lives of directors who earned a fortune but failed more miserable this Christmas that has to be a good thing don't you think? ALAG has written to its members thus: We need to move and we have a legal firm happy to act. As you know Afren plc is now in administration, and we are concerned that we will not get any of our investment back. An offer was made to buy the company shortly before its administration (the “Offer”), but it was rejected by the directors (who were advised as such by the bondholders) and subsequently also by the administrators. We met recently a new company that claimed to have offered 30% debt cut, around $800m to buy Afren and commitments to drill wells to increase production. We believe that the Offer should have been accepted (or at least seriously considered), and we feel that the directors and subsequently the administrators did not act in accordance with their duties in rejecting the same. Presumably we are interested in bringing a claim against the directors and/or the administrators for the damage that my fellow shareholders have suffered as a result of the Offer not being accepted (i.e. flowing from the directors’/administrators’ breaches of duty). We would like to explore the possibility of making a pre-action disclosure application to the court. Presumably and based on the information we have we hope this will shed some light on the decisions taken by the directors and subsequently the administrators to reject the Offer. In any event, an application to the court should really be the last resort in these circumstances. We have been suggested in the first instance writing to the directors and the administrators and asking them for a full explanation of why they rejected the Offer, and for any supporting documentation (including relevant contemporaneous communications). If this request is unsuccessful, or the directors and administrators comply but the result falls short of what we require, we can then consider making an application to the court. The fact that a document request has been made of the proposed defendants should assist with such an application, as may any information that is obtained from the same. A legal firm could prepare the initial document request for us, and they could act on our behalf as the matter progresses. Please also let me know if you have any questions. We will share thee details of the legal firm in due time. We need funding for this strategy, around 1%
Oh dear me - so in your previous post you stated you were pumping the share now your saying you were shorting it - wibble !!
Don't twist my words Numptie- you couldn't run a bath let alone take over a company- now bugger off back to iii oh no you have already been kicked off of there !!
Please move on if you like. Please respect people who are putting on an honest fight as there are broader questions of trust , fair play and integrity still there. It does not need any pathetic day traders fighting for pennies and to be paid for trolling!So please move on.
Please move on!
Beyond belief - why do we get all the looney tunes on here ?
!3's loveless child...
Substitute 'parents' for 'boss' and 'spent too much time on the internet instead of doing homework'. Why do you persist in posting such drivel here? Was it not enough to get kicked of III, without needing to take the name here of a former antagonist there? This company is over, and really no one could care less about your own mental issues.
387 signatures at last check - let's try to keep it going http://www.ipetitions.com/petition/cancellation-of-xcite-energy-limited-and-xcite WJB
i can't understand how we ever arrived at this situation!!....i along with many others have lost a substantial amount of money...due probably to the incompetence of Rupert Cole and his cohorts....I suppose he'll only go forward to bigger and better things...with no retribution...for what has happened with Xcite.
The petition as I believe that the question of insolvency was well known up to six months ago and that the directors had an obligation to disclose to the shareholders
taken advice from him start @ 6.02 https://www.youtube.com/watch?v=C8Aht9ALqoE
Fully agree, but maybe too late to get gov funds.
aiminvestigations@lseg.com Have emailed this address as suggested and so far no autoreceipt (or bounce back) Is this the organisation that only reply on Wednesdays?
http://www.ipetitions.com/petition/cancellation-of-xcite-energy-limited-and-xcite Got a lass I know to sign the petition.. To face the hard times arising from what might be regarded as dubious activities you need extra income. I mean of course the income our Company Directors have taken from the pockets of shareholders to effect the destruction of what should have been a viable and successful company.
Though I still think a better petition would be against oga/decc to demonstrate guarantee or financial assistance under their new terms of reference for assistance in development of strategically important proven oil reserves in view of parlous state of xel/xer to be able to provide same.
Thanks, done, fwiw..
Duly signed.
Regarding AIM regulations, they are, with the best will in the world, useless - but please keep at them. A reply from one of 3 emails I sent them is copied below (all 3 queries were answered in the same text give or take a couple of words) They seemed to only answer on a Wednesday, no other day. I assume that was the day that the cleaner was in, and replied on their behalf after her weekly hoovering of the cupboard where the AIM complaints landed. Being unable to respond to individual complaints is a joke - a basic we have telephoned, emailed Mr/Mrs or whatever would suffice. A regulator not only has to be regulating the industry but also be seen to be regulating the industry. This lot don't. But as I said, keep at them. We can't let them off with a "nobody told me!!" defence "Thank you for your e-mail of 16 September 2016, copied below, and your further email of 20 September 2016 regarding Xcite Energy Limited. As you may already know, AIM Regulation is the department within London Stock Exchange that is responsible for the regulation of AIM. We can assure you that AIM Regulation investigates all enquiries made as regards the conduct of AIM Companies and Nominated Advisers in respect of their compliance with the AIM Rules for Companies ("AIM Rules") and for Nominated Advisers ("Nomad Rules") and takes action where appropriate. Please note that AIM Regulation's remit does not extend beyond the AIM Rules and Nomad Rules. Further information regarding the remit of AIM Regulation and that of other regulators and competent authorities can be found at the following: xxx As indicated, we can assure you that we investigate all enquiries which relate to the AIM Rules. However, you will appreciate that confidentiality is essential in maintaining the integrity of our work and, accordingly, please note that we are unable to comment on individual enquiries"