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History is littered with futile causes and if we all give up at the first hurdle, who wins?. The only thing necessary for the triumph of evil is that good men (or ladies ) do nothing. not one of my lines but true none the less.
Bucky, have you joined sharesoc yet?
Bucky, can you tell us if the company goes bust, does the planning permission lapse, hence whomever buys it, will have to go to the council again. If there is no planning permission, what is gina going to get out of it.
Lazerus, you make good points and provide good suggestions. What I notice in general is that we are many, but acting as individuals. We need to get to one place and as Ambience states, sharesoc is the starting point. Once we get together we can start to make decisions about what to do. First and foremost lets get together. Appreciate if we can all spread the message. All the research we are making will all come in handy. Lets not give up at the first hurdle.
Scott, we need to stay concentrated with the message. We need to corral the troops and get a group going. Once we have one we need to stop the rot and any other valid issues, such as the one you are making, we can deal with later. We need to form a group with a voice. There is a lady on Sirius Facebook who is also having a call with sharesoc tomorrow. Maybe I can piggy back onto her conversation as I am sure these guys will soon be inundated. I'll try and get in touch with her.
By registering with sharesoc, they will have your details and hopefully be able to advise us how to proceed. I cannot imagne this is the first time they have done this. Ignore the moron, let him play on his own.
Speedy that is exactly what we need to do. Now lets get it done. Keep positive and keep posting.
Great. If anyone on this board is also a member of another board could you please copy and paste my message to that board. The more people we get the better. Do not by shy. If I do not get a response in the next two days from sharesoc, I shall ring them.
it is not, but rubbing people who are going to lose a lot of cash, not to mention sanity, is not helped by your deplorable responses.
Bucky if you think selling all the investors down the road was the type of strategic investor that means, then you are more of a moron than I first thought. Stop playing games. People on here have lost thousand of pounds of hard earned cash and you are playing semantics. You are one deplorable character. Try and make yourself useful and help out, if not just leave.
Obviously the moron is wasting your and my energies with his silly responses. That is exactly what Ambience meant bucky. If you cannot add anything sensible then leave.
This is exactly the reason why we need our own group away from this board. to get away from the morons.
Guys, you have stated my exact fears. A lot of talk and no action, that's why we need to galvanise. For now join sharesoc and present your point of view. We need to start corralling shareholders and getting away from this BB. The company are hoping that our current state of disarray will continue until it is too late. We must first and foremost know who we are and start communicating in a correct and orderly fashion between us. I agree Mio would be a great addition and I hope he joins and gets in touch.
I urge people intent on putting up a fight to register with sharesoc for now. We need to find a way of forming a like minded group away from this board where we can share ideas and updates without the whitenoise from here.
who tore the world apart and then had the audacity to hold out their greasy palms for a people funded handout. The people invested in this company now need leaders who will take their side and not the side of greedy. Apparently the buyer has the intention of putting the site on hold until they can decide what to do…..so much for looking after jobs in the area.
Therefore, the questions I am asking are:
1. Can Sharesoc galvanise and advise the shareholders?
2. We need to know how many voting rights we have as a collective – how best to get the list of shareholders willing to take the company on.
3. Are we able to do anything to stop this impending takeover before the final offer is made? People could vote NO I assume if an offer is forthcoming
4. Is there anything I or the other shareholders can do to help?
5. If this goes through are there any actions the disgruntled shareholders can take as there appears to be collusion and possible fraud (I appreciate the strong language, but stupidity on the part of the people in charge can only go so far to explain the situation we are in). I can imagine that a collusion and fraud case could take years and cost millions of pounds, funds that myself or most of tne shareholders do not have as our hard-earned savings are being redirected to the accounts of a 28 Billion USD company.
6. Are there any newspapers that would be willing to print the thoughts of the investors that are being crushed underfoot to bring the awareness of our cause to the people? I am sure there are many investors out there who are not on BBs and have no way of communicating with other members.
7. We need a forum in which updates are posted and communication is improved. We need better communication. This will help with collecting the voting rights we have.
8. I cannot see us being successful in calling an EGM and even if such is arranged, will there be any benefit. What are your thoughts.
I am willing to ring you to discuss this further. May I request your permission to publish your response on the LSE BB for further shareholder consumption and information and hopefully they will join sharesoc. I shall post this email to you. Getting a forum of investors willing to help resolve this issue is paramount. I look forward to your response.
(name is on the email header)
Dear Mark Bently and Chris Spencer Philips,
I am sure by now you have been bombarded by a number of requests from disgruntled SXX shareholders who, in my opinion, are being deliberately misrepresented by the Company CEO and the BoD. The problem that I am seeing is that time is running out and there is not one voice bringing us all together. Is sharesoc that voice? Have you been able to provide any advice, and have you set up a single source point of contact such as a WhatsApp group? BB's are good starting point; however, they are fraught with a range of opinions and trolls which often distort and dilute the message that we want to give out to the people running our company. To bring our opinion to the company’s desk, we need to be united as one and work as a team. Our company has been railroaded into a low share price ready for a pre-packed sale by a board of directors who have provided zero response to the issues being raised by the shareholders. Time and again we were assured by the CEO that past lessons with financing were learnt and that those mistakes could be harnessed to ensure that funding was successfully gained. We were told that we should have no problem getting funding especially after the review which brought the level of funding required to first production down to .6 from 2.8 billion. All that has resulted is time is now of the essence and cash is running out. Our CEO is hell bent on recommending a sale and has even had the audacity of including the predator on our website, even though a firm offer has not been made. Unfortunately, we are not aware of what efforts have been made in seeking other financing since the review was completed in November 2019. We are not being kept informed and we are being deliberately, again in my opinion, misguided. The CEO will provide his backing for the sale of our company to the apparent one and only interested party; which lo and behold is known to a number of BoD and the CEO on a personal level. Why are we not being allowed to fund the 600M USD required to de risk the project, even though, according to the potential buyer, there is no risk – probably invented by the BoD to explain away failure to achieve funding. There have been other issues in the past with what appears to be likely insider trading as the share price has risen or fallen sharply prior to an important RNS: this should be investigated further. However, the crux of the matter now is to stop the sale of the company to a company who have had apparent designs on us, slow down or mothball the project to a level where existing or new finance can sustain the company whilst the current BoD and CEO are removed in favour of people who actually care about the shareholders. To say this company has been mismanaged by an egotistical finance guru would be an understatement. We should have learnt from our mistakes in 2008, where the world was shown the true colours of the power hungry investment bankers,
Kind of illegal I think. Not you but a company owned by the directors of a bank who are supposed to help you get a loan sell off so many shares that the share prices drops 10%...mmmm. I think you might become a person of interest in the future.
Kind of illegal I think. Not you but a company owned by the directors of a bank who are supposed to help you get a loan sell off so many shares that the share prices drops 10%...mmmm. I think you might become a person of interest in the future.
I agree with you there bucky, but not when the company owning the shares creates a 10% drop in the share price hours before the close the day before the famous RNS. That is not covering your bets, that is either damned good luck or insider trading. Up to you which you prefer. Everything about this share seems strange. What are you doing here bucky. Been here since 2012 bashing a company you do not own!! Or maybe you did not bash in the beginning. I read one of your posts the other day which made me think you are not who you say. Ex soldier working in a call centre for BT or whomever. And yet when talking about Gina Contract with SXX you go into detail and talk about novation. Even the spell check underlines that word and unless you are legally trained, it's not a word Joe blogs would use. BTW your summary was accurate.
yellow. no one will view us as aggressive. All we are doing is fighting for our rights.
vote no and keep the company. there is still time to close things down and preserve capital.