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List of taxpayers declared bankrupt. State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan
Decision of the SMEC of Almaty city No. 7527-19-00-2 / 17614 dated 06.12.2019
---------------------------------
Below are debt proceedings. Small amounts but it's very long list and I haven't posted everyting.
Total debt (tenge): 560 129.25 tenge
Total debt to the budget: 0.00 tenge
Debt on compulsory pension contributions, compulsory professional pension contributions: 207 182.59 tenge
Debt on deductions and (or) contributions for compulsory social health insurance: 18 810.37 tenge
Debt on social contributions: 39 250.78 tenge
State Revenue Authority: Republican State Institution "State Revenue Administration for Almalinsky District of the State Revenue Department for Almaty City of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan" ( 600701 )
KBK: ( 104401 ) Tax on vehicles from legal entities
Total debt: 7 986.38 tenge
State Revenue Authority: Republican State Institution "State Revenue Administration for Almalinsky District of the State Revenue Department for Almaty City of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan" ( 600701 )
KBK: ( 904101 ) Receipts of deductions and contributions for compulsory social health insurance
Total debt: 18 810.37 tenge
State Revenue Authority: Republican State Institution "State Revenue Administration for Almalinsky District of the State Revenue Department for Almaty City of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan" ( 600701 )
KBK: ( 105316 ) Fee for emissions into the environment
Total debt: 3 692.65 tenge
State Revenue Authority: Republican State Institution "State Revenue Administration for Almalinsky District of the State Revenue Department for Almaty City of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan" ( 600701 )
KBK: ( 101201 ) Individual income tax on income taxed at the source of payment.
Total debt: 147 240.76 tenge
State Revenue Authority: Republican State Institution "State Revenue Administration for Almalinsky District of the State Revenue Department for Almaty City of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan" ( 600701 )
KBK: ( 902101 ) Social security contributions
Total debt: 39 250.78 tenge
State Revenue Authority: Republican State Institution "State Revenue Administration for Almalinsky District of the State Revenue Department for Almaty City of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan" ( 600701 )
KBK: ( 103101 ) Social tax
Total debt: 135 965.72 tenge
State Revenue Authority: Republican State Institution "State Revenue Administration for Almalinsky District of the State Revenue Department for Almaty City of the State Revenue Committee of the Ministry of Finance of th
uncertian .... my post was highlighting the problems to come ... they came sooner and deeper than even what I antcipated.
KO's KazSmartEnerKon and STK geo have both gone bust. The troubles started two years ago for KazSmart and we provided them work (nearly $4mil each year - read the accounts) . KazSmart lost a case recently against Frac Jet LLP (creditor) which appears to have been the final nail.
KazSmart cancelled the MJF workover in Oct 2019 due to financial issues (check e-license). We bought the rigs and that's why in the accounts they mentioned we were starting up the workover program again.
The oil traders know KO is in trouble (businesses can credit check each other) so they want their money back. Casp is being buried in taxes and oil debt and production from MJF isn't covering it.
Kazak investors have known this from day one, hence they dumped stock from Sept 2019 onwards.
KC Caspian Explorer LLP is in similar trouble where workers have brought a case against the company for non payment of wages. Hard to translate russian but that's my understanding of the proceedings.
Here are the cases for 2020.
# 1
Act number: 2340-19-00-2 / 322
Judicial body: Indersky District Court of Atyrau Region (General Jurisdiction)
Participants in the process: Limited Liability Partnership "KC Caspian Explorer", KUTHUJINA MAYRA SABITOVNA
Category: DAMAGES DISPUTES
Status: denied the claim (statements, complaints)
# 2
Act number: 2399-20-00-2a / 329
Judicial body: Atyrau Regional Court (Appellate Instance)
Participants in the process: Limited Liability Partnership "KC Caspian Explorer", KUTHUJINA MAYRA SABITOVNA
Category: DAMAGES DISPUTES
Status: the complaint was dismissed
# 3
Act number: 7527-19-00-2 / 18146
Judicial body: Specialized Interdistrict Economic Court of the city of Almaty (Civil cases (part 1 of article 27 of the Code of Civil Procedure))
Participants in the process: Debt Bureau LLP, KC Caspian Explorer LLP
Category: DAMAGES DISPUTES
Status: denied the claim (statements, complaints)
# 4
Act number: 7599-20-00-2a / 3346
Judicial body: Almaty City Court (Appellate Instance)
Participants in the process: KC Caspian Explorer LLP, Debt Bureau LLP
Category: DAMAGES DISPUTES
Status: complaint satisfied
Uncertain
You seem like a wise person and my friend needs some advice .... what would you do in this situ?
You fancy yourself as a bit of dragon and invest in a local mechanic 'Numpty Ltd' who wants some cash to buy tools and equipment in exchange for a 25% stake in his company.
The mechanic doesn't do a good job of growing the business and you invest more until you end up a majority shareholder. As his customers dry up you start sending cars from Uncar Rentals Plc, where you are the CEO, that need repairs his way.
This "related party transaction" lasts a few years and you realise the mechanic couldn't fix a tricycle. Your cars come back worse than when they were sent to the mechanic and now your customers & shareholders are angry about the quality of cars you rent out.
Numpty Ltd is now in debt and you know the bailiffs will come knocking. The only thing of value left are the tools and equipment that he bought with the cash you injected in his business. You quickly transfer the equipment to a friend's name 'Mr Dodgy' who is a ghost so you know nothing can be traced back to anyone.
You then get Uncars Plc to buy the equipment from Mr Dodgy in exchange for Uncars Rentals Plc shares and tell your shareholders that you were thinking about opening up a services division anyway. You push the deal through just before Numpty is declared bankrupt and all assets seized .... but the tools & equipment are long gone …
The bailiffs get nothing but Numpty's creditors aren't happy. You never intended to make enemies ... but oh what to do...
Should he come clean to the shareholders. Asking for a friend
desert1 .. Microsoft didn't see an opportunity in a web browser, search engine, social media, video streaming, online shopping ... it's a long list.
Usually the big companies let the little ones fight it out and then just buy them (if they spot them early enough).
Nobody saw the potential in Netflix or Amazon in the early days.
The Netflix story is nothing short of amazing. $990 at IPO is now worth $340,956.
https://www.investopedia.com/articles/active-trading/081315/if-you-invested-right-after-netflixs-ipo.asp
This isn't about pushing a product. Ultimatey this is all about Tom. Does he have a vision of the future and can he get the world to get on-board with that vision.
I can't say anything about the short term sp movements. It's fun to trade ..... for a while. I like a challege and I want to know if I can spot the next Netflix or Amazon as early as possible.
There is a digital transformation coming in healthcare. It will have 3 things in one package.
Telemedicine (Bleepa)
AI (Texrad)
Blockchain health records (missing).
My only concern with FDBK is that they still think of themselves as imaging only comany. They need to think bigger.
The person who has that big vision is the real threat. Not Micrsoft or Google.
This deal is worth 100x more than £3mil to feedback.
The £3mil is just a kickstarter fund (for the first two years) for NHS orgs to quickly adopt the tech without spending their own cash. It's not a cap. There's nothing stopping them from buy more out of their own pocket.
Bleepa saves money on every key metric important to the NHS.
Here's one metric
There are 150k beds in the UK costing £2.25B / month to run. If through using Bleepa the NHS can provide the same service with 140k beds, then thats a saving of £150mil/month for the NHS.
Even if Feedback charged £50mil/month to deliver these savings the NHS will be saving £100mil.
That's just one metric. Now do the math on referral savings.
Of course this is not going to happen tomorrow or even this year. But that's the prize on offer.
Even Amazon started by selling one book! And now they made more profit in the last quarter than they had in the first 15 odd years since the IPO.
It'll snowball from here for FDBK and they have £5mil in the bank already to push this through.
yes well done JB. I can only imagine the ones they didn't publish.
I think they do get the hint. They don't want the SP at this price as they can't do future acquisitions without some serious dilution.
Disingenuous response on the seller. They know who it is. The two people who had above 3% who no longer appear on the shareholder register as per their website.
"In general though when we get ongoing sellers, which will happen from time to time, the position generally corrects itself relatively quickly, although this episode seems to be taking longer to correct itself than on previous occasions."
In another words, UK investors saw the annual pump & dump pattern and sold before the seller could get going driving the price down to 2p.
Only solid ops results will kick this back up.
Everyday that they don't use that £5mil to create value the market will price in the dilution.
#ODX's decline (from a poorly worded RNS) has now seen a 100% rebound after they did a great investor presentation. FDBK could learn a thing or two from that.
Numbers matter and FDBK have given the market sod all.
the casp sea is landlocked but can the rig be dismantled and transported by road (INSTC) was my question.
https://en.wikipedia.org/wiki/International_North%E2%80%93South_Transport_Corridor
It's just down the road across Iran. Come on Kuat, get on the phone to the Ayatollah ... do I have to do everything myself.
Ezhik .. it's in the AR. Take your pick.
"Our G50 rig is now in position to replace a broken link in the tubing before we attempt to re-commence production at rates more expected of a deep well."
".... mobilised our G50 rig, previously in use at New Well 153, to continue the work at Deep Well A5."
"Our G50 rig is now on site to replace a cracked link in the tubing, following which we will once again attempt to get the well to flow at rates expected of a deep, high pressure well."
uncertain it's an upper limit so they are not saying that it will definitely produce that. When production goes above a certain threshold different rules apply so it's just a way to let authourities know. They might even over estimate because If they exceed the stated production then license needs a formal amendment.
I'm more intrested in the operational trend rather than absolute numbers.
Another interesting thing is that they are using the gas from MJF for heating furnaces and gas power plants
"Utilization program implemented at Elemes North-West
produced gas, which is a decrease in negative environmental impact and
more rational use of hydrocarbons. Associated gas fields
It is used as fuel for heating furnaces and gas power plants. Technological
development indicators of the Elemes North-West field for 2020-2021
presented in the agreed “Suprasalt Raw Gas Processing Development Program
of the Elemez North-West deposit complex for 2019-2021. " (Protocol No. 1 working
Group of the Ministry of Energy of the Republic of Kazakhstan dated June 7, 2019)"
It's double what we are on now which around 48,000 bbl/month ... so around 3500bopd.
We know from past performance that they've always dreamt big e.g. they planned for 7 deep wells by 2022 but always fail in the most painful way. So cautiously optimistic is my sentiment.
An informative license on the kaz matrix if you like the technical details.
They are projecting 154.1 thousand tons of production for MJF 2020 (about 100,000 bbl/month)
Elemes Yuzhny at 10229 tons. My russian not that good but I think we might be very close on that production license.
Clive you got the cheap shares and the boat now give us some good ops news like;
3ab M&A
CE commisioned
Deep well 90 day test.
Take part in the placing and buy a seat on the board. Milk the salary and expenses. Build up your network and future net worth through Feedback's customers and prospects ...... and then quit (or ignore) when too many questions are asked.
Not the RNS we wanted. Could have waited ... not as if we are rolling in cash and needed a another CFO. Who do they think they are ? .. Apple.
Two effing CFOs !!
I'm thinking that they wouldn't have issued the shares until they knew the seller was out. Could have issued them at 6p in April but they knew what was coming ( a lower price). Which means 2.95 was the low in this season of Caspacades.
They get rock bottom prices and a new runway to sell into. The longer they hold the more positive it will be seen by the market. Back up we go I guess. MJF at 2350bopd for July/Aug IMO.
"If they hold the AGM in private due to covid and issue shares at the current price in lieu of salary then they are the biggest c**ts on this planet." adrainz 29 May 2020 12:08
They must be reading my posts and so jumped at the chance to prove me right.