All the conspiracy theories.25 Jan 2016 14:56
I've read some of the nonsense below and will give the following observations as to why we have lapsed any further actions:
1) Myself and Eddie got tired with funding the trips to London for meetings out of our own pockets, we have jobs and homes too. There were some genuine people prepared to "have a go" but there's a difference between standing and holding coats and getting the sleeves rolled up !!!
2) Jones and Karstel are non-UK resident so its impossible to bring a court action.
3) The asset ownership was almost impossible to trace.
4) Vitol had first charge over the assets and tried to sell them without success, who wants a non-producing coal mine in the current climate.
5) The monies alleged to have been spent on the plant weren't spent so a huge investment would still be needed to bring it to market.
6) Baker Tilley had no intensions of attempting to recover anything for shareholders and as of today have put the company into liquidation.
There are other reasons as to why we were not prepared to continue to throw time and good money after bad. All of you are free however to pick up the fight, I will even give all background information to any tangible person who wants to pursue the cause.
In summary you might also want to band together with thousands of other shareholders who have been turned over by AIM companies. I sat in a meeting before Xmas where another AIM company had run off with the silver, I was shocked to find they were running the company from a hot desk at serviced offices in Piccadilly, if you looked at the website it looked like they were running Microsoft.
I'm just tired of the whole sorry mess called the AIM market..
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