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Good points HeidHoncho and many thanks.
Yes, as you say, there has been no official notification of the most recent c.6M placement shares being admitted to the market.
Can anyone clarify? Resolution 3 at the last General Meeting did not pass (disapplication of pre-emptive rights).
Therefore, existing Shareholders are entitled to take part in any discounted placing (pro-rata based on their existing shareholding)??
I'm surprised this hasn't come up in the discussion, so maybe I've missed something. Regards. AC
If the company fails to bring in funding/support through other means, that is evidence to me that the ‘products’ do not have the potential value we’ve continually been led to believe, and the Board has been lying to us.
I’m not sure they fully appreciate the impact this has had on shareholders and their families. JG (RIP) is not the only case; there are many more, whom the Board have never dealt with.
Rather than getting rid of moaning shareholders, Administration will mean we no longer have any more to lose. At this point, I believe there are many who will devote every spare minute to ensuring the Board Members are personally held to account, until they have lost everything they have.
Now is the time, for them to bring in independent verification/financial backing and prove to us that the products are what they’ve told us all along.
Excellent and many thanks again Freddie/Valju. I'll look forward to seeing you both at the meeting; arranged either by the Board or ourselves.
Hi Valju/Freddie,
Many thanks for all your efforts last week. Just to check where we’re at… have your proposed resolutions been formally submitted to the Board? Providing this is backed by 5%+ of shares in issue, the Board is required to convene a General Meeting/Vote, or we have the right to arrange a GM/Vote ourselves.
The ball is currently in their court… but the boot is on our foot. Their every move is being closely watched.
Many thanks all for your replies. And well done Freddie - the best way to deal with blackmail/bullies is to stand up to them.
Many thanks BB. That's a very good example of suspicious trading behaviour in the lead up to an announcement/placing (and I think there were other occasions too)
Doesn't look legal to me!!
A very rare post from me, but I’ve been compiling a bit of a VAL fact file over the past couple of months. In particular…
• Any statements from the company (informal off the cuff and by formal RNS).
• Strange trading patterns, particularly leading up to any RNS/announcement.
• Posts on here and ADVFN (innocent posters/investors need not worry!)
Like many, I’ve sadly been enticed by the company and its regular assurances that there are ‘interested parties’ and some sort of deal is close. Currently sitting on huge losses (hundreds of £Ks).
It’s affected my health, just like JG (RIP), Fred, and many others no doubt. However, if there has been any wrongdoing (legal or ethical), and if it’s the last thing I do, I will make sure any guilty parties ‘go down’ along with my investment.
Of course, I still hope that there is somehow a light at the end of the tunnel and it doesn’t come to that!
Sincere best wishes to all in a similar boat!
AC
Now way oversold in my opinion and likely to bounce by 25%+ in the short term (and considerably more in the medium-long term). We're now around the low point/unfilled gap from July 2014. This is a sound business, as many have said, and I'm very comfortable stocking up at these levels.
It looks to me like there is an unfilled gap on the chart from July 2014 at 197.5p Hopefully a big bounce at that point... or before!!