Member Info for bbr391

Capital Reduction - Procedure

In order to approve the Capital Reduction, the High Court was required to be satisfied that the interests of the Company's creditors will not be prejudiced by the Capital Reduction. The Company was not required to seek written consent to the Capital Reduction from its creditors. However, for the benefit of those of its creditors from whom consent is not required, the Company will not be capable of making a distribution to shareholders until any such outstanding obligations have been discharged, and the Company has given an undertaking to that effect to the High Court. At the date of the audit report there are some £ 0.1 million (2017: £0.3 million) of creditors to be settled. The Board of Directors consider that these amounts will be settled in the short term and therefore the £45 million remains within a Special Reserve which is non-distributable until these settlements have occurred.

Nice to see a $12 million write down ,on Our two turbines.

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A bit of quiet adds up to a nice share .
Kenmare maybe the spanner in the works , if the General signs on the dotted.

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On Admission the Company will have 809,406,498 Ordinary Shares in issue and a market capitalisation of approximately £38.4 million at the Placing Price. Application has been made to the London Stock Exchange for the Enlarged Share Capital to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings will commence on 19 January 2011.

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The General will have his way .
Let`s hope his way ,brings us back the licences .

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Good luck SRB & Team .especially HB .

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Let`s all hope It`s a positive RNS ahead , you deserve It .

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Getting closer.

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A change of holdings will appear today .

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Maybe closer to 68p .
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Should be posted today .

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Hopefully Gordon .
Can retrieve our Impairments .

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4.5p .
Can this BOD achieve that ?

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What a new Investor can achieve
Well done Gordon.
Watch this space .

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Highest sell price for some time today.

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Trading continues.
I add to my tally today.

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An answer will be with us soon .

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Surely the General has marked the spot with the appropriate mark .
Treasure Island Indeed .

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For all holders .

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www.youtube.com/watch?v=YkADj0TPrJA

Maybe

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CEITAC AWARD: UPDATE 6th MAY 2019

On 5th May 2019, CEITAC announced the result of their determination in respect of the arbitration claim made by Honourfield against Mr Wang. The arbitration panel ruled that Mr Wang has to pay Honourfield approximately 31,000,000 RMB (£3.5 million) together with interest and that such payment should be made within 20 days of 5th May.

The result of the arbitration represents the full amount of our claim.

Following the above, we will now assess what further steps we need to take to obtain funds for the Company. This award represents the best outcome we could have expected, however given Mr Wang's disappearance, our ability to recover any funds will be challenging.

John McLean
Chairman
6th May 2019