Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Interesting analysis Dougal, you've obviously given a lot of thought to this..... I have another question, I dont know if you have pondered this one -why, if the app is so good, did Fattal sell his shares?
Rylidan, you move with the times old son. Twitter usage is in terminal decline, see their stats for last quarter.... All those celebs you admiringly tweet pretending to yourself that you are friends they are just pr companies employing Indian chat rooms. There is a world beyond your mobile phone, get down the pub and meet some real people son. As for this so called app, its made from two old toilet rolls, a length of string and brown paper. If this is your idea of cutting edge technology we"ve wasted a lot on your education
Remarkable parallels with Teathers in that article **** poor management Expensive offices Loads of hype Technology that did not work Late accounts Say it all really - Dan Wagner and Jason Drummond two peas from the same pod
Yes, I want to hold these two to account. What is important, initially, is to see the year end October 2015 accounts. Its now nearly 5 months since year end and if not filed by the end of April the shares will remain suspended for that reason alone and the Company fined again. It is customary to see a financial update a few months before accounts are filed. This has not happened and I fear the results will be very poor. The last official communication from the BOD said they would update the market before the end of February. No RNS since then, not even a holding one saying discussions are ongoing. There is simply no excuse for this.....
The Companies Act 2006 permits a shareholder (of any size) to apply to the courts for permission to sue a director(s) for breach of duty and losses thereby incurred. If the Courts find there is a prima facie case to answer then they will allow proceedings to continue IN THE COMPANIES NAME and paid for BY THE COMPANY. In my opinion, the circumstances surrounding the initial lending of £100,000 to Kentucky Oil And Gas provide this prima facie evidence of wrongdoing. I believe that this investment, clearly not in the best interests of shareholders, was the reason for the suspension. I also believe that Fattal and Drummond have been advised not to elaborate on the reasons for the suspension because to do so would be to effectively admit their liability. An initial application to determine whether there is a prima facie case to answer would cost no more than £5,000 maybe much less. If successful, all further costs are paid by the Company. Whatever your position on the future of TEA stay tuned to this BB because they will not get away with it
Xcanarus, is anyone looking after you?
'Once we get sorted' They say hope springs eternal
Wrong again Ant old son Its sophisticated Individuals as defined by the FCA, covers most people if you are prepared to join an investing group. HNWI definition is now only £250k - hardly a kings ransom. Here's a tip Ant baby, if you aspire to be an HNWI do some proper research for a change
If they float I'll be in there with a few bob after all its a good concept!
Plenty of money in the bank too, unlike Tea
These boys did it he right way, kept it private and put in the hard miles until FCA approval
Based in Cambridge I see, not some poncey offices in the Kings Road
Have to disagree Ant The board wages, together with the so called Tea lady are about £15,000 per month including employers N.I. Oliver Fattal"s luxury Kings Road offices £3;500 per month Travel expenses, heat light telephone etc could easily take this to a total of £20,000. Auditors, Nomad, legal fees, PR fees, Aim fees easily another £10,000. £30,000 per month even before anything is spent on app development. In the last eighteen months income has been non existent. I have stated since November that the cash situation of Tea is very poor, we need to see the accounts for the year ending 31/10/2015 yet in six weeks they will be overdue and the company fined again. They dont want you to see this information, how much has been lost as I think then even the likes if Mogadon would be calling for an EGM
Yes they bought at 0.3p now 0.18p, another crep investment by Oliver Fattal.
Isnt this an uncontrolled outburst? You need some mogadon, Mogadon
The question is why have Shard stopped using it?
Good job you managed to selll before the suspension eh Oliver?
Did you come to the conclusion that Teathers was not a good company to invest in? Is that the case Oliver?
You are a Rich Kid of Instagram, its not like you needed the money.
Oliver, why have you sold 80% of your shares in the company? If you listen, can you answer this one question?