Member Info for Blue_square

MUST BE A FULL MOON

All of the purchase monies go to pay off the existing debts, firstly to secured creditors, then unsecured etc. Shareholders are at the bottom of the list.

Our shares are worthless, the company that you owned is in administration.

You'll get nothing for your shares...

JimDawg

Not a penny, not a single share.

At least Dick Turpin wore a mask.

£17m cash for the lot.....

We could have raised that among existing shareholders....

Nope, zilch, Nadal, nothing sweet FA.

I heard it from GTMUFO. Best time ever.

Well said Santi.

Seriously....

Who here believes that a serious bidder, under an NDA would let a rumour about a bid out?

And from the hints dropped, I doubt anything will be a straight bid. I'd be asking debt holders (suppliers) to swap debt for equity.

Its not long to wait before we can all be put out of our misery with TB and his 'rat pack'.

Hi Non sense

If you've got that info, and its true, surely someone breached their NDA - which would probabley disqualify their bid.

So ....... No bid?

GTMUFO

Did your consortium bid get through to Phase 2 of the bidding process?

I see they're on top of changes to the website

They still state - 'Our Company is setting itself on a new course for a long and prosperous future.'

Mmm, not sure about that one.

Was that the bid from GTMUFO?

Why?

Until the end of the SISP process no one will know if or what they will get.

Was your man a direct to RMM contractor or a contractor employed by AN Other. who sent the letter, RMM, The Monitor or someone else?

If a bid pays enough for unsecured creditors, I doubt it will be a lot.

The proposed liquidator - Begbies, are close to the BOD so it would be difficult to ensure any Independant outcome with no guarantee of holding the BOD to account.

As an indication, for some time now Begbies have stated that RMM are in a CVL - yet we just had the vote. And we're not in a CVL.

I would prefer a court appointed liquidator who would look into the BOD's actions....

No, it won't affect what happens with the SISP in Canada, but the outcome in Canada may affect the UK....!!!

The votes were 51% For

40% Against

Let the fun begin....

There is very littel chance of any return, but the members of RIG are at least fighting the corner for ALL shareholders with any bid.

Do you think BM might be one of those 'larger' creditors?

The RIG bid was to provide more than one bidder....

Who here has bothered to register to attend the GM - outside of the RIG group?

Remind me, who's the biggest shareholder.

BM by any chance. He's a bit late to the f***in party.

Should have fired that financially illiterate CEO a long time ago....

If we (PI's) go down, I hope the pain is shared equally with BM !!

Hi Strummer

That doesn't bode well for PI's if Begbies are appointed - they called for a delay to allow PI's to attend/vote, but haven't had the information diseminated to where it needs to be.

Imagine if they had to get a payment to you !

Hi Strummer
I've never had a problem with Halifax and always voted by webchat, phone or letter.
Can you use webchat to vote via iweb?

SHAREHOLDERS
If you haven't voted via your broker DO IT NOW, this could be your last chance to determine the outcome of your company.
Lets have a say in who organises the liquidation of the assetts, not the BOD's mates...
cast your VOTE - no to both options.
MYOMU.

To attend the GM you need an invite from Begbies.
You need to email as-team@btguk.com You should get a reply, they will ask for proof that you are entitled to attend, speak and vote at the meeting. Your nominee will need to provide this. For clarity email Tom.Harrison@btguk.com.

Halifax have done it on my behalf - however, I still need to submit the proof. Begbies advise that 'Once the shareholder has provided us with this letter we can provide log in details for the meeting, which will be sent on the morning of the meeting.'
Its almost like they don't want shareholders there.
Wonder why?