RE: Just a thought18 Feb 2020 07:50
Morning Guys, Heid Honcho you posted................."".Additionally, the liquidator will perform a forensic review of the accounts, so were any dubious accounting practices, which may not necessarily be illegal/fraudulent as it would also encompass anything that was conducted that wasn’t in the shareholders best interests, then those practices, were there any, would be unearthed.
And that would carry a potential penalty of them being unable to secure future directorships for a period of between 2 and 15 years, and were the practices be identified that were not in the shareholders best interests that may open them up for criminal proceedings, were of course such practices to have been identified""
Absolutely correct, as have been many of your posts on this subject There is one thing you mentioned about ceasing trading, well if the Company don"t file any accountsthenbthey will have a periodbetweenb4-6 months to do so, and the n the company will be struk off by Companies House..
I saw Freddy post about Satu saving a life, and didn"t catch up on the BB after. I understand many posts were deleted, so am none the wiser now.
One thing to consider and perpetuated by Georges absence, is they knew they had lost the vote, decided not to attend, which I find incomprehensible, but something seems to be missing, and that may well be the BODs Plan B. Can"t possibly imagine what it is though but someone/bodies were picking up shares at .48 yesterday, they must be expecting something.
Heid you mention admimistrators/liquidators work for creditors not shareholders, well theycan"t have many creditors and only the FCA would work forshareholders,but there would be no chance of financial recompense for them., just a Prosecution against the Company Directors which would suit many. When I think of the RNSs issued and the ""six interested parties" to name just one, how hard would it be to prove the RNSs were misleading at best and were at all times timed to convince shareholders to take part in raisings based on what coud well be false information.
In the meantime I guess you have to wait to see what the BOD will come back with, can you only imagine??