Member Info for Coldfeet

JTB - So this is where all the green/gold-fingered PIs have been hiding out in. Wish we had more to top up on potted plants at this price, can see it going a few pence lower maybe but next week will hopefully be very thought-provoking and then the 1/4 report at end of month. GL mate.

Still waiting for this damn spread to tighten.....

But watchout for the treeshake here..:)

Thanks for that, have joined up.

So Shierson at GT admits that the company was looking for a buyer earlier this year. The language used in their trading update certainly doesn't fit with a true reflection of the companies financial state when the company was still enjoying the support of their principal lender. Obviously this was not the case at all. The trading statement was a clear misrepresentation of the facts. I sincerely hope that Axeon, or who ever they will be known as in the future, do not receive any public funds for "green" companies from any of the EC members. What incentive is there for investors to put their hard-earned into companies like this..? These allowed pre-pack administrations and phoenix companies are not good for creditors and shareholders. I understand the argument that jobs are saved etc. But in this case there were clearly other options and the fact that the majority shareholder, who was the principal lender, is now the sole shareholder and still prepared to finance a promising and exciting company really leaves a bad taste in the mouth.

http://www.euroinvestor.co.uk/News/ShowNewsStory.aspx?StoryID=10326092

Thanks for the info...will have a look see what the iii boards are saying later on.

Have just e-mailed Jason Gowar at GT. Thanks for posting details for The Insolvency Service. I have sent them a copy of my e-mail and copied GT in on that as well. Suspect response will be nil.

mailto:malcolm.shierson@gtuk.com mailto:david.dunckley@gtuk.com And this chap is the Senior PR manager for Recovery and Reorganisation Jason Gowar, Senior PR Manager +44 (0)20 7728 2915 Corporate, Audit and Recovery & Reorganisation Can feel an e-mail coming on thanking them for the excellent job they did today.

Is that the "special" Libyan balaclava with the extra hole for your mouth..?? Excellent choice there..:)

Exactly the same feeling here. Can't complain if our money goes down the pan through poor investment strategy but whilst this company had debt and outstanding covenants the goings-on today smack of a corporate con. As you point out the sheer fact someone snapped up this firm in so-called "administration" within 3.2 nanoseconds smells like my home town when the tides gone out.

Re. yours 17.59. Completely agree, doesn't exactly inspire investment fervour does it..:)

Do you fancy a quick trip to Dundee..? I will supply the minibus, balaclavas and baseball bats..:) We can impress on the Board what the meaning of integrity is.

What obligations do they hold as Administrators? Or were they happy with a large fee for very little work?

Talking to the missus at lunchtime and said things are going well...just too well..!! Got back at 1pm and had this news waiting...!! If I hear that this "new" firm benefits from any grants in the "green" budget I will personally throttle my local MP. Obviously this has been in the making for some time and shareholders have been well and truly shafted....and it would appear that the principal lender has played it's part suspiciously well with the calling in of GT. How very convenient.

So... Principal lender for AXE pull the plug...AXE keep it quiet from their shareholders...AXE allow a takeover...AXE announce administration to shaft shareholders...?? Is that how things have gone here..?

Well if we do get shafted we know where they live...or lived as the case is now..:)

Well that was one hell of a retrace. Was in AXE for the long-term, should have taken profit but didn't for that reason. Expensive mistake.

Am in for a small punt, interesting short-term past and share acquisitions. Besides...I'm a sucker for a decent company website..:)

I was beginning to think you went to the same school as Colin..:) Thanks for posting and I hope we aren't being duped here.