That is of course if I ever get the damn things in the first place, still have doubts and concerns we'll get fu cked over somehow
@granth81 the problem with that is the potential for hitting capital gains tax, my holding was in my isa.... it's not anymore, so if i overshoot the limit, which is more than possible, i'll end up a world of pain in regards to declaring income etc, which i've never had to do before, and do not see why i should give the government anything, they weren't going to swallow any of the loss, it was an isa investment and as such should be protected, but because H&L kicked it out of my isa (unlike the bankrupt Bellzone mining that are still in there) it's not protected, so, no matter how well CGO does, I'll be selling before i smack into that CGT thereshold
a sunny RNS for a sunny day.... that was painful reading, with no real light at the end of the tunnel, they seem to know less than we do
by the time we've slid some more, that 1 bagger will be lucky if it gets us to much over 2p
NOT
back to where we were 2 trading days ago
what an absolute fu cking shambles.
laying the foundations for fu cking us over AGAIN, i'm beginning to form the opinion that the registrars are just as dodgy as groves and his cronies, and if... and thats a very BIG if, we get anything, i'm selling immediately, and taking the money out of the account so it can't be recovered
"but doesn't make for encouraging reading IMO"
it's not a problem for CGO, and will have no affect on the SP here, what that is saying, is as every CGH shareholder will tell you, CGH and anything/anyone connected with them are basically just legal enough to avoid arrest/prosecution and as dodgy as F* *K. and as many of us fear, the whole CGO share distribution will be a complete shambles and CGH will hand off responsibility to the registrars and then wind up and f-off into the distance with any other money left over or squirreled away.
It has long been the widespread believe that groves and his cronies are nothing more than crooks and that come the end of the day, the shareholders will get shafted one way or another, to hear that those holding in crest via nominated brokers are still waiting for the brokers to receive the share certificates does not surprise me (me being one of them) as i still have a voice in the back of my head saying this is all a scam, and there isn't enough CGO shares to cover the MASSIVE number of shares CGH had in circulation.
Either way, nothing for you guys here to worry about.
A small step up on a good RNS, not enough to cover the slide from where we were over 2p though :(
I guess a cautious response given that there is still a long way to go
same for me :(
yeah no reply to my message either, I am tempted to call them and ask if they wish to retain my business, becasue if they do, then they better start communicating, this modern culture of "we'll do it via message or email" is total bulls hit, you speak to people or you lose the business.
I top up a little yesterday and the price drops today after sitting stable at previous level for a week or so.
ffs!
to H&L asking for more information and an update on when I can trade the shares showing in my fund and share account.
All of these messages should not have been required, if they'd just put something in the fund and share account, even if it was 1 share, with a corporate actions note explaining the process/progress, instead of just a line with my share allocation, then nil value, and zero informational text... poor
by the time good news rises this, it'll just be back at the same pi ss poor level it was, as it's sliding on no news
Mine too bob
hope so, had a little top up this afternoon, but dont really want to be putting anymore in now.
or were there other smaller/less valuable assets?
SBLM became CGH shortly after de-listing, they are NOT about to be relisted, quite the opposite, they are about to be dissolved and wound up, but before they do, the major holding that is worth anything is their holding in CGO (interesting nothing else has been mentioned about any other holdings!) needs to be distributed to shareholders, you should receive 0.072 CGO share portion for each CGH share you own, so your entitlement should be 422000*0.072 = 30384, which at the current BID price for CGO (6.5p) would equal about £1,974.96.
If you have a certificate for your CGH or SBLM shares, you should receive notification form the Registars with a new certificate to follow, if you hold your shares like manuy of us with a broker, then they should be getting the shares and should then allocate them to you
yeah they are showing as nill value till the deal is done and everything is through, a bit like placings shares or open offers or similar sit in your account at nil value till you have them and can trade them
yeah the lack of updates is worryi g.
i think we're basically screwed between parsnip and some very dubious proceedures/rules
my fund and share account with H&L is now showing a holding (still nil value) for contango holdings.
and for good measure its more shares than i was expecting :o