Member Info for CTSFO

Smlcool: this article might help. In practice I think shares held on behalf of an investor by a financial services company are secure in a separate account from the company’s own assets. Seen as a separate entity. So your shares / ISA / SIPP shouldn’t get affected. Worth checking with your provider though. You can ask for the shares to be transferred to your name. The ISA or SIPP is only the tax feee wrapper around them, I can’t see a reason why you can’t hold them in your own name. My apologies if I’m wrong. I haven’t bothered to check this, my bad.

https://www.investorschronicle.co.uk/content/0718a6ff-613e-5371-83ae-92f9e5391992

Https://www.accountancyage.com/2024/05/29/directors-consequences-late-filing/

Link to follow:

“ Under the Companies Act 2006 (“CA 2006”), it is a criminal offence for directors to file their company accounts late. Typically, there isn’t any leeway in whether accounts have been filed late or not; as soon as a company is late with its accounts, the offence is committed and directors are at risk of a criminal prosecution.

The longer the failure to file goes on, the greater that risk becomes.

There can be many reasons why company directors fail to file their accounts on time, for example, there may be a shareholder dispute or some other issue delaying the preparation of the company’s accounts.

Unfortunately, for what may seem a relatively minor infraction, a conviction for late filing of accounts can have far-reaching consequences, including possible disqualification as a director, foreign travel restrictions and disciplinary action by relevant professional regulatory bodies. ”

MyIPA: “ criminal offence. lol

no, it isn't. my opinion of you just dropped CTSFO.

That's going to keep me laughing all the way through the winter.”

The word you’re looking for is “sorry”. But it’s easier for the nescient amongst us to go for the ad hominem attack than actually check what they are reading.

In here:

https://www.gov.uk/government/publications/late-filing-penalties/late-filing-penalties

From HM Gov, link to follow:

Consequences of not filing

“Not filing your accounts or confirmation statements is a criminal offence. Directors or LLP designated members could be personally fined for this in the criminal courts.

Failing to pay your late filing penalty can result in enforcement proceedings. Any criminal proceedings for not filing confirmation statements or accounts is separate from (and in addition to) any late filing penalties issued by Companies House against the company.

You could get a financial penalty if you do not file your confirmation statement on time. The registrar could also take steps to strike your company off the register.“

Jimzi, it’s also reasonable to wonder why RUA haven’t released its data package on AurTex - as was promised? Is someone else taking an interest already?

It’s a criminal offense not to file a company’s accounts on time - without an acceptable reason. Prosecutions against Directors are rare. A separate civil offense is committed by the company concerned, and will get fined.

Regulators tend to start taking an interest once the accounts are 6 months late. This can start with a Gazette notice of an intended striking off of the company. The company’s Directors must take these notices seriously. It’s common for the striking off action to cease, and another Gazette notice confirming this, if the regulators are happy with explanations given.

Bottom line: 6 months and no accounts is the time to get worried.

Does anyone know what “(EO)” means please? Holding account for investors using their platform??

SELL AVCT. BUY tinfoil hat manufacturers!

Just WTF will RFK jr do to the FDA? Can’t think of anyone more likely to cause harm to the US.

https://news.sky.com/story/rfk-jr-chosen-as-donald-trumps-health-secretary-13254320

Just got to love traders. Never let a decent rise go unpunished.

It’s an absolute @rs£ ache. There seems little point in posting anything till we get an update. The ad hominem comments achieve nothing. See you all after the next RNS. Good luck everyone.

Fingers crossed the 10% brigade don’t spoil this.

If a new rig is on site:

"With respect to an update on Texan oil operations, a separate news release on this specific topic will be made when the rig arrives on site. Our partners there have been going through the arduous process of changing operatorships with the Texas authorities and changing banking mechanisms, but we are hopeful to see them on the ground within weeks."

They should keep their promises. Simple as that. I haven’t seen the Telegram photos, and I’m not doubting the honestly held belief that they are genuine. But I’m p155ed off with the lack of news.

It is what it is.

The satellite image was taken on 15/07/2023. Date stamped on Google Earth.

I’d go for a simple reason the sp is falling. There’s going to be a dilution from approx 3.0 billion to 5.5 billion shares early in December. The new shares are being issued at 0.11p.

This isn’t going to be popular: I’m happy to see it just in the red. A few days consolidating here to show this is the new lower limit. Not a spike and crash. All then set for the next leg up.

Please excuse this, it’s not GST related. It might be worth warning our more elderly parents about this scam.

It looks like there’s been a data breach releasing name, address, and telephone number.

Normal call from an Indian call center, showing as a UK number. Claiming to be from Amazon questioning a fake purchase. The ‘clever’ bit is they send a security number text which appears as an Amazon SMS (it came into my Amazon message list).

Told “Tim” to feck off and scam some other gullible c… at that point. But it might seem genuine enough to con the less security aware.

Please excuse this, and obviously report if too out of order.

GLA

“ With respect to an update on Texan oil operations, a separate news release on this specific topic will be made when the rig arrives on site. Our partners there have been going through the arduous process of changing operatorships with the Texas authorities and changing banking mechanisms, but we are hopeful to see them on the ground within weeks."

Wait for delayed trades to get posted? Are these seen in real time on level 2?