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Still no reply from either email address, have they gone underground again after a very short PI charm offensive; why did they bother?
What the Dickens are you talking about or are you just now awakening from a long, deep sleep?
Thanks Terfur!
with Victoria, I have sent 2 unanswered emails over the last month to: enquiries@atlanticcoal.com
unvrkw, "...Stick and see if divi comes", you have either a fantastic sense of humour or are certifiable insane. We have a better chance of getting a full refund of our original investment, a "mea culpa" and an admission of guilt.
make up your own messages, there is no impact from copying and pasting other peoples thoughts. Don't be lazy, fight for your investments and form your own opinions by research and thought. Also be very careful with the "F" (fraud) word, I certainly never used it.
szynd, I would voice your concerns/questions via email to Jphillips @ companieshouse.gov.uk, she appears to be reasonably proactive for a civil servant. The more people who kick up about this shambles, the more attention it will get.
I have no idea but one thing is sure, none of this is being done for the benefit of the ordinary shareholder. Maybe they should rename the Co."Best's ATM"
HM, that is some of the connections I was referring to. But it is a bit more tangled and incestuous than that. HEYTESBURY CORPORATE is listed as Secretary to Atlantic Coal. HEYTESBURY CORPORATE has 2 officers listed (Heytesbury Capital and Remlap Ltd) Heytesbury Capital has 3 officers listed, 2 of whom are called KUENZEL (remember that name?) Remlap Ltd has 1 officer, our old friend Garth Mervyn Palmer and is in Liquidation (filed for in Nov 2015 around the time he suddenly proposed the ATC de-listing), in the Solvency Report it is reported Assets in excess of £240,000, I wonder why liquidate around the time the ATC fun and games begin?? I also don't think Atlantic Coal will be renamed, I think it will be quietly dissolved and will therefore not file annual returns for 2015, get a slap on the wrist fine for non-filing and we will never see any revenue figures for 2015. One of the new companies will be selected (Atlantic Anthracite, Carbon etc) as the new vehicle going forward and will only be obliged to file for 2016, thus 2015 becomes a black hole into which many things could disappear. The whole thing stinks like rotting cadaver.
HM, as a man who obviously likes to link stuff up, have a look at this and cast a jaundiced eye over the "insolvency report" PDF: https://beta.companieshouse.gov.uk/company/07527059/officers
It would be interest to know how many posters actually lodged formal complaints with the respective regulatory bodies. I myself registered the following to AIM, FCA and UK Companies Office: "......The complaint refers to it's recent RNS (02/12/2015) call-atlantic-coal-delist-aim-and-change-name in which it implies that resolutions to de-list and name change were requested without their knowledge. The requesting shareholder was in actual fact acting in the capacity of a consultant to the company. A subsequent RNS (21/12/2015) announcing the suspension of trading and a notice of a GM to vote on the above resolutions suspension-trading-aim-and-notice-gm appears to have been issued in such a way that brokers were not made aware of any 'Corporate Action' requirement and, as such, shareholders were not informed by their brokers of this crucial upcoming event. I suggest that this was done deliberately to keep dissenting shareholders at a minimum and deprived many shareholders lawful rights........."
would recommend that you start the ball rolling on Twitter, remember "All that is necessary for the triumph of evil is that good men do nothing." Edmund Burke Irish orator, philosopher, & politician (1729 - 1797)
I too have been in touch with Adam since late December and have posed basically the same question to him. My thinking is that, if ATC failed to notify the brokers in a proper fashion, is there way we can force a postponement of the vote until all shareholders are notified properly of the impending vote. I can well understand why it would be in ATC's best interests for as few as possible of shareholders to be kept uninformed as to the nature of the resolutions.
szynd, a very good question; if he should deny this and subsequently is proven to be connected to the company in any manner then not only him but the officers of the company would be open to possible lawsuits. If he does not respond then we can draw our own conclusions.
he is a mindless distraction, sent to annoy and distract and possibly deflect with nothing to add but negative vibes. He appears from nowhere right after the RNS that wants to pull the rug out from all all small PI's and will disappear just as quick when the deed is done. I would suggest that you do not engage with him as it actually gives him/her a credence that he does not deserve and certainly does not cherish. Anything he says is, IMHO, tarnished and will add nothing to any discussion but dissent. He/she is a shameless example of what is wrong with the Catfish mentality of modern communication media. I did post on Dec 21 : "Be very leery of any posters who suddenly start posting positive, rational and well structured arguments in favour of de-listing, they will be sponsored 'snakes in the grass'.", he is exactly what I suspected would appear
Holymoly, I had a similar thought regarding Barney's potential personal exposure in speaking as a 'director'; Mr. Best has an extraordinary history of setting up companies over the last 15 odd years (74 directorships with 30 currently active and more that 50% of the 'active' companies designated as 'dissolved'). It looks like he has played the old company shell game with aplomb over many years; I wonder how many of his old associates have been hung out to dry over the years. If I were Barney, I would look up /track down a few of these guys and get their opinions of where he might be exposed.
Barney, you say that one can find a list of directors on the company web-site, can you explain why Ray Petrilla is listed as Head of Corporate Finance (US) on there yet he is showing as a past director (Resigned on 30 June 2009) on the official UK Companies Office and you yourself have no mention on there.Also can you clarify who is Company Secretary?
Looking at the details under HEYTESBURY CORPORATE LLP one discovers that it has only one listed appointment and that is the role of Secretary and that role is fulfilled by "ATLANTIC COAL PLC (05315929)", maybe someone with a knowledge of company law could explain how a Plc can be it's own Company Secretary or whether it is even legal?
You are correct Holymoly but porkies would not be the word I would use. According to the official Companies House UK ATC (Company number 05315929) has: "4 current officers / 15 resignations" The 4 officers are listed as: HEYTESBURY CORPORATE LLP - Secretary BEST, Stephen - Director CHINNECK, Peter John Elston, Dr - Director WILSON, Adam Richard - Director https://beta.companieshouse.gov.uk/company/05315929/officers The smoke and mirrors continue
Barney, It is a little surprising to me that you would point the finger of blame at AIM as an excuse for ATC's inability to raise capital funding, surely you know that shafting a company like Blackrock would have long-term repercussions on the 'Street'. It is quite telling that a company like Sirius Minerals (SXX.L), listed on AIM, would be in the throes of arranging financing of something in the region of £2 billion and are quietly confidant of doing so; but, then again, they have always treated their shareholders with a degree of dignity, respect and honesty and have never (as far as I know) treated their (and the shareholders) company as a personal ATM machine for the benefit of themselves or family members; they have communicated with stakeholders in a reasonable and open manner through the proper and normal channels and shown themselves to be generally trustworthy in discharging their duties as officers of the company. It is laughable that you would take the high ground in lecturing the posters of a bulletin board on their possible usurping of the rules of that board when you and your cohorts are doing your damnedest to usurp the spirit (if not the letter) of fair trading. It is an awful shame that a group of individuals who have exhibited a great degree of business ability in turning a struggling asset like Stockton into a profitable and well run, efficient enterprise and tainted that achievement in the way that you have. Shame on you.