GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
@ IKN
I wonder why Marendo waited 5.5 years before asking for certificates. They also never declared their holding to the Takeover panel for the OPDs, ie the Opening Position Disclosures as required by the Takeover code. You’d think with a possible EUA asset sale in the making they’d have been very keen to get everything in place.
@Scuba; I’ve no idea, it was in PDF format and has all the court stamps etc, it still had all the amendments showing in Green/red which I thought would not be in a document for a court but wtf do I know? This Marendo addition is very strange though and if true adds a massive spanner in the works.
IKN/Toffers; I’m of the mindset that if the claim made by Petros Zapitis is true, Dmitry Ananiev, his wife Liudmila Ananieva & Galina Pchelkina will somehow all be linked to Marendo Investments Limited as well.
1. Why Marendo would buy the shares without certificates
2. Could QVL & Mispare sell them without certificates.
3. Could QVL & Mispare get an offer of indemnity insurance, if they’d already sold them
4. How can QVL & Mispare claim damages from EUA for not been able to sell the shares if they’d actually already sold them?
@Rob; no problem. I can’t remember who it was from here that put it on the Facebook Group but he’s a star.
It’s worth a read if you can get access to it.
I’ve got to say this Queeld/Mispare lot seem a right bunch!
The more in depth version if anyone’s interested
Mispare; BVI registered
Queeld Ventures Ltd; Cyprus registered
Mr Mark Ray; Link client relationship manager
Mr Moss; Director QVL/Mispare
Issued with replacement certs no indemnity required
Mr Gary Anderson; EUA
Mr Keith Byrne; EUA
Mr Kozolv; Luncroft Holdings Ltd
QVL/Mispare Solicitors
23 Aug 2019 Demetris Papademetri; Queeld accountant
10 August 2020; Stephenson Harwood
14 May 2021, Cadney
5 Nov 2021, JHA
2012 investment by Dmitry Ananiev made through QVL owned by his wife Liudmila Ananieva.
2014 investment by Dmitry Ananiev through Mispare owned by Galina Pchelkina, who was also said to own QVL.
30 July 2018; QVL/Mispare first contacted Link ref replacement certificates.
2 August 2018; Link provided the Claimants with forms of indemnity
23 August 2019; contact from Mr Demetris Papademetriou requesting replacement certs.
17 July 2020, Mr Keith Byrne gave the Takeover Panel Mr Papademetriou’s details so that the Panel could itself contact Mr Papademetriou to try to obtain the necessary information from the Claimants for the OPDs, ie the Opening Position Disclosures as required by the Takeover code.
On 4 August 2020 Stephenson Harwood wrote to the Company & stated that the beneficial owner of both companies was Liudmila Ananieva.
Feb 2021; Mr Vladislav Zabelin who was acting as an intermediary between Mr Dimitri Suschov (EUA) and Dmitry Ananiev (QVL/Mispare) told Mr Suschov that Dmitry Ananiev was willing to provide only a 30-day indemnity.
12 Jan 2023 Petros Zapitis, identifying himself as a former director of Marendo Investments Limited stated that Marendo had agreed to buy the Claimants’ shares in the Company, that instruments of transfer had been executed, that Marendo had paid for the shares in July 2017, and that Marendo had become the owner of the shares. Mr Zapitis asked Link or the Company to issue share certificates to Marendo.
https://www.cpm.com.cy/team-inner/15/Petros%20Zapitis
Cyproman Services Ltd (CPM)
I’ve managed to get a copy of the EUA amended defence document via a decent shareholder on the EUA Facebook group, many thanks to him for going to the trouble.
I’ve not seen the original claim or anything else so can only comment on this document which as I understand it is only EUAs response and the case is still ongoing!
From what I understand in July 2018 QVL & Mispare requested replacement certs from Link, the indemnity forms were sent within a few days along with a full list of requirement information, to date these have never been provided to Link.
Since then QVL & Mispare have attempted via some accountant & 3 different lawyers to request replacement certs, each time they have had the same response from Link ie indemnity insurance requirements.
In Feb 2021 Dimitri was advised by an intermediary that QVL & Mispare would provide indemnity insurance but only for a period of 30 days, this is not acceptable to EUA.
It appears that on 3 previous occasions replacement certs were issued to other shareholders who did not require indemnity insurance as they were known to EUA (Keith Byrne & Garry Fitzgerald) & a Mr Kozlov from Luncroft Holdings. I’m guessing QVL & Mispare believe this should be the same for them.
In Jan 2023 an ex Director of Marendo Investments Ltd contacted EUA to state Marendo had purchased the shares from QVL & Mispare Ltd in July 2017 & requested certificates.
It looks like Marendo is part of Cyproman Services Ltd (Cyprus)
https://www.cpm.com.cy/about-us
The plot thickens 🤯
I’m sure I’ve missed something but my heads mince, hope this might help clarify the case for those who haven’t seen the document.
@TBOB; please don’t take the p1$$ out of poor DR, he has inside knowledge via a friend (in his “special” group) who has a best friend on our BOD 🤔 he also doesn’t like answering questions to anyone on here. He’s a giver not a taker 😳
@DR; Even more interesting 😉. Still no answer as to why you posted those. The floors all yours 🤐
RE: All this moaning26 Oct 2022 12:37
Expecting a deal to be concluded very soon, but in the mean time, shareholders are entitled to question anything relating to their investment, albeit there are some on this forum who are not invested, but don't have much going on in their lives and they need the attention. People invest into a business based on their own research, and comments from the Board of Directors who say what they can to entice investors in. Some are thousands of pounds down, and rightly or wrongly have put the faith into this BoD. It's extremely condescending to have a pop at people "moaning". It's their right, as it's their money.
From what I have heard, the BoD got a little too greedy back in 2021, and could have taken a deal at a much higher price than we will get from this current sale (but they won't tell you that!), and Keith ignores most investors.
As I said, expecting the news to land at anytime now, but it's unfair to tell people to "Just Relax" - A deal is not done, until it's done.
RE: CS salary17 Oct 2022 14:46
Christian's wage has increased over £100k.
James' wage increased over £250k.
At a time when EUA SP has fallen -78.09%
Worthy to note the salary increases and bonuses for other members of staff too. Ian Rawlinson for one.
jarv55; that post was from dr in oct last year where he was ****ging the bod, keith etc off. he was also saying shareholders have a right to complain etc etc. i was asking him why he’s had a total change of attitude to how he acts today.
i know james took a nearly 50% pay cut last year, cs i think around 25-30%, most of the others increased but not by much. artem is the lowest paid on the bod and he’s the one speeding up the asset sale!
DR; can you remind us what your current view is please, interested to know what’s changed your opinion in the last 9 months?
RE: All this moaning26 Oct 2022 12:37
Expecting a deal to be concluded very soon, but in the mean time, shareholders are entitled to question anything relating to their investment, albeit there are some on this forum who are not invested, but don't have much going on in their lives and they need the attention. People invest into a business based on their own research, and comments from the Board of Directors who say what they can to entice investors in. Some are thousands of pounds down, and rightly or wrongly have put the faith into this BoD. It's extremely condescending to have a pop at people "moaning". It's their right, as it's their money.
From what I have heard, the BoD got a little too greedy back in 2021, and could have taken a deal at a much higher price than we will get from this current sale (but they won't tell you that!), and Keith ignores most investors.
As I said, expecting the news to land at anytime now, but it's unfair to tell people to "Just Relax" - A deal is not done, until it's done.
RE: CS salary17 Oct 2022 14:46
Christian's wage has increased over £100k.
James' wage increased over £250k.
At a time when EUA SP has fallen -78.09%
Worthy to note the salary increases and bonuses for other members of staff too. Ian Rawlinson for one.
BOB; my thought process was a JV with the likes of NN, they do everything and EUA supply the assets. No need for Sinosteel as NN have plenty funds, JN possibly not required as they’d have someone of their own (possible reason for the two new appointments) I’m not saying they don’t want to sell the assets, it just might be too difficult atm.
Other possible reason for JN going so quick, ties in nicely with CS getting reappointed at the AGM.
History tells us anything is possible with EUA
@Dimitri; showed my true colours?? I’m sure people on here can make their own minds up on who’s genuine or not (apart from IKN who you seem to boss around 😳). You’re defo not rent free in my head, it’s going to cost you your credibility on this BB which is a great result for all of us.
@DR; would you like to explain to everyone you’ve gave grief to for the total change in your thought process from 9 months ago? Plenty space in my head because supposedly according to you I’m thick oh & a gimp 😉. I also have a decent memory, am true to my word & have sussed you out.