Mike Ralston, CEO of Blencowe Resources, explains the significance of the MSP for Orom-Cross. Watch the interview here.
Fully aware of NDA formats. This one if fully read, was particularly locking out any prospect of the BOD openly marketing the company. There are rigid conditions and penalties. The fact that claimed competitive offers were made has not been disclosed to SH's demonstrates a level of underhandedness at the very least
No point to continue this debate, the deal is now done.
Wish you luck, Tony , with your GTE investment
The NDA ( often used to conceal/diguise), agreed and signed by Majid on 28th February. The complex detail well and truly shackled I3e's BOD to an arrangement that could take 12 months to conclude. It was a masterly tactic that numbskull Majid agreed. The NDA virtually prevented I3e from engaging formally with other parties, hence the statement " unsolicited offers", details of which have never been disclosed.
Good luck to anyone becoming a GTE shareholder.
GOD, ( good acronym) I share your disappointment. Afraid the majority have it, we will get NO further offers and are at the mercy of GTE.
GTE to my mind is not a company with integrity ( not that it means much these days), Majid is a totally dishonest Director who would probaly sell his grandmother for a piece of silver. He has completly mislead shareholders.
The whole affair should be investigated by either the regulator or a first class investigative Journalist.
I do'nt want GTE shares and am pondering whether to sell now.
That cannot be right. 60 members voted in favour and 18 against. No way did 78 members attend Court and or the GM.
It is a bad deal and no way do I intend to hold shares in a company who are exposed to Bandits and massive debt pile.
I barely brake even which is better than a loss as some will suffer.
What ever else never invest in a Company where Majid is involved.
Some here have not been completly honest only 18 shareholders voted against
ISman, could be nearer the truth than you realise,especially if Mark Slater and other Instituions are anti the deal
Nomad.... likewise, it is very odd. Cynics will say suspicous.
Sta thats seems to be the case, if so have the BOD used those eligible votes?
He's playing games. Did'nt know about the Vote earlier
Jun-man the Vote ended last week. Your broker or who ever hold your shares, should have informed you weeks ago.
Jezzoo that is quite disgraceful. Do wonder how many others who have posted here were not able to record a vote?
It is not democratic and possibly the way GTE have organised to ensure success. They (GTE) are not a company I want to fund.
Hope these fundamental discrepances are brought to the attention of the Court at 1.00pm.
Agree with your sentiment, but will keep my powder dry until the result is announced to us "Mushrooms"
In the absence of the result, which is appaling, asumptions can be wrong.
Wonder if Mark Slater has been consulted??
Where is it??
Now 2 calendar months on. How much extra time do Auditors require for a company of this size?
Could they have discovered irregularities which cannot be answered?
Read the GTE Offer documents ( a huge file) in particular Majid's Irrevocable Undertaking. He agreed to encourage Shareholders to Vote in favour therefore any contact with him will not be Independant.
https://i3.energy/granterra-offer/
The Company Secretary should give advice. Failing that a submission to the Court ahead of the hearing should be considered. The Court would not be impressed to read a Democratic Vote has not been handled fairly and properly.
The Court does have the Power to adjourn the application from I3e and GTE
You need to raise HELL with Halifax . Even threaten FCA complaint.
It all seems contrived for one reason.
The Court needs to be advised as the process is clearly not transparent and honest.
Voting online deadline is tomorrow.(2nd October)
GGG, Stas
Keep the faith!
Give a Manager at Halifax some ear ache.
Whatever happens with Selene, Sneller has probaly worked out with the Economic incompetence, the coming fund raise, better to lose £3.5m now than commit and possibly lose more later.
Should Selene turn out a success,is it likely a farm in partner will be well aware of Deltic's parlous financial status and exploit?
Track Your Investments
Register for FREE