Member Info for Lawrence13

Nick Hood elaborates

Dear Mr Jenkins,

 

Thanks for getting in touch.

 

The website is very definitely still active, indeed I’ve been on the site myself three times today. Here is the link to the relevant page, where updates are posted as when there are developments: https://petropavlovskplc.com/administration-news/

 

The situation is that the Schemes of Arrangements governing the payment of creditors have now been approved by creditors and by the High Court. Details of these matters are on the page to which the above link will take you.

 

The next step is the actual payment of creditors, which is expected to be completed subject to the terms of the Schemes by the end of this month. The Administrators hope that the Administration can be completed by the anniversary of their appointment, i.e in July 2023. 

 

The next general update for stakeholders is due to be published next month, as required under the Insolvency Act, but the situation as regards shareholders has not changed since you were last in touch. The Administrators’ opinion is still that there will be no funds available for shareholders. The process for ending the Administration and for closing down the Company will be set out in this update.

 

With kind regards,

 

Nick Hood

For and on behalf of the Administrators of Petropavlovsk PLC (In Administration)

 

Astral: my link after 11 years doesn't work anymore. However I contacted Opus who sent me the link that does Now to try and grasp whats happening

So Astral, you claim the court has given more time for the completion. I went to POG's website to see if any Opus updates and at t6he moment its unavailable

that would be so sweet but you come here and criticize instead with a tendency to pour scorn on those that still want to fight this heinous act

More to the point for a man who has put his POG losses behind him, again I ask why are you still here? I think that is a perfectly reasonable question considering your opinion on those sad people who won't let go and hang about LSE. Oops that's you.....

This a stock that didn't go belly up and was producing copious amounts of a commodity the world will increasingly lust after. It was our UK government and our law courts that allowed this company to be stolen . They purposely or through incompetence set the scene that allowed the Russian crooks to create a faux crisis in which they could seemingly buy the company at a pittance of a price and then with a British company and our law courts ensure that the Russian lenders got their money back and the irony is we the UK are supposed to be punishing Russian business not subsidizing it. IOn fact6 i9t could be said our government, courts and Opus went out of their way to hurt UK citizens and aid and abet Russia in its hour of need.n It6s scandalous what's happened . And Tomski7 you scruffy ****er , put on a Thai

If you have come to terms with your loss why are you still here?

I thi9nk johnson is advocating something he would be too scared too consider if he was PM so has the comfort out putting others on the spot. But.....and a big but (no not Johnson) it is a fantastic suggestion that I made here some time ago but now more pertinent than ever. One of the three ministers who replied to me via my MP was Graham Stuart who said 'we need to look at the victims of unintended consequences of the sanctions". Well here it is , send his response to our respective MP's saying that we were devastated by government action and were the unintended consequences of their actions and they need to own that to start with. At least Graham Stuart had the decency to acknowledge our losses. This government can compensate us from seized Russian assets.

Oh yes it is. Note on very short notice as the ****ehouse traitors at Opus want it through with no upsets as they know the whole sale was a house of cards that would blow over if a breeze of official investigation blew its way

Is this a wind up?

Well there's a great source for compensation

You warned me about making litigious statements about the BoD and Strukov and now you are painting these crooks as victims of sanctions , what utter crap. They never once tried to ask their UK government for sanction relief, not once.

sorry should have said corruption that has been manifest in Russia and the Ukraine.

If you beleive that *******s then you are either working for Opus or a very silly man

The founder of the company was frightened for his families safety with the corruption in the ukraine , look what happened to Pavel 5 years eventually

Great points email, they had no intention of saving POG the BOD were all russiaphiles
Charlotte Philipps german has lived in russia for over thirty years and loved it she also was friends with Mr Mukarjee
John Mann lived in Moscow https://newsunrolled.com/economy/67765.html
James Cameron a good friend of Everest's Lioustiger who he took in when he fled Russia with his child after his wife won custody. It was Liuostiger who then organised the 2020 Board room coup with Strukov. Strukov placed Kharin on the BoD and Lioustiger installed Cameron as Chair. Apparently there was some falling out with Charlotte and Strukov but boiled down the BoD did nothing to save Pog and only expended effort to sell it ASAP

No Poly was saved because it didn't have a treacherous BoD

Don't forget Putin has always made known he wanted the Ruble based on gold so there for POG is a precious asset for Russia given to them as a gift by the UK government thing is though it wasn't those ****ers assests to give away in the first place

https://thewire.in/economy/vladimir-putin-ruble-gold-dollar

I want to elaborate on my term 'faux crisis'. Yes there was an invasion of Ukraine and the British Government to hurt Putin gave him POG on a plate vie sanctions. However from the Russian side of things they could have easily with the BoD found a way to alleviate those sanctions. A moratorium was issued on all debt repayments until October last year
https://sanctionsnews.bakermckenzie.com/russia-bankruptcy-moratorium-introduced-with-effect-until-1-october-2022/

So the Bod had oodles of time but the debt from day one was hanging over our heads like that sword in that Tuscan folklore story the sword of damocles. It was relentless. I rember emailing John Traitor Mann at the time and saying that with 'good will' by all parties POG should be fine, but there was no goodwill only greedy crooks waiting to steal the company and of course our government put a straitjacket on POG that made it defenseless .

If Peter and Pavel had been at the helm this time last year , just pre invasion the share price would have been near £1 and we would also have got better value for IRC whose steal was the precursor for things to come. Also with peter and Pavel in control; they would have found a way for the company to survive, simple things like asking for sanction relief which is something the BoD never did and never had no intention of doing

politically we just give up our time. its interesting , confusing and frustrating the paths we have taken individually. people / groups i believe we have contacted so far
mp's
fca
ombudsman
foreign office

Please add in other route besides the high court which one fantastic POG share Holder made possible regarding the refusal of Opus and the POG BoD to make public the Kroll report and the previous High court rubber stamping of Opus applying to break up and sell the company and that was only known because a little dickie bird told us that Opus had been to court without informing the share holders