Released this morning...
https://youtu.be/uJdXcXQP2oI
Simms
My understanding is that Italian revenues will be due (soon?) without further investment from MNRG.
Re BritNRG, MNRG will be one of the biggest creditors should liquidation happen. As such, one of the scenarios could be us taking on the operation (along with others) if it's still deemed viable.
Pure speculation from a layperson, but that's my view as it stands.
Litigation Update
MetalNRG plc ("the Company") announces that further to the High Court's written judgements in the Company's application for summary judgement against BritEnergy Holdings LLP and BritNRG Ltd, the first and third defendants (together the "Defendants"), in its action for recission of certain contracts and restitution, the deadline for the Defendants to make payment to the Company in the sum of £1,122,961.85 (which includes interest awarded and interim costs recovery) was 4.00pm yesterday (26th October 2022) (the "Payment Deadline").
The Company received a total of £250,001 before the Payment Deadline and were informed that further £250,000 had been remitted, although as at the current time the second payment has not actually been received, accordingly the Defendants are currently in default in the sum of £972,960.85.
Given that representatives of the Defendants made public statements that they were able to pay the judgement in full, additionally requesting and being granted an extra 14 days from the court to pay over the standard 14 day period, and that the Defendants are now in default of those judgements made by the High Court, the Company will today issue statutory demands for the unpaid balance, as a measure to protect it and its shareholders interests, and if such balance is not paid in full by the Defendants (with such additional interest as may accrue), will proceed to petition for the winding up of, or administrators appointed over, the Defendants on grounds of insolvency.
Are we about to become the new owners of BritNRG?
:))
26th is deadline. Didn't think they'd pay early did you?
Tick tock...
Roadrunner
I'm happy for you to correct me on this, but for the third time...
Most of the debt (c£1m) is due to legal costs (c£600k). We are due to recover the £1m AND costs, plus interest.
Now can you stop beating that drum please!?
Makes you wonder what would have happened to the share price if we'd have lost the case!
Lol
Sell up and sod off then.
Or...
Actually do some research, understand your investment and stick by your decisions.
Trolling message boards demonstrating your ignorance, lack of judgement and/or anger doesn't help anyone. Take a break.
:)))))
https://twitter.com/RolfGerri/status/1581306731493486595?t=kbyJYzLGws2fhyxB0-6Vcg&s=19
"MNRG will give an update Monday morning on the legal process and the summay (sic) judgement hearing for which we have now recieved written judgement."
Gooner
Don't really care who you are, but if you really thought this was dead you'd have sold up salvaged whatever capital you had left, TR1 or no TR1.
obviously not happy, but still hanging around waiting for a return like the rest of us, right?
Everest
You're calling for peace on Putin's terms, and that won't bring peace to anyone.
All I hear are conspiracy theorists telling me I'm brainwashed by the MSM, same argument given by every 'minority' (it's said Americans don't get irony, I think it's the tankies who don't).
If my money goes down the drain with Putin, then so be it, but we cannot leave Ukraine to fight alone and be subjugated by a tinpot megalomaniac.
Peace will come, but it will be on Ukrainian terms.
Tick tock...
Everest
You condoning this...
https://twitter.com/TpyxaNews/status/1579355217266900992?t=ifPR668mmfzlI6Kn5IEIWQ&s=19
Some things never change...
"Mao speaking at the World Communist Representative Meeting in Moscow in November 1957, giving his famous speech, “American Imperialism Is a Paper Tiger.”
Mao’s exact words were: “I’m not afraid of nuclear war. There are 2.7 billion people in the world; it doesn’t matter if some are killed. China has a population of 600 million; even if half of them are killed, there are still 300 million people left. I’m not afraid of anyone.”
"If I were asked the difference between Socialism and Communism, I could only reply that the Socialist tries to lead us to disaster by foolish words and the Communist could try to drive us there by violent deeds."
Churchill
Roadrunner
What's the current debt position?
Red
How much of that loss is attributable to legal case, all of which we're getting back, with interest?