Member Info for Newuncle

And now they are not....looks like both Lunn and Menzel are just figure heads...to what end is anyone's guess

The lack of any meaningful information to justify a further 3 months just to complete the audit shows everything is not as it should be but they won't share it via RNS.....wtf not?

Call the egm nothing to lose now

Affirm

You better get on with it then and quick.

I expect it's going legal now on missing monies, company won't be able to comment.

Time to switch off and forget about this

The clamour for bringing back Evans seems to be wilting lie old spring daffodils here......wonder why or has the penny finally dropped with the TGM that Evans was just stringing them along

I think it s becoming very obvious that whatever wrong doings have gone on under Evans leadership they were pretty serious...I would not be surprised to see the SFO getting involved here.

It's not Lunn's fault if the discoveries being made are showing potential financial fraud by previous Directors, that information would need to be passed to legal advisers and authorities etc, none of that is quickly processed.

Signing the audit report

> Once the auditors have finished their work and your organisation has corrected any errors or problems found in the final accounts

> The auditors will sign the audit report.

> The auditors will only sign the report after the directors have approved the accounts.

> The auditors will also want to know that any events between the financial year-end the date of the approval of the accounts have been dealt with properly and don’t affect any conclusions they’ve reached.

> If the auditors don’t get sufficient evidence or don’t agree that the accounts show a true and fair view, they will modify their audit report. This is a very serious matter and the directors are usually keen to avoid this at all costs.

Cando

That made me LOL 😁

"Is Tom back in as we have had a week of nothingness"

Hepran,

Chairman has been replaced

CEO has been replaced

Company Secretary has been replaced

I don't know why anyone would even more BOD changes now?

Plenty of buy trades showing and a very large one too, dyor

Signing the audit report

> Once the auditors have finished their work and your organisation has corrected any errors or problems found in the final accounts

> The auditors will sign the audit report.

> The auditors will only sign the report after the directors have approved the accounts.

> The auditors will also want to know that any events between the financial year-end the date of the approval of the accounts have been dealt with properly and don’t affect any conclusions they’ve reached.

> If the auditors don’t get sufficient evidence or don’t agree that the accounts show a true and fair view, they will modify their audit report. This is a very serious matter and the directors are usually keen to avoid this at all costs.

Affrm,

I said it was a possibility that PPP could be delisted, as have others, it doesn't mean I think it will happen but if they do announce such a move I am sure your TGM heavy hitters will act accordingly.

Signing the audit report

Once the auditors have finished their work and your organisation has corrected any errors or problems found in the final accounts, the auditors will sign the audit report. This means they’re stating that your accounts are ‘true and fair’ and comply with relevant law and accounting standards. The auditors will only sign the report after the directors have approved the accounts. That way, the auditors know they are the final, official version.

The auditors will also want to know that any events between the financial year-end the date of the approval of the accounts have been dealt with properly and don’t affect any conclusions they’ve reached.

If the auditors don’t get sufficient evidence or don’t agree that the accounts show a true and fair view, they will modify their audit report. This is a very serious matter and the directors are usually keen to avoid this at all costs.

Affrm,

Those were Tiger's words I posted, not mine but then you knew that didn't you?

Zag,

Not at all, I want these back just as much anyone else does.

Unlike some, I also am a realist where PPP is concerned re the lack off accounts which we know are done but not signed off by the auditors.

The likes of Tiger are just blowing smoke with their views.

Tiger,

You really must be worried now then?

Tiger16

RNS tomorrow30 Jan 2025 18:06

We should get a RNS tomorrow first thing or before close .. if we don’t , I will be very concerned To be honest ..

The new CEO has had a reasonable amount of time to at least update the market, as I believe we will be delisted there after , pls correct me if I am wrong .

Tiger

You were saying?

What are cash shells?

Cash shells are simply stock market vehicles which have no assets apart from some cash and their listing on a stock market.

Some cash shells are regarded as ‘legacy cash shells’ meaning that they were once trading companies which, for a variety of reasons, have decided to cease trading. At this point, they can either return cash on their balance sheet to their shareholders or leverage the value of their listed status by finding a private company to undertake a reverse transaction with.

Other cash shells or SPACs (Special Purpose Acquisition Company) may have listed on a stock market with the sole intention of seeking an attractive privately-owned company to undertake a reverse transaction with.

I might be wrong but there is also possibility the lse simply reclassify PPP plc as a cash shell which could extend suspension for a further 6 months, subject to funding or an rto being completed.