Member Info for Pebble101

Possibly some sales to crystalize losses or take avantage of CGT allowance before buying back in an ISA next week?

WBAFC I am not an accountant, I just did the accounts and various returns for VAT and CT when we ran a small business. I know where to look for information in the rather long-winded HMRC manuals! Neither am I a financial adviser. I am in the same place as you are, albeit with a lower average. I don't make the correct decisions either, I should have sold all my NCYT holding and put it into another share I bought a couple of months ago which has gone up by 24% in just a few months. Hindsight.

Amers, I have been vocal in the past about how useless Wakefield is, good riddance to the incompetant muppet. Not sure what you mean by hitting a raw nerve?

Kaeren, you forgot 'Good riddance'.

WBAFC you can serve documents to a director at the address registered for them at Companies House. I assume this applies to non-exec directors.

Back in February they thought the divestment was not material but they still did an update so I don't see why they haven't done the same now. I think that Rees is just a puppet and dances when his chain is yanked by Wakefield.

Itsawrap, although a lot of companies align their VAT quarters with a company year end, there is no requirement to do so. In fact some choose to keep them separate.

Well LR did say there was no news because there was nothing to say. Probably why no director buys - they know how s*** they are at running a company.

Amers, I thought their reply about IR was poor as presumably they employ Walbrook to deal with it. I contacted them before the AGM to complain about the fact the website hadn't been updated with the new AGM details. I never got a reply. I seem to remember you were told everything would become clear soon - what were you asking about and is is clear now?

Another stunningly enthusiastic performance by Wakefield who looked as though it was a chore to be there.

VAT won't flow through P&L but it will increase the cash. Accounting adjustments would have been to write off the total amount owed, the net amount goes through the P&L and the VAT through the VAT account.

The fact they mentioned the refund was not guaranteed concerns me. If it complies with the rules for a refund why should there be any doubt? When I did VAT returns any refund was paid quickly but they I never did a return for £12m

There are more board members than the CEO and CFO though. And unfortunately the puppetmaster is still in his job.

She had come to the same conclusion as a lot of us that the BOD and Chairman are an incompetent bunch of charlatans and not worth the effort any more. I suspect she has moved on.

I would have been up for it but as I said after the court case I am selling my shares and now down to less than 20k.

Conditions for claiming bad debt relief:

1. You must already have accounted for the VAT on the supplies and paid it to HMRC.

2. You must have written off the debt in your day to day VAT accounts and transferred it to a separate bad debt account.

3. The value of the supply must not be more than the customary selling price.

4. The debt must not have been paid, sold or factored under a valid legal assignment. See paragraph 3.12.

5. The debt must have remained unpaid for a period of 6 months after the later of the time payment was due and payable and the date of the supply (one year after the date of supply for supplies made from 1 April 1989 to 31 March 1992), and

6. if the goods were supplied before 19 March 1997, ownership must have passed to your customer, or through the customer to a third party.

7. For supplies made to a VAT-registered customer between 26 November 1996 and 30 April 1997, you must send a notice to them. A copy of the notice must also be retained. (See paragraph 2.7 for an example.)

So why would the VAT not be recovered? I can't see that there is anything that would cause doubt about the refund unless the accounting treatment has gone awry. Thoughts anyone?

WBAFC. I am slowly getting rid of the shares I have left and the investments I have bought with the meagre funds have already increased in value. I wish I had done it years ago when the saga first started but was completely misled along with others. Either they were telling lies or were completely incompetant by telling us they had a good chance of winning the court case. I don't blame Lyn Rees as he was not here, but having read about him I don't trust him either. I have voted to get rid of James Wakefield who is an absolute disgrace as Chairman. Seems I am in the minority there. I am moving on and not sure how much longer I will be on this board and hopefully it will bring closure on the whole sorry episode.

I have instructed ii how to vote for me, however I need to find out how to attend the AGM and what proof they need.

Do you think they are wondering why shareholders CBA any more?

Mandy left a while ago.