Member Info for Pettycash

Taff - don't need to go how far? If you're talking about legal action I will definitely be pursuing this IF the company gets de-listed and funds are not distributed to shareholders) So, if we don't get a satisfactory outcome, there will be nothing to lose. Lawyers will asses on no win no fee on basis of Suspension and Delisting. It's all there in the public domain that they were going to Breach the Investment poilcy. Best to prepare for the worst, but I'm not going to go down this path until the 6 months is up and we see no satisfactory outcome. If I were you , I'd keep calling the company for updates.

Yes, hoping we don't need to go that far but everyone keep a close eye on things and update as and when. We'll see how it goes in the coming few days and looking out for that elusive RNS. Good luck everyone.

I'll keep you posted and will, if it comes to it , need a lsit of shareholders /numbers etc.. But for now, let's hope for that RNS.

Hi Anthony - I still ask whether your "belief" is almost a pseudo-religious belief in G Burnell being of good character, and wanting to believe this because you are scared of losing money - or have you actually gleaned any facts to make you able to analytically say: "This is going to be fine". I still urge you to make a few phone calls,..The more calls you make, the more this sounds murky with contradictory messages coming from various parties. I don't particularly care whether I antagonise, G Burnell or not, as as far as I'm concerned, he is preventing me from accessing money that I will need to use in the coming months, I can categorically state that if if stakes are not returned to shareholders post-suspension, I will be starting a Class Action against Burnell for negligence. I've been advised that if the facts are as seen face value - that he knew and willfully ran into this Suspension with open eyes, then the case is very strong, and he'll be heading for a mass law-suit. That's real.

Yeah...not for many yars though...some sh*tty company called 10Group and another one way back in the late 90s/early noughties. With Onzima - I think we're in a different situation.. we have a compnay cash rich, investments going reasonably well, and with a full understanding (allegedly) of AIM rules. Yet still it got Suspended. Definitely not letting this one drop.

..unitl it gets de-listed, is nearly impossible to trade ...and all your money disappears!

But there is still no definitive answer to how this was allowed to happen - when all and sundry could see the Investment Policy was contravened. So , was it all done on purpose as part of some grand scheme to get a RTO on the cheap? My overview is that I don't get that impression- although I live in hope. One things for sure : they have 2 ways of redressing the problem - rebalanc the portfolio or RTO. THink there's a few hoop jumping technicailities with AIM, but I'm fairly confident (but not convinced)

I've been making a few calls this afternoon...couple of brokers etc.. There are some contradictory messages coming out from Mr Burnell, but, on the whole, I've been assured that Onz is trying its best to remedy the situation on behalf of shareholders.. So, not withstanding my natural cynicism, it was about as much as I could hope for by ways of re-assurance. Nothing solid gleaned but more of an overview of the personnel etc.. Converstaions were on proviso I didn't go into details on here.

Whatever you decide to do on Twitter, let's all look in here most days and keep the news going.. If anyone hears anything, please report back here; appreciated. And I also urge people to periodically (each week, every 2 weeks) to ring/ e-mail the company and ask for updates on what is happening. Remember this is YOUR money and you own a share of this company - this is your RIGHT. You are not being a burden. These things easily slip by and I'm determined not to see this happen with this one. I'm frustrated for you Anthony (and all others with money tied up here)...and , depending on the day, as they slip by, I am very frustrated myself at having mopney tied up with no clear pathway ahead.

I've already sent round the boys for my lack of 'E' sin need.. but, if you've ever been there, sometimes you ned more 'E's ;o) Boooshacka

No ned to apologise Rachel's dad...- only for putting two "p"s in Apologise - and for that I'm sending round the b'boys. ;o)

Understood AnthonyJames... :o) I'm hoping you get all your money back (at least).

I wouldn't worry about that statement mate.. people have got so fickle, flimsy and litigious and scared of saying blunt/off the cuff things that there's almost a self-censorship going on in Britain today.. Anything seems to cause offence to someone these days; it's suppressing free speech, making cowards out of men, making people watch every word, and there's a slight Orwellian 1984 to it all. Say anything you want in my book mate...Everyone knows "send the boys round" was figurative.. And if not resolved satisfactorily, I'll be sending myself around.,

What you have here, at the very least is an "expert" in company acquisition and a Nomad Broker (who set out the investment policy detail to AIM) who do not know how to do their jobs, or understand the criteria for listing. that's the bare minimum

He's just called me back - I told him I wouldn't report anything potentially confidential/damaging...which I wouldn't, but there wasn't anything there really of any meat.. Pretty prickly 15-minute conversation....Hey, they've got £6K of my cash, why smile?! I think it's fair to reoprt that for those out there who have said that G Burnell saw this Suspension coming, well, he told ne he DIDN'T know it was coming - so if any of you want to call him and re-address that matter it's up to you. Top and bottom, without giving anything away is that it's all with the Nomad and AIM , and I feel it's going to be a long drag. Mr Burnell said he thinks we will all be "pleased" with final outcome and company was in a good position(9this isn't anything new or revelatory)...but worst case scenaria, company Delisted and money re-distributed to shareholders.. (That would mean , they have our dosh for at least another 6 months) He claimed that Onzima had NOT breached investment policy...Hey? figure that one..but he wouldn't go into details...so up to you if you want to press this issue Anyway, Mr Burnell, cheers for phoning anyway, after I threatened to set up shop on his doorstep* * I reserve the right to ;o)

Although I realise that there may have been a potential investment that fell through at the last minute, this , to me sounds like brinkmanship and lack of professional foresight, They had (literally) months to sort out another invet=stment ; this could have succeeded by the means of further dilution, and investment, or a renegotiated deal with N4.. To leave it to drop off a cliff, in my mind is negligent (at least).. The fact that Burnell is being "pleasant" on the phone means nothing IMO ; usual modus operandi for AIM CEO. When he says he is "working hard" to rectify the problem, what does this mean? Does it mean that he is orchaestrating a RTO withN4 Pharma ? Does it mean he is trying to renegotiate a new Investment policy with AIM, does it mean he is attempting to rebalance the portfolio with more resource stock, does it mean he is having to rebalance the N4 finance somehow.. many questions, and I'm unhappy at the silence from Burnell... He's managed to placate you, Anthony, but looking critically at what he's said, has he actually said anything?? Hoping you get your £20K back - I have lass than that but a few K. My main problem with this is having it tied-up, when Burnell saw all this coming a mile off.

Thanks Anthony .. It seems you have a bit of a relationship going with G Burnell, which is good.. The post allays some fears but not all. I wondered in the next conversation with him you might ask: " Are you working "hard" at resolving the matter because the issueis a RTO?" The question that is begged to me is that "Why are you having to work so hard NOW when all this was foreseen 6 months ago. Why didn't you balance the portfolio up then?" That is the question as to whether they have been negligent or have had a longstanding plan. The answer to that t might me feel a little easier.. Maybe you got a little more from him in private? So, thanks for calling and hope you manage another one soon. Ps (I've called NT and G B a few times..I talked to NT a few weeks ago...no response from Burnell apart from he sent me a quick agnostic e-mail) But I am getting bolshy band soon his phones never going to stop ringing. Personally speaking I think we should be calling the company and pestering them to get answers. It's our compmnay, our money, and I don;'t care whethere they're "busy"...never too busy to take a call.

BoD - stop hiding Shareholders deserve note of intention and progress.

Jeeeezus...gotta start spell checking..sounding very "allo Allo" there (for younger readers - pidgeon French!)

Well, Anthony, I know that others get a warm feeling of empathy and togertherness from someone being "Positive" about something...but like Noel Admonds "Positivity " in Deal or No Deal, it's simply a frame of mond, not based on the facts.. So Positivity or negativity are mmeaningless - although it does help you keep sane and give you peace, being positve (ie blinketred from potential truths! ;o) But, in this case, we know little of the facts - other than, equally positive and negative I think: a) G Burnell has a bad Rep from Globo b) Aim is notoriously full of scheisters c)This would not be the first time I've seen shareholders' screwed.. but d) This was such an obvious pre-empted event - (like a train crashing into a brick wall from 50 miles and not applying the brakes), that one feels there must be some sort of plan e) N4 Pharma is the jewel in the crown, so feels like it's central to plans - (conversely, could also be used to shaft shareholders out of a stake in thses circumstances. f) I feel G Burnell would really be laid bare for all sorts of claims with this being such a foreseen event that he admitted he "knew about" This leads one to the conclusion it was predicted for a RTO on the cheap while suspended - or they got super greedy with N4 Pharma and backed themselves into a corner with decreasing timescales - but why didn't they simply raise cash by dilution and buy more Resource sector stock in the leading weeks and months?? All in all...I'm 50/50 leaning towards they have a planned outcome ..seems too obvious to be a scam/ incompetence, but Aim has also seen many an obvious scam.