George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Mild humour: I have just seen that even Aldi have a copper infused product, a pillow !!!
BillyBoy: I think it is 100 shares into 1 at whatever the sp is at the time. Yes, there is a nominal value, I think it was .10 but if it happened today the sp is 0.04 so 1 new share should be 4p
I personally don't like consolidation as evey company ive owned shares in that has done it its sp has performed dismally. Its not to say it will happen here. Only the plus side, there aren't 12 gizzilion shares floating around
Well still no reply from Cave (lecturer email), Cave (ceo email) or Nnn's public relations. Maybe if I email P2F.......I am sure as Cave is ceo he has statutory duties........like "Hello Shareholders"
BTW, was looking at P2F accounts December 2022. Can someone tell me what "Amounts owed to group group undertaking" means? It's just over £3,000,000
Dr Cave, read this https://www.iod.com/resources/factsheets/company-structure/directors-duties-and-responsibilities/
Great Christmas pressies in your house...."It's a filter...whoop whoop"
I can't even get an acknowledgment from Cave or the company to my emails. I can't see us getting any staff. I think my next mail will be to Volz and then maybe a trip to Nottingham to find Cave. I guess he is busy but then again he wasn't previously too busy to take my investment based on what the company intended to do!!!
He is, I believe, the CEO so there must be some obligation,surely. Even if there weren't an official one you might think there would be a moral one!! Whoops, my mistake morals and money, thieves and robbers.....Nottingham was known for one but I think the money went the other way!!!
If the BOD are not too busy could they ask HELD what is going on!!!?? I believe we have/had a £750k investment in them and they are borrowing more.
Knb, with our sp ebbing ndHeld falling it's time for an Rns update
Well having emailed Cave at Ntu and NNN directly the response was........unsurprisingly, no reply or acknowledgement.
So, any learned person out the have a suggestion on how to get a response from a company?
Tried Cave at NTU couple of days ago and no reply yet. I did point out it was urgent as unless the accounts are filled we may get booted out ! Let's see if I get a reply.
On that link go to filing history and then statement of affairs
I was just racking over the coals and was looking at the "Statement of affairs" from page (approx) 5 onwards which detailed the assets and likely value. Interesting as £1.3 mill is only worth about £83k and £3 mill + which is listed as Launchmycareer private (does anyone know what this might be? Before I contact the liquidator to ask) the value is shown as "uncertain"
Biggest creditor is Dev Clever holdings!!
If something smells there is normally a reason and I am not happy to have had my pocket picked in broad daylight. There must be something iffy when you look at the trading statement and then boom......its all gone down the pan.
Forgot to post the link
https://find-and-update.company-information.service.gov.uk/company/08491618/filing-history
I was just racking over the coals and was looking at the "Statement of affairs" from page (approx) 5 onwards which detailed the assets and likely value. Interesting as £1.3 mill is only worth about £83k and £3 mill + which is listed as Launchmycareer private (does anyone know what this might be? Before I contact the liquidator to ask) the value is shown as "uncertain"
Biggest creditor is Dev Clever holdings!!
If something smells there is normally a reason and I am not happy to have had my pocket picked in broad daylight. There must be something iffy when you look at the trading statement and then boom......its all gone down the pan.
Anyone on here with "proper" knowledge.
Is there a way to force the company to say something about where we are?
OK, I guess email but to where? Anything which can be said to force response like, "the riles of the company association requires you to inform investors" etc etc. Something within the rules of a company or the duty of the chairman, ceo or md......if we have any of these.
A contact mail for DR Cave or the company officially ???
Resolve were only going to be the liquidators, if appointed but NNN changed tack and had "interested party" so AGM didn't happen to vote on liquidation.
I, like you, am skeptical of financial organisations and agree something smells. All dandy and then "surprise" money gone, no news and everyone except us Pi's carry the can!!!
Private ryan: they appointed joint brokers already. Look at the RNS'S. Think it was June.
RNS 14th June 2023 "the Board has determined that the proposed general meeting to be held at Finncap Cavendish at 10am on Thursday 15th June 2023 be adjourned to allow the interested party to complete its due diligence"
Anyone any idea how long it can possibly take to complete due diligence on a tiny company like NNN ?
My question is similar to the one I have posed about how long can it possibly take to produce accounts for a tiny company with very small turnover?
Any semi accountants out there who are PI's and have a couple of days to spare? I'm not accounts but can do mathematics competently and would help....money in, money out, assets = accounts done!!! (Before anyone jumps in with negatives, yes, I do realise it's a little more than this.......but not much!!!)
Maybe an email to Volz next to ask them what is/has happened to our joint venture company/products????
Rooky: I sent an email to Resolve a few weeks ago asking what is happening and got this reply:
"The directors of the company (NNN) adjourned the meeting of shareholders, so the Company did not go into Liquidation. We are no longer instructed by the Company so I’m afraid we cannot provide any further information."
Privateryan: any update or info on what is happening/has happened would be useful, it is our money we are talking about. What has happened in general, financial position specifically, IP safeguarded and intact etc etc.
I suppose the only good news is our investment can't actually go down as shares suspended no matter what info they release!!
However, I also suppose it might confirm what many think......the ship is sinking fast or already sunk!!! Perhaps, maybe, there is a life raft within reach!!! Until they release news, proper statement of facts and the company's position, unequivocal, we won't know and everything is pure speculation.
Harv99: that address is just offices from which, probably, you would get no reply. Where does he live? Must go home sometime so he could be asked direct questions...Where is OUR money??