Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
25th February - 8th April
Six working weeks since the 1st EGM, and not a peep, about the 2nd EGM.
You couldn’t make it up !!!
The first message referring to Dropbox, was I think by wafer69, see below. Maybe he/she has access to the site, and can enlighten us, just in case Goves has yet again, snuck out details of second EGM.
wafer69
Posts: 168
Price: 0.00
No Opinion
RE: Letter 8 Feb '22
Hope this works. All media received today scanned and here for general viewing.
https://www.dropbox.com/sh/vca479ckc5m57mr/AAC2YozLlykY9xSuwl9dKi6va?dl=0
Apologies then MB, I went back a little way, and yours was the first link I saw, you must have just been repeating it.
I better check further back.
Morning MB,
Thanks for the update, only yesterday I was wondering if anyone had come across anything on that “Dropbox” site. Looking back through the chat, I see you put the link up on here, but was that from another source?
Cheers Mike,
Good luck everyone.
Mike,
Thumbs up emoji x 100 ;-)
Morning Mike,
I think your right, slowly slowly, but the sceptic in me asks why 2 EGM’s? Strange!!!
Anyway, there’s a chink of light at the end of this long old tunnel. (Fingers crossed emoji)
Have a good old St Patrick’s Day everyone. And good luck all LTH’s.
Your welcome jimtom,
Guess it took someone (HL) with a bit more clout than us, to get a response.
Small typo, blooming auto spelling
**Well, well, **
Well, we’ll, a little bit of cheer to brighten up our day.
Response from HL below:
Dear Mr ****
Thank you for your message.
I can confirm that I had contacted the registrar and they have now gotten back to us. Below is the response received:
"We understand the Special Resolution proposed at the Company’s EGM held on 25 February 2022 was passed.
The Company are now in the process of convening a second EGM to approve the proposed Dividend in Specie. We expect the paperwork regarding this will be despatched shortly. The Dividend in Specie will not take place unless approval is received at the second EGM."
If you have any other questions, please get back to me.
Regards
Rico Benning
Hargreaves Lansdown
I wonder (and hope) if/are HL are chasing Neville……… Maybe just maybe !!
After all, HL are guardians of our accounts, which is surely what we pay account fees for.
And shouldn’t Neville be chasing CGH, for instructions regarding “share in specie”?
All wishful thinking I know, but everything possible needs to be done to stop the BOD grabbing our shares by default.
GLA
Good morning all.
Quite surprisingly I am still awaiting my “secure message” to HL, usually they reply promptly. So I’ll wait and see if they get back today, before giving them a poke.
No response either from BVI as yet.
Good luck everyone.
Yeah Mike, same here, CGO shares would be something for our long wait. Once Sable delisted, their shares were automatically removed from ISA’s.
Good morning Mike, I used their “contact us” facility, don’t know if it’ll make any difference or not though.
I’m hoping the wording of my request is seen as slightly different than “asking for information” more of a complaint, about a BVI registered company, I hope they see it the same way.
Mike, here’s the info for the BVI Financial Services Commission, (hope it doesn’t get removed by LSE) I’m making the assumption that it’s similar to our FCA.
https://www.bvifsc.vg/contact
I don’t intend to give in easily, so I’ve sent a message to the BVI Financial Services Commission, as follows:
Hi,
I am trying to get information from a BVI registered company called Consolidated Growth Holdings.
They delisted from the UK investment market (AIM) in October 2016. In their closing statement they stated that they would “continue to keep shareholders updated of news and hold annual general meetings as required by law” I assume they meant BVI laws.
Unfortunately they have failed abysmally to keep to this promise.
On the 25th February 2022 they held an extraordinary general meeting. But they published the details of this meeting on an obscure entity called Dropbox, not an avenue well know to the general public.
The main tenet of the EGM was to change a company rule, that limits shareholders ability to claim dividends to twelve months, and allow the company to confiscate any unclaimed dividends.
The company have so far failed to publish the results of the EGM, and are ignoring all attempts of communication by shareholders emails.
Nor are they updating shareholders, who have completed, and submitted their website tick box for “company news”.
Unfortunately I am not familiar with BVI regulations, so are you able to bring any pressure to bear on this company to do the right thing, and publish (on an easily accessible platform) the results of this meeting?
Otherwise if shareholders are not made aware of the passing of this rule, and through the company’s refusal to correspond, could lose by default, their rights to any or all dividends.
Any assistance you could give would be greatly appreciated.
Regards.
I haven’t had anything back from HL as yet, but I suppose it’ll be something like their response to your message.
Ben, many thanks for your comments.
But the following questions still remain:
Why the refusal to fulfil their stated commitment (see RNS October 2016) “to communicate “AS REQUIRED by the laws of BVI”?
Why published the details of the EGM in such an obscure fashion?
Why no publication of the EGM results?
Why the refusal to answer shareholder communications?
I have the same fears as Mike, namely the possibility of another twelve months of “radio silence” and bang go our shares. I hope I’m wrong, but the past five and half years of nil communication, has given me no confidence in this management.
Good luck all.
Here you go.
Info@nevilleregistrars.co.uk
Good luck.