FTG group rightly caught with their pants down. If they actually have the interests of the company at heart they would cease their actions.
I’ve warned before about them, their actions to date speak louder than words. This appointment makes it clear that the company has been acted against for a long time by these nefarious individuals of the requisition group. If I was a shareholder I’d strongly urge others to vote against all the resolutions.
Lost a ton on Advanced Energy (now Beacon Energy) with a similar setup to what is being proposed here. Someone saying their histories didn’t deserve scrutiny compelled me to post. Seen it all before involving an aggressive party seeking control but then asset strip/milk it all. Look at other companies the crew has been involved in together, even using Share Prophets as it’s propaganda arm. Terrible.
Agreed FCA and shareholder Legal Action is required against the proposed directors, the broker and Hemant Poddar and his son this just adds to the lists of reasons why.
FD if the purpose was constructive I would be fine with it but this requisition is not structured as constructive but instead is damaging for all shareholders (it’s all for the proposed directors and associates that looks pretty obvious), as is the surrounding behaviour of its proponents.
I’d go further and say I believe dirty tactics of FTG, and the proposed directors, rightfully can be extended to include the following:
• involvement by current Directors of UK Plcs (Koot and Rollins are both directors of Beacon Energy, previously known as Advanced Energy), who have burnt through extreme amounts of shareholders’ money in the past with no ramifications (including mine at Advanced Energy) and with nothing to show for it,
• the same UK plc directors Koot and Rollins have attacked this company through an anonymous online network on Twitter, here and elsewhere for months and months to further their goals for this requisition obviously planned for a long time,
• possibly working with the previous broker throughout the whole period up to now which appears pretty clear is the case, given the whole resignation letter sharing thing on Twitter,
• apparently using inside information which is basically acknowledged now without consequence against them???
• working with a disgruntled brother (Hemant Poddar) and his son (Harshi Poddar), as was made clear on Telegram by Harshi literally writing this is the case on there recently,
• working with a brother who has been setting up rival and competing businesses to TGR in India/Tanzania apparently even whilst he was a TGR director (talk about a conflict of interest!?), again as mentioned about by the son of Hemant on Telegram,
• working with the disgruntled brother to leak and spread his resignation letter to support their requisition since then (yes it’s been seen shared on Telegram, I’ve seen the screenshots of the email which has the other NEDs in cc, and was shared by either Hemant or his son or both, maybe even the two previous NEDs. I also believe the FCA should ban them and their current associates from the London market for doing this, it’s facilitating the illegal sharing of confidential documentation, and that includes the previous NEDs that seem not to care about the likely/possible illegality/immorality of the actions of the people they are in bed with, which just suggests they’re fully involved to be honest)
• leaking their own requisition letter to Share Prophets, yuck! Before it was even officially announced AND STILL working with share prophets since,
• seemingly encouraging the abuse of the company’s advisors as has been seen on here,
• discouraging individual shareholders from using their initiative to speak with management themselves
It’s a terrible list, but possibly “it’s just business”. My vocal concern stems from how easily they’ve burnt through money before from the likes of myself at Advanced Energy with no consequences and w
Imagine thinking shareholders should be denied the right and ability to directly speak with management, that’s what’s being suggested by Fairdealer and the FTG crew, sigh, don’t let them take your money like they did at with mine at Advanced Energy. Desperation of the FTG group and the proposed takeover directors is a smell getting stronger and stronger that is clear now they are increasingly being called out, I applaud all who have supported bring all the dirty tactics and connections to light
I forgot to add all this info is available in the annual reports on Beacon Energy’s website found in its corporate documents section from 2021 onwards.
There’s 2 sides to every story but each side should be scrutinised and currently I have not seen that here for the requisition group, make sure to do your own research on each individual, don’t just take them at their word, especially after the track record they have shown. Burning through £20m with nothing to show for it, no assets, no revenue, and over $400k of shareholder money in the pocket of Mr Rollins over 2021/22 is not a good look you’d want to see replicated here!
This comment made me post as one of the people effected by their previous dealings and for the record of vote against the resolutions without a question as a result. Fairdealer tell me:
Was Mark Rollins punished or made to face any consequences or reckoning after Advanced Energy raised over £20m from shareholders and investors and burnt through it all, writing it all off within 12 months, while pocketing over $400k for himself? That’s what happened it’s public record.
And after that? Well they rebranded, repackaged, kept on the questionable broker Optiva, and came up with Beacon Energy and as has already been covered by others invited his pal Leo Koot to join the Board of Beacon on which they both currently sit. No consequences.
Disgusting hypocrisy (assuming you’re aware of all the above) but your agenda is clear having read your posts.