Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Yes I have seems now no protection for shareholders !!
Got your patronising message below so can you explain now how we stand given recent changes as simple as you can :)
No spks, I don't know how to make this any simpler. You already have shares in the new company (your Dev shares will become Veative shares). When Veative shares start trading on asset match you will be able to trade them and the new Veative shareholders that bought shares under the current recapitisation will be able to trade theirs (they are all the same shares). We don't expect the new Veative shares will trade for much.
Really so what you are saying harv99 is that veative are issuing shares to people to fund the company but investors are unable to trade these shares so is it now a private company ? and if so shouldnt the present dev shareholders be offered cash or share in the new company.... as I cannot do anything with my shareholding so not par passu more like scam I think
so did you ask the same question re shares :: re talk earlier of new shares being issued by Veative basically the same business. I did write to the e mail on the website to ask why the present shareholders have not been automatically given new shares to replace the others and allow people to trade their shares :: this is what I asked and received no response
Bagzzz you are completely correct I do not know how this can be legal and there was some talk earlier of new shares being issued by Veative basically the same business. I did write to the e mail on the website to ask why the present shareholders have not been automatically given new shares to replace the others and allow people to trade their shares even if at a much reduced price...no reply !! Does anyone know of any action being taken or possible surely there are rules that deal with this situation?
now you tell us
I sent an email to the investors e mail address and guess what...I did not get a reply :(
Yes but better to have a much diluted share that you can trade in the future then the present position !!
surely if new shares have been issued then our shares should be replaced with the new ones and then be back on the market for buying / selling ??? Surely you cannot just stop one share and issue new ones for the same business without the original share having entitlement ?
does anyone know what happened re first auction is it not supposed to be done by now....? Or any other update anyone has on this disaster :)
It is a bit outrageous that the company has virtually (excuse pun) abandoned their share holders the people who provided the funds to get them to where they are I see we have no input from scaredycat since who always seem to know the goings on and bulled up the company and claimed that they were not employed by the company.
It is clear that the company should set out the way forward for their loyal investors
Wonder if anyone can point me best way forward I have my shares with swissquote what is the best thing to do get a share certificate (is that possible) and just hang on and see what happens?
Half wit how can i be a half wit if I sold half my holding in the 40s...really dont know how you have the nerve to continue posting here, your constant ramping and in effect making out you are in the know has probably cost a lot of people huge losses and still you are bulling up this company despite the way they are treating the ordinary shareholders you really are a half wit !!!!!!