RE: Guess the date - Ian’s competition15 Nov 2023 15:31
so q&m went to court ready to fight. effectively, they lost.
company were advised to settle clearly, i always said they would be.
so company offer q&m replacement share certificates after 5 years of denying them the same. and no indemnity needed after all.
q&m have asked for damages and costs and no doubt will get the same as their part in settling and saving the company from being 'whitewashed' in public!
company want to make sure no one else lays claim to the certificates (rather spurious), and q&m have already stated they have always retained ownership and link, the company's own share registrars, would have been notified of any changes of ownership on behalf of the company in any event had it occurred, but to quash the argument, agree to an ad being placed, as who knows, brokers could have been messing about to aid shorters.
tomlin order made and judge stays the proceedings, but a tomlin order means the matter can go back to the judge for enforcement.
the exact terms of the order including costs and damages remains confidential to the parties and the court only, so yet again, veiled in secrecy so investors can't see how bad the financial damage is.
5 years of wasted time, money, and stupidity by a totally inept board whom you should all vote out on a vote of no confidence, but instead, you now wait for their next move, but at some point, there will be a final move, which is likely to be de-list, as they will have no funds left here at the rate they are going. my views but how much worse can it get apart from de-list, which would actually be a godsend at the rate this company is losing investors money. again, my views.
they won't sell any assets to benefit uk investors. i dare say a deal has already been done with rosgeo and nn to occur within russia once they've delisted from here. another aim company full of total bull****e! my views of course.
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