Member Info for Toffers

Where have I actually said bankrupting a company over a share certificate dispute, I'm implying that the winding up application will freeze bank accounts, that in effect stops a company from trading, there is nothing in dispute as at present, Gowlings claim stands undisputed as nothing has been noted otherwise, they will have a winding up order hearing date already, DR said it is not far away, HHJ Voss if he learns of all of this, which surely he will, has discretionary power to make any orders he so wishes, he might decide to hear evidence in chambers on the current financial status of the company, and if he thinks there's no merit in any further action by anyone, it's within his power to make the winding up order. Just saying. my views. I've already said I have no idea when the notice will appear in the Gazette, that is down to Gowlings, I've provided plenty of information from various sites to help you try and ascertain it for yourselves, but as I repeatedly keep saying, until the certificate of service document is seen, then it's impossible to calculate when it could appear. I've provided links to the Gazette website and clearly peeps are now using them, you are using all the links I've provided to assist, and yet you continue to slate me. Unbelievable.

They post notices all day! have you not noticed?

Funny then that I, and one or two others, are the only ones who have been right about whats been happening here isn't it! 43p to less than 2p and you all still think a sale is on the horizon! You've all been stitched up ages ago, and yet you still wont see it and live in a constant state of denial. 9 years for no sale of anything, not even a few bags of concentrate! ha ha ha, and now the company's finally winding itself up, having moved monies in to Russia and offshore, and will be out of the jurisdiction here, and there's absolutely nothing any of you can do about it, as you've been royally conned! entirely my views! Takes the blinkers off folks, there could be a winding up order by the end of the week at this rate!

And whilst you lot have been posting for months on end, sale today, sale tomorrow, sale yesterday, and garnering people in to invest on the back of your falsehoods, you can't take it when the company itself has sent itself down the pan with a Winding Up Petition against it, because the very lawyers who dug them out of a hole and brokered a settlement for them on the two Logik cases, can't then find the money to pay the said lawyers. It's beyond pathetic. entirely my views although some facts are contained within.

Oh get real Leno. And no, I have a holding of less than 100 shares. The red flags were out long ago, and I hope Gowlings end the fiasco once and for all. my views of course.

Summit you said you had filtered me earlier, but yet you keep responding after each post! strange that isn't it!

It's not guesing though Leno, wrong, it's FACT, there is a WINDING UP PETITION against the company by their own lawyers in situ! It cannot get any worse than that!

Excuse the typo

On top of that, they've been calling me a transvestitie thanks to IKN, which I am not, and now more of their mates have cottoned on and are using it on other forums to try and demonise me. That's the pathetic lengths the bullsheisters here will go to.

I've been posting facts regarding the gravity of the WUP for days, but the bullsheisters just ridicule me, instead of tackling head on that they might be about to lose all of their shareholdings!

Dying to see what they do, do they try and save you all, or let it all go to the wall? and then they bumble on to the Q&M trial!

"Once the petition is lodged at court, the creditor must wait seven days before placing a notice in the Gazette which advertises your company’s insolvency. This alerts your bank and other creditors, who may also decide to take action against you."

same source

o/s debt here is over 108k as pleaded by Gowlings from recollection plus further costs.

"Because the compulsory winding up of a company is a costly process for a creditor to initiate, a WUP represents an extremely serious threat to your business. If a winding up order is granted by the court, the company will be closed down with the loss of all jobs, and an investigation into the actions of directors begins."

same source.

Right now, without notification to suggest otherwise, this is where it is heading ....

"During compulsory liquidation, all business assets are realised by the appointed liquidator, to repay your creditors as far as possible. The company is then removed from the register at Companies House, and ceases to exist."

handpickedaccountants.co.uk

https://www.handpickedaccountants.co.uk/articles/insolvency/what-does-it-mean-when-my-company-is-facing-a-winding-up-petition

OSF it's apublic forum, and I am entitled to post as much as anyone else with my views. My views do not match yours. I have been a lawyer. Many back room lawyers do not understand the complexities of litigation. For a start, as I've already said before, walls have ears, and barristers talk in the robing room. You only see them arguing against each other, I've seen them countless times in the robing room laughing about their clients and betting on how many times one can get the most favoured word in to their opening speech or submissions. I've had the bet thrown at me when summing up in a closing speech a few times and the Judge raises an eye brow having cottoned on to what the bet is! My point though is, barristers chambers are usually headed by Recorders and Judges and they will be aware that Gowlings have not been paid by Eurasia, trust me. So how do you think the Master who hears this case is going to view that privately? The last thing you do when going in to a contested trial is allow yet further litigation to hit the fan. The Q&M case is simple, why did the company not agree to replace the certificates? If ownership had changed, then how did that occur when Link are in charge of the share register? So assuming ownership did not change hands, then why did the company not sort it out between 2018 when first notified and end 2021 when Q&M felt they had no option but to issue proceedings? There is always a winner and a loser in litigation. There is always the chance of an appeal happening. There is also the risk here of the company going under due to the intervening WUP. You need to be concentrating on the WUP, forget about Q&M for now, the WUP is the biggest threat on the doorstep right now and that advertisement could be very near. And whilst the WUP remains in situ, the company cannot sell its assets nor the company itself. They have put shareholders in to this awful position wherein it appears from the UK end, they simply have no money left to pay anyone here. Entirely my views.

The Q&M case is simple, it hinges on;

did they own the shares at the time the certificates were lost? Link can answer that.

have they remained the owners of the shares since then to trial? Link can answer that, and if there is any question as to not, then why so when Link have control of the share register?

so like you or me, it would appear that Q&M have had control and retained ownership of their shares throughout, they've lost their certificates, reported it, and tried to get them replaced, they eventually managed to get an offer of indemnity insurance but it wasn't acted on in time by the company and so the offer expired, and then subsequently the war intervened and now they can't get indemnity insurance at all as a result.

That situation could have been you or I. Would you want to be invested in a company that won't even sort out replacing lost share certificates like this? Personally, I wouldn't. And all of this is running up litigation costs, and as I have said, the bulk of those costs come in just before and during trial. So they are costing shareholders more money, and money which according to Gowlings, it would seem they don't have! Entirely my views.

OSF you really have turned tailcoat. You were agreeing with me a year or so back that peeps shouldn't vote for the company to increase the number of shares they are allowed to flood the market with without shareholders consent, then Tillywhizz sent out his decree that anyone who went against it would effectively be out cast, and now suddenly, you can't see the wood for the trees, odd that!

Damages are claimed and so is other financial relief. The Judge can do what he or she likes with that, as a Judge has absolute discretion.

Indemnity - they can't get any indemnity now, so that's a moot point and worthless arguing by you.

Hypothetical sale? sale of what? it's there in black and white following the WUP, they cannot sell any assets or sell the company whilst the WUP is in situ.

I have already said long ago, resolve it eurasia, give them their share certificates on the basis of an undertaking from Q&M to the Court that no one else has ownership of the same. By giving an undertaking, if they breach it, they will be in contempt of court, and then a Judge will recall them to court to explain why they have breached the same.

At the end of the day, Q&M wanted to sell shares at the height of the sp and were estopped from doing so because the company had dragged it's feet and refused to replace them, even when Q&M had an offer of indemnity insurance to hand.

Eurasia didn't want them to flood the market with 60 million + shares sold, it didn't suit the agenda, as it would have plummeted the sp without a doubt.

The WUP has intervened only recently and is a separate issue and Q&M have no control over that. They will know their case is no longer viable if that WUP has merit and it's a difficult decision for Q&M's lawyers no doubt to advise on. Damned if you do and damned if you don't. At the moment, all they can do is press on towards the trial, which I think DR said is next week now. All they can do if they win, and my gut feeling is they will, is then piggy back on to the WUP once the WUP order is made, and hope they might recover something financially, although looks highly unlikely, as I'm sure the company are going to delist, and to me, it all seems rather contrived from Eurasia's end, I suspect they never really intended the Q&M matter to be heard, and I doubt they will defend the WUP, I don't think they've got any money left here in the jurisdiction anyway by the sounds of things.

Christian will retire, he's feathered his nest with the directors salary and pension provision, DS is long gone, JN is now gone, and the others have their own interests including AM, so no skin off their noses. And some $35 million or whatever it was, has been loaned out in Russia, and in offshore accounts, only touchable by those with authority!

They are not bothered about the WUP! If they were, they would have paid their lawyers and thanked them for brokering the settlment with the Logiks months ago. Disgraceful that they didn't do so.

Entirely my view

As the company inch nearer to that WUP being notified in the Gazette! Oouch!

Summit, you're twisting things, this mornings reference to a punt wasn't in eurasia, as you well know. I maintain my 'get out' stance for eurasia, have for some time since noting the red flags accruing. You are another clown Summit. my views.

The proceedings were issued back in December 2021 IKN and Daniel Margolin was advising. The amended particulars were May 2022 and his name is contained on the document as he drafted the same.