Member Info for Toffers

This is the barrister representing Q&M. Read the blurb, it's a very fine set of credentials, and he won't come cheap!

Two things of note stand out, one is "he gives thoroughly prepared and commercially sensible advice, and his analysis of the risks in cases is always spot on" and the other is, he's been a contributing editor to a book on Directors Disqualification. He's going to eat Eurasia alive! my views of course.

https://uk.jha.com/our-people/profile/daniel-margolin-kc

IKN get a grip, the put money this morning isn't here, it's elsewhere! Get with it. I wouldn't put anything in to this other than the few shares I have and certainly less than 100!

Just to point out OSF, you will see for yourself;

"(4) Damages to be assessed

(5) Further or other relief

(6) Costs"

It's there in black and white in the amended particulars of claim filed by the Q&M, but you conveniently missed that out of course!

3.5,? where on earth did you get that figure from?

Dattabase, when will you realise, they are currently worthless, they are unexcavated so the minerals remain the property of the Russian State. Go figure. Set ups all round. my views.

NT on anything over 1k buys, so looking good. Glad to be back in.

Was requote for a few seconds there, looking good!

Yes I've read the AMENDED particulars of claim OSF. You only refer to the particulars of claim. Yes, I've seen how the company is portrayed as dragging it's feet in the same through it's share registrars, Link. Yes, I can read how the company did nothing. Yes I can read how Q&M tried desperately to settle it over 3 years and even obtained an offer of indemnity insurance, but the company did nothing, so they had no other recourse than to issue the High Court proceedings. Yes, I've read how they lost out on being able to sell their shares, particularly at the sp highs, and how they claim for the share certificates to be reinstated, and for any other damages as the court thinks fit which if they win on the first argument of the certificates not being replaced when they might have been, then damages should follow, but I've pointed all of this out before when IKN didn't realise also. The Judge hasn't thrown the case out at first instance, so he clearly thinks there is a case to be answered. The company have done nothing to settle it, they could easily reinstate the certificates and at least that would earn them a feather in their cap, but they've not done so, at this low an sp, would it be any skin off their nose to reinstate them? No. But Q&M will definitely want damages, so I suspect that is why the company is still trying to defend it because they don't want to end up with colossal damages awarded against them, as there is no other reason not to settle it,plus they will have the claimants legal costs to pay in full as well. You tell me why they haven't just acquiesced and now reinstated the certificates? Anyhow, that aside, I suspect they will have been advised by their counsel that their chances of winning the case are slim, and my own view is, that is why they are not bothered about the Gowlings WUP. They've had three High Court cases against them, so far they've not won any, they've settled one, and paid out the claimants but not their own lawyers, they are trying to argue the Q&M one but imo are on very shaky ground, what if they were your share certificates that were lost? you would hope they would be replaced quickly and certainly in a timely manner so you could sell if you wanted to. Q& M are no different other than it didn't suit the company to have them sell the shares en masse and thus create panic. And now we have the Gowlings case, and that case is about as dire as you can get when you don't even pay your own lawyer who brokered a settlement for you on one of your other cases! all my views of course.

No relation of mine but makes a very interesting point about the shares. Remember AC selling those shares and the Board said they didn't know anything about it, and then we got suspension again? Ummm!

The WUP would take effect when the Order is made, if it is made. There has to be a hearing for that, but Dr Diversity seems to think the hearing is early to mid December, which isn't that far away! The company are now stuck of course as they cannot sell any assets or dispose of the company in any manner. my views.

There's shorters out everywhere tonight, HmmmNice is trying to have a good old run for his money on other forums, being so insultive as he's so desperate, and the same here with some of the same multimonikered shorts. Until tomorrow. Pray for Peace.

Is HmmmNice dave the drill?

Wrong and please stop insinuating I am someone else when I am not, also stop being insultive and saying I'm a transvestite when I am not, nothing wrong with anyone who chooses to be, but I am not and I find it very insulting, and I don't drink alcohol, so stop insulting me by saying I'm an alchy. You are a shorter, an very abusive shorter, and you are known on a number of the forums, and your posting history is there for all to see.

Watch yourself, you've already been reported a few times and some of your posts are beyond insultive, and deliberately provocative.

Shorts are out everywhere tonight, they are absolutely wetting themselves, so hope they get caught with their pants down when the market opens tomorrow, I'm going to buy a chunk here for a start bang on 8.

What a load of balderdash, I have one handle and only one, unlike you, you multimonikered tw+t

DR has said there is a hearing set for it, I think he said first or second week of December in Birmingham. How he knows that I'm not sure.

OSF, it's there in black and white, 7 business days, if the WUP was served on 25 Oct, the earliest for the Gazette would be last Friday by the looks of things, but as I have repeatedly said, none of us know the date it was actually served, we know the company state they got it on the 27 October, but that doesn't mean it was served on that date, although it is looking more likely, but the certificate of service is the only date that will clarify and I've kept saying this.

"If you don’t take immediate action to either pay the creditor or dispute the winding-up petition before it is advertised, the bank immediately freezes your accounts. Once this happens, the business cannot access the funds in those accounts, making it impossible to trade or even pay employees and suppliers."

same source

You can read the rest for yourself Sandwell.

"After a WUP has been filed at the court, you will not be able to sell your assets or company, put your company into a pre-pack administration or issue any new charges. The creditor who issues the WUP must allow seven days after serving the petition before it can be advertised in the Gazette. The Gazette advertisement must be at least seven days before the high court hearing. If you pay off the debt, the petition will still exist, and creditors can attach to or “piggyback” on it to include their debts. However, if your company doesn’t pay off the debt, it will go to the petition hearing, and a winding-up order will likely be issued."

same source.

Clear enough?

"A WUP can be filed when a debt is owed to a creditor, and they have been unsuccessful in their attempts to recoup funds. They may have sent letters or taken legal action, such as a CCJ or sending in the bailiffs. They must also be owed a minimum of £750 and have some certainty they cannot recoup the funds from the business by any other means."

same source

Got it yet? sunk in yet?