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Agreed, surely something happening behind the scenes which is positive. I have re bought a very small amount just incase we can rise from the ashes. It would make a lovely change to own shares in this company on the day good news is announced. It would take a miracle to even get a fraction back of what I’ve lost here but I’m willing at this stage to lose a little more just to have that glimmer. I wish all holders luck particularly anyone who has been decimated investing in this awfully run company .
Well done RBM and all those supporting the action group. I wish you all well in your efforts and it sounds like lots has been happening behind the scenes. I keep an eye on this company which has badly scarred me and just hope those responsible for the disgraceful treatment of ordinary hard-working shareholders are brought to justice. It’s refreshing to see people stand up against those abusing power and privileges.
I have received a reply from HL, posted below.
Thank you for getting in touch.
I am sorry for the concern caused.
The company's admission to the AIM was cancelled on 12 Feb, so they were delisted at that point. It is fairly common for a company in liquidation to delist before an initial liquidation payment date has been set.
As mentioned in our message, we expect for there to be a payment to shareholders however when and how much this will be has not been released yet. This is also quite common. Unfortunately these processes take time, however we will release this money to shareholders once we receive it.
Hope everyone is making up losses accrued here and there seems a slim chance that we may receive something back.
I will email HL and see what they have to say . I’ll post the reply in here when I get one .
All the best
Hi Gordon, thanks for posting the response you got from the liquidators. I have reposted the email from Hargreaves lansdown. I wasn’t expecting much but for once it would have been nice to have not have been lied to. I voted against all resolutions so part of me feels satisfied that I didn’t fall for it.
What is happening?
The board of Safestyle UK plc has announced details of a proposal to liquidate the company and return cash to shareholders. The company will appoint a liquidator subject to shareholder approval at an extraordinary general meeting (EGM) to be held on 10 January 2024.
How to find out more and vote
You can vote on whether the liquidation goes ahead online. If you’re already logged in to your account simply click here and select the ‘give instruction’ link next to the relevant shareholder meeting.
If you’re not currently logged in, you’ll need to follow the steps below first:
Log in online at hl.co.uk
Select ‘view shareholder meetings’ which you’ll find under the link to your secure messages
Click the ‘give instruction’ link next to the relevant shareholder meeting(s) and follow the instructions.
You’ll need to do this before 7pm on Thursday 4 January 2024 so your vote can be passed onto the company before the shareholder meetings. If you’ve recently bought shares, it will take 2-3 days for you to be able to vote on these.
We’re not able to accept instructions through the HL app.
How much will I receive from the liquidation and when will this be paid?
The company is expected to have sufficient cash resources to make distributions. The date for these has not yet been announced. We will contact you again once we have received confirmation.
Other information and warnings
Should you have any queries relating to the liquidation please contact us. Please note, we can provide factual assistance but cannot provide advice about which option you should choose.
Yours sincerely
Mya-Leigh Sim-Jones
Corporate Actions
Hi Gordon thanks for the empathy regarding copl, well done on getting out hopefully without a loss. I actually sold some copl shares to get into here thinking we might see a bounce just prior to suspension. I bought at 0.45 . I have no idea as to the amount we might recover back.
Great post Austin. There has been deception here and people including myself have lost a huge chunk of money. I can’t do anything about it now as I sold as I couldn’t tolerate owning shares in this company any longer.
I really hope holders seeking some answers l get those answers and hopefully receive some of their hard earned money after proving that foul play has taken place on a wide scale.
People who own shares are not rampers because they choose to believe official company documents released by RNS and see potential . They were (including myself) seeing very good reasons to invest which sadly is exactly what they wanted private investors to think. Of course there were red flags and of course some people were warning against buying share here. But every company has detractors and more optimistic investors who might comment . The key has always been the official company updates via RNS. Share holders have been misled.
I hold 665,000 shares and I voted against all resolutions . I did receive the message from Hargreaves lansdown about distribution so the content of the letter posted previously here was correct.
I have been busy losing all my money in copl so not been checking here much. I voted against resolutions here partly as I have completely lost faith in trusting the BoD’s in all companies under stress (because if copl experience) and partly as I believe the message I received through an email from Hargreaves lansdown should have been RNS’d to all holders. I am almost certain we’ll receive some money back however I am not expecting much, not based on anything other than a hunch.
Good luck to everyone holding
Coplherder have you considered speaking with your local MP about the private investors in COPL, maybe they can stop any action being taken ? I’m trying to throw you a bone here because I feel sorry for you . Your local MP would most likely pretend to listen to you at least. Keep it up as your motivation for posting here seems really credible.
If I were still invested I would listen to RBMinvest and fight tooth and nail. Good luck with trying to at least explore the opportunity to lift the lid on this. If they have it all covered so be it but if you’re staying in you might as well try.
I’d say sell , or be ready to fight all the way. Just waiting and doing nothing is the only option I wouldn’t consider.
Speel brilliant and important post. I have to have sold out for peanuts and have had to face up to the reality of my gamble. I sold because it felt like until I did this company would continue to dominate my thoughts and energy and I wanted control back. I to used the small amount of money left to do something nice for someone else to make me feel a tiny bit of the money I worked so hard for was put to good use. My mental health has improved and I already feel more disconnected from this nightmare.
I wish those who are staying in to the bitter end and may battle for some compensation all the very best luck in the world. But there is an alternative and that’s to sell to prove to yourself you can. I don’t blame people for staying in come what may as everyone has a different situation. But what I know for a fact selling has helped me. Yes still lots of pain and worry but I’m able to form a plan and see through it.
The notion of just sticking with it because you’ve lost too much I get but even if the share price were to rise 1000% would it make any difference to your life. Of course this wouldn’t apply to people buying in now.
I feel for everyone nursing substantial losses of which I am one. I have sold just to feel like I’ve taken some control back and so that I can’t lose a single penny more here. I have some facial woes now to fix as I lost more than I could afford to (my fault).
That is me done investing myself and I have become one of the statistics of unsuccessful private investors. I will be glad not to read these boards anymore which are a cesspit in the main. Of course there are some honest and informative posters of which I am grateful to have read and learned from at times. I have learned that some of the negative posters were in fact just being honest and weren’t just looking to get the price down so they could buy. If I carried on posting on these boards I think I would probably be classed as a deramper now as I’d be warning about red flags and ceos who could be misleading people.
For everyone who’s struggling right now keep your chin up , work out how to put one foot in front of the other and a plan to be free of this type of thing happening again.. For those investing in other shares or continue to hold good luck also I hope you claw your money back.
Sorry for the long post .
Leew, I have decided to keep holding and in so doing losing more money. With each day that passes without news share holders are likely in my opinion to lose more money. I think some people are being way too generous to the Bod. The line about private investors being patient as if we are too needy doesn’t apply anymore. These are exceptional circumstances . My bet is what they tell us on the last trading day of 2023 they could tell us now. I’ve lost all trust. If it’s bad news I’d rather know today .
It’s the disrespect and lack of empathy which upsets me most. They just don’t seem to care. The worst of the worst the people involved in this. No plan B ? Unfortunately they are part way through plan A which always involved private investors to lose money.
Who doesn’t benefit from a takeover at this stage ? It does seem a possibility . I’d take losing less and accepting a low ball offer just to be out of this company. Of course people with high averages would be the losers (including me ) but from where we are right now a takeover is very attractive .