ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

NEOS Neos Resources

0.415
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Neos Resources LSE:NEOS London Ordinary Share GB00B02QN409 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.415 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.415 GBX

Neos Resources (NEOS) Latest News

Real-Time news about Neos Resources (London Stock Exchange): 0 recent articles

Neos Resources (NEOS) Discussions and Chat

Neos Resources Forums and Chat

Date Time Title Posts
06/9/201714:45NEOS Resources - Biofuels (the old D1 Oil DOO)6,630
04/11/201316:04Going somewhere?76
23/8/201315:02The New Neos Resources4

Add a New Thread

Neos Resources (NEOS) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Neos Resources (NEOS) Top Chat Posts

Top Posts
Posted at 25/7/2017 22:30 by godolphin
Nothing to do with this really but shows Brian Myerson is active again after a little rest with divorce payments and things! Perhaps he is interested in Neos, who knows? Someone is.
Posted at 24/5/2017 23:34 by family values
Hi Giglo
Just reading through this mess.
I hope you haven't lost too much.
I admire what you are trying to do, you're obvious a tough old bird.

I hope HNR works out okay, I'm afraid I lost confidence in the game plan when DTU and Helios went on the missing in action list.

Be careful on that one, Renagade selling the East Denver rights so cheaply and then offloading their shares really frightened me. The whole enterprise started to make me feel very uneasy.
I have a big character flaw where I can convince myself that I'm totally right about a share, ignore all the warning signs, even though an unattached , objective person would run a mile.
Reading these boards I suspect I'm not the only one. Pathological gamblers the lot of us.
I was glad to get out at a small profit. At one point I feared I'd lose everything.

Hopefully I'm just too suspicious, and it isn't a big serial ponzi.

Happy hunting with this NEOS disaster, would be great to see the punters win just once.
Posted at 24/5/2017 20:34 by g1g4lo
My previous post was sent to all resigned Directors of NEOS on Monday.

I have also spoken to SCB & Associates about these activities but they refuse to return these assets unless instructed to by a government organisation. They bought D1 Oils Trading Ltd which did actually have £16.1m of tax losses for £51,000.

This happened on 28th March and all Directors of NEOS all resigned by March 31st and expect NEOS to go into liquidation. The reason for this is I believe there is a charge of around £300k against NEOS which they have to fight in court.

But these tax losses within D1 Oils were sold without the authority from the NEOS shareholders as each Director firstly need to be appointed and reappointed every year within an AGM or EGM. The last AGM was held on 28/11/12.

As this did not happen and the Directors, even though it was written into the accounts were working within the Companies Act 2006 but failed to do so. The actions of moving the PSC (ownership) from NEOS to SCB & Associates was Ultra Vires. In other words, the Directors of NEOS sold D1 Oils to SCB & Associates without the authority to do so as not approved by the shareholders and pretty much removed the only real asset NEOS had and placed NEOS in a position of liquidation.
Posted at 24/5/2017 20:20 by g1g4lo
Dear Mr Tainton

From our many discussions over 2015 and early 2016, it was quite clear the actions that you were taking regarding the positive way forward for NEOS Resources Limited. You also knew my holding of 4,500,000 shares in NEOS Resources PLC (Company number 05212852) which is 2.52% of the 178,315,219 shares in issue and was very enthusiastic of the actions being taken to utilise the assets NEOS held directly in the 100% owned company D1 Oils Trading Limited (Company number 04645184)

The main asset were the tax loses in D1 Oils of £12.2m which was clarified in the 2016 accounts which were issued to Companies House on 25th October 2016.
These tax losses have to be utilised by a similar business in other words, the biofuels industry as per the agreement with HMRC.

I have monitored the company website for these accounts and for any AGMs but nothing was ever been updated and then the website was removed in March 2017. There has been no AGM since 28th November 2012. Clearly as a PLC, each Director has to be reappointed to have the authority to perform certain actions and with selling D1 Oils to SCB & Associates is Ultra Vires after looking though the Companies Act 2006.

I also understand the action of selling these huge tax losses were sold at a minimal cost which does not support the shareholders of NEOS but looks very suspicious for those Directors involved from NEOS. Together with the actions taken by Companies House to strike off NEOS Resources Limited in both November 2016 and March 2017 which was quickly discontinued with your actions, can only be done to perform the Ultra Vires activities. Clearly there is a paper trail identifying why you took this action and the liabilities affecting NEOS Resources Limited I am sure will be prior to these actions.

You have not called me after requesting on a few occasions for the months prior to performing these activities of which you also have a responsibility for. I suspected something was untoward, especially after you were appointed a Director of Focus Ventures Limited in Canada on 25th January 2017 after discontinuing the strike off action for NEOS in November. I was expecting an RTO in D1 Oils as part of the NEOS group and potentially looking into reversing into D1 Oils Trading Limited and hence we needed to speak but you never responded to my emails. Now it is clear the actions that have been taken by looking at the reports held by Companies House.

You did however call me on May 10th after my email on the evening of May 9th, the day Companies House were informed of the PSC change in D1 Oils Limited. I have also emailed you a few times since to arrange a time to call to make sure I was free but you have failed to do this. Therefore I will now taken the relevant actions to try and return the assets that NEOS had of which I own 2.52% together with other shareholders to put these actions right.

The only action from preventing these activities being reported to Companies House, HMRC, the Serious Fraud Office, the insolvency service, the administrators when appointed, the FCA is to reverse the Ultra Vires activities and return the PSC of D1 Oils back from SCB & Associates Ltd back to NEOS Resources Ltd. This can be done and I will leave you to resolve this immediately. I will also be informing the UKLA of these activities to prevent any company reversing into D1 Oils Trading Limited.

This action has to move quickly for which I will defer referring all the relevant documentation to the appropriate authorities for 7 days. Relevant action needs to be taken and confirmed in writing.

The following Directors I will also be referring to the authorities are:-

Yourself, Mr Gordon Richard Tainton (please forward to Mr Moquette & Mr Thomson)
Mr Dominic Traynor
Mr Michael Conrad Baeschlin Moquette
Mr Russell William Thomson

A copy of these actions will also be reported to the Auditors KSI (WA) in Australia and Barclays Bank.

Clearly, the main objective is to reverse the Ultra Vires activities. It is also clear from the above copies have been sent to SCB & Associates who are now in 100% control of D1 Oils Trading Limited and this email will be referenced to if any further activities happen to assets that need to be returned to Neos Resources Limited.

I will also be taking further legal advice with regard to any further activities happen with D1 Oils Trading Limited to prevent these assets being reversed into to benefit the previous Directors of the NEOS company and group of companies for which D1 Oils was part thereof.

I feel I should apologise for these actions I am taking but as a Director of a PLC, it was up to you to return and communicate with the shareholders but you did not. Hence I feel 7 days is plenty of time to correct this and look forward to all involved to correct this and putting it right by making the PSC actions taken on 28th March 2017 void.

Regards
Posted at 10/5/2017 23:27 by g1g4lo
Sent to Mr Tainton and will respond if I hear anything. I suspect not as he has not responded to my 2 recent emails.

Dear Mr Tainton

I can only assume why you have not responded to my emails as this document



seems to confirm everything. I last spoke to you in March 2016 but it looks like you planned to leave NEOS investors with nothing. I suspect it was Bryan Myerson that caused the problems but I would appreciate an explanation.

You passed the PSC from NEOS on 28th March to SCB & Associates Limited prior to your resignation on 31st March.

This is where all the tax losses are. As you know, I had a reasonable holding of over 2.5% in NEOS and suspect I own nothing now. It looks like you gave the tax losses away to SCB & Associates and this was planned last year on 6th April 2016, just after I spoke to you last year.

This in my view was done to prevent Principle gaining anything but unfortunately I lose everything also.

Can you at least confirm that all NEOS shareholders have lost everything as per the confirmation statement issued today. An email will be fine but by all means, call me on +44 xxxx xxxxxx. I feel after our multiple discussions, I at least deserve an explanation after I was trying to find other investors to invest further for a reverse takeover.

Regards

Xxxxxxx
Posted at 10/5/2017 22:43 by godolphin
Getting anything out of Neos was a long shot and I'd written it off a long time ago. But it seems someone else is going to make something out of a Neos asset which is annoying.
Posted at 10/5/2017 22:42 by g1g4lo
Disgraceful behaviour by Mr Tainton.

No wonder he did not answer my emails as he passed the PSC from NEOS on 28th March prior to his resignation on 31st March.

This is where all the tax losses are. We have shares in NEOS and own nothing now. Given the tax losses away to SCB & Associates and this was planned last year on 6th April 2016, just after I spoke to Mr Tainton.

This in my view was done to prevent Principle gaining anything but unfortunately we lose everything also.
Posted at 10/5/2017 22:23 by whoppy
Makes you wonder why SCB want's NEOS. Are we now shareholders in SCB..or have we all disappeared like NEOS has. If SCB use our tax losses then that's not fair.
Posted at 12/4/2017 07:59 by g1g4lo
Sent another email to Mr Tainton on Sunday just requesting if he could now answer any questions as he is no longer a Director of Neos although he is still a Director of 2 sudsiduaries.

I asked if he could not go any further with NEOS in line with his original plans and left NEOS now in the hands of the existing shareholders. I also asked in Brian Myerson a major shareholder through Principal prevented him going further.

I asked for a very general response otherwise to let us know roughly what is happening.

No response as yet so still non the wiser.

Will let you know if I hear anything more
Posted at 04/4/2017 22:43 by g1g4lo
Well surely it has to be Focus Ventures reversing into NEOS and be a UK registered company to take advantage of the £20m+ of tax losses? So reverse into NEOS but with dual listing in Toronto? May have to resign first otherwise it would be a conflict of interest as he is the President & Director of Focus Ventures.

Unless Bryan Myerson with principle had too much of a holding and they could not sort it? He was a pain and never responded to Mr Tainton unless they expect to dilute him and us considerably.

Should find out soon one way or another but still had no response to my emails about NEOS.
Neos Resources share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock