Avi Global Share Discussion Threads

[harry punter] 06/12/2004 16:23

daisy do things my way its better imo

[daisy777] 06/12/2004 16:10

Some legal advice would be helpful.

[harry punter] 06/12/2004 15:55

probably iv---------it will be too late soon

[iviighty_iviike] 06/12/2004 15:16

harry, you are talking to yourself!

[harry punter] 06/12/2004 12:11

adams speaks for 7% ldm speaks for 5% more than enough to have a good meeting i think with san 42%------if anything is ever to come from this investment its probably best if its resolved fairly in this way as we will be more likely to gain a much better deal for ourselves in open and direct negotiation with san

[harry punter] 06/12/2004 12:00

i suggest san, adams, ldm and myself attends this proposed action group meeting anyone else wishes to come -more than welcome ? --------its entirely up to you

[harry punter] 06/12/2004 10:38

we may need the use of lawyers as a last resort --however we can organise ourselves and pursue the regulators with our genuine complaints on bloc ---and i suggest we use john adams c/o charles stanley to support all our efforts to ensure fair play -----most of this can be sorted easily if san co-operates i suggest ldm contacts john adams and ask's him to arrange for a meeting now with san ?

[harry punter] 06/12/2004 10:19

would someone from the action group kindly prepare a formal letter of complaint --listing and pointing out all our concerns --this letter should be addressed and copied to all regulatory authorities asap ----i can speak for john adams and charles stanley on this is issue --until they are official brokers charles stanley can not go directly on record just yet

[harry punter] 06/12/2004 10:07

as i see it those assets san took from me as a shareholder cost over £6 million to produce --i want as a shareholder to know how much san has paid ? not an un-reasonable request

[harry punter] 06/12/2004 09:58

i want the authorities to block any liquidation of the parent company until after a full investigation has been carried out into san's personal and commercial affairs --this is not an un-reasonable request from an honest shareholder who suspects sharp practice against him

[harry punter] 06/12/2004 09:46

there is obvious crimes here that the dti/sfo/fsa/ and institute of chartered accountants need to be aware of --not to mention the role of the administrators as they will also need to be investigated for sharp practice and collusion ---

[harry punter] 06/12/2004 09:41

the next egm or agm whatever comes sooner is going to be very interesting --san will probably try and liquidate -to bury all his past skeletons ---well i am not going to let him conceal anything ---its up to us to get san to pay a fair price or return those assets that once belonged to all of us

[harry punter] 06/12/2004 08:56

it is my intention to have a meeting soon with san and john adam -to sort this company out ---and if he doesnt agree to my terms i will sue him for damages

[harry punter] 06/12/2004 08:45

i believe the san's have both broken the law --and as ldm said they were probably in breech of both employment contract's in resigning in the manner they did ---san will not get way with crime --i will make sure of this through my own legal adviser

[harry punter] 06/12/2004 08:38

we can appoint new brokers charles stanley subject to an egm --do i have 10 % votes and a seconder to the motion ?

[harry punter] 06/12/2004 08:15

those subsidaries he closed and liquidated --san closed and liquidated them no-one else --i want to know how much san paid for them ?

[harry punter] 06/12/2004 08:09

the law is wrong if it allows liquidation's to be carried out to former director's if those diposals deprives all other shareholders of a fair price-----we must fight this

[harry punter] 06/12/2004 07:53

option one

we can elect a new board amongst ourselves and then as argonaut's NEWCO can then if neccessary sue san for the return of all the assets he legally stole in return for his exact same payment that he alledgely gave to the administrators--

[harry punter] 06/12/2004 07:25

i think we should call an egm starters ---then by letter or meeting give san a fair chance to return the family silver or be sued by us for fraud and theft

[ldmachin] 04/12/2004 02:18

Surely San's contract also must have had a notice period required to be given. I don't know many jobs where you can just quit when you feel like it.

Cheers.

[harry punter] 04/12/2004 01:55

san and crilly both allowed a false market to develope in the shares --san failed to notify the stock exchange of a change in the company fortunes --he was more concerned about stealing the assets than behaving in the genuine interest of all shareholders

[libby69] 04/12/2004 01:26

Daisy, rd, some useful extracts from Schedule B1, Insolvency Act 1986:

"49 (1) The administrator of a company shall make a statement setting out proposals for achieving the purpose of administration."

"(4) The administrator shall send a copy of the statement of his proposals-

(a) to the registrar of companies,
(b) to every creditor of the company of whose claim and address he is aware, and
(c) to every member of the company of whose address he is aware"

" (5) The administrator shall comply with sub-paragraph (4)-

(a) as soon as is reasonably practicable after the company enters administration, and
(b) in any event, before the end of the period of eight weeks beginning with the day on which the company enters administration"

Eight weeks from October 22 = December 17

Libbs x

[rdpounder] 03/12/2004 22:21

snowy42, trust me things aren't drying up. Just because there's no water in the river, could just be that the water's flowed somewhere else....oooh cryptic!
Splish splosh...

[daisy777] 03/12/2004 20:06

Things seem to be coming together, there's a lot of work being done currently.