Fibregen Share Discussion Threads

[david77] 02/3/2010 08:28

Result of General Meeting
RNS Number : 0682V
Libra Natural Resources PLC
22 May 2008

Press Release 22 May 2008

Libra Natural Resources plc (to be renamed FibreGen plc)
("the Company")

Result of General Meeting

Libra Natural Resources plc, the international biomass-to-energy company, announces that all resolutions put to shareholders at the
General Meeting held today were duly passed. The full text of the resolutions is set out in the Company's circular to shareholders dated 30
April 2008 (the "Circular"). These included the change of the Company's name from Libra Natural Resources plc to FibreGen plc, the approval
of the appointments of Richard Squires and John Stirling as Directors of the Company and a share consolidation on a 15:1 basis (the "Share
Consolidation").

Under the Share Consolidation, each holder of ordinary shares of 0.2 pence each in the Company ("Existing Ordinary Shares") held at 5.00
p.m. (London time) on 22 May 2008, will have their Existing Ordinary Shares replaced with new ordinary shares of 3 pence each ("New Ordinary
Shares"). Holders of Existing Ordinary Shares will receive 1 New Ordinary Share for every 15 Existing Ordinary Shares held.

[david77] 01/3/2010 09:45

My computer crashed last week - hard drive reformated - I am rying to recreate CGT files - BE REGULAR - (back-ups, I mean).

Can someone please tell me what the conversion rate was from LNR to FBG - thanks.

[madengland] 02/2/2010 12:24

Am equally not best pleased with losing a good chunk of money. Anyone fancy helping out with my query?

[someuwin] 31/1/2010 15:37

Why would you get into trouble for calling someone 'jewish'?

[sg31] 31/1/2010 15:12

The rest seems ok.

[madengland] 29/1/2010 11:35

guess it is. Couple questions to anyone.....firstly how do I sell my holding now and crystalise the capital loss? As am aim stock, does it qualify? Or, if i just sit and do nothing, what will happen? Cheers

[turbotrader2] 25/1/2010 23:56

your cash is gone just like ours

[david77] 25/1/2010 16:10

No - it's two pages of typing and I don't have a scanner.

No phone number but from
Fibregen
31 Harley Street
London, W1G 9QS

[kooba] 25/1/2010 14:33

can you post communication as my nominees have not recieved anything

[david77] 23/1/2010 09:29

I've just received an update from FBG - just says that we are going broke slowly :-(

I don't expect to see any return from these shares :-(

[kooba] 07/12/2009 08:37

just because it went wrong because capital markets shut and they couldn't raise any money does not mean there was something criminal.why not look at evergreen and see what happened to the assets purchased that you think were hived off in some fraud...mostly written down to nothing.if you were an evergreen holder you would have just as much right to say the dael was dodgy in favour of fbg!

[david77] 06/12/2009 21:06

My view is that it stinks.

[kooba] 06/12/2009 17:48

not sure what the allegation is but peter greensmith had a lot more personally invested in fbg than he did in evergreen and he subsequently lost control of evergreen to ben goldsmith's interests who then delisted it.
some of the assets sold to evergreen became valueless such as prometheus so i'm unsure who did a good deal and who did a bad one.
ultimately mistakes were made and greensmith does hold responsibilty for much [in particular the st peter port put/call deal that floored the company]...however all decisions were backed by full board and the company's nomad.
is there any evidence that greensmith personally benefitted from any activity while involved in libra/fibregen apart from renumeration?? no

[david77] 06/12/2009 17:28

I'm going to copy #791 to the Serious Fraud Office
[e-mail]

Peter Greensmith was a director of FibreGen until 4 July 2008

[madengland] 06/12/2009 14:30

Thankfully this is my first and hopefully last shafting by a Company. What are the next likely steps and stages? Thanks

[david77] 02/12/2009 18:23

I copied this to the FSA after posting above - I have had no response :-(

I recvd the latest accounts today.

Page 52 - the co disposed of a portfoilio of assets to Evergreen Securities, of which Peter Greensmith was a director, for £2,684,000 satisfied by the issue to FBG of 2,556,462 shares in Evergreen.

Page 53 - (g) the co has Evergreen shares shown in the balance sheet at a value of £320,000. ... Subsequently Evergreen was delisted, when the shares in Evergreen were valued at 1p each, valuing the co's shareholding at approximately £25,000.

[abadan2] 02/12/2009 13:42

david77, you have been polite enough to refrain from pointing out that this destruction of value only took a year.