Fibregen Share Discussion Threads

[david77] 26/11/2010 10:05

I had a letter some time ago saying that they proposed to delist and take the company private. I voted against that - I would rather see the business wound up now so that I can claim the loss against gains (do you remember them?) elsewhere. I haven't heard the outcome of that vote - but I suspect that the dirs got their way.

I don't expect to see anything from this investment - a shame as I am sure that wood chips are being used in some power stations.

[madengland] 25/11/2010 20:15

Thanks david77. the frustration with a nominee account is knowig when that happens. When is it likely and how are you statying in touch with news?

[david77] 21/11/2010 07:47

Wait for the dirs to spend the remaining cash and then claim a loss when the company is wound up against future gains elsewhere. There are two free on-line calculators - one on www.stonebanks.co.uk (which I use) and another at www.CGTcalculator.com

[turbotrader2] 20/11/2010 23:52

so what if anything can we do with our holding?

[asparks] 14/10/2010 15:28

I have a large holding and get the periodic reports mailed to me

[madengland] 14/10/2010 15:17

Thanks david77. I realise the nominee bit, so the website had been my source of (lack) information. asparks I am guessing you are not a helpful source of any information, or can you confirm where you get the ReEnergy story from?

[david77] 14/10/2010 13:22

I have CREST account with Fastrade and was sent a certificate when the shares were suspended. My name is on the company's share register. I was sent info recently including a voting form on delisting. I haven't heard the result of that vote.

If your shares are in a nominee account you don't get any info from the company.

[asparks] 14/10/2010 13:13

ask the co.

[madengland] 14/10/2010 12:54

ReEnergy have been trading for several years from what I can tell? Where are people gaining any info on what is happening/could be happening?

[david77] 11/10/2010 17:37

I think that they are delisting - means we can't sell and realise the loss. I voted against the recent proposals - I would prefer the company to be wound up but I doubt if my votes with a few shares left will make much difference.

Seemed a good idea when I bought the shares. We can't win 'em all, I suppose, but I'd like to win a few.

[asparks] 11/10/2010 16:18

they are now ReEnergy

[16charlie] 11/10/2010 15:38

does anyone know what has happened to this company there website seems to have disapeared

[madengland] 31/8/2010 10:13

Thanks David77. Any idea what the key dates are?

[david77] 22/8/2010 10:00

Good question Turbotrader2 - and if we can't sell then we can't close our positions and use the loss against gains elsewhere :o(

[turbotrader2] 21/8/2010 22:28

so who can buy the ahres if we wanted to sell?

[sg31] 21/8/2010 18:03

Thanks David77

[david77] 21/8/2010 14:42

1: They want to take the company private - FibreGen Ltd instead of plc

2: Bondholders have accepted 90% of the company @ 3p/share
FibreGen would not have been able to repay the bondholders so would have been insolvent - I guess that a value of 3p on our shares is a little better than zero! but not much - I paid 155p/share!!

3: T2M Investments (who??) will own 5% and FBG shareholders will own 5% of Emerald Bio-Energy Ltd - who own a 100,000 ton/year wood pelleting plant on Canada. It burnt down last year - it has been rebuilt with a Canadian$1.3 million loan and is producing about 50% of capacity - limited by sales.

[kooba] 21/8/2010 07:54

mine also in nominee had ord and some conv.any chance of posting the jist of contents please.

[sg31] 20/8/2010 22:16

I have mine in a nominee acc.

What's the latest,nothing since 1/10 on web site

[turbotrader2] 20/8/2010 21:16

did you all get your letter this week

we have hope

[madengland] 21/6/2010 16:24

Does anyone have a scooby doo when we will get any news or likely outcome?

[david77] 21/3/2010 18:06

I don't think so - the dirs are still using up the remaining funds - I've got so much CGT losses that it doesn't make much difference to me if these are written off anytime over the next 10 years :-(

[chartsmart] 20/3/2010 15:26

david77, 15:1 share consolidation.



can these be written off yet?

[david77] 10/3/2010 08:32

My computer crashed a week or so ago and I have been trying to recreate CGT files and I was trying to work out why I have less FBG shares than I bought as LNR.