|New Millennium Resources Ltd
||EPS - Basic
||Market Cap (m)
New Millennium Resources Share Discussion Threads
Showing 18576 to 18597 of 18600 messages
|I was one of the bigger investors ( Badenhorst Brothers) and was mine manager and actively involve on C9 concession in Angola. I am 90 % aware of all the activities and dealings with Shane Healy CFO and John Cross CEO at the time. I am highly upset as I have lost everything. If anyone would like some inside information what has happened they can mail me. I still would like these individuals locked up and or compensation. E-mail address. [email protected]om|
There is an Australian group behind the original listing here, you need to look there, Zukes, and then at Cross.
Funny they were never referred to here,although someone sent me an email about their activities.
Can't make my mind up about Healy, but he must have known, if not actually in on it.|
|I think Cross was the real stitch up merchant. Especially his final return to drain the last dregs of cash from the company.The whole thing was a complete con!!!|
|Its a shame we can not prove dishonesty or sharp practise? as we could get him in trouble with his professional regulator.|
|CPS is registered in London!
St Georges House,
London W1S 1HS
The Cross description is correct, apart from them leaving out the bit about not actually finding any diamonds!
And why he had to leave the country.|
|And the Shyster Cross apparently ran a successful Diamond outfit in Angola!!
...............As CEO, John took a green-fields public listed diamond mining project in Angola from scratch to employing over 60 persons securing a full suite of mining equipment, senior management, programming the entire project to a full status alluvial diamond mining operation. His recognition of the escalating world demand for precious metals prompted him to capitalize on past experience and extensive contacts to enter into the gold sector of the mining industry commencing in Democratic Republic of Congo.........................|
|Typing that last post made me dig around on the Web to track down Healey.
He now seems to have a PhD and is a Senior International Partner PYX Financial Group Ltd and CPS Energy Resources PLC, which are Gibraltar Based.
His resume made me laugh!!
An accountant by profession I hold a PhD., in the field of Corporate Social Responsibility (CSR), from the American University, a Master of Accountancy degree, a Bachelor of Financial Administration degree and a Diploma in Practice Management from the University of New England. I am a retired member of the Society of Certified Practicing Accountants, the Chartered Institute of Company Secretaries and the Institute of Company Directors, and sit on the board of a number of international organizations.
Additionally, I am Senior International Partner in the Financial Management Resource Group (FMRG), an international firm of accountants, auditors and finance consultants and I have held a number of senior executive and non-executive positions as President, Finance Director and CFO of listed public entities in Britain, the USA, Hong Kong, and Australia. Currently I hold non-execuitive directorships on a number of companies.
I have held senior management and consulting roles with medium to large multi-national corporations and gained valuable experience in a number of sectors across the globe, particularly in the resources sector having undertaken mining and exploration projects in Australia, Angola, Greenland, Nigeria and the Democratic Republic of Congo
With over 40 years of experience in the fields of finance and accounting in private practice and in commerce. I am a specialist in forensic accounting specifically in the fields of asset tracing, money laundering, securities trading and financial markets. I have consulted with a number of corporations on computer security, FOREX trading, spread betting and online derivatives trading. My extensive experience as a Consultant and Expert Witness has enabled me to become well versed in all legal aspects concerning forensic analysis in the field of civil litigation claims and I am at ease making professional representations for both plaintiff or defendant.|
|Where's my money gone?|
|I've know Craig for many years, as he worked for me as a Furniture Designer when he left University. I got him interested in the Stock markets, and the rest is history!
One of my worse investment decisions was turning down the opportunity to invest in Proactive when Craig and Ian set it up!|
I missed Craig's wedding because a washing machine I was waiting to be delivered arrived late!
I was really annoyed, as I first met him BEFORE he started at Proactive, and he has done a truly fabulous job for them, IMHO.
I STILL have his wedding present at home! It will become an Xmas present now!|
|I still look in occasionally Andy. Bit like thrashing myself with stinging nettles to be reminded of the losses.
Are you still doing work for Proactive? I went to Craigs wedding earlier in the year, and saw Ian too. Fabulous day!|
|Looks like no interest here anymore.
I see Green Machine is still going!|
I bumped into Campbell Smythe at Minesite yesterday.
I spoke to him this time, after avoiding him the last time I saw him in Toronto.
Says he took a haircut on NML too, but not sure I believe that to be honest.
I know an Australian who told me some interesting things, only hearsay of course, so won't be posting them here.|
|Definition of 'Liquidation'
1. When a business or firm is terminated or bankrupt, its assets are sold and the proceeds pay creditors. Any leftovers are distributed to shareholders.
2. Any transaction that offsets or closes out a long or short position.
Investopedia explains 'Liquidation'
Creditors liquidate assets to try and get as much of the money owed to them as possible. They have first priority to whatever is sold off. After creditors are paid, the shareholders get whatever is left with preferred shareholders having preference over common shareholders.
chapter 7 bankruptcy is sometimes also called liquidation bankruptcy. Firms experiencing this form of bankruptcy are past the stage of reorganization and must sell off any un-exempt assets to pay creditors. In chapter 7, the creditors collect their debts according to how they loaned out the money to the firm (also referred to as the "absolute priority"). A trustee is appointed, who ensures that any assets that are secured are sold and that the proceeds are paid to the specific creditors.
For example, secured debt would be loans issued by banks or institutions based upon the value of a specific asset. Whatever assets and residual cash remain after all secured creditors are paid are pooled together to be paid to any outstanding creditors with unsecured loans: e.g. bondholders and preferred shareholders.|
|If they come out with the accounts we might still have a leg to stand on?|
Last nail in the coffin.|
|Should be intresting.|
NOTICE OF MEETING OF CREDITORS AND MEMBERS
Corporations Act 2001
NOTICE OF MEETING OF CREDITORS AND MEMBERS
Company: New Millennium Resources Limited
ACN: 075 830 938
Status: In Liquidation
Appointed: 19 January 2010
Notice is given that a meeting of the creditors and members of the Company, or a meeting of creditors and members of each of the Companies, (for multiple companies), will be held:
Location: Level 2, 55 Carrington St, Nedlands, WA, 6009
Meeting date: 28 May 2013
Meeting time: 10.30 am
(If multiple companies, see special instructions for meeting times)
The purpose of the meeting(s) is:
to receive an account(s) showing how the winding up of the Company(ies) has been conducted and showing how the property of the Company(ies) has been disposed of, and
to give any necessary explanation of the account(s) received by the meeting.
Other agenda items are:
to fix or determine the remuneration of the liquidator(s)
any other business
Proof of debt and proxies
Creditors and members wishing to attend are advised proofs (creditors only) and proxies should be submitted to the liquidator by:
Time: 5.00 pm
Date: 27 May 2013
Date of Notice: 28 April 2013
Simon Roger Coad
Address Ticcidew Insolvency
55 Carrington Street
NEDLANDS WA 6009
Contact person Tony Travers
Contact number 08 6228 1700
Facsimile 08 6228 1703
Email [email protected]u|