Setstone Share Discussion Threads

[dried66] 27/10/2008 12:46

Anyone heard anything on this mess?

[soggy] 01/5/2008 09:39

Yep....as I thought, tumbleweed still blowin' through here.......

[doorway] 09/3/2008 04:20

cant see much happening here but you never know

[bongo bwana] 01/10/2007 11:04

John,

Hope you are keeping well.

Good to hear from you here and many thanks for your continued efforts with STN.

[johndavison] 01/10/2007 11:03

My response: Thanks for the response, but what does that actually mean? And what other avenues are you going down to get this company back up and running...or have you given up?

Answer: There are two lines of action: recovery of the monies lent to SHG, and a new direction for the company. We have not given up, but are unlikely to be able to report a resolution of either in the short term.

[johndavison] 01/10/2007 11:03

My Question: I have waited another 3 months, so what is the latest? Has anyhting moved on, have you been trying to get our money back? The company may not be listed but I'm still pushing.

Answer: Negotiations for return of money are in progress but not yet concluded to our satisfaction.

[bongo bwana] 13/9/2007 08:42

Looking forward to learning whats the news JD.

Im hoping for corporate perambulations, LOL.

[johndavison] 12/9/2007 17:28

Just sent another e-mail to Peter Burton asking for an update.

[jonc] 04/5/2007 10:48

Whether to have chocolate or ginger biscuits with the coffee.

[dried66] 04/5/2007 10:47

John - what was discussed at the AGM?

[fatnacker] 21/3/2007 10:03

sorry two posts

[fatnacker] 21/3/2007 10:02

just looking in to see if there,s any news ?

[bongo bwana] 10/3/2007 10:49

Looking forward to hearing what happened |JD and many thanks for your help and persistence.

Its those qualities that will reward us at GEX and RGT

IMHO , LOL.

[johndavison] 05/3/2007 11:40

I am looking to yes.

I'll be the only one no doubt. I want to know what is going on.

[bongo bwana] 01/3/2007 15:23

JD - are you attending the reconvened AGM on the 7th March?

Its been held at the offices of Trowers & Hamlins, Sceptre court, 40 Tower Hill, London, EC3N 4DX.

[johndavison] 24/1/2007 13:45

And finally my questions that went out today:

Q: Can I ask again, how can the company be taking legal action if we have no money? Who are the large shareholders putting up funds? It has now been a month since we last spoke, what action has been taken during that time? A poll was requested at the agm , what has happened to that?

[johndavison] 24/1/2007 13:45

Also my other questions:
Q: are you looking for other areas in which to invest and get the company back to acheive shareholder value?
A: Yes, but what we are able to do will depend on the outcome of the legal action

Q: which will take how long.. months...years? Can you tell me which shareholders are starting legal action, are they corporate?
A: Impossible to say at this stage. The company is taking the legal action.

Q: how can we do that if we have no money?
A:See my AGM statement sent to you earlier – the funds are being put up by certain large shareholders

[johndavison] 24/1/2007 13:37

Oh .. just found this from last december:

Dear John

Most of the answers are in my chairman's statement posted on the Setstone website. My statement at the AGM was as follows

'Legal action funded by certain large shareholders has been started against SHG, seeking a remedy for SHG's failure to repay loans made to them by the company. The company has taken this step after all avenues of negotiation with Beni Sinbeti of SHG have been exhausted.'

The AGM had to be adjourned because one shareholder present demanded a poll on all three agenda items. The poll could not be held as proxy details mailed by the registrar did not arrive in time for the meeting.

Best wishes

Peter

[johndavison] 24/1/2007 13:35

No last min change at work meant I couldn't... I'm sending out an e-mail now..

[bongo bwana] 27/12/2006 11:24

John D -were you present?

[fatnacker] 20/12/2006 10:17

any news on the agm anyone ?

[doorway] 11/12/2006 18:29

any news john?

[spongman] 29/11/2006 18:05

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[spongman] 29/11/2006 18:03

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