|29howard still seems to be consumed by jealousy and obsessed by other posters. Not surprising he ends up with so many losers when his focus is on the investments of others than his own.|
Even though he is filtered a search still shows his posts, up 50% since I mentioned it here several times (MIN)
TravelZest - Bull Run in sight - TVZ
Loverat - 04 Nov 2013 - 14:48:35 - 795 of 873
Yes - let's all buy MIN. And then I am sure we can all blame everyone else but ourselves if and when that goes down the tubes.
Dear oh dear - talk about ambulance chasing.|
|Employees hear about the takeover and severance early Nov '13
|Go to www.itravel2000.co.uk if you don't wont to be on Facebook. Many believe this company needs to be taken to task, ripping off investors must stop, and these Directors should be made an example of. Please lend your support after all its in all Private Investors interest to stop Companies like this ripping us off.|
3 Offices and counting
Last year Clarion settled an out of court agreement with a subsidiary of The Cattle Group for 16m GBP. Shareholders took them to court when they announced the company was going into administration and shareholders would receive nothing!
Advice received from Solicitors has been to personally pursue the Directors now. This info is coming from inside by someone keen to make a deal to protect themselves when this all comes out. It's gonna get pretty ugly
Now the bigger picture, think this is what you might be referring to Stuart.
LDC, Elleway, Aldenham....Chico Nanji
Chico Nanji is a nobody. I've practically heard it from someone who has done business with him before. Basically he's a loser that's lending his face to the real money people. The guys behind the offshore trust who funded all this.
We want all info on: Rob Giles.
Which paper was most vocal about celebs and businessmen evading tax with offshore accounts? That is where this info will end up. They will be acutely aware of how to put a stop to all this, I would urge them to start moving right now.
The deal is not complete, we will put a stop to it. It takes 30 days, they are pretending it is so nobody raised any objections in the meantime. We'll show them a whole new meaning of objection that they never before imagined|
|A little bit of background on our representatives:
The Criminal Division - we may require their services later on, you will see why.
One of the leading criminal practices in the country.
This highly regarded team has a longstanding reputation in all matters connected with criminal law. The leading criminal practice in Yorkshire, ABR Solicitors, is ranked in the top four practices nationwide and the top three in the North West. The criminal law practice is going from strength to strength handling numerous high profile and complex cases all over the country.
In Chambers UK 2013 sources said the ABR Solicitors team is noted for its work in complex and very high cost cases, and its practice is recognised nationwide. "The firm gives the highest possible level in terms of quality of instructions and legal ability."|
The main question was this, if we proceed and pursue this, would we get paid, who would pay, can they afford to pay?
So we looked for Directors and Officers Insurance, it covers Directors in their position against such action. We found they are insured by Chartis Insurance. Great news!
The insurance WILL NOT cover Directors in instances of fraud. Well that is what we are alleging may have happened here. Bad news...
So then we look at Directors personal assets, SOMEBODY has to pay..So we started looking further:
Nigel Jenkins sold shares in Unijet in 1998 for 20m pounds. He owns a home in Florida and a country home here. He also has 7 Ferrari's:
I am taking 1st pick
20,000 Acres of hunting ground in Wales worth over 4m pounds|
|Brandy- please go to Facebook and search 'itravel2000 action group!'Then press join group and you will be added. The more we have onboard the better. Everyone who has lost money here please join.We allege that potentially the directors have committed fraud and we intend to prove it.|
|Over-hyped, over-fluffed ramper driven stock.
When the mist clears you'll be left counting your crashed investments, imo.
Published at 12:01AM, November 11 2013
Disgruntled investors in Travelzest have set up a shareholder action group to claim a share of the proceeds from the winding up of the AIM-listed holiday operator.
The action group, which claims to speak for holders of more than 10 per cent of the shares, is demanding aout of at least 1p-a-share from the sale of its assets that took place just before last week's collapse into administration.
The action group, set up via Facebook, is led by Julian Marshall, who claims to have garnered 60 members speaking for as much as 10 per cent of the Canadian travel group's shares. It is seeking solicitors to work on a no-win no-fee basis.
Moves to launch a pressure group came in the aftermath of events last week, when, in the space of two days, Travelzest's shares were suspended, its two remaining businesses were sold and the company was tipped into administration.
Although the prices paid for the assets -itravel2000 and The Cruise Professionals - have not been revealed, administrators at Grant Thornton said that they did "not anticipate that shareholders will receive any return for the shares they hold", implying combined proceeds below the group's £15 million of debt.
Shareholders are angry that they have not been told the prices paid, with many believing that they were worth well above the group's debt. A particular concern is that the buyer, Elleway Acquisitions, was also Travelzest's main lender and had precipitated its collapse by demanding repayment of the full amount.
In an e-mail to Grant Thornton, the action group said that the company's directors had "acted negligently by turning down previous offers for the issued shares and have ultimately got up a poor deal".
One small shareholder, James Oxley, the managing director of Saxon Lifestyle Management, accused the board of having had "ample opportunity over recent time to sell the business and return at least something back to shareholders . . . They ran Travelzest into the ground and have returned nothing to private investors who had been loyal throughout. They should be ashamed."
Travelzest formerly owned a portfolio of well-known travel brands, including VFB, the French gites operator, and Peng Travel, Britain's biggest naturist tour operator. However, its value has slumped amid poor trading, boardroom strife, allegations of fraud and the sale or closure of most of its assets. When the shares were suspended last week, they had fallen to 1.3p, valuing the company at £2 million.|
|Well done for looking at an action group. Ignore the sad gloaters who always click on suspended share threads as it gives them pleasure to see people losing money and then to lecture them afterwards.
I know from experience that many action groups are not successful for various reasons. However more recently there have been one or two which have had some measure of success. I know that for many, this turned into a trading share where the risks were known. Nevertheless setting up any group is good for shareholder power and sends out a clear message in response to shocking behaviour by directors etc elsewhere. I suggest someone may look at other sharegroups which have set up to look at what they achieved and how.|
|I do not understand why you all want a action group, you all had ample time to
read the balance sheet, company was losing money hand over fist and had piles of debt that was not coming down, it was made quite clear by some of us this was going to happen, sorry but when you invest in a indebted company losing money you can expect this outcome, this is Aim, accept the outcome, take the hit and move
on, cannot see what you expect to gain with a action group, put yourself in the position of the company owed all the money, they have to take action to try and get it back or most of it.|
|Can I have link for action group - I will join|
|Can all Tvz shareholders please join us at itravel2000 action group on Facebook. We are getting together to pursue the possibility that the Directors were negligent of our best interests and have sold the assets cheaply defrauding us of any entitlement for our shares.|
|If we get 10% of holders can we request an egm?|
|letter to shareholders
|No probs i will join today. My name is Jerry.|
|Hi mate, can you join us at itravel2000 action group on Facebook?We need all the support we can get. We have 40 people so far who have been shafted|
|Nice support building here.....until the RNS comes that shareholders will 100% not receive anything i will not give up. If it does then i will be taking legal action as i know 2 lawyers in NY who are very interested in this case also. The Canadian financial authority are also more strict than UK one so any dodgy ongoings and it will be bought to attention. GLA|
|Freddie, any idea how much we're talking money-wise? Any ballpark figure will do.Yes I believe we are a smaller group than hibu. Cheers|
That Chiko Nanji guy seems like a real Del-boy... no... worse than that!
When I found his name before investing, I'd not found anything like that about him... naively(?!) I sort of assumed that there couldn't be any overt fraud in this take-over battle, as it's all so public. And there are lawyers... and even Facebook these days.
But I know nothing about company law... however IF these things can go pro-bono, then shareholders are in with a chance. They could offer lawyers half of any payoffs, say. If the guy has significant other wealth, and gets found fraudulent?
At least shareholders could have the satisfaction of some fun with him.
Sorry to all holders... and good hunting!|
|Go through my links above in detail. Your company sounds according to todays article to have gone into administration. On lawyers maybe contact the HSG however ours are VERY busy.
The route you may be going down is as a stakeholder, in this reguards you can be another creditor. It will cost you money. Travelzest I think is a small company compared with Hibu in terms of the number of private shareholders and the losses involved.|
|Thank you freddie, can you advise on lawyers/firm that may take this case on? I would like to look at pursuing it further. At the moment we have so far contacted the company and posted through Twitter and facebook.
We have called a 'ceasefire' for 24 hours until 4pm Thursday to give them a chance to respond.|
All is not lost.
Please see my Hibu information thread.
Also see the Hibu Shareholders Group information site.
All you shareholders need to get together and get the right lawyer.
You could contact the HSG, however things are rather busy at the present.
I will post up something about your predicament on the HSG website (members only).
I would comment that it is possible for a company to go under for legitimate reasons, it is also possible for a company to go under due to negligence or theft or fraud on the part of current or former directors.
Perhaps the most powerfull bit of the site.
Best wishes and good luck for the future.|