Hi,sorry for the delay in getting back,I did get in touch with them following your contact details,but as yet have heard nothing from my email,which was about a fortnight ago.They seem very vague and unresponsive in their dealing with this matter,my question is that why aren’t the big shareholders,who have more clout stirring the hornets nest ,pushing for answers , or have they prioritised the big fish ,its all very odd. |
I think the letter from Opus is entirely unsatisfactory. If they are saying that the share registries are wrong, that is most serious and potentially a criminal matter. Have the police been notified? The letter gives no clue as to the scale of the problem, are we talking about 100 shares or millions of shares ? In any case the registries are the only legal proof of title and if someone's shares are not listed there then it up to the wronged party to take action against the persons responsible. |
Have now received letter to 'all known shareholders' dated 16th Dec 2024 Stating that updates will be given by the online Creditor Portalmyinsolvencyreport.comUsername OpisPassword b4e1fff2'Further to the report (in October 2024) the Joint Liquidators have received some additional information regarding shareholding positions, which do not correlate to the original information provided. These queries will need to be resolved before any distribution of the shares in JHI can be completed. We are unable to share a timeframe' |
Could you write-in or phone-in as well please? |
If I don't get a proper explanation in the next week I will write again, but perhaps you could ring-in or write-in as well ? |
Many thanks for your update,it seems quite alarming that the whole process is being stalled for a single sharholders query,how difficult can it be to define as to the proof that this supposed member is genuine, somthing doesn’t add up here. |
As the response seems to me as evasive, I suspect that there is a big fraud going on in the background. We need to report this as soon as possible yo Fraud Police, UK. |
I have today replied to the Administrator as follows:-Dear Zoe,Many thanks for your e-mail.Surely if this person cannot produce an authenticated share certificate, his shares are most likely held in the Company Sponsored Nominee (if there is one) or in a Nominee Account such as A J Bell for which you will have an aggregate record. It would then be for the various Nominees to divide up the shares according to their records. If the person cannot demonstrate title to you then he has no title.This Administration has taken a considerable period of time and it seems unreasonablethat shareholders should be denied their distributions, making possible sales and obtaining such things as probate extremely difficult.Kindly explain what evidence this person has provided you with to claim that he personally has title rather than possibly his nominee.Many Thanks |
Have received this e-mail today from the Administrator:-Many thanks for your email. We have had an issue raised by a shareholder as to their shareholding, which we are unable to locate on the share registers provided to us prior to our appointment. We are unable to proceed with a distribution without rectifying this matter. I am unable to share a timeframe as to when this will be rectified at this juncture. Should you have any further queries, please do not hesitate to contact me. With kind regardsFor and on behalf of Paul DavisJoint Liquidator Zoe NelseyAssistant Manager D: +44 (0) 1908 087 222M: +44 (0) 7736 972 268E: zoe.nelsey@opusllp.comLI: Zoe Nelsey | LinkedIn |
Have written today to Zoe Nelsey 01908 087222 zoe.nelsey@opusllp.com asking what the delay is in distributing the JHI shares. When she wrote on 15th August the Administration seemed to be complete and they were working out 'the best way to calculate the shares per shareholding' with the assistance of McCarthy Tetrault. |
Cheers for getting back,not heard anything from anyone since JHl takeover,beginning to wonder what’s going off to be honest,it seems a kick in the teeth having held since 2010,and now navitas involvement with rockhopper looking good I’m hoping we get involved in some capacity maybe JHI doing deal of some sorts on driiing/selling their acreage please keep us in the loop if you here anything,many thanks. |
I haven't heard any more, I think we were told November. |
Any news on our shares yet? |
Any news on our shares yet ? |
Today received update from Opus Restructuring & Insolvency including a resolution to sign agreeing to their expenses. Cash of £105,318.88 has been reduced to £28,731.89 by £51,909.31 of administration expenses. Which leaves 7,977,672 shares in JHI Associates Inc. to be distributed which Opus put a possible value on of £5,051,750. The London/Canadian law firm of McCarthy Tetrault are apparently assisting Opus with the calculation and distribution of the JHI shares. |
As no one has received their JHI shares, I am beginning to suspect we have all been scammed and victims of fraud. |
I have heard nothing not even what allocations are! |
Has anyone received their JHI shares? |
Game over lol |
Nobody likes to be an unquoted vehicle |
Could consider the situation as a cheap way into JHI possible!! |
Its obviously gone through, hence the price. |
So decision day at 5pm in the Falklands (why so late?) 9pm our time, ahead of a Bank Holiday here, so when do we get to hear if this has gone through, and if it hasn't, what happens next? |
Not many holding 1,000,000 shares here too volatile |
To work out the likely value, isn't it easier to read the R.N.S. That suggests that JHI values, its own shares at $0.71 per share, and states that the deal is worth about 2.23p per Argos share.What we do not know is the level of other liabilities. If there were none, the shares should be worth about 2.23p each. The RNS only refers to certain creditors who are to be paid in JHI shares, leaving 8M for Argos shareholders.Has anyone done the research to establish the level of other liabilities. |
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