Avi Global Share Discussion Threads

[daisy777] 26/11/2004 11:32

Charles Stanley (not John Adams).

[harry punter] 26/11/2004 11:26

daisy ask john adams if he will represent the group

[daisy777] 26/11/2004 11:25

Harry, why hasn't he joined the action group?

[harry punter] 26/11/2004 11:23

its no good waiting six months until the company is wound up ---an egm needs to be in motion asap whilst the company still exists

[gazzastrip] 26/11/2004 11:20

Harry i tried to call John Adams a couple of weeks ago,but couldnt get past his secretary. If you are keen for him to become involved on behalf of you and your friends why dont you ask him to make contact with the group and take it from there?

[daisy777] 26/11/2004 11:20

Why hasn't he joined the action group?

[blue tooth] 26/11/2004 11:18

he's not even joined the group

[harry punter] 26/11/2004 10:57

we are perfectly within our rights to call for an egm ---------imo john adams c/o charles stanley is the best person to represent the argonaut action group in a professional capacity --his advice and services will be free

[wbjunior] 26/11/2004 10:28

well said Harry, keep it up

[harry punter] 26/11/2004 09:39

an egm and a no confidence vote in the board will put the fsa and dti on red alert and strenghten our position with the regulatory authorities --it will attract media attention to this injustice and we will eventually win the day --remember we are the innocent party to this devious piece of sharp practice

[rdpounder] 26/11/2004 09:33

Don't worry Libby, research has been done (and continues to be) and is turning up some potentially very interesting details, none of which I'll be divulging here of course!
Where's Snowy42 today, out for a walk with master?

[harry punter] 26/11/2004 08:40

it really is up to whoever is in charge of the action group to contact john adams c/o charles stanley stockbrokers ---it doesn't require lawyers to call an egm to make board room changes ----as i have said earlier i believe ldm should be in charge and everyone in the group or this thread should support him ---failing this i see nothing positive just hot air and rhetoric ---so whats the game plan i have declared mine --can anyone suggest some alternative --then let us hear it punters ?

[harry punter] 26/11/2004 02:10

thank you libby i believe this is a route that might appeal to all parties and
is worth pursuing --any part of a transaction san has made privately with the administrators are all relating to former assets belonging and paid for 100 % by argonauts plc ---argonauts are not in receivership yet ----if we play to the directors tune in six months there will be nothing left ---quite simply the best way forward is to call an egm and enter into direct negotiations with jez san --i am certain this is the best way forward --at least this way offers a chance of retrieving some shareholder value --

[libby69] 26/11/2004 01:36

Been having a closer look at that dealpoint article i posted in post # 8998:

Quote
In terms more generally of buying from an administrator and because of the speed and the telescoping of the timescales, it seems likely that we will see more of what are described as "pre-packaged" administrations. These are transactions which are agreed prior to the appointment of the administrator and are executed by the administrator. However fundamentally these are often done in considerable secrecy and to existing management.
Unquote

Well, if that's legal, I might as well give up and go get a new hairdo instead of wasting my time plotting! Damn!!......... Dontcha just love company law!?!?!?

[libby69] 26/11/2004 01:08

Harry, I think I know where you're coming from on this point, but imho I think there is a fundamental legal flaw in your arguement. "the return of assets originally belonging to agt" - isn't legally correct; the assets of the subsidiaries belonged to the subsidiaries themselves and not to AGT. AGT owns the shares in the subsidiaries, but not the assets directly.

Now my reading into insolvency issues and the way administrations work has lead me to conclude that once administration commences the assets are under the sole and absolute control of the administrators; not even the board of the subsidiaries can intervene, not even the creditors, let alone us poor mugs!

Not trying to rain on your parade, honey, but I dont think you can coerce your plan - you might negotiate it with San, but why would he bother? Not unless you had him totally by the gonads and youve got a long ways to go before you can apply the squeeze. More research needed, I think.

[harry punter] 26/11/2004 00:12

the parts san bought/stole can be very easily reversed back into a new vehicle or shell company -- we will need to elect a new board of directors and financial advisers at the egm to negotiate directly with jez san --terms
for the return of assets originally belonging to agt -- ----- the new brokers will be appointed to help raise fresh finance for the development of morpheme ---i believe san will listen ---but we need to show solidarity -and this can be channelled through charles stanley stockbrokers who control 7%---look this is a blue print that will get your shares re-listed in everyones interest even sans --so back this plan --its the only sensible way forward imho

regards harry

[libby69] 26/11/2004 00:02

Informative but not necessarily helpful to the cause:

[libby69] 25/11/2004 23:50

Check this out guys :-(



QUOTE
Administrators' powers
The High Court has held that, in relation to a post-Enterprise Act 2002 administration, administrators could sell a company's assets in advance of their proposals being approved by the creditors and without any direction of the court.
Author: Allen & Overy
ENDQUOTE

[libby69] 25/11/2004 23:19

"Shares re-quoted".........erm.....yeah right......erm......I'm sorry to shatter your illusions honeybunch, but this is a late parrot, it is pushing up Daisies....[ no offence to sister 777 over there!] it has ceased to be...it has gone to meet the great cuttlefish in the sky......the only reason it's still upright is cos it's nailed to its perch! The trading entities it owned are either dormant or bust. Would you actually reverse back into it if you had a nice new debt free company? Would you want to trade under the name Argonaut again after all this publicity? Not even BBC online would call that heroic!

Calling an EGM is right though, its the only real power the shareholders have. Should be a good bunfight at the very least. Perhaps if we sell enough tickets, we can afford to drown a few sorrows! Save me a seat at the front boys! It's time to PAR-TAY!!

[rdpounder] 25/11/2004 22:14

Yawn, night night.

[harry punter] 25/11/2004 21:06

thank you libby it would be nice to see these shares re-qouted --my way i see this as a very strong possibility of the qoute being restored ----the alternative suggestions are just empty threats and complaints that will take years to be resolved and no-one shareholder or group will risk and pay the legal costs ---call an egm and the ball is in our court and not san's for a change -why give san 6 months grace and time to cover his tracks ? use some common sense punters be smart and do what san would do in our position ---call an egm its your right as a shareholder --or come up with a better alternative to get your shares re-listed

[libby69] 25/11/2004 19:40

I dont think you're a fool Harry, I just think you're on a promise of commission from Charles Stanley. LOL! Good luck sweetie! xx

[harry punter] 25/11/2004 18:48

charles i really couldnt give a dam -if you want results you do as i suggest --i sold my shares before the suspension --i presume you are hoping to see the shares re-qouted well charles and others --i have news for you my way is the only chance you have for seeing the shares re-qouted --so its your loss not mine --not one of you has a plan to get your original investment back --and you think i am a fool lol

[charles7] 25/11/2004 18:00

harry punter - 25 Nov'04 - 16:10 - 8981 of 8990 (Filtered)

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LOL

[harry punter] 25/11/2004 17:00

now please give johm adams all your proxies for calling an egm now to make major boardroom changes and also to confirm the appointment of new brokers and financial advisers