Eirx Therapeutics Share Discussion Threads

[officerdigby] 29/4/2016 10:49

AW that's a lot of posting with a lot of not knowing.

The story goes the bank paid out. But prior to the bank paying out the rights to the action was bought by a SH for £1, who paid for the action costs. There was some agreement that the SH would 'give' back to the Co some of payout if above a certain level.
Unfortunately the SH and Co must have had some fall out and SH reneged on the 'verbal' agreement. The bank made the payout with a non-disclosure agreement between parties so can't see how much.

Remaining SH's were sold the idea of voting for liquidation in an attempt to investigate how much was paid out, as a route of potential resurrecting the Co.

Anyway as we found out with JKP now passed away, this really is by the by.

[asmodeus] 28/4/2016 21:20

Amazon - re: your 1844 - sorry, no more of these tips for me. I'll stick to LUC.

[smcl] 28/4/2016 21:03

Thanks AW- all the very best to you in the future.

Regards

sm

[amazon_woman] 28/4/2016 20:59

I don't know I gave up following it as I knew I had been stitched up but I've never yet heard of banks hiding transactions they are on the statements it's more likely that it's being used as a smoke screen but either way actions against banks cost a fortune and I don't remember one that succeeded , what are these payments ? Banks don't make payments directors do They pulled the facility but that's not actionable they don't have to lend money my own bank did it in 2009 they were doing it to everyone you can't sue on that basis I think the banks were in trouble and stopped lending I had to reorganise my business to cover their action it worked ok but the banking crisis caused a lot of problems for small businesses Sorry I just don't know enough my instincts suggest this is an excuse why did they even need borrowings they had just had a huge fund raise ! Anyway I've moved on I just popped in here as Mike is causing me grief and this thread popped up again Good luck in the future

[smcl] 28/4/2016 20:44

AW- wasnt't there an issue around non disclosure of monies paid out by the bank?

Thanks for info

Sm

[amazon_woman] 28/4/2016 20:32

Btw I am a liquidator so do understand the law and general principles

[amazon_woman] 28/4/2016 20:31

Ok not sure what was paid out but it's not the bank that paid it out its the directors if they made preference payments ie made sure their chums got paid then in theory the liquidator can get the money back but the onus of proof lies with them unless they are connected parties ie family business partners etc Don't know enough about it but generally these actions don't succeed I think it's a red herring to point fingers at the bank they didn't action the payments Anyway this may or may not interest anyone here but I think this co looks vv interesting and just could recoup your losses here no advice just found it myself and think it's got good prospects It's best to move on from losses See what you think no guarantees of course I'm not mike ! 0Investors in oil/gas minnows who have lost heavily might be able to recover their losses and more by backing what I consider to be an absolute steal in HNR (Highlands Natural Resources). This is not a minnow miner as the name suggests, but a company that is in the process of undertaking field trials to prove the Divert Technology for refracking wells. The world leader in this space is Schlumberger, who are really on the hunt for a technology that can tackle this problem. If any reader needs evidence of the appetite that Schlumberger and other majors have for this type of thing, just look at the recent deal Schlumberger signed with Energy Recovery after 6 months of trials - they paid $75m upfront, coupled with a $50m first year milestone payment as well as considerable ongoing royalties. ERI shares more than trebled in price on the same day on that announcement (ERI had a market cap of $130 mln prior to the deal, rising to $440 mln on announcement of the deal). Divert, the offering from HNR, is said to be far superior relative to other offeringsAnyway, Schlumberger have already taken an interest in HNR/Divert and have signed a license deal to evaluate the trials which begin in a matter of weeks. They have further agreed that they have the right to subscribe to up to 33pc of HNR shares based on a five year NPV value of royalty income. The fracking/refracking market is a trillion dollar business. But, that is where it begins. The current market cap of HNR is, wait for it, a ludicrous $4mln. Yes dear readers, this is not a typing error. A mere £4mln. Moreover, it is not an AIM listed dud but has a full listing on the main market. The CEO has not taken a salary and has invested some £650k of his own cash. This from the Company:

[smcl] 28/4/2016 20:06

The key money left is that which was psid out by the bank but unfortunately has not yet been declared or has come to the attention of the liquidator. Thats what the Liquidator is saying I think. But not an expert. Remaining monies are insignificant and just about will pay Liquidators fees.

[asmodeus] 28/4/2016 18:33

Re your 1838, Amazon, yes - I am doing O.K. now, having given up ord. shares in general, especially speculative ones, with one exception, and that is Lucara diamonds (LUC). I downsized to raise cash to make up for my losses, and for some years now have bought only investment trusts with good yields, and they have produced steady growth from which to take cap. gains, as well as income to pay the bills. Hope you are also doing O.K., "Amazon".

[prodasyl] 28/4/2016 09:15

Hi
Does anybody have any information about what is likely to happen about the voluntary liquidation.In particular, "Sicilian_kan, and "The Alchemist" used to give us from time to time indications of developments.
For example: Is there any chance of any monies being recovered, or should we totally abandon hope?

Any snippets gratefully welcome

[amazon_woman] 27/4/2016 20:08

Yes RIP There is more to life than money

[amazon_woman] 27/4/2016 20:07

Anyway hopefully no one listens to his vile attempts to lose people even more money I hope everyone here is doing ok now

[amazon_woman] 27/4/2016 20:05

Click on his name you will just see reams of negative posts mainly aimed at ex holders here as if he's on some warped mission I find him very unpleasant anyone else would apologise and show some grace we all make mistakes but not him, we can also move on and thrive It's part and parcel of life but what I didn't like was how he showed such certainty and arrogance and disregard for others which are all the hallmarks of a sociopath Now he will be on my back even more !! There have been others who have done the same but they were mainly naive believing what the directors told them and getting conned Mike we different he acted as if we were all stupid and only HE understood what the complexities meant lol really Banks are not charities so I suspect the business model didn't stack up the science maybe was great I don't know

[skez13] 27/4/2016 19:53

could be why mike111d has stopped supporting the company - paycheck has stopped?

[the_alchemist] 26/4/2016 10:59

OD - John Pool sadly died some months ago.

[officerdigby] 26/4/2016 10:31

I'm sure PH and JP all had a chuckle about this in a pub somewhere...

And to think we got that lacky Mike111D to get the sh's to vote for liquidation for an investigation.

PMSL.

[smcl] 25/4/2016 12:26

The Alchemist- Liquidator has had little luck finding out the truth.

[the_alchemist] 25/4/2016 12:17

yes PH has not honoured his agreement

[smcl] 25/4/2016 11:42

Teasle- nothing in the report. Monies made under agreement with bank not available or simply not provided.

Mike11D. D= Dipstick

Sm

[amazon_woman] 24/4/2016 22:30

Yes I think we all agree there That doesn't stop him stalking various people who lost money here after we've moved on and want to forget the whole saga

[skez13] 24/4/2016 21:53

i hope all those who were suckered in by Mike111D now realise exactly what kind of character he is.

[skez13] 23/4/2016 22:45

lets ask mike111D shall we?