Fibregen Share Discussion Threads

[madengland] 27/9/2012 11:46

Thanks david77, I spoke to tax office and the chap I spoke to listened and suggested I also claim they have no value, so will do the same. Will let you know if I get any come back at all.

Now just need to make some gains!

[david77] 05/9/2012 19:15

"I believe if we gift the shares, we cannot make the loss for tax purposes." - that's right - you give them away at your cost price.

I've received calcs from the taxman showing £1.65 due by 31 Jan 2013 but otherwise no comment on my claim that the shares have no value.

[madengland] 05/9/2012 15:03

Hi david77, how dod you get on with the taxman? Any joy? I see on Companies house that the company is still trading. Anyone any idea what we can do? I believe if we gift the shares, we cannot make the loss for tax purposes. Anyone got a solution?

[david77] 25/4/2012 19:24

I'm going to show them as sold for zero value on my CGT tax return and tell the taxman what I've done - or maybe show 2 figs - one with zero value for FBG and another as if I still have them.

[sg31] 25/4/2012 16:39

Halifax notified me of a corporate action today.
AIM listing cancelled

[david77] 31/1/2012 08:12

It will continue alive until the directors have bled the patient dry. It's probably there now. I don't think that we have a death certificate, but it sertainly seems to have stopped breathing :-(

[turbotrader2] 31/1/2012 07:56

is this completely dead then?

[david77] 15/12/2011 10:19

I've still got a share certificate - that's the only valuable bit 'cos I should be able to make a Negligible Value claim (see Fulsha's post 853 above) when I do my next tax return.

[madengland] 15/12/2011 10:06

anyone out there?

[turbotrader2] 19/9/2011 21:08

someone must know

[madengland] 06/6/2011 16:32

anyone know if we are still trading?

[fulsha] 31/3/2011 10:37

I wonder whether anyone has been looking into making a Negligible Value claim ( & for the purpose of realising a capital loss... whether FibreGen may satisfy the conditions?

[turbotrader2] 06/3/2011 22:39

anyone want to buy my shares?

[madengland] 31/1/2011 09:40

Many thanks

[madengland] 31/1/2011 08:57

David, is there a web link to keep up to date on this situation? Your posting of info is much appreciated.

[david77] 19/1/2011 21:20

Those with shares in certificate form or a Crest a/c should have received their Annual Report today.

On page 2, the Chairman writes ".... The Directors will be working to develop some options for the Company over the next several months. However, the Company has few resources to support this effort and if it cannot obtain additional resources or identify an acquirer, FibreGen may not be able to continue Operations.

..."

Page 7: Revenue £'000) 18 months ended 30 June 2010: (£524)
...
Basic and diluted loss per share (15.9p)

Page 9: Balance Sheet

Total equity 30 June 2010 £'000 (106)
31 Dec 2008 £'000 £3,215

Page 15: Note 3: Staff costs Admin 2 people
cost £'000 2010: 267 2008: 174

Dirs' emoluments: £'000 2010: £309 2008: 248

Highest paid dir included in above
£'000 2010: 134 2008: 87

Note period to Dec 2010 is 18 months, period for 2008 is 12 months.

-------------
I said some ago that the dirs were running the business until they had spent all the remaining cash. I suspect that that is still the situation.

[sg31] 11/1/2011 10:58

My position is much the same.I could use the CGT loss this year.I don't expect to get any return here.

[sg31] 31/12/2010 11:27

If they are in certificate form you could frame them and hang them in a prominent position.At least that way they will be of value as a warning not to buy POS companies like this in future.

My investment has already paid dividends in the lessons I learnt.

I don't think there will be any other value.Can't even use the loss against cgt until they go bust.

[asparks] 31/12/2010 10:03

I have nearly 12,000 shares in this company. Are they ever going to be worth anything?

[david77] 29/11/2010 12:44

I don't know - you could ask on the CGT thread.

[madengland] 29/11/2010 11:38

Thanks for that. You mention earlier about waiting for the dirs to spend the remaining cash. Is there no way you know of of taking the loss now?