Neos Resources Share Discussion Threads

[godolphin] 23/7/2014 11:50

They had no ideas as an aim stock so I can't see anything happening as a private company. The Quinvita IP seems to be the only asset, but they'll sell that off I would imagine. With no assets and no creditors then they can just strike it off, but it will take a while with the Indian business. So just a matter of waiting for the end.

[jojo_jo] 23/7/2014 10:57

I'm not sure if it's still available, but if it is, any b/forward tax loss will still be available to a private version of NEOS. We should still be kept informed as we remain shareholders of the company, if is to continue operating. It must continue until repatriation of the Indian arm's money sometime this year. I doubt we'll see any of that, but if this is going to end simply (strike-off/dissolution), then the books have to be balanced.

Administrators would only be called in if, for example, an agreed Govt. debt couldn't be met. I'd welcome it from a clarity standpoint, although the cost of it would certainly mean finality.

IMPO/DYOR/NAI
Jo

[leecoyote] 20/7/2014 23:52

I hope the administrators look VERY CLOSELY into Mr Rudofsky's role in this sorry saga.

[godolphin] 18/7/2014 16:52

If they have enough cash for the debts then they can just pay everyone off and strike it off, no need for liquidation. I can't see much point in doing anything else unless there's a secret asset somewhere.

[hope67] 18/7/2014 16:02

Take it we will go into administration next

The Directors have not yet concluded on the most appropriate future for the Company and will
communicate any decision when it is made.

[jojo_jo] 18/7/2014 10:35

Half a million quid's worth of AIM listing down the tubes.

You'd think there was a broker who marketed such things.

Surprised super-rich guys like Teeling and Myerson couldn't see a place for NEOS in their plans. I can only assume the tax losses weren't actually available to them as first thought. That after all is where the the real value lay.

[resourceful] 18/7/2014 09:43

shame on you stigologist
aidenabettin,we all feel for you

[aidenabettin] 17/7/2014 22:46

Thanks oilbuyI hope all who lost out here have better luck elsewhere

[oilbuy] 17/7/2014 22:40

aidenabettin.Im truely sorry for your loss.

[aidenabettin] 17/7/2014 22:38

17:23 Neos died20:35 My Dad diedNot a very gud day :(

[as119] 17/7/2014 21:52

I feel for Stephanie...didnt she have the biggest holding here

[g1g4lo] 17/7/2014 21:10

Myersons - both Brian and son Nicholas must be very embarrassed bearing in mind their vision that failed and their future was even worse.

Oh well, see you all in the future!!

[hope67] 17/7/2014 20:31

God knows what he was planning but it obviously didn't come to anything if they can't raise finance they are not going to raise money to re-list Neos

[whoppy] 17/7/2014 19:15

yep..but what was Teeling thinking when he stopped the original cancellation/delisting???..

[as119] 17/7/2014 18:29

Expected it...nothing surprisingRot in hell

[whoppy] 17/7/2014 17:39

Another loser for the Teeling stable...he must be really disappointed. Although the RNS does say not being able to do financing within the required time frame and directors deciding on an appropriate future.... therefore it may come back...but probably not.

[humpo2] 17/7/2014 17:33

_____________________________________________0.00 beats per min :-(

[mortimer7] 17/7/2014 17:28

Neos Resources plc

Cancellation

The Company announces that the admission of its ordinary shares to trading on AIM will be cancelled with effect from tomorrow at 8.00 a.m.

As set out in previous announcements, the admission to trading of its ordinary shares was suspended on 23 December 2013 because the Company was not in a position to publish and file its audited accounts for the year ended 30 June 2013 by 31 December 2013. Although those accounts have now been published, the Company's financial position is such that it requires further financing and it has been unable to finalise this within the required timeframe.

The Directors have not yet concluded on the most appropriate future for the Company and will communicate any decision when it is made.

[applelover] 17/7/2014 17:06

Response to my email to AIM regs.
Thank you for your email.
 
AIM Regulation is the department within London Stock Exchange which provides guidance to Nominated Advisers and AIM Companies on the AIM Rules for Companies and AIM Rules for Nominated Advisers.
 
In respect of you enquiry, we are unable to assist with general research and AIM Regulation does not comment on specific regulatory decisions but, as you will appreciate, cancellation of an AIM company's admission can have a significant impact upon its shareholders and can advise that the Exchange therefore carefully considers all prevailing circumstances before exercising its powers of cancellation pursuant to AIM Rule 41.

[godolphin] 17/7/2014 09:10

Teeling won't say anything, he's not an officer of the company. Gordon Tainton is available at Aslchem through their switchboard, but not likely he'll have much to say.
The longer it goes on the less I seem to miss the cash, would be a nice bonus if anything happened.

[webster34] 17/7/2014 00:45

Here they are.

hxxp://162group.com/about-us