Scotty Group Share Discussion Threads

[moving up] 06/6/2020 19:37

Oh dear Andy, looks like i may have hit a nerve re last posts, apologies,if you had any connections,
Kind Regards
A---m

[moving up] 31/5/2020 20:38

re last post Andy!! Sorry if you also had any connections with an adviser called
Mr B Hershon!!

[andy] 28/5/2020 10:13

Moving,


It sure has transformed for the videophone company it started life as!

Did you ever find out about the cash refund?

[moving up] 28/5/2020 10:11

Thuraya and SCOTTY Group have secured line-fit offerability for the Thuraya Aero mobile connectivity solution on Airbus H145 and H135 helicopters, the companies announced Thursday. Thuraya Aero is an In-Flight Connectivity and data-sharing platform that uses mobile satellite communications to provide internet access, text messaging, phone calls, VOIP, video and audio conferencing as well as aerial surveillance, especially for Beyond-Line-of-Sight missions.

Airbus customers can now install and customize their Thuraya Aero kit when ordering new aircraft. Thuraya said the system will be fitted on the production line, with no need for further tests and verification, and the aircraft will be ready to use on delivery. This will allow it to be deployed immediately to deliver mission-critical capabilities instead of being grounded for months to retrofit communication systems.



Thuraya deputy CEO Sulaiman Al Ali said, “Line-fit certification, which undergoes a rigorous compliance process, is a testament to the reliability and robustness of our network and airborne satellite communications services. It is of paramount importance to our government customers to access onboard communication as soon as they take possession of their new aircraft so they are ready in their mission-critical duties.”

[moving up] 08/4/2020 10:10

Does anyone know if Scotty Group still intend to go ahead with the cash refund in return for its shafted share holders!!

[charlie_324] 17/11/2019 09:09

Diamond Aircraft conduct demo of special mission DA62

....live surveillance imagery, flight tracking, and duplex data was displayed on the ground using a Scotty Group Mobile HD portable receive station that supports live exchange of Intelligence, Surveillance and Reconnaissance (ISR) information, transmission of border/coastal patrol imagery, and first-responder support.

The DA62 MPP special mission aircraft with the installed airborne system will be on display at upcoming Dubai Airshow on Diamond’s stand S5 during November the 17th to 21st.

[moving up] 23/10/2019 18:30

Thanks for your thoughts Andy, with 3200 shares im probably going to cash in as i have already lost to much in the past on this company!!!you would like to think they will be contacting our brokers who are holding these shares regarding this offer though
Kind Regards
moving up

[andy] 23/10/2019 17:08

Moving up,


This all looks a bit odd, I would think most companies have shareholders they cannot identify, yet they are saying they need to identify everyone to comply with Austrian law?


Ok, there seems to be 2 choices, one is that you can cash out and receive Euro 1 per share you own, OR, you have to fund 1 Euro per share you own by the 29th October, and will receive a refund of this amount in June 2020!


So effectively they are receiving a loan, although whether or not they have use of that money is another matter.


If I were still a shareholder I would consider taking the 1 Euro per share rather than remain with a company in Austria, unless you are confident of their technology and feel they could really go places of course.


At least it's an opportunity to exit for some.......

[moving up] 22/10/2019 18:45

of
SCOTTY Group SE
company register number - FN 377850 m
Friedrich Wilhelm Raiffeisen-Straße 3, 7000 Eisenstadt
(hereinafter referred to as the "Company")
Decrease of capital
Due to the shareholders’ resolution passed by the extraordinary general meeting of the
Company on 23rd August 2019 to decrease the Company's share capital from EUR
1,454,460.00 to EUR 0.00 (with a subsequent increase in share capital), an amount of
EUR 1,454,460.00 will be paid out to the shareholders. For the purpose of the Company's
payment of the capital reduction amount to the shareholders in accordance with § 178
Austrian Stock Corporation Act (AktG), we request the shareholders not participating in
the capital increase to submit the following documents and information to the Company:
(1) As proof of its shareholder status, the deposit confirmation/safe custody receipt
(Depotbestätigung) pursuant to § 10a para. 2 Austrian Stock Corporation Act (AktG)
as of the record date 28th October 2019, in which the institution maintaining the
deposit confirms the shareholding of the Company, stating the deposit holder.
(2) Transmission of the completed form of the Company and a copy of an official photo
ID of the shareholder for the purpose of obtaining the information required for the
payment of the capital reduction amount by the Company to the shareholders. The
aforementioned form of the Company may be requested by fax: [phone]
or by mail: [e-mail].
Pursuant to § 10a (2) Austrian Stock Corporation Act (AktG), the deposit
confirmation/safe custody receipt (Depotbestätigung) as of the record date 28th October
2019 (reference date - Stichtag) must contain the following information:
(1) the issuer by stating his name (company) and address or a code customary in
interbank transactions;
(2) the shareholder by stating his/her name (company name) and address, in the case
of natural persons additionally the date of birth, in the case of legal persons if
applicable the register and the number under which the legal person is registered
in the country of origin;
(3) the number of the deposit, otherwise another description;
(4) the number of shares;
2
(5) the time or period to which the deposit confirmation/safe custody receipt
(Depotbestätigung) (reference date - Stichtag).
Increase of capital
At the aforementioned extraordinary general meeting held on 23rd August 2019, the
resolution to increase the share capital was also passed. We hereby request the
shareholders entitled to subscribe to exercise their subscription rights (Bezugsrecht) to the
new shares in order to avoid the subscription right expiring in the period from 29th
October 2019, 0:00 hours (CET), until 12th November 2019, 00:00 hours (CET)
("Subscription/Offer Period" [Bezugs-/Zeichnungsfrist]) via their depositary bank during
normal business hours or directly at the Company.
All shareholders of the Company were admitted to subscribe for and acquire the new
shares in proportion to their share of the existing share capital prior to the capital
reduction, so that each old share is entitled to one new share. For further information on
the exercise of subscription rights (Bezugsrechtsausübung) within the Subscription/Offer
Period, please contact the Company by fax: [phone] or by mail:
[e-mail]. We also hereby refer to the information published in
the Official Gazette of the Wiener Zeitung on 1st October 2019.
Note: Subscription rights not exercised in due time ("Subscription/Offer Period" [Bezugs-
/Zeichnungsfrist]) expire and will be deactivated after expiry of the Subscription/Offer
Period.
Eisenstadt, 27th September 2019
The Board of Directors
Dipl.Ing. Kurt Kerschat
Mag. Manfred Scharsinger-Traupmann
ISIN: AT0000A1PCL9

[moving up] 22/10/2019 18:43

Dear SCOTTY-Shareholder,



despite several attempts and urging SCOTTY Group SE still has a very high percentage of not registered shareholders which is already negatively effecting the operational business. In order to protect the business of SCOTTY we have started a process to reconcile the shareholder-structure. This process consists of a capital decrease to ZERO and a voluntary capital increase up to the existing share-capital. At the end of the process SCOTTY Group SE will have a shareholder register where we know 100% of the beneficial owners as legally required.



The information about the process was published in the Wiener Zeitung on October 1st, 2019 and additionally an information was sent via the OeKB (Österreichische Kontrollbank) to all Custodian banks with depots containing SCOTTY Shares with ISIN AT0000A1PCL9. This information is enclosed to this email.



This process makes it necessary that ALL shareholders (registered or not) have to declare themselves – in your case once AGAIN. Basically you have 2 options:



Option 1 – Remain shareholder

For this you have to sign for new shares. The existing shares (ISIN AT0000A1PCL9) will be cancelled after the capital decrease taking effect. To sign for new shares you have to send

1. a deposit confirmation with record date October 28th, 2019

2. completed form “Bezugserklärung”

3. completed form “Zeichnungsschein”

4. completed form “FormblattR21;

5. Proof of ID

You also have to pay in the nominal value for the new shares you sign for (1 share = 1 €). The nominal value of the existing shares (ISIN AT0000A1PCL9; 1 share = 1 €) will be paid out with the capital decrease after the minimum period of 6 months from the application to the company register. We expect the payment to be released in June 2020 to all existing shareholders.

Please note there is a deadline for this capital increase starting with October 29th until November 12th – this deadline includes the supply of the documents as well as the payment for the new shares.



Option 2 – Receive nominal value from capital decrease

If you decide not to register for new shares you will get paid the nominal amount of your existing shareholding from the capital decrease after the minimum period of 6 months from the application to the company register. In order to verify your existing shareholding you have to send

1. a deposit confirmation with record date October 28th, 2019

2. completed form “FormblattR21;

3. Proof of ID

To register for the decrease (and the payment later on) there is no direct deadline but we recommend to do this as soon as possible.



We hope this information is of value to you. If you have further questions please do not hesitate to contact us.



Best regards



Kurt Kerschat, CEO

Manfred Scharsinger-Traupmann, CFO

[andy] 22/10/2019 13:08

Moving up,

Why not paste it in here and people can post an opinion?

[moving up] 22/10/2019 13:02

Hi all existing share holders

have just received an email from Kurt Kerschat, CEO​ about what to with our shares!!

did anyone receive the same email and can anyone explain it more clearly

kind regards

moving up

[moving up] 25/9/2019 20:53

thanks for the up date Ladybird1
is there any chance of the remaining shares could be worth anything then!!!
regards
moving up

[minerve] 08/1/2019 14:06

Mick C

They will promise some sort of payout but you will need to provide ID and/or make a payment first: that is the scam.

[mick c] 08/1/2019 13:57

For the last 6weeks I have been getting phone calls and emails from Mark Penington and Asley King at Heritage Acquisitions asking for the same info and the same amounts I have sought advice from FCA, Action Fraud and Capita Registrars who all say it looks like a scam but what is the scam, identity? A link on the email takes you to a firm in Boston it all looks professional so there is money in it for someone .I just can't make out who

[tttania] 14/12/2018 13:58

Thanks Minerve I Agree

[minerve] 14/12/2018 12:16

It's a scam. No doubt about it. Ignore them and do not send any information whatsoever. You cannot claim compensation for a fall in the share price You can obviously set losses of CGT against forward gains and you MAY be able to make a 'negligible value claim' on your tax return, but seeing as they still have value privately then perhaps not - others may know more about this. But compensation, no, a scam and that is all there is to it.

[apsoo] 14/12/2018 12:05

In any case, isn't Scotty still trading in Austria?
It's just de-listed from the Austrian exchange but the company is still around.

[tttania] 14/12/2018 10:47

Thanks Andy ive think ill report to FCA Ive now also registered the shares on Signal Shares Rigister although Scotty advised that he had no shares with the acquistion from Motion media, on Signal shares are holding at 2480 so he must have some- new to all of this yet to try and sort his other shares he had with other companies any advise who can help me many thanks

[andy] 14/12/2018 10:17

ttTania,


Yes I think it's a scam too.


I can't find him on LinkedIn, although it's a fairly common name, surprisingly, and I checked 15 pages.


I can't find a company with that name in Google, so 100% sure it's a scam, so probably better not to send your id, but if you do, at some point I expect them to ask you for an 'administration fee'.

[tttania] 14/12/2018 09:58

and copies of the certificates of shares

[tttania] 14/12/2018 09:57

no just to complete a form although to send over my id and utility bill doc, sure its a scam advising that compensation is due to the amount of 105600 dollars - contact name was Mark Pennington Heritage Acquisions Boston USA sure its a scam

[andy] 13/12/2018 19:02

ttTania,


Are they asking for an upfront payment or administration fee?