Steerpike
Member of DD Central
Posts: 1,977 
Likes: 1,687
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Post by Steerpike on May 4, 2022 18:56:55 GMT
Trust the M***** V***** Bio**** directors and vote for option 1, or look at their record to date and choose option 2.
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Post by stan88 on May 4, 2022 19:28:47 GMT
Trust the M***** V***** Bio**** directors and vote for option 1, or look at their record to date and choose option 2. Yes well I guess most will vote for option 1, was wondering if the lot at CHP might go down this root if the Bio**** lot are successful.
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Post by GentlemansFamilyFinances on May 4, 2022 20:29:11 GMT
Trust the M***** V***** Bio**** directors and vote for option 1, or look at their record to date and choose option 2. Yes well I guess most will vote for option 1, was wondering if the lot at CHP might go down this root if the Bio**** lot are successful. I just voted for option 2 - they have most my trust. I only had £250 in this project so not a huge loss but I would like to close the door and move on. And the idea that they can do a better job in 12 months over an administrator in 12 weeks? I don't believe it. Wind it up I say.
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Post by GentlemansFamilyFinances on May 23, 2022 11:57:18 GMT
Seems like the recent proposals were passed for another 12 months of time to wind things up.
My protest vote didn't count for much but tellingly the turn out was below 50% - a sign that half of us have just lost interest
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Post by nbk on May 27, 2022 14:35:53 GMT
See latest equity proposal from the company. The new investor putting in £250k at 0.073p per share is going to make an absolute killing if the projected dividend returns of 0.251p to 0.508p per share over the remaining 15 years are even remotely realized. That represents a 344% - 696% return on investment over 15 years. Shame we only get to invest 25% of our existing holding (per-emption) - especially as we effective paid nearly 14 times the price for the shares given our original investment.
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Steerpike
Member of DD Central
Posts: 1,977
Likes: 1,687
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Post by Steerpike on Jun 1, 2022 16:56:44 GMT
It is very exciting that Str*nd En*rgy have tripled their money in under a year and now it seems that their friends want some of the action.
Of course, the fact that Abundance Debenture holders lost over 90% of their money just before the restructure is not at all relevant to this turnaround.
Perhaps, if things are really on the up, one should tag along in the hope of recouping some of those losses?
If no Abundance debenture holders shareholders subscribe then the majority shareholders total will increase from 66.7% to 74% which is very close to the 75% required for consent for "Reserved Matters".
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beh
Member of DD Central
Posts: 175
Likes: 77
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Post by beh on Jun 1, 2022 21:12:44 GMT
"18 shareholders holding 0.3% of the shares have voted against" - ha, I knew it was futile but one of those was me.
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Post by optymystic on Jun 7, 2022 8:47:52 GMT
half of us have just lost interest At least one of us is still profoundly miffed about losing his cash and the dearth of information received from Ab****nce. In particular, this investor wants to know how Ab****nce demonstrated that all investors in this group of connected companies were treated treated fairly and equitably. Given that the directors of these companies determined the terms of trade between them as detailed in the debenture documentation we could be forgiven for expecting all debentures in the companies to have been treated equally. Do we have evidence that that actually happened?
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Post by mizunomx25 on Jun 8, 2022 7:08:07 GMT
half of us have just lost interest At least one of us is still profoundly miffed about losing his cash and the dearth of information received from Ab****nce. In particular, this investor wants to know how Ab****nce demonstrated that all investors in this group of connected companies were treated treated fairly and equitably. Given that the directors of these companies determined the terms of trade between them as detailed in the debenture documentation we could be forgiven for expecting all debentures in the companies to have been treated equally. Do we have evidence that that actually happened? Yes!! And to think they recently sent out a survey actually stating that I had not invested any money in Abundance for a long time! They actually wanted to know why?? I mean... Is it not obvious to them. I have made my feelings known to them on numerous occasions in the past. Almost Laughable!!
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Post by optymystic on Jun 8, 2022 7:32:29 GMT
Yes!! And to think they recently sent out a survey actually stating that I had not invested any money in Abundance for a long time! They actually wanted to know why?? Were I another investor in A*******e i.e. not an investor in M********* V***** CHP, I would be be very concerned that A*******e has been so successful in concealing these losses and the fact that A*******e debenture holders have been wiped out on a scale of several million with little debate or discussion between A*******e and its customers. While investors know they risk losing money they don't expect to lose all of it especially in an apparently secured debenture. We can't expect A*******e to openly advertise the fact that this investment has been a wash out, but perhaps a table showing winners and losers might be a little more transparent.
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Post by mizunomx25 on Jul 27, 2022 12:43:37 GMT
Yes!! And to think they recently sent out a survey actually stating that I had not invested any money in Abundance for a long time! They actually wanted to know why?? Were I another investor in A*******e i.e. not an investor in M********* V***** CHP, I would be be very concerned that A*******e has been so successful in concealing these losses and the fact that A*******e debenture holders have been wiped out on a scale of several million with little debate or discussion between A*******e and its customers. While investors know they risk losing money they don't expect to lose all of it especially in an apparently secured debenture. We can't expect A*******e to openly advertise the fact that this investment has been a wash out, but perhaps a table showing winners and losers might be a little more transparent. Somebody else's complaint about Abundance.... Makes Interesting reading Mobilise your money for good..? 'Mobilise your money for good' is the opening tag line for Abundance, who purport to offer a ‘great ethical investment’. The questions I have are; where is your money moving to? And; whom is the ethical investment for? And; where is the due diligence? I was drawn to a matter late last year after investors in one project were asked to accept a 90% reduction in the value of their investment. Obviously investment is risky and Abundance make clear, ‘Your capital is at risk. Our investments are long term and may not be readily realisable.’ When I looked further, I learned Abundance appear to invest in a number of companies run by the same team of Directors, digging a little deeper, (less than 30 minutes on Companies House), it is clear these Directors have a track record of running businesses that appear to fail over the long-term. These Directors include a recent undischarged bankrupt, a director on the cusp of bankruptcy with another foreign investor hoping to raise private funds to ‘trade’ Abundance shares, on an internal Abundance trading platform, who has a company in the United Kingdom, with a catalogue of debt, including non-filing of tax returns or payment of rent for over a year. Not only did Abundance ‘recommend’ investors to accept a the reduction of the value to restructure one of these 'opportunities', they do it following two previous requests for additional funds to prop up the ailing business and knowing the Directors have other failing businesses within their Abundance portfolio and yet they keep the Directors in place. With no apparent due diligence, a vacuum of common sense and seeming abject disregard legal financial compliance, how do Abundance explain how investing in bad companies and bad directors is going to bring their investors their promised returns? I would also ask if this approach would pass muster with large investment companies, I suspect not, so they appear to reach out to the 'little people' to take their money. At this stage Abundance don’t appear to want to answer these questions.
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Post by optymystic on Jul 29, 2022 8:32:54 GMT
Is it really possible that faced with a massive increase in the price of gas, there is no market for electricity generated by burning wood chip or for wood chip based heating systems? The paucity of information beggars belief. I made this comment 5 months ago. M********* V***** CHP should by now be coining it and looking forward to an extremely profitable winter quarter as the cost advantages of wood chip based heating and hot water systems grow fantastically. Where is the encouraging report from the directors promising us correspondingly fantastic dividends?
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Post by optymystic on Aug 12, 2022 8:29:29 GMT
Sent this a.m. I am not holding my breath.
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Post by optymystic on Aug 24, 2022 8:13:17 GMT
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Post by mizunomx25 on Aug 30, 2022 13:44:03 GMT
Rue the day we ever heard of Abundance.....
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