Re: CVA So I guess they didn't make their 28 day target...? News soon?
Re: CVA August 11th, 2015 SNR is in the process of compiling an updated CVA that now better reflects the immediate position in front of it, inclusive of the expected investor in SNR. SNR was today also granted by Quantuma, the liquidator for Land Consultants Limited (LCL), SNR's largest creditor, an extension period to crystallize the inward investment into SNR. An update will be posted as soon as the new CVA and investment have been completed. This is anticipated within the next 28 days.
Re: CVA [link]
CVA SNRP website updated with this:The board of directors of Strategic Natural Resources is working on a reorganization and will post status information here, making public the notices as they become available. At present, the Company is attempting to work through a "Company Voluntary Arrangement" (CVA). A creditors and shareholders meeting will be held on August 10th, 2015 at the following location: Meeting time and date: 2 PM - 10th of August 2015 Silke & Co Ltd - 1st FloorConsort HouseWaterdale - Doncaster - DN1 3HRAt least things happening behind the scenes but creditors/shareholders could well get wiped out.TTT
Latest Statutory Filings... Seems the company is still active on Companies House. And a recent filing to appoint Blair Joseph Merriam as a Director took place in July - anyone have any idea about what is going on?
Re: PROPOSED VOLUNTARY ARRANGEMENT Rothstein,My understanding is that there is/was a good appetite. The CVA looks like a good (only?) route to deliver some value for shareholders AND creditors so all is not lost. I expect some company communication on this in the next weeks. It is tempting to think that no news means nothing going on but in this instance, not true!
Re: PROPOSED VOLUNTARY ARRANGEMENT I think they have ran out of cash and I'm guessing the latest attempted PI fund raise was not met with the required appetite.
Re: PROPOSED VOLUNTARY ARRANGEMENT Don't be silly, we're just investors who have lost all of our money - don't expect to be told anything!
PROPOSED VOLUNTARY ARRANGEMENT APPROVAL OF THE PROPOSED VOLUNTARY ARRANGEMENTAccording to TDW I can vote - for, against or abstain, just got no idea what for???Anybody got a clue as to what this voluntary arrangement is?
Re: Further update circulated All correspondence is to the Company only using the contact details provided
Further update circulated Get in touch with either Paul or CEO for the subsequent correpondence received overnight.
Re: background activity Paul can sack my dack. I've had no e-mail - and i've never even had a response from any of my query e-mails. SNRP just another AIM scam in this illegal casino we all play in.
Re: background activity 23rd of June I think it was - best ask Paul for a copy as timescales are pretty tight if you wish to partake. Likewise you can contact the CEO direct as suggested in the correspondence.
Re: background activity Rothstein,When was it sent?
Re: background activity Nope...?