Call me Earley. The FCA raided the house of Aidan Earley yesterday AM taking away computers etc apparently in connection with an investigation into Worthington.
"free" shares jarvis want £18 if i want my share cert in whetstone, no other option217 shares, is it worth it?
Re: Liquidators report Issued! Worthington Group PLC was essentially prior to the two previous managements a quoted shell company having ceased its textile business beyond a minority interest in a small trimming company with a modest cash balance & a former factory site.It however had a problem in that it had a substantial historic shortfall in its defined benefit pension plan & significant on going costs in running it.The pension problems dated from before the appointment of directors at the time of liquidation and a previous management.Without significant introduction of new capital &/or additional income the company could not have survived for any length of time as the ongoing liabilities of the pension scheme exceeded the value of residual assets of the company.It would be the duty of directors faced with such circumstances to either find additional capital or if unavailable put the company into liquidation.As far as I am aware Mr Winnifrith's comments on the company did not begin until after the company had been suspended from the market and until after it failed to submit annual accounts in compliance with market rules and UK Company Law.
Re: Liquidators report Issued! The report doesn't tell us much we didn't already know, what'll be more interesting is if there is blame to be laid, will it fall on the BOD or BB posters and Tom Winnifrith?
Liquidators report Issued! Amusingly the only realisable Worthington asset so far found is an old tin shed in Bradford without services known as the "Old Boiler Room House" let out for storage.So much for the multi billion conglomerate..........
It's On 15th December 2017 - my role within Whetstone Capital Group Plc (WhetstoneAs a result of the last three difficult years Allan Biggar and I have, perhaps unsurprisingly, formed a strong friendship. We have also formed a business Partnership and are working on a number of projects together. One of these is Whetstone (www.whetstone.capital) Indeed the Partnership has provided cash and security totalling some £700,000 to Guildford Street to enable it to fund its investment in Whetstone and also to finance the gift of shares to Worthington shareholders. Any profits from projects that we are jointly working on, after taking into account normal living expenses, will be paid 50% to my former creditors (until settled) and 50% to Allan's planned new charity "Mankind" until it matches the sum paid to settle in full my former creditors. During the last three years Allan has also become a committed Christian and this is a charity we both support. It is being established to assist those men (in particular) who are facing serious difficulties in life. The difficulties that men face are often underplayed and under supported. For example, middle age family men who have, for whatever reason, encountered serious problems, having been providers for their families and successful in their careers, are often too proud to ask for help. Having both experienced serious difficulties of different types over the years, and learnt many valuable lessons as a consequence, we believe that we are well placed to provide support to those facing problems that they may feel are insurmountable. We hope and believe that Whetstone will be a great success and thereby indirectly assist two worthwhile causes. My specific role will be to act as a corporate intermediary and deal negotiator, as I did for Worthington. I will bring transactions to the Investment Committee and Investment Manager who will then decide whether the proposal should be put to the Company's Board of Directors for ultimate approval. It may be that at some future point I have a wider role in the Company, but that has not been suggested by me or proposed by the Company. The main thing is that Whetstone is finally ready to move forward and hopefully complete some really exciting deals.[link]
Re: It's Off! What!Not even a pint of Worthington's IPA!
Re: It's Off! no one should be surprised by this, my local pub has a sign saying "free beer tomorrow" and despite going back day after day, I've never been given a free pint
It's Off! We never knew exactly what this "Noble Resolve" was;but apparently its off according to Aidan Earley !
Difibulator for wrn bb Thought what is due to happen today/tomorrow might have elicited some response.
Re: 14th September 2017 Life ? maybe. This has been a running joke for a long time. However, prompted by your message I rechecked the NR website, and there is indeed an announcement today about share trading commencing on Oct 10th.I still don't attach much credence to this as we have had numerous spurious announcements in the last 3 years. Still - I have asked my broker to check this out (they hadn't heard anything but their corporate action team may have) and will report back anything I hear.ATB
Hello Is there is life out there.
14th September 2017 8th September 2017 - Commencement of TradingYes, of course it is still all happening. All approvals given. Do you really think we would have gone to all this trouble if it wasn't? Date for commencement of trading to be announced on 14th September 2017
HFW Take it you're now getting your emails?Got mine 18:16Dear ShareholderThank you for contacting HFW confirming that you are a shareholder in Worthington Group plc (in liquidation) and providing further details about yourself/your holding.The company and its advisers are in the advanced stages of the listing process and will be able to provide more news in the near future.We have all the necessary information we need for now and will be in touch shortly.Kind regards
Re: Waffle or not, it's arrived Did anything happen with Noble ? Or is this another disappointing cul-de-sac