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Section 190(1)(a) of the Companies Act provides that: a company may not enter into an arrangement under which a company director acquires or is to acquire from the company — either directly or indirectly — a substantial non-cash asset, unless this arrangement has been approved by the shareholders or is conditional upon such approval being obtain
Lionelkipper a good find and it makes it very clear what the legal position is
Unfortunately for now you only have the CHLL board stating this is what has happened and "innocent until proven guilty" applies both in the US and UK
This could be a long and costly court process and CHLL still can't or won't release the current state of their accounts!
I hope it all works out for then but this is a hell of a bad situation and I still think the nomad and the auditors should be sacked for allowing these 2 to do what ever they want and to bring the SP down to 2p and suspended from the highs of 2021 and 1 pound
GLA
Newbie
Wtf
You’ve just written a word salad , innocent until proven guilty ??? Did you actually read the rules ???
CHILL Lionel.. haha that was quite good!!
Yes they are the rules. Also there are rues on murder, arson etc etc..
Because one person or on this case company states that crime has been committed it doesn't mean it actually has occurred.
I'm sure the 2 very rich directors may have their own version and very good defence lawyers.
Can little CHLL even fight this case in the US law courts???
Ouch I'm glad I've not a penny in here
Oh and your original post has been reported to LSE for slander!!
Guilty as a heading can only be used when they have been convicted
Good luck getting your 300 quid back from here 😏
Newbie
All you are is an old troll with a new id , you all start positive to weasel your way in then end up abusing , my role is to worm them out which I’ve just done . So thankyou ..lol
A member since June 7th , boy you’ve been busy
Not invested lool
Love hitting a nerve of a troll
What happens now is people will just disregard your posts now and as I’ve said I’ve done my job .
Libellous haha who are you T or A
Newbie
54 posts in 5 days on 8 different companies & guess what
Everyone negative!!!
***
It was over 1 pound when it was Zoetic and I believe it was March 2021...but of course you have conducted zero research of the company and its past history or you would have some insight of why it is now 2p!!
Good luck in the US/UK courts and I hope this comes out of suspension 1 day
***
most here hark back to the early days of when this company was HNR..long prior to zoetic...and going off your childish posts, newbie2024..long before you were even born !!
so don't tell us how to suck eggs in the research dept of OUR company we are INVESTED in..we are all too aware of SPs in years past..
now toddle on..your rusks will be soft now.
buffoon.
A new ID coming me thinks Fred
Perhaps there were a few still short, who prior to this weeks Company Update RNS, were bricking themselves at the thought of where the share price would be when Callum published the latest trading update referenced in the 4th June RNS.
This weeks RNS has provided them with an opportunity to change their underwear, and start the baiting in the hope that their gamble will pay off after all.
Wow it is your actual job Lionel to stalk people on an anonymous board IF they don't agree with you!
No only trolls 👿 like to warn innocent investors about people like you who post 56 times on 8 different companies which are all negative, call it networking !
A member yourself for a massive 3 months... awww
I'm guessing you were Village Pigeon before you had to change ID???
Bingo I thought you posted the same and only ever in CHLL and defend the indefensible
Gotcha
You remember village ..wow..but you’re only 6 weeks old .. gotcha
Everyone knows I was village as I admitted it , poor old lionel1 got a ban so I had to change him xx
Gotcha.. firstly what did you get??
Plus of course I remember you and how sad you were then.. and still now!
Why did they ban u???
Good luck with suspension
Actually it’s quite honest of you to admit you had another user ! What was it ?
You’ll find now newbie no one will engage with you so my job is done 👍
I'm afraid Newbie you have done yourself no favours.. no one will take your comments seriously with your clear agenda.