Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Put all your shares into one basket, etc.
That language was used on the LSE chat board
when I got caught. I was stupid but I am no longer
the most stupid. The Internet enjoys taking
advantage of fools in need of therapy . I have not
reached that point and never will be so stupid.
ON-LINE Broking is a business without responsibility.
If you complain you are dumped.
Beware life is not fair.
Many Asset Managers in the past employed
penny share brokers who phoned and phoned
and did not stop phoning till they sold shares
the Asset Manager had to shift. FRR was sold
to my husband who suffered from Parkinson's Disease
and had a few other health problems.
Those penny share pushers sold FRR
and in ignorance I carried on buying.
You have to be in it to win it.
Put all your eggs into one bas
Drmike33 - You are right it was a lucky, it was not a considered choice. However Frontera was a considered choice and so far that hasn't been lucky. Let's hope that all this "stuff" gets sorted soon then we can all relax.
I never said any brokers would send out certs , TSBS1 was you a nominee holder ? If so then you would not get a cert from your broker as they would hold a total cert for all those held. Brokers do not issue certs the registrar does. If hsbc was your broker speak with their corporate actions dept they will have the nominee certs. I would put a large sum of money that Frontera have a full list of holders , nominee totals and individual cert holders. This info would be lodged with any new registrar if we ever realist. Hope the message is finally clear as getting bored repeating myself.
Thanks Contra for your comment, though not particularly helpful or constructive though to those of us not with Halifax!
Your post in July 2019 was
"I don't suppose that any of us did much serious market research before we chose our broker, I know I didn't, it was the easiest choice at the time after Barclays messed up their broking facility so my choice was more by luck than judgement."
So you have been lucky. Going to another broker at this stage, after the event, isn't going to cause a missing share certification to reappear.
Every Broker would have received notification of the total number of shares in their nominee holding. The Broker would then allocate the respective number of shares owned to each individual account. My Lloyds/Halifax account shows the correct number of shares in my holding and the total book cost of purchase. If your Broker has done some or none of these things then you need to find yourself a decent Broker that does what is required.
Both Dave 73 and myself have highlighted this over the years many times.
Thanks for that, will go looking for it….
that FRR relist, not resist.
City boy, I am in the same boat as you. The only 4thing that II have confirmed for me is that my holding of FRR shares is shown on the Selftrafe statement dated 4th April 2019 (post suspension of trading). That statement is accessible via my II account in my "document history" having been transfered from Selftrade to EQi and then to II following successive transfers of my account. This is my only hope that if relisted on AIM, that my holding may be returned to my trading or ISA account.
I'm unclear as to what Dave73 means when he says that each "broker" held my share certificate and the "registrar" sent it out when trading was suspended.
Who might that broker be and how would you identify them?
I remain hopeful that FRR may resist, but fearful that my holding may not reappear in my II account automatically as Dave suggests.
Here's hoping!
Tsbs , your comment confirms that shares get lost for
many robots cannot cope. Staff in Finance are fed up
and leave. Many over 50 are replaced by youngsters
without experience. Anybody over 75 does not count.
WOKE culture has gone too far.
Tymers, thank you.
The LSE chat board got me into trouble and HL
is in trouble for nobody in broking is aware of the
LSE Board. Shares in Finance are going up while many
AIM shares go down. "We value our customers?"
sucks us in and rely on luck to survive . Customer Service
is no longer what it once was. The FCA is for them
and not for us. Robots run the show and some are useless.
We need FINANCIAL Advisors paid on result. It's the only
way forward.
Dave no certs we’re sent out by hsbc despite repeated enquiries to them instead we were told to contact registrars but they downed tools
You say we are all on the register whatever but I wouldn’t like to bet on it
In the same boat CB, when I contacted whoever took over from Selftrade they said to get a cert from FRR, I tried but of course heard nowt.
Mapp the expert thanks
My shares with selftrade, now iii , have gone.
HL moved FRR from ISA to Trading account.
ON-LINE investment is a nightmare and I wonder.
Too much confusion and too many fraudsters get
away with crime.
The Corporate Actions department of every broker has the share certificates for those people that used their Nominee holding. These were sent out to each holder once they went private by the Registrars. In theory if we ever go back to market then these shares will be deposited into Crest and holdings will therefore show on your accounts as prior to delisting. Those people who choose to have a certificated holding should either have their certs or have maybe lost them/other. Indemnities can be sought once a new Registrar is appointed....big if. GLA time is drawing nearer.
I was moved to II when Selftrade folded. When FRR delisted they were removed from my holdings and therefore no holding in II, anywhere. My only hope is that the transactions records passed over clearly show I am a holder.
II say they won’t post a holding unless they receive a valid certificate which few have - I certainly have not got one……. One day maybe……
My FRR shares are with ii and are still showing in my ISA Account. They have not been moved out to my Trading Account.
Sunak should be concerned about
Private Investors. Successful ones can
afford to spend and are good for the economy.
Brokers should open their books and explain how
many investors lose. Investment Chat Boards need to be
supervised . Unsuitable participants are obvious and
should be warned. Oil and Gas, mining are for experts
and not for Grannies.
Your Broker will have already tossed them out of your ISA, many months ago.
If we get lucky, then you can apply to HMRC to have them reinstated. But it will only happen if HMRC deems them eligible. I've already written my sob story :-)
The outcome of the Summary judgement will be interesting & would think important.
Thanks Looed, will as always await your great updates to us all and of course , keep the faith this ain’t over yet for us share holders.
GLA
We know that the level of detail available to us from the Cayman Islands is meagre at best. Outside of disclosing the current status of the company we do not know how accurate or updated any ancillary information is.
The Cayman Registry entry for FRC-Cayman was last checked in Nov 2020 and an updated records check has now taken place. The company remains listed as “active” and FRC continues to be classified as an “exempt” company.
One oversight is that ZM remains listed as a director of FRC-C (the other directors are SN and LG). It’s your guess if this is a result of tardiness by the company in updating the Cayman public record or if it this reflects how long it takes for information to filter down to the public record.
Other than fighting Cayman-related court cases we don’t see any other activity in Cayman so I expect this admin issue isn’t something that will trouble the company too much, but they have been informed on this matter.
Other than this anomaly, the company is alive in both Texas and Cayman.
This website explains the corporate benefits of being classed as “exempt” in Cayman, though it doesn’t seem to do much for shareholder rights - https://www.harneys.com/media/j40bf0kn/c01_exempted_companies_in_the_cayman_islands.pdf
Some other events to look out for this month - the release of the Q4 ‘22 lobby report and FRC’s response to the Hope Motion for Summary Judgement in the Cali case.
Was he a magician ?
Broking is a business without responsibility.
ON-LINE Brokers have to keep their shareholders
happy and clients are treated like a nuisance.
I