Rsv Shareholder's Action Group

"The next question is how do you restore the rights of the shareholders as well? You see quite a few of the shareholders did not buy looking for a quick ‘speculative’ rise, but were discussing the possibility of a rescue package as a means of restoring value to the company. They could see the benefit of using the shell as a listing vehicle for a profitable company."

This is just a fanciful made up story. You can't really expect the LSE/FSA to take you seriously on this?

The vast majority of the share buying was on 15, 16 and 17 Oct. The AGM was on 20th Oct at which the D4E/dilution was approved. Even if normal settlement procedures had been followed, it would have been physically totally impossible for the shareholders who purchased their shares on 15, 16 and 17th Oct to have received their shares in time to vote on 20th. It would therefore have been impossible for shareholders to have blocked the vote regardless of whether the settlement problems had taken place or not.

Looking back at the posts around 15, 16 and 17th Oct there was no discussion whatsoever along the rescue lines that you suggest. The posts from around that time suggest that at most one shareholder from ADVFN attended the AGM to vote. The claim appears to have been made up after the fact to provide the action group with a story that they can use to try to justify their wildly outrageous and ludicrous claims for compensation.

One hopes that the LSE and FSA will complete their investigation carefully so as to obtain an accurate assessment of the facts rather than the sensationalised version that the action group seems to wish to perpetuate.

Perhaps this in itself explains the lack of consulation? How can you consult reasonably and rationally with a group that start off with demands for millions of pounds of compensation, sensationalise their story and spin the facts?