**Delisted shares, and Administration!!! HELP!!!**

j_ames9999

Hi,

I bought £1200 of Actif Group plc shares who went into administration about three months ago. I contacted the administrators, and they say that DB Actif, and Actif Retail, have been put into administration, and not Actif Group PLC.

They gave me an address for correspondance, and a telephone number. I gave it a call, and the two parts of Actif Group mentioned above have been bought by L Wear Ltd. The person I spoke to from L Wear said that Actif Group had no assets. I don't understand why as they haven't yet gone into administration. The trouble is that Actif Group PLC and L wear both appear to have the same address for correspondence.

As Actif Group PLC have not gone into administration, who is now responsible for my shares? As I see it, Actif Group are still alive, but barely. However, the administrator, Kroll, have told me that 'as the Joint Administrators have not been appointed over Actif Group plc they can not comment on the situation in respect of your shares.'

So what should I do now????? I'm completely confused as to whether or not I have lost all the money, but nobody seems to be able to give me a concrete answer as to what is happening with the original company I bought my shares with (Actif Group PLC)

HELP!!!!!!


:mad: :T :eek: :beer:

DocProc

Below are the last three RNS notices issued by Actif Group plc (ACT) :

Actif Group PLC
04 April 2006

ACTIF GROUP PLC
('the Company')

Appointment of administrators

The Company announces that Messrs Andrew Pepper, Peter Saville and Alastair Beveridge of Kroll Limited have been appointed administrators of the Company's two main subsidiaries, DB Actif Limited and Actif Retail Limited.

This follows the announcement made on 3 April 2006, following which dealings in the Company's shares were suspended on AIM.

Enquiries:

Actif Group plc 020 7436 0222
David Brock, Chairman
Mark Evans, Chief Executive

Seymour Pierce Limited 020 7107 8000
Jonathan Wright, Director

Kroll Limited 020 7029 5000
Sarah Foster

This information is provided by RNS
The company news service from the London Stock Exchange

................

Actif Group PLC
03 April 2006

ACTIF GROUP PLC
(the 'Company')

Suspension of trading

The board of the Company has today requested AIM to suspend trading in the
Company's ordinary shares pending clarification of the Group's financial position.

A further announcement is expected to be made shortly.

Enquiries:

Actif Group plc (020 7436 0222)
David Brock, Chairman
Mark Evans, Chief Executive

Seymour Pierce Limited (020 7107 8000)
Jonathan Wright, Director

This information is provided by RNS
The company news service from the London Stock Exchange

.........................

AIM
03 April 2006

NOTICE
(229)

03/04/2006 8:00am

TEMPORARY SUSPENSION OF TRADING ON AIM

ACTIF GROUP PLC

At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 03/04/2006 8:00am pending clarification of the company's financial position.

Ordinary Shares of 1p each (0-029-209)(GB0000292093)
fully paid

If you have any queries relating to the above, please contact the company's
nominated adviser on 020 7107 8000.

Ref: AIMNOT229

..........

DocProc

So what should I do now????? I'm completely confused as to whether or not I have lost all the money, but nobody seems to be able to give me a concrete answer as to what is happening with the original company I bought my shares with (Actif Group PLC)

Well, it does look as though you have lost or are going to lose all your money - but it's not yet 'official'.

When it is 'made official' you will be able to claim the full amount of your loss with the tax man against your other Capital Gains when you send in your tax return.

Not much else you can do really other than wait. If you are on 'the company's' share register it will be the duty of the administrator to notify you in a way which will allow you to do this. It could easily take about a year or so.

Have a nice Christmas.

Perhaps it might be an idea to decide not to make 'high risk investments' like this in the future. By that, I mean 'buying shares in very small plc's in the AIM market'.

j_ames9999

Quote

When it is 'made official' you will be able to claim the full amount of your loss with the tax man against your other Capital Gains when you send in your tax return.

I have an HSBC invest direct account, and have not done a tax return yet, should I be worried??? I've had it for about a year. I assume they come through at the end of the financial year?

How successful are the claims you've talked about? And roughly how long do they take to come through.

Thanks for all the help. I appreciate what you say about high risk. I have both types of growth and value investment shares. As I wanted to try both areas of investment. Forunately, I made more than enough to cover my seemingly large loss.

What do you think of using the exchange rate to make money. For example buying Wal Mart shares now when the US exchange rate is high, and selling when the mid rates drop. This seems like such an easy way to make money, or am I still continuing in my novice footsteps!!

Thanks for all your help!