Astute Capital

Northernsole

Interesting point on promotion. Their adverts featured 7% ISAs in the Sunday Times during March 2019, which gave Astute the undeserved air of respectability. Not an area where you'd expect unscrupulous businesses to operate. I am considering taking legal action if for nothing else, but to demonstrate that Astute never planned to repay investors and indeed had a track record for these tactics. Thanks again for your comments. 

Callita66

Has anybody received voting instructions, and what are the changes really? I agree, it was promoted by fin advisors, like Amima, however a year later they sent an email saying that they will withdraw their suppot of Astute. Though it looked legit as transactions were made via various security companies, like Reyker Securities, James Brearly and Nothern Provident. Though Nothern Provident is not on the scene any more the Financial Authority are not accepting any claims against it yet. I just receivd some communication, on how to proxy vote, though I am struggling to understand what is the voting for? Is there anybody concerned who knows what is it all about?

masonic

Callita66 said:

Has anybody received voting instructions, and what are the changes really? I agree, it was promoted by fin advisors, like Amima, however a year later they sent an email saying that they will withdraw their suppot of Astute. Though it looked legit as transactions were made via various security companies, like Reyker Securities, James Brearly and Nothern Provident. Though Nothern Provident is not on the scene any more the Financial Authority are not accepting any claims against it yet. I just receivd some communication, on how to proxy vote, though I am struggling to understand what is the voting for? Is there anybody concerned who knows what is it all about?

Northern Provident has been in liquidation for about 6 months and the liquidators have essentially finished winding it up. Even HMRC isn't getting the VAT is was owed, so don't expect to be able to make any claims against it in the future.

I don't know what resolution Astute Capital might be putting to its shareholders. I'm presuming you were a bondholder who was subject to the debt for equity swap, so you are now a shareholder with voting rights. Giving someone at Astute your proxy vote doesn't seem like a very good idea.

Malthusian

Callita66 said:

Has anybody received voting instructions, and what are the changes really? I agree, it was promoted by fin advisors, like Amima, however a year later they sent an email saying that they will withdraw their suppot of Astute. 

Amyma wasn't a financial advisor.
They did have FCA registration via being an appointed representative of Equity for Growth (Securities), but I am near-certain they never had authorisation to give financial advice. Not that it stopped them, of course. But the pretense was that they were only "introducing". 

Though it looked legit as transactions were made via various security companies, like Reyker Securities, James Brearly and Nothern Provident. Though Nothern Provident is not on the scene any more the Financial Authority are not accepting any claims against it yet. I just receivd some communication, on how to proxy vote, though I am struggling to understand what is the voting for? Is there anybody concerned who knows what is it all about?

I haven't seen the letter or what you are being asked to vote for, but the best course of action is almost certainly to throw the letter in the bin, continue to treat Astute as worthless and view any recoveries as an unexpected windfall. 

Callita66

That was exactly how it had happened, nobody of "investors" even had any proxies, as there were only 7 votes, all for the Astute proposals. Yes, I do have these so called "shares" of to total value of 2504 pounds stirling, lol, taking into account the amount of shares and current value of £0.0002  per share or so.... there is no one in a company to talk to, so called "advisers" and customer reps all disappeared apart from one and he is not replying too. I am not sure I can eventually get anything from them at all and looks like there is no any help either from any authority at the moment.

Superma

Callita66 said:

Has anybody received voting instructions, and what are the changes really? I agree, it was promoted by fin advisors, like Amima, however a year later they sent an email saying that they will withdraw their suppot of Astute. Though it looked legit as transactions were made via various security companies, like Reyker Securities, James Brearly and Nothern Provident. Though Nothern Provident is not on the scene any more the Financial Authority are not accepting any claims against it yet. I just receivd some communication, on how to proxy vote, though I am struggling to understand what is the voting for? Is there anybody concerned who knows what is it all about?

My late father has money invested in them that i am trying to retrieve (not optimistic). They have not been accepted onto the stock exchange. They are not affiliated to a regulated body and therefore frustratingly there is no official body to complain to. I do not know how this company can continue trading and not be struck off. Anyone considering legal action?

paphos1994

Have now received information on Astute from Guilford Capital. Has anyone else received this

jimjames

paphos1994 said:

Have now received information on Astute from Guilford Capital. Has anyone else received this

What information have you received? Probably best to post here so feedback can be given. It's possible that it might be a scam offering to recover your money for a fee.

paphos1994

Guilford say they are asset managers for the transposition of portfolio held by Astute??

masonic

What does the official liquidator say about that?