Spiriton Media Group

Originally Posted by pboyles

Mugs

There were some guys on www.iii.co.uk who were talking to oldoneleg about SOM a while back. They could be the same guys that are here, I don't know. Some of them seemed to be shareholders.

Originally Posted by mugsgame

BTW no news from SOM Customer Relations.

Originally Posted by mugsgame

Hi All

The reason for my questions was I wanted to know what the implications were of the appointment of the Liquidators, so thanks for the info.

I have been asked by a Patrick Finn of Irwin Mitchell to ask SOM investors to contact him re the appointment of the official Liquidators.

Thank you for your e-mail.

I should be grateful if the other "investors" could notify me in writing of their names, addresses and the amounts they are owed and that they are prepared to support the nomination of Chris Wood of Clough Corporate Solutions be appointed as liquidator of the Company. Or alternatively you could collate this information and let me have those details which would make things easier.

As soon as a liquidator is appointed than we can get moving on this as soon as possible.

Regards

Patrick

I have checked this with Michael Lazarus @ jarif.miah@insolvency.gsi.gov.uk office and this is a legitimate request, and it is up to the creditors of SOM to agree to who is appointed as the Liquidators.

So firstly as FLEECED&CO asked all Investors need to record their individual details with Jarif and then if you wish to support Irwin Mitchells request to appoint the Liquidators then please contact Patrick on Patrick.Finn@IrwinMitchell.com.

We need to do this and if anyone knows an investor how hasn't been keeping up to date with T2W please let them know too.

BTW no news from SOM Customer Relations UK or Directors in answer to my further questions??

Cheers

Mugs

Originally Posted by pboyles

I see the winding up order has now been published in the London Gazette. If any doubt remained its certainly gone now.


http://www.london-gazette.co.uk/issues/59685/pages/1612

Originally Posted by spiritonmedia

Spirit On Media Group plc ("SOM")

Official Statement

The comments on this forum are in our opinion are born out of frustration, limited working knowledge and the challenging financial climate post the global financial crisis.

The delay on the accounts and therefore the late registering with Companies House has been caused by limited resources and confusion over year-end dates post the acquisition of Caribbean Island Traders, which gave SOM plc status in order to qualify for broadcasting and wagering licenses. The Company accepts the oversight in this regard, and the accounts will be posted with Companies House on or before 13th August 2010.

The delay and frustrations around the delivery of shares is a consequence of allowing the Company to seek mezzanine funding to be able to implement its business plan by a private placement of Treasury stock. As SOM did not IPO, If all the stock were in the market and freely tradeable, then SOM would be vulnerable to a hostile takeover to the detriment of all shareholders.

The Company Website, The number of personnel mentioned therein, The equi8 Website, The Company announcements, The Company accountants - Mazars, The trail of open information, clearly shows that SOM is a going concern and not a scam as claimed by anonymous people in this forum.

The Company accepts that the time frame in delivering shareholders expectations has been far longer than originally anticipated, but this is largely a factor of the challenging economic climate and limited resources the Company is having to work with.

The negative comments expressed in this forum should be addressed to the Company and not aired in this forum, as it is counter-productive and will make the job of delivering on shareholders expectations that much more difficult. However, this may be the work of scammers looking to de-stablise shareholders for their own benefit.

Therefore, it is of vital importance if anyone has any genuine concerns, they should contact the Company and not discuss matters in this forum only to feed information for the scammers to work with indiscriminately.

For Investor Relations queries: Please contact Paul Miller (paul.miller@spiritonmedia.com)
For Accounts, Corporate finance and Share queries: Please contact David Hirst (david.hirst@spiritonmedia.com)
For Capital Investment and Mezzanine Finance queries: Please contact Paul Morton (paul.morton@spiritonmedia.com)
For Group queries: Please contact Udo Schaar (schaar@spiritonmedia.com)