Isn't it listed in the London Gazette I posted? It was an address in Bloomsbury Street I think.If you look at the gazette it says 'capacity in which appointed - liquidator' Try calling the number listed.
EDIT
Yes, see attachment, try that number
Please see below received today from Comical Ali....also regarding insolvency office
[email protected] on 02076371110
13th February 2011
Dear All,
Spirit On Media Group plc (“SOM”)
Further to the update dated 31st January 2011, the current situation with regard to SOM has become confusing, which in turn has given rise to a number of questions.
The following are the facts:
The ‘New Investor’ signed a legally binding €70 million ‘Supplemental Heads of Agreement’ dated 18th November 2010.
The ‘New Investor’ attended a meeting in London on 8th December 2010 to re-assure the principal creditor (VCL Film + Medien AG; attended by his legal representative from Irwin Mitchell LLP) of proof of funding, with the intention that the VCL Film + Medien AG (“VCL”) would withdraw the winding up petition.
VCL under its own pressures and because of the continued delay in funding failed to adjourn the winding up petition on 11th January 2011 in time and SOM was duly wound up.
The announcement of this was advertised in the London Gazette on 31st January 2011 and also on the Company’s website.
Under the rules and regulations of the Frankfurt Stock Exchange the shares of the Company can continue to trade, although subject to a winding up order.
The volume of trading of SOM shares has been particularly high since January 11th and this has been due to restructuring rumours and speculative information on German trading forums and blogs.
Since the Company was wound up and placed in the hands of the Official Receiver, it has of course resulted in the fact that legally the Directors can no longer represent the Company in any capacity whatsoever.
The Official Receivers office has contacted the Company and the Company is currently providing the detailed information requested. A meeting of the Company Directors is being organized with the appointed independent liquidator.
In light of the above events and in order to clarify the situation it is particularly important to clarify the interests of investors who have over time invested in ALV AG, Raze TV and SOM.
You will be aware the funding of SOM has been made by contributions from investors including those investors converted from ALV-AG, Infomatec and RazeTV. Therefore, by definition these individuals are ‘Investors’ and the individuals who have bought shares through the open market are by definition ‘Shareholders’.
This is an extremely important point given the history and the current situation with regard to SOM. There has been a lot of disquiet from a number of investors over the non-delivery of shares. The investors that do have their shares were able to receive ‘Restricted Stock’ when the offer to transfer shares was made. This was in particular the Swiss and Italian shareholders, who also sold indiscriminately when the restriction expired, this was something the Company was trying to avoid with the restriction in place in order to give it time to raise the necessary funding to make the business viable and a going concern. This indiscriminate selling devastated the share price in the summer of 2010, resulting in a low single digit price and made the possibility of a private placement of Company stock to provide for the necessary investment and working capital almost impossible.
At the informal investors meeting held in the UK on 26th September 2010, this was explained clearly and was followed up in an email report to all investors at the time. Evidently there was little point in distributing shares until the Company had secured the necessary investment finance and working capital to establish the business (SOM) as a going concern. This would only serve to change the status of investors to shareholders and as such today, shareholders of a Company in bankruptcy.
Therefore, in our opinion investors are creditors and we continue to apply pressure on the New Investor to honour his commitment under the legally binding Agreement he signed on 18th November 2010. In that event and in conjunction with the liquidator a fully funded solution is found then all investors will be secured under any new arrangement.
Obviously, as mentioned above the protection and interests of both investors, and creditors of SOM is of primary importance and this has been discussed and agreed with our investor at the meeting, which was held on 28th January 2011.
Therefore, at the moment it is too early to say what solution will be found until a number of factors resolve themselves in the coming days and weeks, principally whether the New Investor finally performs under his obligation. In the event he does not perform and he continues to be in breach of the Agreement, then the liquidator will no doubt legally pursue the investor to honour the Agreement.
For our part we will continue to look for and source new investment funds to protect investors and whilst we accept the cynical investors of course will say this is more of same old story, the truth is this will be the only option available to provide for any possibility of a return on investment in the event that the New Investor does not honour the Agreement.
In conclusion, the Company has never had the necessary capital to make it a going concern and a viable business. The recent Global Financial Crisis of course has not helped and the failure of significant investment offers to perform over the past few years has also served to undermine the Company.
For all the adverse comments on email, Internet forums and the like, the Directors together with the assistance of other voluntary help have done their utmost to make SOM a success. At the end of the day events have taken over and unless the New Investor fulfills his obligations or litigation is successful only new funding in conjunction with the liquidator will provide for a solution and future for all concerned. Meanwhile we continue to pursue all avenues.
END
