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News
29.07.2011
ALF Group Holdings AG - 2010 Audited Australian financial results, ALF Auditor, ALF to commence legal action for libel & bonus share update
ALF Group Holdings AG - 2010 Audited Australian financial results, ALF Auditor, ALF to commence legal action for libel & bonus share update
Sydney 28th July 2011 - ALF directors are aware of a growing number of people who have been making incorrect statements regarding ALF in a number of blogs. This has added substantially to the genuine concerns of investors and has put substantial pressure on the company Share Price.
Furthermore, this has substantially increased requests for information from shareholders who have stated that they had read what is clearly incorrect information by uninformed trouble makers. ALF now produce our Australian Daughter company’s results, confirm ALF’s new auditor, (subject to shareholder approval), and confirm bonus share distribution. The negative, false, and misleading, deceptive, defamatory, and libelous statements have caused the share price to fall. ALF have now requested our Frankfurt based lawyers to write to the blog moderators and demand details of all users who have written incorrect statements. These people will be given the opportunity to make a public retraction and an unreserved apology. Failing their complete co-operation we have instructed our lawyer to commence legal proceedings against these people. We are not inviting a discussion with people who have made wrong statements; these people can save that defense for the judge.
Should any investor wish to evade this action they should immediately retract all blog statements and not publish harmful statements against the company.
Bonus shares too seem to be a real issue for shareholders. We now confirm that all shareholders who have complied with obligations for the early release, which was March 31, have either now received their bonus shares or their bonus shares are being transferred. We encourage shareholders to advise their bank to accept the incoming share transfers. Those who have requested the bonus shares as at the 30th of June are being written to today to supply Swift codes and any other outstanding requests. We wish to finalise the 30th of June request by the end of next week. It has been extremely unhelpful to receive multiple requests from shareholders to all known ALF email accounts; this causes substantial delays; also we have received over 300 requests for bonus shares from shareholders who did not own shares as of the date of the reverse split. The sheer waste of time spent dealing with these requests is unhelpful. Your Board wants to see all shareholders who supported ALF get what was promised. This is happening and we wish to complete all transfer requests by 14 August 2011.
Appointment of Swiss Auditor: the directors have engaged BCW Consulting Gmbh . BCW are a small but competent firm of accountants and auditors. The Swiss Public company is a holdings company and its accounts are very simple once the daughter company accounts are consolidated by the IFRS compliant Australian Auditors and presented for the Swiss auditor to consolidate with the Swiss company accounts. These Swiss company accounts are limited to normal running costs, legal, cost of holding EGM’s and AGM’s, accounting and auditing expenses and any director’s fees. The appointment of the auditor is done by the board of directors and ratified at the company AGM. This would likely be the second resolution. Upon ratifying the Swiss auditor’s appointment the next resolution is to accept the Swiss accounts which will have been tendered 20 days before the AGM.
We are advised that the Swiss Auditor believes it will be approximately 7 working days to consolidate the Australian audited accounts and the Swiss accounts.
Australian Audited accounts
The Australian Consolidated IFRS standard Audited accounts will be uploaded onto the company web site with resent releases within 24 hours.
The accounts summary reflects a net profit for the period 1 January 2010 to 31 December 2010 of $7,986,616.00.
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Sydney 28th July 2011 - ALF directors are aware of a growing number of people who have been making incorrect statements regarding ALF in a number of blogs. This has added substantially to the genuine concerns of investors and has put substantial pressure on the company Share Price.
Furthermore, this has substantially increased requests for information from shareholders who have stated that they had read what is clearly incorrect information by uninformed trouble makers. ALF now produce our Australian Daughter company’s results, confirm ALF’s new auditor, (subject to shareholder approval), and confirm bonus share distribution. The negative, false, and misleading, deceptive, defamatory, and libelous statements have caused the share price to fall. ALF have now requested our Frankfurt based lawyers to write to the blog moderators and demand details of all users who have written incorrect statements. These people will be given the opportunity to make a public retraction and an unreserved apology. Failing their complete co-operation we have instructed our lawyer to commence legal proceedings against these people. We are not inviting a discussion with people who have made wrong statements; these people can save that defense for the judge.
Should any investor wish to evade this action they should immediately retract all blog statements and not publish harmful statements against the company.
Bonus shares too seem to be a real issue for shareholders. We now confirm that all shareholders who have complied with obligations for the early release, which was March 31, have either now received their bonus shares or their bonus shares are being transferred. We encourage shareholders to advise their bank to accept the incoming share transfers. Those who have requested the bonus shares as at the 30th of June are being written to today to supply Swift codes and any other outstanding requests. We wish to finalise the 30th of June request by the end of next week. It has been extremely unhelpful to receive multiple requests from shareholders to all known ALF email accounts; this causes substantial delays; also we have received over 300 requests for bonus shares from shareholders who did not own shares as of the date of the reverse split. The sheer waste of time spent dealing with these requests is unhelpful. Your Board wants to see all shareholders who supported ALF get what was promised. This is happening and we wish to complete all transfer requests by 14 August 2011.
Appointment of Swiss Auditor: the directors have engaged BCW Consulting Gmbh . BCW are a small but competent firm of accountants and auditors. The Swiss Public company is a holdings company and its accounts are very simple once the daughter company accounts are consolidated by the IFRS compliant Australian Auditors and presented for the Swiss auditor to consolidate with the Swiss company accounts. These Swiss company accounts are limited to normal running costs, legal, cost of holding EGM’s and AGM’s, accounting and auditing expenses and any director’s fees. The appointment of the auditor is done by the board of directors and ratified at the company AGM. This would likely be the second resolution. Upon ratifying the Swiss auditor’s appointment the next resolution is to accept the Swiss accounts which will have been tendered 20 days before the AGM.
We are advised that the Swiss Auditor believes it will be approximately 7 working days to consolidate the Australian audited accounts and the Swiss accounts.
Australian Audited accounts
The Australian Consolidated IFRS standard Audited accounts will be uploaded onto the company web site with resent releases within 24 hours.
The accounts summary reflects a net profit for the period 1 January 2010 to 31 December 2010 of $7,986,616.00.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0121325671">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0121325671</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.