Still no sign of Avocet's 'million a day' web server

by EWAN LAMB

As executives of the Avocet 'disruptive technology' Group prepare for tomorrow's crucial meeting with wealthy investors aboard ship off Cyprus, there is growing dismay over the non-appearance of a promised 'intelligent web server', due to go live on August Bank Holiday and forecast to attract a million visits each day.

The 650 shareholders in Avocet Natural Capital PLC were told of the 'exciting' server proposals by company chairman Martin Frost in news letters he issued in July and August.

In a shareholder letter dated July 14th Mr Frost referred to “The ‘Avocet Server’ (‘AS’) owned by Loch Lomond Heritage Limited. He is the sole director of Loch Lomond Heritage with members of his family holding all of the shares in that business.

Mr Frost declared: "‘AS’ has a contract with Avocet N C Limited to provide unique web services. The net profit generated from these web services is to be jointly divided between the Avocet Foundation and Avocet NC Limited – with an estimated million visitors per day, this web server with assistance from Google and Amazon is due to go live at the end of August 2020.”

Then in a follow-up statement to current investors on August 6th the chairman wrote: "I was informed that Avocet’s new interactive intelligent web server will go live on Monday 31st August – I think all will be greatly impressed and a million regular world visitors interested in natural capital are expected. Also, to be found on the Avocet server there will separate shareholder and Avocet friend sections which will have a multitude of product offerings.” 

But August 31st came and went without any sign of the keenly anticipated server. 

Not Just Sheep & Rugby understands that since then a number of Avocet 'followers' have expressed disquiet over the failure to replace the Group's website which shut down suddenly earlier this year.

One disgruntled shareholder commented: "I don't suppose we should be all that surprised that the end of August deadline wasn't met. The company management has failed to deliver on its promises before and now we wait expectantly for the outcome of this week's discussions near Cyprus, and the follow-up next week in Vancouver".

The identity of the new investors seeking to take control of the Avocet NC Ltd subsidiary has not been shared with shareholders who have been waiting six years for Avocet to develop and market a single product, including a revolutionary fuel to replace petrol and diesel.

But Mr Frost gave an indication of the scale of the proposed operation in another of his letters last month.

He said: "The new investors plan to inject into Avocet NC Limited some £750 million of which £500 million will go into fuel and alternative energy (based mainly North America), £150 million into renewable green methanol (mainly Middle East), and £100 million into agriculture (mainly Africa). The new investors will have an option to convert their Avocet NC Limited investment into 30 million new ANC Plc shares by December 31st, 2023."

In a subsequent update he laid out a timetable for this month's pivotal meetings and developments. 

According to Mr Frost: "On Saturday 5th September, the Revised Articles of Avocet NC Limited shall be adopted. Week commencing Monday 7th September ownership control of Avocet NC Limited will pass to the proposed new investors in ANC Plc.

"On Thursday 10th September, Dr. ‘Bob’ Jennings and I meet our proposed investors aboard ship at sea outside Cyprus. On Wednesday 16th September Dr. ‘Bob’ Jennings and ‘Dr. Glyn Short’ will meet our proposed investors in Vancouver, Canada.

"On Friday 9th October, those Avocet Natural Capital Plc shareholders who choose to vote will hopefully have given ANC Plc’s directors a mandate to alter the Articles of Association to permit a Drag-Along Rights.

Stakeholders were assured that the purchasers' North American lawyers will individually write to ANC Plc shareholders offering to purchase so many shares from them at the price of £3 per one-pound share.  

"Upon acceptance the physical share mechanics will be overseen by Asset Match with the payment emanating from the US. The passage of money is expected to happen by cheque during the 21 days following the modification of ANC Plc’s Articles of Association. Note: ANC Plc shares are likely then to become tradeable on a platform such as Asset Match."