Grand plans revealed for "Son of Avocet"

 by DOUG COLLIE

Shareholders in the controversial Avocet 'disruptive technology' businesses who were 'blackballed' and disqualified from taking a stake in the successor company Gennfros Ltd have now received a circular setting out 'grandiose' plans for the future.

The newsletter sent by Avocet chairman Martin Frost outlines proposals for a Gennfros research and development facility and the creation of joint fuel and energy ventures with major world oil and gas suppliers. 

A significant number of Avocet Natural Capital (ANC) shareholders who have been vociferously critical of the company's failure to develop a single marketable product in six years have ben effectively banned by management from involvement in Gennfros.

Mr Frost and his fellow ANC executive director Dr Bob Jennings have stated they will play no part in the day to day running of Gennfros. However, a new Memorandum and Articles of Association for the company, published today, reaffirms their status as life presidents with an annual 'honorarium' of £24,000 each to be paid monthly.

Gennfros is apparently tasked with development of the so-called avocet fuel additive which various companies associated with Mr Frost and Dr Jennings have been involved with since 2014. But forecasts of vast global sales and attractive returns for investors have not been achieved.

Today's circular from Mr Frost bears the heading Avocet Natural Capital PLC and is titled 'Moving on'.

It contains another warning of legal action (injunctive proceedings) against the Orr family who are frequent targets for Mr Frost. And there is a somewhat sinister promise that certain named parties, including Mr W. Chisholm [owner of this internet blog] "shall be the focus of their own special comeuppance."

Here in full is what ANC shareholders have been told about Gennfros by Mr Frost:

"An informative circular on 10th January 2021 was sent out to Gennfros Limited shareholders and loan stockholders – as aspects might relate to ANC Plc shareholders, I repeat:

"Gennfros Limited and ANC Plc shall next week serve on Aileen Orr, Andrew Orr, and John Orr injunctive proceedings against their bizarre claims that Andrew & John Orr are the progenitors of Avocet’s & Gennfros’s intellectual property. Given the absurdity of the Orr’s claims; simultaneous contempt proceedings will run against the Orrs. It is thought unlikely that the Orrs can mount a credible argument thus full injunctions could be forthcoming by the end of January 2021 to allow Gennfros Limited’s new investors to take equity and Avocet IP Limited’s property to be sold.

"Dr. Bob Jennings and his team continue to establish new families of IP in energy and agriculture. From £8 million of funds provided by the new investors: measures are in hand to establish a Gennfros Limited research and development centre upon a site identified in Northern England. Land purchase negotiations are well in hand; additionally, a tentative agreement with Begbies [Begbies Traynor, liquidators of Omega Infinite] is reached for Gennfros to acquire Avocet / Omega plant & machinery currently housed at Sunwick (farm in Berwickshire) and in Ireland.

"Gennfros Limited’s new intellectual property shall be subject to an independent valuation in April 2021. Given the huge interest in the non-explosive methanol additive, it is hoped that such valuation shall exceed £200 million.

"Mr. ‘Archie’ Gardner is to work with a team commissioned by the new investors to create Gennfros joint fuel and energy ventures with major world oil and gas suppliers. Note: Gennfros’s new investors have introduced Gennfros to a major US oil company with whom Gennfros shortly expect to sign a joint venture ‘additive’ agreement.

"Hopefully, this January and certainly by March end, Gennfros shares shall become tradeable on Asset Match or similar platform.

".Note: if you are the holder of a Gennfros Limited share option you need only subscribe for 100 Gennfros Limited shares to become a recipient of the Gennfros Limited newsletter."

A 'blackballed' ANC shareholder told Not Just Sheep & Rugby: "These are truly grandiose ideas from the bosses at Son of Avocet. And for those of us associated with Avocet over the years they have a decidedly familiar ring. I note the unnamed investors who were going to transform ANC's fortunes are still around".