£250 million Avocet business "destroyed by evil doing"

by EWAN LAMB

The unnamed head - known only as *XXXXXXXX - of the anonymous investors who are to plough tens of millions of pounds into the controversial Avocet Group is insisting that lawyer Kit Jarvis oversees litigation aimed at recovering huge losses suffered as a result of "evil doing" by a long list of individuals and organisations.

Avocet chairman Martin Frost has released the text of an email sent by him to Mr Jarvis, of the law firm FieldFisher, in which details of the proposed law suits are given to the hundreds of investors in the so-called avocet wonder fuel. FieldFisher are said to be owed £400,000 for work undertaken for Avocet Infinite PLC which is now being liquidated as Omega Infinite.

It certainly looks as though Mr Jarvis will be extremely busy over the coming months given the number of parties named by Mr Frost as having been responsible for the financial damage inflicted on Avocet Infinite.

Here is what Mr Frost told Mr Jarvis in his email dated May 13th 2021:

"Following on from yesterday’s conversation: *XXXXXXXXXXX, the principal of Gennfros Limited’s new investors wishes:

"a) To purchase Fieldfisher’s Omega debt upon the terms we have discussed and conditional that you, Kit Jarvis, oversee the litigation & recovery as outlined below.

"b) Once (a) is contractually agreed he will then purchase at par all bona fide creditors in Omega, Orrdone, and Bio Solutions.

"c) Simultaneous to a & b above he will then offer to purchase from Omega Infinite Plc shareholders their Omega one-pound shares (for which he will pay one penny per share along with the right that an additional payment of 50% of the monies recovered will be distributed equally amongst those shareholders.)

"d) Simultaneous to a & b above he will then offer to purchase from the Avocet Clearing House Limited the equity of Orrdone Farms Limited."

Mr Jarvis is then informed that *XXXXXXXX will give the lawyer freedom to litigate and negotiate – but in essence his reasoning is that the Avocet Infinite Plc group at the end of & December 2018 had a net worth of some £250 million, This net worth was destroyed on account of evil doing. 

Those listed by Mr Frost as potential targets for Mr Jarvis are:

Aileen Orr & family; Neal Thompson; Sandy Jeffrey; David Liddle; Police Scotland; Scotland’s Crown office officials; Various insolvency practitioners; Various accountancy & legal practitioners; Various politicians; Denizens of the purported Avocet Shareholders Forum.

Mr Frost concludes: "In essence, *XXXXXXXX wishes you to recover by both civil & criminal means monies from the above. In addition to your normal fees & expenses he will give Fieldfisher 25% of the net sums recovered."

The shareholders in Avocet and Gennfros, a recent addition to the network, are also informed in the newsletter: "On Tuesday 11th May, I met with Dr. ‘Bob’ Jennings (a fellow director of Avocet) to tidy up the completion of the intellectual property sale. The paperwork is now finished so Avocet IP Limited firmly expects that the escrow money will pass into its sole hands, on Wednesday June 2nd, 2021. Gennfros Limited’s new investors continue to purchase ANC PLC; Bio-Solutions; and Gennfros Limited shares & options".

*Explanatory note: the number of Xs substituting for the identity of the investors' principal varies at different points in the text of the shareholder letter.