All will be revealed...next Monday!

by LESTER CROSS

The identity of the "mystery" investors who are to plough tens of millions of pounds into Avocet Natural Capital PLC, and will bankroll a host of legal actions against parties said to have cost the business up to £250 million, is to be disclosed next week, shareholders have been told.

Martin Frost, Avocet's chairman who is also a life president of Gennfros Ltd., first told investors of a forthcoming massive cash injection for the seven-year 'revolutionary' fuel project last August. 

But the decision by management to keep the name[s] of the wealthy investors a closely guarded secret has prompted some shareholders to cast doubt on the proposals. Mr Frost claims that as well as providing the millions needed to buy into Avocet's patents, the mystery men will also take steps to wipe out his Group's substantial debts. 

This will be done by prosecuting individuals and pursuing the likes of Police Scotland and Scotland's Crown Office to make good the financial losses they are responsible for, in the chairman's view.

In a shareholder letter sent out to hundreds of investors Mr Frost outlines how the 'unveiling' will take place from the United States of America, and from Brussels two days later.

According to Mr Frost: "From Saturday 22nd May, Gennfros’s new investors will publicly offer a purchase contract to all Gennfros shareholders & option holders.

"From Saturday 22nd May, Gennfros’s new investors will issue a succinct Information Memorandum.   Late on Monday 24th May from the US, Gennfros new investor shall publicise their interest & investment in Gennfros Limited & ANC Plc

"Late on Wednesday 26th May from Brussels, Gennfros new investor shall publicise their interest & investment in an EU development of Avocet Bio Solutions."

Avocet Bio Solutions is an Irish-based subsidiary of Avocet with a registered office address in Cork although that company has been inactive in recent months following an announcement it would be involved in a major development at Lisheen Mine, Tipperary.

The latest shareholder letter titled 'Fine Tuning' contains a number of other announcements.

It states: "On Tuesday, 18th May, in Scarborough, with some larger shareholders, I had three separate physical shareholder meetings with 11 Gennfros shareholders followed by a Teams call, and then a Zoom call with a further eight. These discussions prompted:

"The Gennfros Confirmation Statement shall be delayed for a few days to allow more Gennfros people to convert their entitlements to paid-up Gennfros shares so that they can participate in the proposed Gennfros dividend.

"This wish was led by Dr. ‘Bob’ Jennings (a fellow director of Mr Frost's) and agreed to by Gennfros’s new investor. Note: dividend on both ANC Plc & Gennfros shares shall affix on such shares as of June 3rd. 2021. As with Gennfros, a new ANC Plc Confirmation Statement shall be shortly published."

Clarification matters:

"a. Gennfros’s new investor has purchased the share capital of Orrdone Farms Limited to enable Gennfros’s new investor to have the appropriate legal locus to bring civil and criminal action against connected parties.

"b. Gennfros’s new investor is purchasing Omega Infinite Plc shares to enable Gennfros’s new investor to have the appropriate legal locus to bring civil and criminal action against connected parties. Note: from Saturday 22ndMay, Omega shareholders can approach Mrs. Eirlys Lloyd to obtain a draft purchase contract in which an Omega share is purchased for one penny and the seller then also becomes entitled to participate pari passu in any litigation dividend".

Earlier this week a number of members of the Avocet Independent Forum launched a competition for shareholders in a bid to end the secrecy over those apparently rich investors.

A forum post declared: "We have been contacted by a shareholder who is willing to transfer YOU one thousand fully paid-up shares, if you can meet the terms outlined below."

The conditions included: "The prize will be awarded to the first person to provide the Forum Administrators with 1) a copy of a bona fides offer from the "mystery investors" for their shares in either Omega Infinite, ANC, or Bio Solutions and/or; 2) a copy of a bona fides offer from the "mystery investors" for their shares in either Omega Infinite, ANC, or Bio Solutions along with proof of purchase and payment."