by DOUG COLLIE
The veil of secrecy surrounding the unnamed plutocrats who plan to invest tens of millions of pounds in the Avocet Group and Gennfros PLC has been lifted a tiny fraction after shareholders were told the money men have 'largely made their money from the internet'.
But the identity of the individuals behind what amounts to a financial rescue act for Avocet Natural Capital, the business fronting 'disruptive technology' concepts in fuel development will not be revealed until Monday.
Avocet chairman and Gennfros life president Martin Frost has briefed shareholders yet again, prior to announcements scheduled to be made from the USA on May 24th and in Brussels two days later.
In today's news letter to those waiting for a return on their cash Mr Frost writes: "Gennfros new investors are private wealthy entrepreneurs who have largely made their money via the internet – their investments into Gennfros and Avocet related companies shall percolate through Swiss based companies."
He also discloses: " Yesterday & this morning I had lengthy conversations with Stuart Lucas of Asset Match [a share trading platform], and Kit Jarvis of Fieldfisher [law firm]. Both gentlemen emphasised that improved clarification of what is planned for your companies should be given".
Mr Frost goes on to claim: "In addition to bringing substantial sums of cash & expertise to Gennfros & Avocet Bio Solutions: our new investors lead the world with their business concepts – hence whether their input is in improving & funding up new Asset Match trading platforms to benefit our share transmissions or arranging that Bio Solutions ‘healthy beef’ is promoted & sold extensively via the internet or that you download to your car, safety & economy features - we can all thankfully look forward to an exciting future."
He then explains the level of involvement the 'mystery' investors will take in two companies involved in the fuel project.
"On Omega Infinite Plc [currently in compulsory liquidation] – there will be two main documents – a share offer, plus an explanation/information memorandum. Note: our new investors will purchase Omega Infinite Plc ordinary shares and purchase Omega debt. Omega creditors are offered a debt purchase whereby for a negotiated sum they sell & assign their debt.
"Note – (a) our new investors intend to convene a general remote shareholders’ meeting for all current & past shareholders to provide regular litigation updates. Broadly our new investors are advised that some £12 million may be recoverable from the evil doers – but it was noted that even if the cupboard turns to be bare then redress may still be criminally obtained. And (b) the new investors intend to negotiate with Begbies (Omega’s liquidator) to put back Omega on the active company register.
"On Gennfros Limited – there are two documents being made available for late Saturday – a Gennfros share purchase offer plus a succinct information memorandum."
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