Shares Magazine update on SmartLogik
December 3rd, 2007
Shares Magazine recently published an update. See:
http://www.sharesdigital.com/node/1965
Smartlogik appeal goes online
Published date:
Thursday, November 1, 2007
Private investors of failed software company SmartLogik can now chat
freely on a new bulletin board. The board has just been set up by the
SmartLogik Action Group and hopes to bring together thousands of
private investors burnt by the company’s collapse.
In 2002, the FSA granted the directors of main-board quoted SmartLogik
a waiver to sell the company’s assets – which included intellectual
property rights for an information retrieval programme – to Applied
Psychology Research without first getting approval at an EGM.
However, the City watchdog has refused a request from the SmartLogik
Action Group to see submissions from SmartLogik and minutes of
meetings about the waiver. The group believes the minutes will include
a valuation showing the £1.8 million that Applied paid for the assets
was too low and gives them the basis to launch a compensation claim.
To join the bulletin board go to: http://slk-action-group.com/members/
Other stories from : Investor’s Champion
Entry Filed under: Accountability, Accounting, Auditors, Business malpractice, Class Actions, Compliance, Conflicts of interest, Consumer Rights, Corporate Governance, Creditors, Democracy, Double Standards, Finance, Fraud, Government, Intellectual Property, Law, Litigation, Negligence, Pensions and savings, Regulators, Responsibility, Security, Share dealing, Shareholder Rights, SmartLogik Action Group, Stockbroking
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