Partly Paids extinguished

In 2007/08 Landau and his fellow directors, Povey and Jonah requested the issue of partly paid shares be voted on in an AGM. The vote got up and they were issued a large number of 30c partly paid shares. The Partly Paids have been carried in the accounts ever since, but last Annual Report were missing.

Somewhere along the line Mike Povey settled his debt, but Landau hasn't as far as I know.

The issue of the shares was voted and carried at an AGM by share holders. They cannot be extinguished without share holder approval. This is wrong and flies in the face of corporate law. Perhaps the UK shareholders with their representation and share base can raise this subject with the company?

We should not let Landau off the hook so easily.