Petition updateRegulators, urged to investigate the corrupt business practices of New World Resources.The Regional Court in Ostrava adjourn meeting of creditors until 24th August 2017.
John SmithAustralia
Jun 3, 2017
Hello minority shareholders of New World Resources, Latest important news, I think this is very important, that the latest court meeting to decide to sell OKD to the Czech state for 80 million Czech koruna (3+million euro dollars) has been adjourned for over 2 more month’s until 24 August 2017. I can offer you the best free advice on what to do next. 1. Czech citizens you must complain to Czech Ombudsman it's urgent. You must complain about the regulator CNB (Czech National Bank). Complain about OKD being 100% owned by NWR and the false bankruptcy that could have been averted if they sold the coal stockpile they owned for over 5 years. Also note that our ownership of shares are listed on the Prague stock exchange and our shares have been stolen from us minority shareholders. Ask my the regulator CNB has done nothing and is still unwilling to intervene against OKD and Mr Bakala. Ask the Ombudsman to intervene against the CNB and return OKD to us the rightful and legal owners. 2. Many people are from Poland in our Petition. So all Polsky people you must complain to the European ombudsman urgently. You must complain about the ESMA authority not intervening in OKD and NWR, And Mr Bakala. And the same as above, about the thievery of our shares and rights. Ask the same why has the authority has done nothing and is unwilling to intervene. Ask the ombudsman the same, me the minority shareholders have rights as human beings and we are the legal minority shareholders owners of OKD. 3. Any other citizen from the Euro Zone, please you must also complain to the European Ombudsman about the EMSA not intervening in OKD and against Mr Bakala. I am Australian citizen, but if my understanding of UK law. I can complain to the UK Financial Ombudsman about their regulator. Same complaint as point 1 and 2 4. Do not ever give up be strong and believe that one person can make a difference. But together we are stronger and we must fight for our rights. 5. Bakala must pay for his treachery and alleged crimes. And AHG Group and all the former directors of NWR. I am still confident that justice will be served. Please join me my fellow minority shareholders and lets make this happen. Best of luck Aussie Q4 2013 NWR conference call transcript. Page 6 OKD to keep mining coal of at least 2 million tonnes a year after 2023. Page 13 coking coal long term forecast 108 Euro a tonne and cash costs for OKD/NWR at 60 Euro a tonne. Page 17 quote from former CFO Director Marek Jelinek of NWR- JSW cash cost are 10-15% higher than than NWR. I speculate cash costs around 70-75 euro a tonne for JSW. https://www.docdroid.net/VLNZQAw/nwr-l-transcript-2014-02-13t10-00.pdf.html http://www.ceskatelevize.cz/ct24/regiony/2138433-krajsky-soud-v-ostrave-vyhovel-okd-odrocil-schuzi-veritelu-na-srpen -The Regional Court in Ostrava adjourned the meeting of creditors for OKD until the 24th August 2017, which was originally scheduled for June 15. http://www.miningweekly.com/article/polish-coal-miner-jsw-returns-to-profit-in-first-quarter-2017-05-25/rep_id:3650 25TH MAY 2017 Poland's JSW, the European Union's biggest coking coal producer, reported on Wednesday it made a net profit of 864.53-million zlotys ($231.3-million) in the first quarter, thanks to a surge in coal prices and cost cutting  https://www.ombudsman.europa.eu/start.faces  - Please note you can only complain if your a citizen of a Euro zone member. Please complain about ESMA http://www.ochrance.cz/en/complaints-about-authorities/how-to-lodge-a-complaint/ I regret to report that they are only recognising complaints from “Czech citizens”.
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