There is yet to be anyone that has bought the CGON and has said here they are disappointed with it, or feel ripped off.

 

Not that there are many that have said they have used one other than Dealers / Installers, but there are a couple that say they are paying customers and Larry.

IMO the thread should stay to let those that use the product comment on it.

It's also intriguing that it's quite an old thread. I suspect it cropped up in an internet search and the 'register' button was clicked.

 

13 minutes ago, CWARD said:

 

 

 

Voting rights and right to vote are two different terms, which you clearly do not understand.  I've provided you with links but you still fail to understand so I'l stop banging my head against a brick wall with you.

 

I understand the difference...but you have to refer back to the article of association ….which I copied from as lodged by Cgon at Companies House..that's the legal document...nothing else matters as one companies class "A" or "B" shares can be totally different rights etc to another companies...

 

& thanks for banging your head against a brick wall....saves me doing it to you...

Edited 22 August, 20187 yr by fabdavrav

22 minutes ago, fabdavrav said:

 

I understand the difference...but you have to refer back to the article of association ….which I copied from as lodged by Cgon at Companies House..that's the legal document...nothing else matters as one companies class "A" or "B" shares can be totally different rights etc to another companies...

 

& thanks for banging your head against a brick wall....saves me doing it to you...

 

Unfortunately you don't understand the difference other wise we wouldn't be back and forth with this.

 

Quote

(b)         Voting

 

The B Shares shall not carry any entitlement to receive notice of, or to attend and vote at any general meeting of the Company or confer any right to exercise any other voting rights bestowed on members pursuant to the Companies Acts and these Articles (including to written resolutions and the circulation there of).

 

Voting rights are different to right to vote read this slowly so it sinks in 

 

Voting rights are set in law by the Companies Act 2006. I had provided the link for you before but it's below again. you just need to click on the link and read it. Hint, section 321 you may notice it refers to meetings and how they are declared.

 

https://uk.practicallaw.thomsonreuters.com/5-613-3685?transitionType=Default&contextData=(sc.Default)&firstPage=true&comp=pluk&bhcp=1

 

https://www.companylawclub.co.uk/what-voting-rights-do-shares-have

 

 

 

1 hour ago, CWARD said:

 

Unfortunately you don't understand the difference other wise we wouldn't be back and forth with this.

 

 

Voting rights are different to right to vote read this slowly so it sinks in 

 

Voting rights are set in law by the Companies Act 2006. I had provided the link for you before but it's below again. you just need to click on the link and read it. Hint, section 321 you may notice it refers to meetings and how they are declared.

 

https://uk.practicallaw.thomsonreuters.com/5-613-3685?transitionType=Default&contextData=(sc.Default)&firstPage=true&comp=pluk&bhcp=1

 

https://www.companylawclub.co.uk/what-voting-rights-do-shares-have

 

 

 

 

 

 

1 hour ago, CWARD said:

(b)         Voting

 

The B Shares shall not carry any entitlement to receive notice of, or to attend and vote at any general meeting of the Company or confer any right to exercise any other voting rights bestowed on members pursuant to the Companies Acts and these Articles (including to written resolutions and the circulation there of).

 

 

The original statements made by others (re Cgon shares) was that the class "B" shareholders have no voting rights... you have just made in bold the section from the Cgon "AofA" that  class "B" cannot vote at a general meeting.....& that they have NO right to exercise any other voting rights that other members have..(eg class "A" etc)..as per the Companies act & the "AofA"....

 

so you now agree with the original statement & me... 

You take stupidity to new heights. I guess you skipped the CA2006 link explaining voting rights of members (shareholders) in regards to meetings. 

 

Just summarise for others coming into this late or brought to this forum from Google. 

 

Simon Johnson is the majority shareholder and until recently was a director of Cgon, a company that makes some miracle claims about improving fuel economy but unable to back them up with independent testing. Simon Johnson is now sole shareholder and director who of Applied Emmisions Ltd who are going to provide independent testing as per the information provided by Gibx33. Did I mention that Simon Johnson is the majority shareholder in a company he is going to provide independent testing on their product. 

The product supposed to have had £millions invested in it but the accounts for Cgon do not show anything of the such through share issue or other creditors to the company and only show intangible assets of £62,327 before amortisation. Gibx33 tried to tell us the millions were kept off the accounts and Simon Johnson was doing this so he could steal the technology from Cgon even though they own the patents. He was doing this so he would have control, even though he already does as majority shareholder.

We were then informed he couldn’t have control to sell the company, which is insolvent to £108k because of the Ordinary B shareholders. Yet these Ordinary B Shareholders didn’t have voting rights according to Gibx33 even though the Cgon documents submitted to Companies House showed they do have voting rights on the SH01, which created the share classification and the annual Confirmation Statements since the shares were issued in 2015. Gibx33 then said these shares were for investing in another company and that’s why the investment doesn’t show in Cgon accounts. I think it makes sense to him and Fabdavrav who agrees with him and his dad was an accountant so he must right!

Meanwhile the directors of Cgon all resigned earlier this year despite the last accounts under the heading of Going Concern stating, the directors will continue to support the company for the foreseeable future and the accounts have therefore been prepared on an ongoing concern basis.  Foreseeable future was less than 4 months after signing the accounts. That mass exodus of directors is what triggered this threads resurrection. 

 

If if you want to invest in Cgon's device or the company itself please remember. 

 

• No independent testing of the product has been provided. 
• The majority shareholder resigned as a director and Gibx33 who likes to portray he has inside knowledge of Cgon thinks this is so he can steal the technology for his new company. 
• The last share issue of Ordinary B shares are worthless according to Gibx33 with his inside knowledge. To be far all the shares are worthless as the company is insolvent to £108k and probably much higher as the technology isn’t proven. 

If you’ve bothered to read all this you’ll be as bored with the subject as I am. If you buy into this product or company after reading all the above, you’re proof of a fool and their money are easily parted. 

 

My last comment on this thread but will still visit it for entertainment value. 

 

 

10 minutes ago, CWARD said:

You take stupidity to new heights. I guess you skipped the CA2006 link explaining voting rights of members (shareholders) in regards to meetings. 

 

Just summarise for others coming into this late or brought to this forum from Google. 

 

Simon Johnson is the majority shareholder and until recently was a director of Cgon, a company that makes some miracle claims about improving fuel economy but unable to back them up with independent testing. Simon Johnson is now sole shareholder and director who of Applied Emmisions Ltd who are going to provide independent testing as per the information provided by Gibx33. Did I mention that Simon Johnson is the majority shareholder in a company he is going to provide independent testing on their product. 

The product supposed to have had £millions invested in it but the accounts for Cgon do not show anything of the such through share issue or other creditors to the company and only show intangible assets of £62,327 before amortisation. Gibx33 tried to tell us the millions were kept off the accounts and Simon Johnson was doing this so he could steal the technology from Cgon even though they own the patents. He was doing this so he would have control, even though he already does as majority shareholder.

We were then informed he couldn’t have control to sell the company, which is insolvent to £108k because of the Ordinary B shareholders. Yet these Ordinary B Shareholders didn’t have voting rights according to Gibx33 even though the Cgon documents submitted to Companies House showed they do have voting rights on the SH01, which created the share classification and the annual Confirmation Statements since the shares were issued in 2015. Gibx33 then said these shares were for investing in another company and that’s why the investment doesn’t show in Cgon accounts. I think it makes sense to him and Fabdavrav who agrees with him and his dad was an accountant so he must right!

Meanwhile the directors of Cgon all resigned earlier this year despite the last accounts under the heading of Going Concern stating, the directors will continue to support the company for the foreseeable future and the accounts have therefore been prepared on an ongoing concern basis.  Foreseeable future was less than 4 months after signing the accounts. That mass exodus of directors is what triggered this threads resurrection. 

 

If if you want to invest in Cgon's device or the company itself please remember. 

 

• No independent testing of the product has been provided. 
• The majority shareholder resigned as a director and Gibx33 who likes to portray he has inside knowledge of Cgon thinks this is so he can steal the technology for his new company. 
• The last share issue of Ordinary B shares are worthless according to Gibx33 with his inside knowledge. To be far all the shares are worthless as the company is insolvent to £108k and probably much higher as the technology isn’t proven. 

If you’ve bothered to read all this you’ll be as bored with the subject as I am. If you buy into this product or company after reading all the above, you’re proof of a fool and their money are easily parted. 

 

My last comment on this thread but will still visit it for entertainment value. 

 

 

So wrong on many fronts.. dont worry it will all become clear in due course...

12 minutes ago, Gibx33 said:

So wrong on many fronts.. dont worry it will all become clear in due course...

So, how much are you into this for then?

 

28 minutes ago, CWARD said:

You take stupidity to new heights. I guess you skipped the CA2006 link explaining voting rights of members (shareholders) in regards to meetings. 

 

J Yet these Ordinary B Shareholders didn’t have voting rights according to Gibx33 even though the Cgon documents submitted to Companies House showed they do have voting rights on the SH01, which created the share classification and the annual Confirmation Statements since the shares were issued in 2015. Gibx33 then said these shares were for investing in another company and that’s why the investment doesn’t show in Cgon accounts. I think it makes sense to him and Fabdavrav who agrees with him and his dad was an accountant so he must right!

 

 

 

 

You still can't understand the basics of the SH01 & the "AoA" state......the SH01 just states a basic "fits all" classification that acknowledges that all class "A" shares have the same rights...& that all class "B" shares have the same rights...

 

"catch all" statements were used on SH01 form as you can give voting rights to class "B" shares...but those details are always listed in the AoA"...which in Cgons "AoA" clearly states that Class "B" are not allowed to vote at general meetings...

 

& most importantly that class "B" shareholders do not have the same voting rights (none in fact) as other members ...in any other situation...….

 

Share certs ALWAYS state on the rear effectively "for full terms & conditions & rights see the "AoA".....

 

 

& you call yourself an accountant?...what academic quals..what professional quals??….are you chartered..& by that I mean chartered & not "certified chartered"...

 

& PS my late father was Chartered..& lectured/taught on the subject at what is now a London Uni....& my mother was an in house company accountant for many firms in the city....I almost did it as a job, but chose a different route...but having been a company director & held shares in other companies I know my way around certain accountancy, taxation, shareholding etc …

 

but none of that is relevant..(although CWARD thinks that because he is an accountant that makes 100% everything that he says on this subject right)….I've heard to many "I'm a professional"...& proven them wrong...

 

All that is relevant is the written info on the docs...which clearly state certain things...just you don't understand...…

Edited 22 August, 20187 yr by fabdavrav

Watching for Elon Musk announcing on twitter that he bought CGON and is going to be the sole owner and distributor.

1 minute ago, Offski said:

Watching for Elon Musk announcing on twitter that he bought CGON and is going to be the sole owner and distributor.

 

no......Ambiol….

@fabdavrav, Way back on page 2 you made reference to some fabulous results that Eddie Stobart were getting from this device. You didn't mention the source of this info, I don't think?

I emailed them to ask about their experiences but sadly got no response. Where did you find this info, please?

@Wino

 

I do remember one of the advertorial pieces mentioning Stobarts carrying out trials (2yrs ago?)

But cant find anything relating to its results now.

Likewise, i cant find anything on the collaboration and trialling with Morgan Motor Company, other than a short thread about the device and people wondering about the trial on a morgan owners forum..

 

 

And btw, fk me this exploded today!

27 minutes ago, Wino said:

@fabdavrav, Way back on page 2 you made reference to some fabulous results that Eddie Stobart were getting from this device. You didn't mention the source of this info, I don't think?

I emailed them to ask about their experiences but sadly got no response. Where did you find this info, please?

Now that's a story in its self...

Thanks mac11irl. One might imagine that if Stobarts were saving money by using it, it would have been a big success story by now?

Just now, Gibx33 said:

Now that's a story in its self...

So tell it, please.

11 minutes ago, mac11irl said:

@Wino

 

I do remember one of the advertorial pieces mentioning Stobarts carrying out trials (2yrs ago?)

But cant find anything relating to its results now.

Likewise, i cant find anything on the collaboration and trialling with Morgan Motor Company, other than a short thread about the device and people wondering about the trial on a morgan owners forum..

 

 

Uumm another good one..

Just now, Gibx33 said:

Uumm another good one..

??

 

9 minutes ago, mac11irl said:

And btw, fk me this exploded today!

You have seen nothing yet..

Edited 22 August, 20187 yr by Gibx33

3 minutes ago, Wino said:

So tell it, please.

Sorry i can't at the moment something legal going through. Shouldn't be to long now maybe a months time..

Disappointing, but not surprising.

Waiting seems like the main thing involved in seeing proof of this product's usefulness.

 

Just now, Wino said:

Disappointing, but not surprising.

Waiting seems like the main thing involved in seeing proof of this product's usefulness.

 

That's the point so much **** has gone on and still is going on...because it works..sad really

Page 11 of this thread for the Eddie Stobart mention.

@Gibx33, I'm almost inconsolable..

Edited 22 August, 20187 yr by Wino