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Telnic pulls a cunning move !

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Re: Telnic pulls a cunning move !

Post by Expert on Tue 03 Mar 2015, 11:02 am

maxi wrote:When they will be forced to move office to a cheaper location from city's center, ...

This probably won't happen, because the office rent is only a very small part of Telnic's expenses.
In addition Telnic needs very little office space after most employees resigned.
Even the last employee doesn't visit the office anymore and works from home instead: http://huw.tel/
Huw Stead wrote:Currently working in South Wales
The strongest signal, that the end is near, is Mike's initial post:
http://www.teltalk.org/t1733-telnic-pulls-a-cunning-move
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Re: Telnic pulls a cunning move !

Post by Telnot on Fri 06 Mar 2015, 11:09 am

People who execute (Offensive comment removed) should go to jail:

(Offensive picture removed)


Last edited by TelTalk on Fri 06 Mar 2015, 3:53 pm; edited 2 times in total (Reason for editing : Offensive comments removed)
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Re: Telnic pulls a cunning move !

Post by TelBlogger on Fri 06 Mar 2015, 2:39 pm

Very funny! But in my experience these kind of entrepreneurs are very litigious so I would be careful about making any statements about fraud and such unless you have your facts correct and provable and say a few hundred thousand pounds set aside for legal fees.

Poking fun is one thing but accusations of criminal behaviour are a whole different ball game and you should be very careful.
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Re: Telnic pulls a cunning move !

Post by ixida on Sat 07 Mar 2015, 3:35 pm

I'm not a legal expert, but I would like to know if Telnic's action is still legal.
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Re: Telnic pulls a cunning move !

Post by Sunrise on Sat 07 Mar 2015, 5:18 pm

I think this is pretty obvious:
http://www.teltalk.org/t1733p72-telnic-pulls-a-cunning-move#11329

And another thing is clear:
THIS is the most active topic on Teltalk (with 129 replies until today).
Sad that Telnic isn't able to produce positive news!
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Re: Telnic pulls a cunning move !

Post by Expert on Tue 17 Mar 2015, 5:35 am

maxi wrote:When they will be forced to move office to a cheaper location from city's center, then will  they be obliged to change the address in public data of their LTD at once?

If this will happen, then could it be a mark for us that the end is near?

Maxi, you've been right:
http://www.teltalk.org/t4333-change-of-telnic-s-registered-office-address
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Re: Telnic pulls a cunning move !

Post by mikeseaton on Tue 17 Mar 2015, 9:07 am

I've just logged-in and am reading the latest posts about the Telnic situation.

I have today checked the official Companies House web site which states:

Name & Registered Office:
TELNIC LIMITED
CALDER & CO 
16 CHARLES II STREET 
LONDON 
UNITED KINGDOM 
SW1Y 4NW 
Company No. 03555437


Accounting Reference Date: 29/12
Last Accounts Made Up To30/06/2012  (SMALL)
Next Accounts Due: 18/03/2015

It appears that Telnic have not used the legal loophole to extend their accounts due date for a 4th time (the 1st time was of course quite normal - the 2nd & 3rd were most definitely not)  unless there's been a late updating of the CH web site.

So tomorrow (18 March 2015) the 2013 accounts should be in Companies House possession.

My guess is that they will not be - remember Telnic's auditors resigned some months ago - no way of knowing why or if they were replaced ?

It's possible that Calder & Co. could be Administrators (who would be allowed by Companies House to extend the accounts due date yet again) or there may be some other explanation ?

It's been obvious this day has been coming for a long time - now it's time for forum members to find out as much as possible about what is going on and encourage ICANN to get involved to sort out a successor to take over the .tel project - if one can be found !

When a credible successor to Telnic is found we all need to give them the maximum support possible !

THE .TEL IDEA IS STILL VERY GOOD - THE IMPLEMENTATION BY TELNIC HAS BEEN A DISASTER !

http://MikeSeaton.tel

PS. When talking about Telnic Ltd. their 100% owned subsidiary company Telnames Ltd. is also implied.

PPS. See http://www.teltalk.org/t4334-a-london-accounting-firm-continues-the-business-of-telnic#14633 for further info.


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Re: Telnic pulls a cunning move !

Post by maxi on Tue 17 Mar 2015, 10:01 am

mikeseaton wrote:When a credible successor to Telnic is found
What if Mr.Kash will buy Telnic for 1$ to own it for him alone?  ; )
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Re: Telnic pulls a cunning move !

Post by Expert on Tue 17 Mar 2015, 10:24 am

maxi wrote:What if Mr.Kash will buy Telnic for 1$ to own it for him alone?  ; )

Then .tel is lost forever.
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Re: Telnic pulls a cunning move !

Post by josh. on Tue 17 Mar 2015, 3:26 pm

Maybe Telnic is already longer in administration (conducted by Calder & Co.):
http://www.teltalk.org/t4334-a-london-accounting-firm-continues-the-business-of-telnic#14633

This could be the reason why Telnic was allowed to change the accounting reference date several times:
http://www.teltalk.org/t1702p16-countdown-to-zero#10981

It could be that Calder & Co. (as administrator for Telnic) decided to close Telnic's office recently.
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Re: Telnic pulls a cunning move !

Post by mikeseaton on Tue 17 Mar 2015, 3:30 pm

josh. wrote:It could be that Calder & Co. (as administrator for Telnic) decided to close Telnic's office recently.

Is Telnic's "37 Percy Street" office actually closed ?

Remember a "Registered Office" (as officially recorded at Companies House) is not always a trading address - it's where legal documents have to be served.

The management .tels at http://Kash.tel & http://IanBM.tel & http://Huw.tel are saying their Percy Street office is still open !

http://MikeSeaton.tel

PS. Love the optimism on http://IanBM.tel of Telnames Global HQ !


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Re: Telnic pulls a cunning move !

Post by Toptel on Wed 18 Mar 2015, 3:50 am

mikeseaton wrote:Is Telnic's "37 Percy Street" office actually closed ?

Yes, if we believe Telnic:
http://www.teltalk.org/t4333-change-of-telnic-s-registered-office-address#14627
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Re: Telnic pulls a cunning move !

Post by mikeseaton on Wed 18 Mar 2015, 2:54 pm


mikeseaton wrote:The management .tels at http://Kash.tel & http://IanBM.tel & http://Huw.tel are saying their Percy Street office is still open !

So the Telnic and Telnames company web sites are saying they are now trading from the new Calder & Co. accountants' address, but the management are saying on their personal .tels they are still trading from their old Percy Street address !

It sounds as if the left-hand doesn't know what the right-hand is doing - and this from a company that wants to change the way the world communicates !

YOU COULDN'T MAKE IT UP !

http://MikeSeaton.tel


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Re: Telnic pulls a cunning move !

Post by MWX on Wed 18 Mar 2015, 7:11 pm

mikeseaton wrote:... the management are saying on their personal .tels they are still trading from their old Percy Street address !

The team doesn't spend much time for Telnic:

Of course they don't think about updating the Telnic address on their personal websites under these circumstances.
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Re: Telnic pulls a cunning move !

Post by TelBlogger on Thu 19 Mar 2015, 1:14 am

Of course they don't think about updating the Telnic address on their personal websites under these circumstances.
Because they know .tels are useless.
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Re: Telnic pulls a cunning move !

Post by Expert on Thu 19 Mar 2015, 6:24 am

mikeseaton wrote:It appears that Telnic have not used the legal loophole to extend their accounts due date for a 4th time (the 1st time was of course quite normal - the 2nd & 3rd were most definitely not)  unless there's been a late updating of the CH web site.

And again! Yesterday it just happened for the fourth time:
Change of accounting reference date for Telnic: http://companycheck.co.uk/company/03555437/TELNIC-LIMITED/companies-house-docs
Change of accounting reference date for Telnames: http://companycheck.co.uk/company/07471889/TELNAMES-LIMITED/companies-house-docs
For the future we can expect that Telnic will adjust the accounting reference date every three months for the purpose of never publishing the legally obligated financial data ever again.
I'm curious how long Telnic will be able to operate like this before the government will stop this misleading business practices!
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Re: Telnic pulls a cunning move !

Post by ixida on Thu 19 Mar 2015, 6:56 am

We can all count and know already that Telnic's finances are depleted. What else Telnic has to hide?
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Re: Telnic pulls a cunning move !

Post by 4444 on Thu 19 Mar 2015, 1:19 pm

ixida wrote:What else Telnic has to hide?

Possible reasons why Telnic hides the financials:

  • Complete loss of assets
  • Strong increase of liabilities
  • Demolition of company worth
  • Unknown business transactions not intended for the public to know
  • Mismanagement resulting in bad financial data

Any other ideas?

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Re: Telnic pulls a cunning move !

Post by maxi on Thu 19 Mar 2015, 1:52 pm

4444 wrote:Any other ideas?
Could it be be also a fear to go to a prison for intended mismanagement?
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Re: Telnic pulls a cunning move !

Post by mikeseaton on Thu 19 Mar 2015, 5:22 pm

Expert wrote:
mikeseaton wrote:It appears that Telnic have not used the legal loophole to extend their accounts due date for a 4th time (the 1st time was of course quite normal - the 2nd & 3rd were most definitely not)  unless there's been a late updating of the CH web site.

And again! Yesterday it just happened for the fourth time:
Change of accounting reference date for Telnic: http://companycheck.co.uk/company/03555437/TELNIC-LIMITED/companies-house-docs
Change of accounting reference date for Telnames: http://companycheck.co.uk/company/07471889/TELNAMES-LIMITED/companies-house-docs
For the future we can expect that Telnic will adjust the accounting reference date every three months for the purpose of never publishing the legally obligated financial data ever again.
I'm curious how long Telnic will be able to operate like this before the government will stop this misleading business practices!

This latest change in Accounting Reference Date seems to have backfired on both Telnic Ltd. and Telnames Ltd.

The much-delayed accounts due date was set to 18 March 2015 (ie. yesterday)  but I have just gone into the official Companies House web site at http://wck2.companieshouse.gov.uk//wcframe?name=accessCompanyInfo and checked the new accounts due date. Here is the situation now specified by Companies House.

Name & Registered Office:
TELNIC LIMITED
CALDER & CO
16 CHARLES II STREET
LONDON
UNITED KINGDOM
SW1Y 4NW
Company No. 03555437

Accounting Reference Date: 28/12
Last Accounts Made Up To: 30/06/2012  (SMALL)
Next Accounts Due: 30/04/2014

Name & Registered Office:
TELNAMES LIMITED
CALDER & CO
16 CHARLES II STREET
LONDON
UNITED KINGDOM
SW1Y 4NW
Company No. 07471889

Accounting Reference Date: 28/12
Last Accounts Made Up To: 30/06/2012  (SMALL)
Next Accounts Due: 30/04/2014

So following Telnic/Telnames latest move to prevent interested parties from viewing their 2013 accounts the net result is the new accounts due date set by Companies House is 30 April 2014 ie. nearly 11 months overdue !

Hefty fines can result - payable by Directors personally and also Companies corporately - when a company is so late with filing their accounts !

Maybe Companies House have had enough of this Telnic/Telnames farce ?

http://MikeSeaton.tel


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Re: Telnic pulls a cunning move !

Post by josh. on Thu 19 Mar 2015, 6:42 pm

This is a real internet crime thriller!
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Re: Telnic pulls a cunning move !

Post by Expert on Thu 19 Mar 2015, 7:06 pm

mikeseaton wrote:Hefty fines can result - payable by Directors personally and also Companies corporately - when a company is so late with filing their accounts !

Find details here:
http://www.teltalk.org/t1733p72-telnic-pulls-a-cunning-move#11329
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Re: Telnic pulls a cunning move !

Post by Expert on Thu 19 Mar 2015, 7:12 pm

mikeseaton wrote:... I have just gone into the official Companies House web site at http://wck2.companieshouse.gov.uk//wcframe?name=accessCompanyInfo and checked the new accounts due date.

The link is expired.
Please use this one: http://wck2.companieshouse.gov.uk
Then enter "Telnic" or their company number "03555437".
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Re: Telnic pulls a cunning move !

Post by MWX on Thu 19 Mar 2015, 7:19 pm

It's a very serious matter:
Failure to file annual returns or accounts is a criminal offence which can result in directors being fined personally in the criminal courts.
The registrar may also take steps to strike the company off the public record if these documents are delivered late.
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Re: Telnic pulls a cunning move !

Post by 4444 on Thu 19 Mar 2015, 7:24 pm

How can the management of a $35 million company do such a messy thing?

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Re: Telnic pulls a cunning move !

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