Smelly G Spot offer

In April 2014, CEO, John Trimble [prev Trimbole & nephew of Aussi Bob], moved the PPN registered office to a firm of accountants, Bryant & Bryant .  

Trimble also appointed his son to the board without obtaining prior approval from the VCGLR who quickly jumped on him resulting in Michael Trimble being kicked off the PPN Board.  The retrospective cancellation of Michael's appointment means that anything he signed as a PPN director is therefore null and void.   As Trimble's son, Michael is also a 'related party' and cannot even sign a sheet of dunny paper if it gives an advantage to his father.

From 4 August 2014, a number of PPN shareholders advised me that they received letters from a firm called COLLINS WENTWORTH  saying that they act as the Financial Advisors to G Spot Investments Pty Ltd.

I note that the Bryant & Bryant website shows COLLINS WENTWORTH as their corporate recovery merger and aquisition advisors.

The Bryant & Bryant website [http://www.bryantandbryant.com.au/] also says that Sandy Constantine is the Principal of Bryant & Bryant Chartered Accountants.

In early July 2014, the same Sandy Constantine, purchased 100% ownership of an unlisted company called G Spot Investments Pty Ltd.

A number of PPN shareholders received a letter from COLLINS WENTWORTH acting for G Spot Investments Pty Ltd. Some of these shareholders have forwarded their letter to ASIC and asked them to investigate this very dodgy and totally inadequate offer.  

The shareholders were also reluctant to give their personal information such as bank details, copy of passport etc to unknown people thereby leaving themselves open to identity theft.

Anyway, here is the Collins Wentworth letter:

Dear Sir or Madam
OFF MARKET ACQUISITION

We act as the Financial Advisors to G Spot Investments Pty Ltd.

We have been requested to liaise with the Shareholders in Planet Platinum Limited ('the Company) in an endeavour to acquire the Shareholding at a predetermined 'price'.

We note that you currently hold .................. Shares.

We are advised that the last trade, before suspension, was in the order of fifteen cents per Share.

We are aware that the company is suspended and has still significant issues to overcome.

We ask that you make your own enquiries in respect of the same.

Nevertheless, we are in the position of, and instructed to 'offer' ten cents per Share.

In your particular instance, that would amount to $................

We have taken the opportunity of enclosing the Standard Transfer Form.

We have enclosed "bank details" required (refer below), in respect of transferring the 'consideration' for the Transfer.
We also enclose a reply paid envelope.

Complete and execute the Stabdard Transfer Form

Please complete item 1-6, especially the Security Holder Reference number (SRN) and sign at item 10 on the Standard Transfer Form

Complete the banking details section below

Provide an original certified copy of your Drivers Licence or passport plus, if applicable, the most recent Company Statement issued by ASIC (Company and Super Fund holder only)

Return the above to us in the enclosed reply paid envelope

The amount will be transferred within seven days of receipt of your executed Transfer document.

This 'offer' is available for fourteen (14) days.

Look forward to an early response

Yours faithfully
COLLINS WENTWORTH