Posts by Dubai007

in ExentialGroup feed Oct 26, 2016 at 06:33
Dear Exential Investors, I had planned to send out an update at the end of October but with the continued social media speculations I thought it’s best that I address a few points to give some insight into the current situation. Firstly, it is true that we have been through the process of changing law firms and I can now confirm that this process is now complete. The fact that we have not been represented in certain court cases does not mean that we are not aware of them. It is a common practice to inform the courts beforehand if no legal representation will be present and this has been done in all instances. Once the verdict is handed down, Exential is allowed time to lodge an appeal and this is the course of action we deem appropriate at this time. There is a fair amount of social media hype regarding the court cases being won against Exential. Any verdict or judgment is not final until the entire court process is complete and it will only be at that stage where we will be in a position to confirm any settlements as instructed by the courts. Besides Exential having to defend these cases which amount to a small percentage of total investors, we are making application to re-open our doors as this will enable us to then pay any agreed settlements but more importantly, give us the opportunity to service all our other investors. The opening of Exential is a WIN-WIN for all parties. Since the DED closed our doors we had been in discussion with clients to agree settlements to avoid prolonged closure of Exential. As we're all aware we were not able to stop the closure but we continued in good faith with our negotiations with these investors and we are now in the process of agreeing settlements with payments already underway. We initially invited and held settlement discussions with 100 clients, both complainants and non – complainants with most of these cases now in the final stages. The settlement offered was based on the initial investment made and taking into account profits withdrawn over the period of the investment. On acceptance the investors signed an agreement confirming the terms of the settlement of their investment. We will over the coming months be making contact with investors who wish to close/closed accounts to discuss and agree such settlements once the office re-opens. I am sure you can appreciate the magnitude of this task but it is our intention to do as much as possible to demonstrate our commitment in resolving this situation as amicably as possible. I once again reiterate the point, the opening of Exential is vital for ALL investors and for us to meet our obligations. I realize that a time frame is something all investors are wanting to know but at this stage all I can confirm is that we are doing our best to resolve this as quick as possible in the best interests of investors and Exential. As I am not in a position to answer all investor’s questions as there are many, speculation on social media will continue. I will continue as promised to keep investors updated on a regular basis which will hopefully mitigate any negative comments on social media. You may also contact your respective Relationship managers to clear your doubts if any or alternatively email [email protected] to arrange a call back from your Relationship managers. “ Your patience is our support” Thanking you, Sydney A Lemos | Director EXENTIAL GROUP PO Box 124538 Office # 707 | 003 Dubai Media City Arenco Tower Dubai UAE
in ExentialGroup feed May 11, 2016 at 06:32
2nd april widrWal recieve today
in ExentialGroup feed Mar 31, 2016 at 11:06
good time
in ExentialGroup feed Jan 28, 2016 at 07:59
how long we need to wait for december profit :))
in ExentialGroup feed Jan 28, 2016 at 07:57
i got November profits in 12th of Jan,,