I found the description of Dynamo Recoveries Ltd in the June 2021 progress report for SCL Elections which is in liquidation
Dynamo is described as a special purpose vehicle set up to advance litigation related to the collapse of the companies (and has same directors as Emerdata)
Dynamo is described as a special purpose vehicle set up to advance litigation related to the collapse of the companies (and has same directors as Emerdata)
https://twitter.com/WendySiegelman/status/1422538123993563141
SCL Elections report notes joint liquidators agreed to assignment from Emerdata Limited to Dynamo Recoveries on the terms Dynamo pays 10% of the recovery made in any litigation (after other costs paid)
This relates to £8 mil Alexander Nix withdrew in 2018
…te.company-information.service.gov.uk/company/082562…
This relates to £8 mil Alexander Nix withdrew in 2018
…te.company-information.service.gov.uk/company/082562…
Per 2018 FT story Alexander Nix withdrew £8 million and investors in Emerdata wanted to recover those funds
Around that time Emerdata had raised $19mil - almost half was withdrawn by Nix and another $8.8m was loaned to Cambridge Analyica LLC in the US
ft.com/content/1c8a5e…
Around that time Emerdata had raised $19mil - almost half was withdrawn by Nix and another $8.8m was loaned to Cambridge Analyica LLC in the US
ft.com/content/1c8a5e…
Another interesting item in June SCL Elections report - materials & servers seized by ICO w/700 terabytes of info were held by third party agent Disklabs Ltd - now joint liquidators have engaged Disklabs to store material and assist in their investigations
…te.company-information.service.gov.uk/company/082562…
…te.company-information.service.gov.uk/company/082562…
The SCL Elections progress report notes £63,646 loans with NMS International Limited (NMSI)
An old 2011 article on NMS Int'l described how the firm sold armoured vehicles used by Libyan regime to quell demonstrations
theguardian.com/world/2011/feb…
An old 2011 article on NMS Int'l described how the firm sold armoured vehicles used by Libyan regime to quell demonstrations
theguardian.com/world/2011/feb…
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