Ok let´s give the actual information on Medsea
They are actually an AIM listed company listed on the London Stock Exchange and they were a penny share
On Monday their shares were suspended on the London Market and their brokers resigned and they are subject to a trading statement
RNS Number : 1979Q Medsea Estates Group PLC 06 April 2009 MEDSEA ESTATES GROUP PLC ("Medsea" or "the Company") Resignation of Nominated Adviser and Broker Medsea today announces that its Nominated Adviser and Broker, HB Corporate, a trading division of Hoodless Brennan PLC, has resigned with immediate effect. Pursuant to Rule 1 of the Aim Rules for Companies the shares of Medsea will be suspended from trading on AIM with immediate effect. If Medsea fails to appoint a new Nominated Adviser within one month, the admission of the Company's shares to trading on AIM will be cancelled by the London Stock Exchange at 7am on 7 May 2009. The Company will further update the market as to its current position as soon as possible. Medsea Estates Group plc Tony Gatehouse, Chairman Tel: +34 96 570 40 02 Juan Carlos Rodriguez Martinez, Chief Executive This information is provided by RNS The company news service from the London Stock Exchange END APPUNRARKVRSRAR
If you call the Spanish number you get an answering machine message telling you that their offices are closed till 21st April and an e-mail address, which there is no answer
If you call the london number on the website you get the same message
Today I visited their office in Torrevieja which were locked up and looking pretty empty and there was a notice on the door saying that the company was in administration and with an e-mail address
On another forum some people have claimed that have had an e-mail confirming this and the next action should be the appointment of an offical administrator
Medsea mainly acted as a promoter and I believe that contracts are directy with the builder so the main thing at risk are any items for which you have contracted directly with the builder for, furniture AC, white goods etc and of course the ongoing isues with communications
If you are waiting for NIE´s again the lawyer can do this or you can get these in the UK and it is not a complex process, same for bank accounts
You will have lawyers working for you and this should be your first point of contact but remember it is a bank holiday in Spain till Tuesday
If anybody needs a guide which explains te legal proces, the NIE process and your rights please mail me at guidesm@inspectahomespain.com
I wouldn´t panic at the moment