Am i entitled to the £1,600,000 of 'Authorised Share Capital' from a company that has gone into liquidation

Question

I was a syndicate member of this property company which was supposed to be buying/renovating/selling houses in bulgaria for me and 20 other syndicate members .

I have now discovered that the directors were covertly speculating on unregulated land in bulgaria with our £400,000 worth of syndicated money.

Could these covert 'speculative land assets' AND the covert 'authorised share capital' be the very same thing (£1,600,000) ?

If so, why did the liquidation of the companies assets only come to £230,000.

Also why did all of this money go into the hands of 14 uk based creditors who were only made known to us at liquidation time.

These uk creditors had either conflicting interests within our company or absolutely no link to the buying process in bulgaria at all.

One of these motley creditor names is even madeup

We, the syndicate, have not been given any money following the liquidation of the company.

We also cannot get answers from any legal body on the above questions.

Only constructive advice please.

Answer 1

Sounds like you got royally screwed. :-/