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$200 milion would leave us a few pence to share around and a nice even number for the bidder! Really is depressing when look back but as you say Ethan new plan for next 5 years! Lesson learnt the exceptionally expensive way.
And of course the wonderful ceo has been mum all along as to their identity, except being seemingly confident to the company grave all well in the funding world, industry valuation snd the rest of the garbage pi's were fed. The cfo buying in later in the mid 40's must have thought he'd pulled a blinder over them.
The bondholders entering via Norway tends to validate that comment, being stakeholders in sto. One slight thing in favour though was they did gobble up significant stockholding in the mid 60's, wonder what persuaded them that figure when exercised might show a clearly expected profit and what that might have been..
Hi mate glad to hear from you Me too mate any return would be good At least we can't invest anymore and it's all over with just got to adjust my plans for next 5 years I'm sure Cole will get what's coming to him
Well I have written this off completely, a 10p value per share would soften the blow and give me back some cash to buy myself a gift to cheer me up! Hoping the bidding process is honest and fair unlike the BOD handling of this disaster!
Wish you good luck Trek & all holders BUT, I fear bids will cover B/H's + cost's full stop, PI's are expendable. Take a look at IFL, even the last few pence was snatched away from PI's. Judge me when the deal is done, RC at the last AGM (is this Rupert's master plan?). What ever happens from here RC should be hung, drawn & quartered or at least ill gotten gains removed from his bank account. JMO Happy Xmass to all.
Well you never know, imo the short shrift given to the bondholders with their unvoted on proposal makes one think with the revival in brent and cost reductions there is a real chance of a significant upside to $150m to cover the bondholders. Even BP are in acquisitive mode again, just so long as bidding is competitive and not a stitch up between 2-3 interested parties.
That would be the ironic thing if the clowns that presided over this disaster were able to profit from disposal of their stock.
Hey Trek, don't let it get you down I have all my life savings in here. Treasure the time you have with your wife, I know it's easy to say but money comes money goes. I hope you can get back enough to go on the holiday you want but if you don't I'm sure you'll be happy just to be with your wife. Feel for anyone who's lost here.....but like you say you never know bring on a bidding war!
Me too mate can't be easy for you
Wow! Trek that's a sad story, I do hope for all of the maligned shareholders here manage to get something back...& that you are able to treat your treat your good lady. Cole you're an absolute disgrace!
With 28 interested parties the bidding process should be fascinating. Assuming all interested parties get through the vetting. Will there be a $/b gate? Will the top 10 go through to the 2nd round? Can Statoil afford to risk an under bid and miss the first gate? If it's then reduced to just a few what price will be on the table then? Assume all bids are cash and the fit and proper criterion is met this coul I hope be over in a few months. I have most of my life savings in here and want to treat my wife to a holiday as she is recovering from cancer, to get back half of what I invested would be amazing. I think we could all be pleasantly surprised. Ever the optimist ever the fool! Trek