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If he is a man of faith then he should bring out the truth!! The whole truth so he can help the shareholders.. Just being a man of faith is not enough..!!
be sure we will fight for that afrenlegalaction yahoo com
could afren come back to life? i think there is more to this. just a gut feeling.
There are some specific requirements to demonstrate client confidentiality is maintained in a "Chinese wall" scenario. Worth reading the following. http://uk.practicallaw.com/3-100-8763
We are very concerned at yesterday's announcement of Blackstone being appointed as the financial advisor. This announcement corroborates the Sunday Times story of 08 August and give further rise to the concern that the administrators are indeed rushing towards a fire sale of the assets. We are puzzled that how did the administrators concluded their due diligence and decided to appoint a financial advisor within the first week of their appointment? Not only this announcement is in direct contradiction to the administrators own position of 09 August but surely someone must have tipped off the ST journalist by no later than Friday for the story to appear in the Sunday paper.
paragraphs 51 and 52 of the Insolvency practitioners code of ethics that appears here, http://www.insolvency-practitioners.org.uk/regulation-and-guidance/ethics-co de " 51. Where the assets and business of an insolvent company are sold by an Insolvency Practitioner shortly after appointment on pre-agreed terms, this could lead to an actual or perceived threat to objectivity. The sale may also be seen as a threat to objectivity by creditors or others not involved in the prior agreement. The threat to objectivity may be eliminated or reduced to an acceptable level by safeguards such as obtaining an independent valuation of the assets or business being sold, or the consideration of other potential purchasers. 52. It is also particularly important for an Insolvency Practitioner to take care to ensure (where to do so does not conflict with any legal or professional obligation) that his decision making processes are transparent, understandable and readily identifiable to all third parties who may be affected by the sale or proposed sale."
For the record, we would like to make it very clear that we have huge reservations with the appointment of Blackstone as the financial advisors. Given that Blackstone were the paid advisors to certain bond-holders for many months, we find it very strange that a company with an inherent conflict of interest has been appointed by the administrators for a fire sale of the assets. We would like to know what process was followed in the selection and appointment of financial advisors. Our view is that due to the inherent conflict, even with the Chinese walls mantra, this appointment is against all principles of transparency and impartiality. afrenlegalaction yahoo com
Hi Jester. Your enthusiasm is great but your words will make you a bad witness. Forgive me for teaching you to suck eggs, but you illustrated what I said in my last post. "All involved... old bod... new bod". Those words are meaningless. You need to say "these individuals are guilty because they did this that and the other, as demonstrated by these facts......". You say you believe there is oil in barder rash. How do you know that? All meaningless. Now if you could say you been out therevand looked down the pipe and saw the oil, then thats evidence. "Steal the company"..... Who, how what did they take. Facts and evidence needed. Dont stop your crusade Jester, just put accusations togethervwith facts. ALAG can then use it. Not having a go.. just some comments that might help.
We are all saying it in the public eye for people to see. If people are saying these things you have to ask yourself why? Why are they saying it because personally speaking they have foundation and alag can pick up these comments and use them with there legal team if they want to.
What happened to the general , did he sell his entire holding or hold ?
Isnt it that Afren as the parent company is the owner of the subsidiaries of Afren??! Maybe they have put all the assets in the subsidiaries... I think the chairman is the mastermind in this whole Afren story... He is still chairman of one of the subsidiaries...
Hi guys. Im still here watching lol. I still see lots of postings about every one is guilty of something, what various people should have done and what the authorities may or may not do. Sometimes just wild accusations. I know from my own experience on ASOG thay there can be many varied scenarios and you can bet none of them are right. May I offer a suggestion. Instead of plucking things out of the air, anyone that wishes to pursue an issue of wrong doing that they can substantiate with evidence, actual or circumstantial, they draft a concise email with all the facts and send it to Legal Acrion Group. It is very hard for them to pick up meaningfull issues from online postings. You need to let ALAG co-ordinate and build a case. But you need to provide the evidence. Its no good saying "they were all theives (allegedly) judge". You need to say "certain individuals were theives (allegedly) because they did these things and here is the evidence that shows that. No good just saying all the money went so they must have stollen it (allegdly). Let the legal teams put all that together but give them hard facts. What im saying is dont just throw wild allegations around. Feed them to the legal team together with the relative evidence. If my view is worth anything you need to find a link connecting wrong doing with the BHs and Blackstones. I dont know if that link exists but they are the only ones in this sad story that have deep pockets. Good luck to all of you.
All are involved in some way or form in this whole debacle. That includes old bod and present bod...remember their names... Their time will come literally....
For maximum effect come on even we know 200 mill barrels are worth something in the ground. I believe there is more oil down at barda rash but first they had to steal the company from shareholders.....
Unfortunate as it is,many s/holders have conceded that the prospect of legal redress is zero.That being the case,the those that wish to pursue the matter doggedly should be enabled to do so albeit in their favour only. As a specific/defined private action group,it may be that less than 20%/30% of s/holders will wish to enjoin,yet that may be in the groups favour in negotiation further down the line with the Administrators. ALAG is the vehicle,and those committed to that route should volunteer the number of shares and the average price asap.Maybe idlv should post a cut off date for participation.
He's on Linkedin
Good on you now f**k off.
Whatever !. I have moved on and made up my losses here elsewhere.
I can't understand why people like you are still posting here. Accept that others are, and jog on. Bye.
I can't understand why people are still posting. Afren is dead. Accept your losses like myself and move on.
Are you Homophobic Andy P ?????? You should be banned from posting you ignorant Pr**
I bet you've taken it on the chin and in many other places billy, now I have to filter you as well you silly little billy as you should be out in the playground and not blocking up this board.
Good on you and the best of look, I hope you make a fortune But don't whinge like Andy P, just take it on the chin mate :-)
Does being a FTSE250 Company prevent a company going into administration, I do not think so!!!! You gambled and lost get on with it!!!! Boo Hoo!!!!