that 'something fishy' was going on. Way back in 2013 it was in the public domain. Which begs the question : Why did you invest after this date, or if invested prior to 2013, why did you hold onto your shares ? Was it greed, stupidity, or ignorance ? there is NO WAY any investor in afren can claim to be an innocent victim, you have all been 'in on it' since questions were asked and allegations made in the press 2 years ago.
Hi matt. I dont think that if assets are bought we will get any value. It all goes to pay off debt. We need someone to buy our shares so that a bidder retains Afren in nigeria and therefore no change of control. I dont think change in ownership of the shares constitutes chane of control of the leases. They are still controlled by Afren plc.
Also, Guvnor may have only been given till 17th to make a bid and we all wonder how that can be done in such a short space of time. However what we dont know is how long they have already been talking to the company before now under non disclousrd agreements.
However if ony the assets are purchased there will be no value to shareholders. The cash all goes to pay off debt.
But as Guvnor are not an indigenous Nigerian company, they may fall foul of the change of control legislation. To avoid that they may have to buy Afren Plc, (us and our shares), which means they have to pay us a price for our shares. Then they spend the rest of their money restructuring and paying down debt, by which time we will not own any of the company. All speculation of course. I do to want anyone to think there is a pot of gold anywhere. Odd are stacked heavily against shareholders. My personal views only.
if someone is thinks there is nothing fishy - they need a slap around their face or go join kinder-garden. its plain obvious. AFR board has not to be trusted with. AFR has given 1 week time to a company that wants to buy their assets. Are they for real?
The Serious Fraud Office are apparently investigating Afren and it's murky dealings or so I hear. They really need to take a good look at this scandal sooner rather than later. Is there anyone out there who still thinks that there is nothing fishy going on here?
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