Are your a complete idiot ? Afren was a FTSE listed company, and this supposedly guarantees protection against fraud. We did not invest on ponzi scheme. Our decisions were based on regulatory news releases. Of course we all understand business risk, and we all took chance for those risks. It doesn't mean company can cheat investors, if it fails due to business risks then its fine, but cheating and SYSTEMATIC DESTRUCTION OF SHAREHOLDERS VALUE IS NOT ACCEPTABLE BY ANY MEANS.
The Bloomberg article is beyond astonishing. Mentioning a 17th of August deadline. The Sunday Times has accurately predicted very strange and disturbing developments re this company in the past and he seems to have an inside connection within Afren. Fire Sale by the end of the month announced. Alixpartners comments "do not anticipate that there will be any funds available for distributions to shareholders" Malcysblog comments and Blackstone
Are they actually trying to save the company as a going concern, employees and Shareholders????
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.
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