with 10's of thousands of shares worth about £100.50 ? cant be long now before we reach a penny, then maybe the MM's will move on to another share ? cant get blood out of a stone... but maybe the oil will come good one day :)
"We were misled by that nasty men"..... Mr Justice Clarke’s said Wempen’s "evidence in the course of the trial has shown that he is long on assertion and confidence, but short on analysis and understanding” and added that his analysis of the situation was ”seriously unbalanced”. Doh! How very dare he and for Alex Panayides to then lead the funders down the garden path - how very dare he!
Far from it! In fact, at the last Court hearing, the Funders were accusing Alex Panayides of leading them up the garden path. Their position regarding the £5.61 million in unpaid costs - for which Gulf and Texas are pursuing them - was that the money should be sought instead from Clifford Chance. They were basically saying "we were misled, it's nothing whatsoever to do with us, you should instead be going after Clifford Chance for your money, why aren't you?" To which Gulf's response was that such a route was all too difficult. So Lord Justice Christopher Clarke has the task of sorting out how the £5.61 million should be handled...I told Harvey Rands after the hearing that IMO Clarke wouldn't give his Judgement quickly, and I was unfortunately proved correct. The share price took an almighty 'hit' because of the disputed CPR figures published on 13 March 2014, and also because of Gulf's appallingly drafted 'we're running out of money' RNS. Whilst there may well be a New York dimension to certain trading (the price very frequently moves considerably wen the NY market opens) the bulk of the share price decline can be pinned on other factors. Incidentally, I think some people don't want the contents of the Coffee Bar Dossier to be made known. I have the document, and I shall do with it what I so choose, at a time of my own choosing. I have, as a matter of interest, discussed it with a leading Law Professor.
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