I have not just caught up with RIG as I was a supporter at the beginning but felt they lost their way for a while, adopting too much of a trade union mentality at the hands of one or two confrontational members. That stance seems to have softened so once again I am now supportive of their actions. As always I will continue to watch with interest and respond accordingly. I am aware that the article repeats the RNS but it also underpins it so not retracting anything on that score. As for Manos, you might want to pay more attention, this was a link to a newspaper article in the Guardian that was posted over in iii, which I acknowledged not some act of plagiarism as you implied.
knew you would copy that PMSL. Your so predictable " bounty learn to think for yourself ",& then you copy a posters work haha. Jesus Christ have you got no self respect left ....think all your posts should arrive with the CRAZY FROG theme
Oh dear hate to,rock the negative boat but things are actually starting to look pretty goo din Trinidad, thanks to bhxjoe for this link. Lets be clear RIG are once again becoming a useful communication bridge with the BOD and no more than that, lets keep it that way. May I wish any shorters locked in here the future you deserve.
Thank you for your explanation. You put things in clear and concise manner. Your explanation makes lot of sense, and based on sound reasoning. I remember you from your past posts, and must admit your are one of only very few individuals across many bulletin boards with deep understanding of high end games ( although many claim to have understanding), even in that select group some seems to be deliberating weaving good stories to mislead masses. The only thing which is not clear to me is why did Landau leave, and why Rory and Company took some actions such as Texas sale, Ignoring RIG, complex dealings with CTR which seemed to favor Landau directly and indirectly. Were they compelled to do so due to precarious financial position? Is it the case that Landau was looking for a temporary replacement after IOP saga, and he found an easy target in the form of Rory due to his inexperience?
Alocasia is correct. I too have been in the position being threatened with legal action for agreeing to vote with other top10 holders unhappy with a company BOD. That RIG have so many shareholders of like mind may make a case difficult to prosecute, but maybe they could target the larger share holders. However this would not prevent the other share holders from continuing to act "in concert".
Core still require ASX approval to exceed the 20% ceiling and this has not been given. Perhaps share holders could oppose by individually writing to ASX indicating their objection but this would require a change in attitude of many. This may draw a fairer and less threatening funding arrangement from Core.
In the meantime they are ahead of themselves by self appointing directors to the board. It would make better commercial sense to have 2 RIG affiliated directors in their place.
Hi Bounty Haven't posted for awhile. But thought I might chuck a thought at you in regards to who did the deals.
All these Chinese deals were set up by the PL. The gravy train of the "associates" has been rich at Range. They hold all the voting power until RIG got organized. The change over happened in Feb 2014 to Rory. Who put Rory in? By Dec 1 Rory is out! Was 10 months (with some of that with out cash) really a realistic time to give someone time to clear the mess left by PL ? The Answer is no.
So what has happened since PL has been away.( And I what you to think of what share holders reaction to the deals would have been if he was still here.)
A well coordinated pump and dump on Ocean. All the players knew full well it was coming and boy did they dump.
The IPO deal. A $8m loan wiped! A loan supposed to have been secured by the asset it was given to buy. Range ends up with worthless shares in a company in suspension for refusing to release audited accounts. Run by two times convicted heron dealer (band from two exchanges) and Sage who PL use to work with and has had his offices raided in Dec 2013 and Feb by the Feb police. During that time. IPO get a new Company secretary. One Jason Brewer. (An Okap director)
The Texas rubbish that the market was told by PL was sold in 2013. Goes to CTR and PL for less than the deposit the market was told had been paid from the "buyer" last year. Under Chapter 10. This would have had to go to a vote if Range held more than 10% with in 6 months of the sale. Range sold down to 6% from 16% 6 1/2 months before this deal. Which destroyed the CTR share price along with all testing stopping with out any reason for now 5 month by a 10% operator. Smith. Who worked for the "old range" Range now get more shares than it had for next to nothing. A seat on the board. This was planned from the start. imo
Nasty death spirals set up by PL settled. Wells that where dusters now told to market under Rory. Rigs that supposed had millions spend on them. Now off the books.
All done while PL was away.
If you know about the CCC RRS loan. This was settled while PL had left CCC by an "unrelated party" Then he's back a CCC with a bridging loan which racks $2.5m in profit and racks up $1.7m in fees to a company in suspension. (Not saying he will be back here. But things would surprise me)
I would be talking Lyons comments very seriously if I were you! I said over a month ago that that was it for Range. That the Chinese have no use for the market. Lyons has confirmed what I thought.
Just on a side note. Can not believe that anyone still engages with these muppets here who have not gotten a thing right ever since I have been reading this board. Pure shepherds and should not be responded too. imo
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