appears to be in this statement from the co.: ''Furthermore, even under a scenario of significantly higher oil prices and recovery of all arrears from the MNR, the Company does not expect to be able to refinance or repay its current financial indebtedness of US$601 million due in 2017.''
I have been through a shareholder revolt with BHR, who were similarly plagued with debt and delays, despite a great resource. We voted against a real drubbing that would still have left us with something and ended with nothing. This is a good deal in comparison and I will be voting for and taking all my allotted shares in open offer.
the questions i would ask about a legal claim are:
- what is the claim for? - what documentary evidence have you to substantiate the claim? - against whom is the claim? - assuming you can formulate, action and win on the above who pays the outcome of the action? - who funds the legal fees prior to win (and one would assume you would seek costs on a win)?
only some handy hints and questions (much as cityfan will state his normal carp in response) - from someone who is involved in such matters for a living.
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