I have just lodged an official complaint re the conduct of Peter Landau re Range Rescources. I have requested an investigation. I urge ALL shareholders to do the same as one complaint by me will not suffice.It is a numbers game and the more people that complain the more chance of an investigation.Do'nt be compacent do it now it only takes a few minutes.Google Contact us - London Stock Exchange to get link.
I think carve gives us all this very expensive and accurate advice for totally altruistic reasons. He wants everyone to invest wisely and become wealthy, and has no desire whatsoever to make any money himself. I have made some money out of Range in 2015 by doing the exact opposite of what he and his little ticker-up groupies have advised.
So, like many, I am delighted he spouts his c*bblers and wibble all over this board. 5,000 carpy posts - the book of them is to be published soon (accompanied by a ticker tape launch).
Still trying to slog me off too? How do you know I am not rich?
I am merely dispelling the myths some people propagate on here. I have been urging caution for a very long time and highlighting the corporate issues at hand. Why do you think I do it? Cheaper buy in is it? LMAO. You are pathetic.
Unfortunately there is absolutely nothing PIs can do that will affect the outcome of this now. It is entirely in the Chinese's hands as they are the majority shareholders and have the run of the BOD. It is too late. It all depends if the Chinese want to put in more money quickly to save RRL in its current form thus carrying the PIs along.
I have advocated for RIG to turn activist to protect PIs interest for a long time but unfortunately, RIG hasn't the appetite for it. RIG is purely an observer. It is a toothless guard dog that can bark but not bite.
Had RIG organised itself to turn activist and get proxies from shareholders, then RIG could appoint BOD members which could affect the outcome. To try to organise that would take too long and I suspect, time is not on the PIs side now.
While all this is heavy stuff is playing out, RIG can only standby and wait for their meeting next week to ask questions.
In any event, there is no harm in joining RIG and the more the merrier. For practical purposes, all you can do is sit and wait to see what the Chinese will do.
There is still a chance that they will settle with Lind. I am not going to call the likelihood of that one way or another.
I think we should all apologise to Carve for any criticisms we have made. After all, it’s not very often you get a multi millionaire businessman giving advice on an AIM BB. For such a successful entrepreneur to give up his precious time advising PIs rather than exploiting his talents to make more money for himself is truly an act of philanthropy.
What’s that you say? He’s not a multi millionaire? But..but.. but..
Surely, having run large and small companies, knowing how lenders think etc. he must have put his undoubted experience and insights into making himself rich before selflessly devoting his energies to support RRL investors?
Defaulting on the Lind loan does seem unnecessarily expensive, over a million quid for nowt, plus selling the rigs, all while in suspenders .. hmmm... is this all about getting shareholders to accept the Core deal...... it certainly fits right now
Could Mr Chen be the Chinese Machiavelli .. hell.... he might even plaster on a fake smile when he turns up to the Range meeting
RTN, still trying to slog me off I see? I don't mislead people. I post analysis of facts and then I clearly state my opinions and those are my opinions. No more no less. There are facts in my posts and there are opinions. You distinguish what they are and you are entitled to disagree with my opinions but to disagree with facts just show you up as having ostrich syndrome.
What the outcome will be is by no means certain yet but the process that is playing out is a fact. I have made that clear. The outcome will depend on the Chinese.
In my experience, I have dealt with lenders and I know how they think. Your OPINION of Lind pushing for a premium is just that, an opinion. I don't think they are pushing for a premium. In cases like this, Lind just want their cash back FAST. As long as they get back their capital, they would call it a day. The Chinese are not paying them fast and just promising jamorrow so they have to act. Putting in a demand is ratcheting up the heat on Chinese to settle.
That is also an opinion but what I have said about receivership, pre packs etc are facts. Oma is the one misleading people.
Now you are saying the request was always going to happen but when I was saying it before the event, you were calling me names weren't you?
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