Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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fair enough I understand why its being disbanded. Just a shame the way it turned out.
As someone who has (or had) shares in Afren, I would like to thank the ASOG committee members for their exertions on our behalf, but que sera sera. ALAG - let's see what can be done to resolve this!
Great effort Ldlv
This will have long-term ramifications for the reputation of London market besides being a life changing tragedy for many hundreds of retail investors and their families. The destruction of this FTSE 250 company in a matter of a few months is the folly of breathtaking fraud at the expense of its shareholders. afrenlegalaction yahoo com
There is a broader picture here where vulture funds are targeting London listed companies with a large retail investor base by picking up the debt on the secondary market for a fraction of the face value. Subsequently, certain advisors are brought in the name of restructuring which practically means a destruction in share price, huge and disproportionate write-downs, shareholder wipe out and a transfer of assets to debt-holders through administration or a scheme of arrangement.
we do not believe that the BOD did in fact explore all funding opportunities available to them over the last months, and that they were fixated solely on the over-complex bondholder recapitalisation offer which essentially cut shareholders out of the company’s future.
we are expecting AlixPartners to be transparent & inclusive of shareholders, and to work towards putting this company back onto its feet for the benefit of ALL stakeholders and not only creditors, who have thus far been both inflexible and downright greedy with their demands - as evidenced by the strong shareholder stand against the recapitalisation.
Since inception the Recap has threatened shareholders with little or nothing, and going into administration just looks like the latest attempt to achieve that disenfranchisement.
we are not happy with the secrecy surrounding the Seplat offer & BOD's rejection of it, nor with their explanation as to why it was a non-starter. deadline this week
We have indications of a deliberate and sustained effort of destroying shareholder value in the company over the last twelve months; why? to get assets of the cheap? To make a fire sale? Ultimate beneficiary we are waiting...
may be pointing to the suspicious and highly questionable write-down of the Barda Rash asset in the Kurdistan region of Iraq; we discussed this many times
We got an information from a person close to the company that some of the directors placed in Nigeria are trying to red circle First Hydrocarbon Nigeria (FHN) a wholly owned Afren company and its assets in West Africa and other places around the world. We must pay particular attention to any intended sale of that company as a whole and ensure that won't happen or we will ask for responsibilities. Word is they are trying to get it for next to nothing.
Conflicts of interest and concerns regarding non-independence of Afren board.
We are extremely concerned that they seem to have little experience of the oil and gas sector has been brought in for a flash sale of assets. We let them know
http://www.fhnigeria.com/assets/ The Administrators have a statutory duty to investigate and report on the reasons for the Company’s insolvency and the conduct of the Company’s directors. So they shouldn't anticipate anything else until they FINISH the investigations and report. We are demanding to the administrators an official response in regards the Sunday Times article that talks about fire sales of assets After the Simon Hawkins confession the FCA was made aware, as the SEC too by a US Colonel that is a member of our team.
YC You're becoming very good at putting GG in his place and it was interesting reading at the same time. I hope Harcus Sinclair become famous for standing up for the man in the street against these b'st..ds Law firms like that are a rare find and its very reassuring to have them in our corner. ALAG are gathering momentum and the media is increasingly getting behind them. Who would have thought it, when Idlv started off the crusade against the thieves with a few posts on a bb...how he and they have grown since then, ldlv never resting, even when on holiday...an impressive and driven man. The type we need at the helm if we are to succeed. Anyone not supporting them now are either in the other camp, not invested or plain stupid. They are the ONLY chance of redressing the balance here. I wonder how long it will be before the serious fraud office take a peek? Weight of public opinion should make it happen together with the noise that is being made. This isn't the quiet transition they were hoping for! So come on FCA, SFO, what are you waiting for? We have ourselves another SOMA here, we're ready for the front page of the FT. Big thumbs up ALAG, Idlv and all those involved.
He can he was there as a consultant part and parcel of this whole debacle.....
ASOG shame to see it wound up but you guys gave it a good go.
Thanks Peteb.
The ASOG Committee wish to inform everyone that we have unanimously decided to wind up the membership group and committee. We would like to thank all members for their support An email has been sent to all our members and we have included a letter of introduction to ALAG for those former ASOG members that wish to join. Please review the following links. The ASOG winding up statement:- https://www.dropbox.com/s/sdbkfsgr0m9l1dl/133%20ASOG%20winding%20up%20statement.pdf?dl=0 The ALAG introductory letter to former ASOG members:- https://www.dropbox.com/s/0e0bezk6f1ke2t9/134%20ASOG%20ALAG%20Intro%20email.pdf?dl=0 As from now, if you see any post or communication from a former ASOG committee member, he is acting in his own right as a private shareholder or individual and does not purport to represent any other shareholders views. Thank you, Tony
What's happened Andy.p's cat got your tongue !
you didn't miss anything. i only found out myself last night when i was flicking through share prophets.
Peteb, I just meant I don't remember saying that I filtered you. As for notoriety it was negative publicity. but not bothered. throwing stones in glass houses and all that lol
*as he's always moaning about Rob Terry.
Peteb, Here it is. http://www.shareprophets.com/views/13874/bulletin-board-moron-of-the-week-you-asked-its-back Thing is he took it out of context. I never believed it was a minor glitch. And admitted it was wishful thinking if the company could return from admin. Bit of a hypocrite anyway as he's moaning about Rob Terry. give it a break lol TyphooSips mentioned as well on this one by someone called Malcolm Roberts, http://www.shareprophets.com/views/13995/bulletin-board-moron-of-the-week-back-again-this-is-fun