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Warno1 I’m saying no more on the subject matter out of respect for FFC and others, maybe you could show the same respect too. Though you do have a adventurous sense of imagination.
Cheers warno1
Nice to see you still in yuri
I’m expecting at the earliest mid to late August but probably September as they have said that’s when we’ll get the half year results (which must come after listing !)
:) Taking into account "La nacion" theme this case might be more appropriate:
http://youtu.be/YCcq2BkxiaE
On average it takes between 6 and 9 to get listed after filling with SEC, therefore for next 3-4 months it can remain flat-lined (subject to adjustments due to Petersen case progress).
P.S. Remembered of BUR on how to handle legal cases after watching this: http://youtu.be/rv8kOzRZK8g
GTX - the more you write the more you read exactly like Thomas Browne. Sentence construction, tone, words used, style of referencing other people.
I wouldn't dream of filtering you FFC, far from it you might even get on my Xmas card list this year.
CHEERS FFC.
" you for you to lower yourself to saying all those things to him"
gtx the fact that you don't see him the way I did says it all really !!! enough said !
BTW I didn't lower myself I just said it as it was !
Now if you don't like straight talking I suggest you filter me I truly wouldn't mind !
FFC I don't know everything that went on around you and him, though he must have been extremely rude to you for you to lower yourself to saying all those things to him, you seem a nice reasonable person to me, and very likable, so I would have to side with you considering everything I've said.
Investors don't seem to separate the Petersen case from burfords normal workload and potential. I actually think now that burford should try it's best to avoid such high profile cases, and in some way find a mechanism to keep the company's name out of the limelight. I want the profits but not the SP rollercoaster ride that comes along with these types of cases, but that maybe unavoidable.
CHEERS FFC.
Final word on the subject from me but I once wrote that TB was a pompous pr ck and I found him very very very annoying so I wouldn’t try to hard to emulate him if I were you gtx... just saying
And as for the fact he couldn’t help quoting just about every sp imaginable well of course even a broken watch is right once a day !
JAMMYC I think TB has really effected you badly, please don't let him do that to you , your smarter and better than that, your one of my favorite posters on here, He's gone now, let's just forget all about him, I won't mention him again if it upsets you, your here he's not, so that's what I'm focused on now. Your a decent good poster that's what's important here, not some whirlwind of a past long gone poster. Onwards and upwards is what I say,
CHEERS EVERYONE.
I sometimes read his old posts to learn from him... I hate LOL. However, LOL. You are TB
TWT I'm flattered you compare me to TB , I've tried to be as enthusiastic as he was , but I fail spectacularly, he was a whirlwind
on this forum, he lifted my spirits immensely, I shall just try to post with his in-depth thinking way of posting, I still some times read his older post to learn from him. But as you can see I lack badly, I'm a glass half empty he was a glass half full or just full, LOL. I'm very happy with every poster on here,
CHEERS TWT and everyone.
Great feedback all, GT you do have a very familiar writing style and in in-depth analysts style..can see why you have been linked to TB in the past. Just ones opinion lol I completely agree with you also.
Thanks FFC, with you all the way! Will hold this for the next 10 years in SIPP. But will balance portfolio in other wraps once reached a good price, as I doubled up in £3 range.
Do love my porridge to!! Lol
TWT you make a very good point in that Sebastian Maril is a Argentinean analysis who naturally would need to look like he is behind Argentina's need to save a lot of money for the country, as you say he influences the big Argentina tabloids, he probably would need to tow the party line so as to speak, that's completely understandable in a country were justice is in my opinion corrupt and infiltrated by Argentina's politicians who have very little regard for true justice and the law, now in saying that if Trump stays in power America will be the same way.
I also agree the judge should follow the legal framework of the American system, the shares were sold to international investors in America, Argentina basically stole the shares without refunding the money paid for them, and admitted liability to that when paying just REPSOL compensation, Argentina took advantage of knowing that the other unpaid parties couldn't afford to pay to sue Argentina for there own money back, causing them to collapse and go into administration,
Judge Preska should always bear that in mind when deciding on the way forward, anything Argentina needs paper wise / documentation wise , can be easily found and very quickly, that's why Argentina's legal team are trying to stall proceedings
with a motion to request expert witnesses that they can manipulate and be told to stall proceedings, with they can't travel your honour until the pandemic is over ETC, they could have a court date only for any one witness to be unable to attend due to sickness or personal needs, dragging the case out over many years, that's why judge Preska needs to avoid all this nonsense and stop the Argentinean system from directing and manipulating the court proceedings. If the judge sides with the Argentinean legal request then the court proceedings and timings are at the mercy of Argentina . That's Argentina's main aim, to stall stall and stall. though in the end when we win they will have to pay out a very substantial amount to be able to avail of the international money market's, the most damaging thing to Argentina would be to not to be able to avail of borrowing money from the international monetary system.
I'm hoping judge Preska will see through all this and find a way of getting the two parties to compromise, though that will be very difficult considering Argentina's absolute need to just stall all the proceedings to there maximum.
just my thoughts on the matter. CHEERS everyone.
Completely agree
Personally I believe we will win this and I would imagine the lawyers for YPF are not expected to eventually win just to stretch it out as long as possible and know how to use every trick to do so ! Judge Preska probably know that too but is bound by the rules so has no choice to allow it thus far ...
Judging by Burfords rhetoric we are nearing the final hurdle ???
well that's my take on it ,
As I'm planning on being here a good few years yet I'm trying not to let the due process wear me down ! ( now where is a raised eyebrow emoji when you need one )
GLA
I agree that we lack knowledge and understanding of the US legal system to be able to evaluate accurately anything on this case. We are also getting our information from one source; from an Argentine Analysts who influences one of their major national tabloids.
The judge has to be seen as impartial and objective. She will discuss both angles in an unbiased view, like the matter prior with determining jurisdiction of the case.
We can only make assumptions - we have not heard her opinion on either matter, so just have to wait it out and hope justice for Peterson prevails. The judge ‘if the statement is accurate’ said it was her fault the case has taken so long thus far, as she sided with the Argies in looking at jurisdictions, which has created further delays. But like chess you have to think a few moves ahead and she is highly experienced (71 years or age / entire career in the US legal system)
Good to share opinion on the board , even though that is all it is. I also feel the Argies 3 month to appeal is just unethical.
Also why is the judge not making them follow the US legal framework, when listing on the NYSE they agreed to, to protect share holders. It makes a mockery of the US stock exchange rules if Judge favours Argies in the matter. What example does it set for other countries, who could be inclined to conduct similar actions.
Thank you for that TWT,
The part about Argentina law and only having 3 months to resolve any dispute after exploration / grabbing someone else's shares they fairly paid for , and giving them nothing in return is ridiculous at best, and monstrous at worst,
This part of the Argentina defence is so weak it's embarrassing, they take 5 years just to get to this stage and they expect someone else to get legal help and into a Argentina court in 3 months, surely JUDGE Preska must see that is not feasible and ridiculous, and Argentina's lawyers want the court to wait for a expert witness to explain that part of a Argentina by- Law,
So all Argentina needs to do is stall the case for over 3 months and you've lost your claim for any damages, this is why this lawsuit needed to be held in the usa, Argentina's court system is arguably very corrupt and strongly directed by It's governing
Politicians. Judge Preska needs to seriously look at that issue alone, that 3 month window for any claim to succeed could and probably would easily rule out any attempt to get justice in Argentina's courts, and the Argentina's lawyers want a judge and the American court to listen to that expert defence . unbelievable and it's just a bad stalling tactic, though our team of lawyers are best to try and not get to aggressive or the judge might shy away from them.!
ALSO burfords share price has never in 2020 factored in a win on this Petersen case, so any nervous downside should be temporary in nature, strip out the Petersen case and our share price and valuation should still be in the region of over £8 to £10+.
Cheers for that more detailed account TWT.
It reads like Hansen was too aggressive and got up the nose of Preska. Not sure why Argentinian law should be relevant, or why any dispute must be resolved within 3 months of an expropriation. With Argentine delay tactics how could successful litigation ever be so?!?
A more detailed account
Many thanks