Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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It needs to go mainstream media to put some real pressure on the board and judge to make right decision or something. Jc could achieve this.
Told by whom? I’m all for it personally however I do feel our voices will fall deaf when it comes to it.
I was told this what I wrote. If you want to be heard, a letter with own proposal needs to be sent to the Clerk in court at this specific address. Nothing about other requirements. Best solution would be to extend the current loan and hedge production at current oil price. Second solution to get another loan and pay high interest. Third solution is selling producing wells at price higher than debt. Remaining balance to be kept for new drilling. Bad solution is dilution. We should not be paying from our pockets for management's decisions. Last and worst solution is assets sale to pay debt.
As I said jc is the only person with the clout to even try to save this now.
Mariog all proposals are not taken into consideration by the judge. You have to apply for a equity committee with the US trustee. If he appoints one the equity committee can propose alternate proposals. You need to submit the request with a lot of math showing value above liability. They have no interest in complaints about how management should have did things differently. If the trustee turns you down then and only then can you appeal directly to the judge. Once again your appeal better have a lot of detailed math. I have went through this in the Delaware bankruptcy court. It is a lot of hard work and we had to have legal assistance. You will also have to have stock holders willing to stay in Delaware during the trial to sit on the equity committee.
has been updated, 27,977, equates to 902 bopd or close to $2,000,000 per month!! A glance at some wells, not fully operational for month!!! But production maintained. Why oh, why are board hell bent in their stance
every good proposal counts. this doesn't fully depend on % voting right, all proposals are taken into account by the Judge.
I don’t think us smaller shareholders will have enough clout for anyone to listen. JC needs to do something if you ask me. Hopefully I’m wrong.
if you post your letter today, it will reach them before June 1st
It’s all a little to late. I think jc is the only person who can stop this now....
Last chance to send your letter of proposals to the Judge in States
Loser? Well I did sympathise with you. You lost over �250,000? You are correct - there is only one village idiot on here - you....
Yes, B1gJake, but maybe they are willing to cooperate>? ALL WE NEED is 1-2 years LOAN EXTENSION WITH CBA !!! No placings, no assets sale, just simple extension!!! If you agree with me, you must submit your proposal in writing and mail to the Clerk's Office at the address below.. United States Bankruptcy Court District of Delaware 824 Market Street 3rd Floor Wilmington, DE 19801-3577
CBA are embroiled in a libor scandal and recently hit with a massive fine. They need the money!
WTI $72 !!! Brent $80
no update on cogcc with regards to production for March...
Possible that CBA have also had enough of current board members..if they were ousted CBA may have a different view/opinion.
ALL WE NEED is 1-2 years LOAN EXTENSION WITH CBA !!! No placings, no assets sale, just simple extension!!! If you agree with me, you must submit your proposal in writing and mail to the Clerk's Office at the address below.. United States Bankruptcy Court District of Delaware 824 Market Street 3rd Floor Wilmington, DE 19801-3577
Possible that CBA have also had enough of current board members..if they were ousted CBA may have a different view/opinion.
Morgan Stanley says a shipping revolution has oil headed for $90 http://www.hl.co.uk/news/2018/5/16/morgan-stanley-says-a-shipping-revolution-has-oil-headed-for-$90?utm_med ALL WE NEED IS 1-2 years LOAN EXTENSION WITH CBA !!! No placings, no assets sale, just simple extension!!!
You see - this is what I will miss.... "what can one day" - presumably means- "what can one say"? So your loss was just over �250,000? You have my sympathies... But, of course - to you it is all "tax deductible". My thanks to you catscan/william and all the other aliases you have had over the years - you were very funny - especially when you thought you were being serious - every BB should have a village idiot - you were exceptional.
Hicks what can one day. It's all over now. You can always invest in another failure.
Selling assets generating $2m per month for $18m is a ROBBERY! The court must know about this
Ginger..yes, exactly what JC had informed me, an $$$$ offer and a rights issue to raise for funds. Board ignoring JC offer...wanted JC to pay of bank directly!! Really not looking too good now, how the hell can the board get away with what they have done. Thirteen pence to where we are to day!! In three yrs!!!!!