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senseman,
People should really be writing to bondholders and ask them to accept the deal for shareholders sake..
Maybe you should do it rather than flaming posters here?
Being salty and flaming here isn't going to do anything regarding the insolvency of this company lol.
Your loss, not mine.
5% is better than 0%.
Don’t worry AK
“It's their reputation at stake, not mine”
Your reputation is intact. As a ******* ********
TrannyMan - not at all, sweetheart. Am just glad to be occupying your mind and time so much. The 3 stooges sure have had a hard day..)
Sense
Perhaps I just don’t want you to try and take others down with you on your own class warrior form of kamikaze immortalisation... “I lost it all but I went down with honour”
Very Admirable, but this isn’t Jonestown...
it's a scam, Slitty boy - stating you agree with the scam and asking peeps to write a thesis disproving it is your 3 stooge standard tactic. you aint a man, me old china, you're a thing, a tired old record, a waste of oxygen, ze vart on ze *ss of humanity
aduk
sometimes it helps for someone to state the obvious - and clothes, social class etc all fall away. credit and my thanks to the guy - salute - stands up to counted and has balls. Too many people aint prepared to get down and dirty and fight the scam scumbags on their own terms
adoubleuk,
Complaining about the situation isn't going to help.
Can you provide an alternative?
The alternative for HUR (other than this restructure) would have been an RNS along the lines of:
"As the company has failed to secure funding for a FWP, the company will now produce until 4th June 2022, and then wind down operations.
The company cannot guarantee to pay back the convertible bond and therefore will declare bankruptcy following decomissioning of the assets.
The company cannot guarantee that there will be any value left for shareholders following liquidation and therefore we will be seeking to delist from the AIM market early next year."
What would have been the SP impact I wonder.
From 5% ownership, to 0% (in 12 months time).
Aduk
You still seem reluctant to put their names down and suggest they’re bent or incompetent...‘frit?
RNStranslator,
"Go on go for the double .. call them both out...!!"
Why not?
And if I get any communication from either of those two outfits, or anyone representing them, the answer will be the same. "Go f*** yourselves ", putting the ball squarely back into their own court.
It's their reputation at stake, not mine.
Adoublechin....takes on the role of Inspector Clouseau
Translator Transmitter Lord Haw Haw - you are certainly one lowlife, mannerless, ignorant, condescending example of human detritus, Classic symptom of deviant egocentric narcissism. Hang thy head in shame
RNS,
"The auditor is Deloittes and the cash flow scenarios were done and signed off by PwC."
Both companies with lovely squeaky-clean reputations. Bring 'em on.
RNS,
"So the auditor who is currently preparing the annual report is bent...(or incompetent?)
Would you be prepared to mention them by name and repeat that accusation? I dare you! "
Were any of us yet provided with the number and name of the upcoming court-case, yes I would, and not make an 'accusation', but would most certainly ask for their credentials and on what evidence they base their own suppositions. Expecting that any judge would accept that those were perfectly reasonable questions to be answered.
Game on.
Aduk
To save you time looking them up.
The auditor is Deloittes and the cash flow scenarios were done and signed off by PwC...(oh and a whole bunch of lawyers, they might come in helpful later!)
Go on go for the double .. call them both out...!!
Aduk
So the auditor who is currently preparing the annual report is bent...(or incompetent?)
Would you be prepared to mention them by name and repeat that accusation? I dare you!
Lmfao.
RNStranslator,
"Aduk you still don’t get it:
"That’s because you don’t understand the rules"
Oh yes I do. And 'foreward-looking' estimates by bondholders based on 'negative estimates' proposed (with no real proof, other than by doing nothing to improve the situation) is a SCAM.
"Directors of listed companies incorporated in the UK are required by Listing Rule 9.8.6R (3) to include in their annual financial report a statement that the business is a going concern, together with supporting assurances or qualifications as necessary, that has been prepared in accordance with this Guidance."
Quite.
The auditor is required to make its own assessment of the directors’ conclusion on going concern. If the auditor concludes that a material uncertainty exists "
Can we see an 'auditor's report', please?
Not a bent one.
Gold,
"Post on social media, tag news agency to cover scam story"
Unfortunately, although I agree with the message, and have now seen a number of such videos from the same person (dunno who he is) I feel he's not a great representative (clothing, general demeanour, language) of those who have a genuine beef against the company as it now stands. Some people have lost some serious money. Not a laughing matter.
Aduk you still don’t get it:
“ in fact, although I'm not a lawyer, I'm not aware of any precedent for a company going before a court before pleading that they may become bankrupt in 15 months' time., but that the BoD may continue drawing salary in the meantime.”
That’s because you don’t understand the rules, and you really don’t want to...going concern is a look into the “foreseeable future” to see if the company is solvent... doesn’t really matter what the BoD think, the auditor has final say. At that point you need to negotiate with your lenders...if they won’t play ball you require a controlled wind down , if they will you go to court to get approval for the arrangement...shareholders have no say because the alternative is a wind down with, in this case no return to shareholders. You may want to go down with the ship as a matter of principle, fighting until the end, in a futile bit of gesture politics, however the courts won’t let you do that for the sake of the rest of the shareholders who unfortunately hit caught up in the mother of all clusterfks.
. Directors of listed companies incorporated in the UK are required by Listing Rule 9.8.6R (3) to include in their annual financial report a statement that the business is a going concern, together with supporting assurances or qualifications as necessary, that has been prepared in accordance with this Guidance.
The auditor is required to make its own assessment of the directors’ conclusion on going concern. If the auditor concludes that a material uncertainty exists related to events or conditions that, individually or collectively, may cast significant doubt on the entity’s ability to continue as a going concern, it is required to modify the auditor’s report.
Post on social media, tag news agency to cover scam story
https://youtu.be/h1JH_nd-ujM
Found this one, lets do what all can do to fight back
mcadder,
"Sorry I didn't quite catch that amongst all your diatribe....is that you've managed to prove your alleged claim of a scam involving Hur or not?"
To whom is that questione posed? You don't make it clear. If to me, I'll respond, but it will be lenghy...
Wonderful, Aduk, wonderful. One cannot beat transparent honesty. The stooges can't spell principle, let alone understand the concept. They are not men. They are things. The metaphorical waste of space. 'The secret of life is to endure'. Imagine the wailing and gnashing of teeth we are causing the deviant mind control freak. Lovely....
RNStranslator,
"Nope, no wailing and gnashing, just wondering how you can be bothered to continue your somewhat cringeworthy diatribe... nothing but the same childish words, no reasoned discussion. "
OK. You've asked for it.
Once upon a time, there was another website. Inhabited by some HUR investors. We had photos posted, and so on, not just of rigs, buoys, FPSO's and so on, but also occasionally of ourselves.
One time, there was some 'chat discussion' about the colour of hardhats, and what the colours might signify if 'in the field'.
The next day, you'd photoshopped a different colour onto your hardhat.
Memory is long...
Sorry I didn't quite catch that amongst all your diatribe....is that you've managed to prove your alleged claim of a scam involving Hur or not?
Simple question.
If you refuse to answer despite the fact you allege it then I take it we can just say your full of BS and hot air - much like the content of your posts which are exactly that.
You're a terrible liar SlackymeBladder. You're just peed off that you can't claim, after being humiliated, the pyrrhic victory of having the last word.
So do continue. Am happy to continue embarrassing you.