Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Does Anyone Else have a Feeling that CA are taking their Percentage to over 60% and intending on Ousting The BOD ?
Unless I Have my Maths Wrong it Would cost them about £5 Million Quid to do So, Something is Holding the Price at 0.80p .
Good Money after bad, But I am sure they Know enough,
The proposed Finance Plan is still a Proposition is it not ?
So Majority Share Holders can Place in a New BOD and Make the Bond Holders wait until June 2022 !!
Not saying this is Happening and Can Happen, But could those with more expertise than I, say if it can Happen ????
"Does Anyone Else have a Feeling that CA are taking their Percentage to over 60% and intending on Ousting The BOD ?"
NO
"Unless I Have my Maths Wrong it Would cost them about £5 Million Quid to do So, Something is Holding the Price at 0.80p ."
Yes they could buy up to 60% for £5mm and then be forced to purchase the rest at their annual average purchase cost say 3p each share. Then they'd have 100% of the company. They could remove the Board and put in their own folks and withdraw the bondholder deal and so then be forced to wind down the company and repay ALL the proceeds to the Bondholders thus leaving nothing for the shareholders (themselves)... great plan... did you call and suggest this to CA, maybe they haven't thought of it.
Transistor....Boulder asked for views from those with more expertise than himself. That excludes you
Capt Sensible, the Sage of all things Hurricane...
I'll stop posting if you stop talking nonsense...
RNS - i have no problems with your posts. it is public forum where people can chew the fact / sound off etc etc. i really dont take comments seriously or get offended by written comments from people with nicknames. i am on here to hear other views, learn something and spout my ramblings
the timeline was actually very creative and funny. you may well be 100% right and myself talking 100% gibberish. i can live with that.
But RNS/Mcadder/Slift, what are your intentions? what do you want us to do? We have already lost everything. You certainly aren't here to give us any benefit. All you want is we sell our remaining shares to the market vultures so that their work gets easier.
Apple my own intention is only to remind folks the implications of this restructuring plan and the reality of what it will mean for shareholders if it's approved.
Under the legislation of the CIGA and The Companies Act I'm struggling to see how it can be stopped.
I'm also struggling to see given the very low reserves and high debt what anyone could do as an alternative to get Hur out of this position.
Even if the bod could be ousted the same problems of dealing with the bondholders, the terms and conditions set in the event of a technical default which is what this will be will still be present so technically the company is trading while insolvent. They are in a weak position as far as a restructuring plan goes.
So I'm just here to provide the reality of the current situation. Whether anyone decides to sell or not is up to them
Lol, I don't think I've ever told anyone to buy or sell here.
Buy all you want, or sell a you want. I'm not stopping you. Makes no difference to me.
I'm just providing my opinions whilst following the story. Take it or leave. Free for all.
why give an opinion at all if you don't have any stake here?
Sorry Capt Swag non of it was aimed at you was directed at SENSEman.
haha...no worries. but please remember i am the only captain on this board!
Lovely to see am getting under Transistors skin...lovely
Applecrumble,
Do I need to have a stake to have an opinion?
I think I have the right to provide my opinion whereever I want..
I am following the story of HUR and in the process, I have learned a lot about restructure, finance, etc which will help me make wise investment decisions in the future.
Transistor - descendant of Lord Haw Haw - the WW2 wotsit paid to transmit all day long via radio transmitter that black is white, night is day etc
what beats me is that these blokes have no skin in the game yet they are wasting time here giving their intentions and opinions, however well meaning that may be. Yes, we know we are done if this deal goes through but we just cant sell at this ludicrous pricing anyways.
ok, i give that to you. I also may not invest in aim casino again
slift - i am with you. i lost a lot of money. fair enough. my responsibility i pressed the button. however the real crime would be not to learn anything from the last 5 /6 years of investment in hur
And i don't understand why even bondholders will invest in the company given the end scenario painted by the company in 2024. Anthony Maris just wants his job
Bondholders would rather not be in the equity. However they lent money for the BoD to gamble with and they simply want their money back, or at least as much of it as they can. Holding the equity simply increases the chance of maximising their return or minimising their loss..I’d be surprised to see most of the BoD being retained once the bondholders own 95% of the shares. Most if not all the NEDs will be ejected.. Maris maybe kept, but on a very short leash from the new Board.
Crumbly - because it's a SCAM - cooked up between bondholders & the BoD. The picture painted is a SCAM. The Bod presentation and the CPR are fairy tales. Comprende?
And Transmitter, Slitty and MeBladder are wh**** paid to ramp the forum arguing it's not a scam, but fair, reasonable and the only option..Comprende?
Yes, it is a scam for sure. But unfortunately most of the shareholders will be gone soon. Shorts are also opening on this share. I will just log off and keep the lot to myself. At least won't make a decision based on arguments here.
Sergeant Sensible: You do seem rather irritated. If its a scam as you claim, won't the Judge simply say its a scam and this is a perfectly viable company... or do you think the Judge is probably part of the conspiracy to steal your investment too... ?
Your failure to believe in the opinions and advice by ERCE, PWC , Advisors and NOMAD doesn't make it a scam, it just makes you unable to accept the reality of the situation.
RNSTranslator, your clearly paid to protect the boards and Kerogens interests, while refusing criticism of the board and there dreadful attempted fraud. Just filter!
It was a great idea and it looked like it was working - but Tice got the geology wrong, badly wrong, and instead of taking it slowly went crazy to put the field on production as fast as possible and loaded up with a lot of debt.......... we're now reaping the results.