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RNSTranslator
Where can I view all the info you provided earlier which has now been censored?
Or can you post them again so I can screenshot?
Seems someone’s keen for you not to see the past history or Mr Bramhills businesses ventures…
Well here’s one interesting article from the Sunday Times from his time at Nighthawk…
-Nighthawk Energy was so upset with internet rumours about the oil firm that it went to the High Court — but one mystery remains
Kate Walsh
Sunday August 15 2010, 1.01am, The Sunday Times
Who is the Boxer who defended Nighthawk Energy?
Nobody likes to be the victim of an anonymous whispering campaign. The bosses of Nighthawk Energy were so upset with internet bulletin boards spreading rumours about their oil firm that they went to the High Court to put a stop to it. The detractors will now be revealed, through their internet connections, paving the way for defamation claims.
While an astonishing amount has been written about Nighthawk on these shadowy forums, not all of it is bad.
One contributor known only as the Boxer has gone to great lengths to defend the company. In one bout last June, the Boxer swung a right hook at a participant named Ardmore.
“I think you are on seriously thin ice and I would not be surprised if the directors of the company were to take action against you,” wrote our pugilist, in a detailed response that included references to the annual report. Who could this supporter be?
Intriguingly David Bramhill, Nighthawk chief executive, made a number of posts under the name Owlcreek. In one he revealed a sporting past — as a professional boxer under the wing of Bert Hussey Promotions. Would the Boxer care to step out of the shadows?
Mirasol.....To strictly comply with the law RNST is correct. However as I personally have signed many agreements (I accept not those appertaining to Oil and Gas) over more than three decades of running a business I know about these matters; those who believe in some utopian view that all is Kosher and above board, have little understanding of dealing with reality.
I have seen many 'agreements' confined to the waste paper basket. It is no use suing someone for breaking an agreement if for arguments sake those accused are going Bankrupt!
No more from me on this matter.
Here's the text from a standard UK JOA - RNST is correct:-
"If any Participant shall itself wish to issue or make any public announcement or statement regarding this Agreement or the Joint Operations it shall not do so unless prior thereto it furnishes all the Participants with a copy of such announcement or statement and obtains the approval of the Joint Operating Committee provided that, notwithstanding any failure to obtain such approval, no Participant or any Affiliate of such Participant shall be prohibited from issuing or making any such public announcement or statement if it is necessary to do so in order to comply with any applicable law or the regulations of any regulatory body having jurisdiction over the Participant or its ultimate parent company.2
"legally obligated"........no need for law courts then
As part of the wall crossing process, proposed recipients must be made aware that:
? they will be given potentially inside information;
? they have obligations of confidence in respect of that information; and
? they must not deal or otherwise act on the basis of that information until the information has been cleansed or it otherwise no longer constitutes inside information.
wrong Persi.
UJO are legally obligated to release if instructed to do so.
They are obligated to share this with RBD, but they are not obligated to materially change the content of the release they have been asked to make by the Nomad or the Market to inform the market where they suspect their is a false market in the shares.
You can agree to disagree, the fact is you’re incorrect in your assumption.
RNST...well I think we'll agree to disagree then.
Rathlin who are basically 'owned' by Reabold would obviously consult the dynamic duo before any disclosures 'of significance'. If there was any matters that would harm RBD then any news released would be watered down to a point of insignificance, then agreed by both parties before put in the public domain, regardless of any clauses that there may be in the agreement. What the 'boss' wants would be overriding all else. OMO, but agreements in my experience are never 100% water tight, and that's usually for a reason.
I'll put it another way, if RBD's business was threatened they ( the Dynamic duo) would do whatever they felt was necessary to protect it.
UJO will know exactly what’s going on at WN, they will receive WNA daily operational updates.
Although I have to say if I was city type talking to UJO about participation in a placing I’d not want to subscribe only to find out the next day WN didn’t flow… or perhaps I would if I got the impression it was likely to be positive news!
clearly DB couldn’t share market sensitive data with potential investors unless they're wall crossed…
makes you wonder doesn’t it?
If he raises next week ahead of WNA it could mean the investors “sense” success, otherwise why would they invest?
Any placing will probably need a whitewash to update all shareholders and ensure placees and shareholders all have the same info… even if the order book is already full…??
Not sure about the latter, perhaps one of the city types on this BB can enlighten us on how disclosure works after the book is full (of wallcrossed placees?)
Mirasol & Persi, WN might well turn out to be poor, or not, might take a while. However it is not a large % for ujo, other asset/s will have greater effect.
Persimmon that’s not true.
If UJOs nomad (or AIM team) tell them to make a release they must (just as they almost certainly did on Friday). Doesn’t matter what Itchy and Scratchy say, and whether they agree or not. That’s a standard clause of all Joint Operating agreements where any party is listed.
They will need to share it ahead of release with RBD so they can release if needed, but that’s it…
Mirasol, when the chips are down it's dog eat dog.
If the dynamic duo already know that the West Newton play is looking poor then Uncle Dave will be the last to know. They are not stupid, and they will be well aware that UJO leaks like a sieve. Any disclosure that may be detrimental to their own upcoming placing will not countenanced.
Remember Rathlin's major share holder is RBD, and any West Newton operations update will have to be agreed by S.W and S.O first.
"Surely now that this current placing has been disclosed, he won't go through with it, "
i f he suspects that WN isn't going to be good he'll go for as much as he can as soon as he can
This happened last year. It seems apparent that big selling started late August (before consolidation of course).
August 18th - share price 0.2925
August 31st - share price 0.265
September 4th - share price 0.2375 (the day it was first posted on this bb about a £7m placing)
September 10th - share price 0.1775 (David Bramhill RNS re market speculation being correct)
September 17th placing price at 0.16 (£7m)
Surely now that this current placing has been disclosed, he won't go through with it, in order to prevent what happened last year and to protect shareholder's investments. After all, it seems only about £1.5m is for the Royalty, the rest (£3.5m) is odds and sods, if TW's figure is to be believed.