Member Info for 1onic

Obviously I haven't done any research but did you manage to dig up any reason for the wild rise or is it really just cyclical speculation

to my friends over at frr this afternoon.

Lol. I did see it go. Things just aren't bouncing much. Maybe before that would have come back to the 12 on the daily at 21.00 or so but all November's drop has played out on the 4hr and was rejected shy of 19.00

Looks awfully like it's going lower. Good exit.

390dd last major s/r. (note to self; need to make a few new ta things up to baffle L)

Is this trading proper tomorrow, if so I'll get back to you on the T2, need to watch it move around a bit.

Mole recd

https://ibb.co/cgBCAV

Ok here goes and may it not be used against me in evidence. It held on the daily 12onic ma but did dip below a bit, strike 1, 20dma is correspondingly nicely with support at 39odd, and the MACD and RSI look at an important point as in MACD rolling over quite dramatically and RSI at 58 at or near value for last bounce. On balance (ahem) your target one looks ok but I think you'll see a retest of the 4000 area in the next week.

And breathe

Apologies, that wasn't the clearest post ever, the list is how he failed in his duties but they constitute pretty much an accusation of fraud which is a criminal matter, ok.

JB, imo there's an important distinction to be made here as it is a civil case. Hope has not been summoned to answer for the attempt to 'deprive the Company of assets for his own benefit and/or for the benefit of Outrider Master Fund, L.P., failing to act in the best interests of the Company and its shareholders, and failing to exercise independent judgement. The Action includes Outrider Master Fund, L.P. for conspiring with Mr Hope in relation to the above matters' but solely in the matter of failure in his fiduciary duties in relation to the above accusations, so there appears to be no challenge to the legality of any attempt at seizing assets (of which we know nothing as Outrider don't RNS obviously).

As we know it is a civil case, lower burden of proof, however the writ appears to stop just short of accusing the named of fraud in which case when are the SEC going to get involved.

The point being, and it may be an obvious one, success in the civil case may trigger further criminal ramifications for the named parties.

Having said ALL that, I still think it is a play for time

Is it possible outrider hold title to frontera assets (tin hat at ready)

Would have been part of loan deal, hard to see how any director thus appointed would not be involved in conflicts of interest under distressed (not frr) conditions.

Fair snuff as we have no evidence of any outrider action. Pain in the butt to be in the dark over the legal filings, hope the poster who was trying to access the Cayman records succeeds, should be interesting.

In the words of the great Fire, 'don't be a prick', it's entirely material to your 'investment' old chap

Outrider claimed default and, we are led to believe, attempted to seize assets, causing frr to get an injunction, basically a pause button, then this case appears.

As far as the outrider saga goes I would have thought they (outrider) instigated this but I'm happy to be corrected.

Goodness knows there are murky depths to finance I'm not sure I really want to know about but the second statement does seem to verge on moon landing territory.

Not necessarily, filing a spurious, or valid for that matter, claim against an individual or organisation would in this case be the closest frontera can come to counter suing the claim against them. It strikes me as the usual legal, tie em up for as long as you can, manoeuvre so regardless of the injunction being sustained (or not) there is an associated case which needs to be resolved before the seizure can (or can't) go ahead.

I'm no expert on Cayman law although I believe it is similar to English Law on which I am no expert either.

Some chatter along the lines of late bull market commodity speculation and really not a great deal to do with classical supply and demand theory ????

Haha, not antagonising anyone anywhere and certainly not on SOU.

It's certainly in poor taste but let's not get carried away with barrack-room lawyering.

Unfortunate comment, rather unnecessary and below you.

I think you're right within the narrow confines of pi popular distressed oilies because there's 'always' another drill.

Isn't that raven beautiful