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Did anyone find the answer of how to vote if you have a Barclays investor account?
"revenue per month?"
More than it was last Month with the ever rising PoO. Reductions in output from 'Big Oil' will support this going forward the BOD and Bond Holders know this all too well, this will be explained to the Judge soon who I hope we then see the lack of a need to rush through these proposals given the Bond maturity date.
"Makes you cringe to see HUR sp lingering around 1p…."
Makes me very angry Hasiba, we shouldn't be in this position.
1/ $70 oil price
2/ Forward work program planned (with Bond Holders)
3/ Cash for equity swap (or rather give away) on a purportedly worthless asset.
The whole sorry saga stinks!
The BOD are getting really excited at the prospect of giving HUR away to the Bond Holders.
Oh how I hope their plan goes t*ts up!
"Many brokers by default go with company resolutions."
British - That's my understanding of this situation too, that's why I posted as any votes NOT cast will be claimed by the Company (HUR) for their resolution which is worrying given the numbers.
So if people don't vote because of the effort to contact Barclays for example, can the Company (HUR) 'claim' your vote as then being in favour of the proposals?
" I thought there would be a corporate action sent via my Barclays market master account"
Surely a bit worrying that investors with shares held in a Barclay nominee account are having to make their own enquiries and phone calls to vote on this very important matter, especially as I would imagine a great number of HUR shares are held with Barclays with the strong possibility of votes not being cast against.
And another thing, the AM renewal will be sorted as soon as the ink dries on this sordid little give away deal, how else are the new owners going to 11k oil per day off loaded?
Oh and can someone tell me why this 'solution' has to rushed through now when the Bonds aren't due until 2022.
Why can't we carry on as we are until much nearer the redemption date and then reappraise the situation, especially given the long term forecasts for the PoO.
The fact that Bond Holders are accepting 95% of a 'Dud' company but also have a forward work program says it all really!
noelpbz - So no RNS and has one been lodged awaiting release?
I'm sorry but I can't see this BOD doing anything to help share holders in this current situation (allowing a CA NED on board) unless it's a fait accompli.
I'm really tee'd off with the way this has been set up and is playing out, there should have been much more share holder engagement and a long time ago and a much better plan / outcome could have been negotiated, absolutely shocking.
Can somewhere point me via a link to where there has been an official RNS lodged for HUR please.
"given the bondholders are about to acquire 95% of the company you don't believe that information is pertinent?"
Highly I'd say. Knowing would answer a lot of serious questions.
We should kept Trice, with 26M shares skin in the game this wouldn't have happened!
Adoubleuk - I was thinking of a Bond Holder connection with a current HUR share holder.
Just who these Bond Holders are and what connections they have if any to current share holders.
"Anyone remember the exact words ?"
" And you're giving that to Bond Holder too!" Probably!
Adoubleuk - Testing of the Lincoln Crestal well recorded a maximum stable flowrate of 9,800 stock tank barrels of oil per day ("stb/d") with the use of electrical submersible pumps ("ESPs"). The well flowed at an average rate of 4,682 stb/d under natural conditions. No formation water was produced.
Did the Judge mention Lincoln at all?