Member Info for alto1

Basil Al Jarah, Unaoil’s former partner in Iraq, pleaded guilty on 15 July 2019 to five offences of conspiracy to give corrupt payments in connection with the SFO’s investigation into Unaoil. The offences relate to the award of contracts to supply and install single point moorings and oil pipelines in southern Iraq. A court order

down is ok accumulate more and hold you will be rewarded in the end.

asfari now holds 18.83% it's the biggest holding by far of all the top shareholders he ever has money to burn or he has absolutely no fear of sfo and feels pfc is in good shape? i am going to plumped for the latter.

wg is up because it had a good set of earning plus what sunk it in the first place was the fact that a broker said the dividend was under pressure there was no sign of that in earnings so it rallied and probably will continue slight smile.pfc on the other hand went up on rumour the earning were not bad but it is never good when you have been suspended/banned from earning 5% of your income.that being said it looks like this could resolved sitting around a table.plus if sfo drop charges pfc will fly as witnessed if it moves 15% on rumour then it could do 30% on fact. and also if we was to get a contract in Iraq that would mean we a are back in favor and sp will rise again. all if and buts risky to be in risky to be out you pays your money you takes your chances.

this was a caption from original rns regarding the ban i wonder if this helped push the sp up? Existing contracts were not affected and ongoing talks might yield a resolution of the issue within days, the Iraqi oil company chief said. Asked how long the suspension had been in place, he said about two months.

Remember a shrewd defence team can use the law of disclosure to gain access to unused material – material gathered by the SFO which does not support its case. Only by being represented by solicitors with experience and expertise in this field can over-zealous SFO investigators be stopped in their tracks.Optimising the disclosure regime to the defence’s advantage may, alongside proper representations and/or arguments, lead to the criminal investigation remaining just that – an investigation, and not a charge. If the defence can use its available resources and expertise to cast doubt on the validity of the case, it may be that the SFO abandons it due to the lack of a realistic prospect of conviction.But even if a case does go to trial, the challenges that were voiced pre-trial can still be used in litigation to, once again, cast doubt on the SFO’s assumptions of guilt. The calling of expert witnesses, if used correctly, can also be a tactic that damages the SFO’s case.

i think it would not be a good move to not use defense counsel against sfo one of there key rolls is to gain access to unseen evidence and to undermine the case against you so i would say you need them to obtain the strength of the case against you and indeed give you guidance to weather there is the possibility of a dPA

pockerchips thanks i was thinking that the main piece of rumour was that the arrest warrants were rescinded. but i guess i made the mistake of assuming they were under caution for the warrants to be executed in the first place.

the good news is that when i spoke to sfo media he actually said are you referring to the article in the guardian. this means they are fully aware of whats being written outside of there walls. this if anything else could help speed up stuff? and in fact the article done me a favor as when i discovered the unaoil case is still live i sold half my holding so my confusion actually saved me some money and allows me to buy back cheaper that's a first . and can someone help me here i still don't get why the droped charges of Ata Ahsani and family would push up pfc's sp so much the unaoil case is still live and pfc is tied to that case. sorry if this is a dumb question but i just don't see the overly positive side of this.

on a plus side if that very speculative bit of rumour can shift the share 15% who knows were sp could go if all accusations are droped.

oh well worth the call just to find out the sfo are not going to tell you anything i am on a different page i think thanks mbuk

ok so on Thursday i rung sfo media services call goes like this Q hi can i ask if the investigation into unaoil has been dropped for the propose of transparency i am an investor in petrofac but i don't wish to discuss them at all as i realize this is an ongoing investigation ( A) are you referring to the guardian article (A)yes (A) i cannot discuss an ongoing case sorry sir (Q)so can you tell me this if it was not an ongoing case into unaoil could you answer my questions (A) yes probably because it would be common knowledge on our website. i can ask our legal team if they can help you further and give you a call back would you like me to do this (A)yes please no call ever come. make of it what you will i no what i worked out guardian are full of shit.

yes but that is a bit different from the rumor that he they were acquitted?

it is saying former exec unaoil pleaded not guilty in court on tueday?

this is conflicting if one of has a business email can you sign up and share content thanks. https://www.law360.com/articles/1172555/ex-unaoil-exec-pleads-not-guilty-to-sfo-bribery-charges

don't shoot me down buy i always try to keep a balanced view it could just be that the 3 guys starting singing like canaries and stitched everyone up.

i picked that up in some of my research some times i wish i didn't read the stuff i do on how crooked the markets are. the plus side is it helps me avoid some of the worst ie aim stocks on the down side it can instill fear in any market it's a fine balance

arnold a bit of trivia for you in the 1950's a notorious gangster called lucky luciano was invited to the new your stock exchange. he asked what certain people did there after being told what they did he replied i joined the wrong mob.

pfc was the only short out of 14 positions that ako reduced yesterday so i guess we need to keep an eye on them the sad thing is 24 hours pass before we get to no.

mark the funny thing is that i am sure from memory that if you do a map grid ako London office and the sfo office are close enough to share the same costa coffee shop and there's plenty of chin wagging in them places.