Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
If it means that those who offered us so very little of our original investments in the refinance robbery....sorry 'deal'.... lose out substantially, then I'm all for losing the tiny morsel of my initially very large investment to cause them pain. By the way, it's 'LOSE' not 'LOOSE'. LOOSE is what Afren have been with their (our) money whereas 'LOSE' is what Shareholders were always going to do in AFREN voting yes or no. It was always matter of principal for most here and hopefully in time, what they haave done to us will come back to haunt them... who think they have got away with it. Life often has a strange way of seeing that offenders get their comeuppance.
With all the expert financial men at Afren's disposal, along with the expertise they had in the production field, does anyone question that shareholders have been totally stitched up here? Whatever happens, those who ran this company into the ground and those that helped them do it are no better than destructive thieves.....worse in fact since they parade under the 'legal banner' and used that expertise at hand to do their dirty work instead of maintaining the company, 'trimming the fat' where needed and making sure that production was efficient and steady. (I mean, what was all that water nonsense?) All in my own opinion of course and not meant to sway anyone's else's opinion since I have no proof. After all, these people could be nice really and may have tried hard really hard for us shareholders without us knowing couldn't they? Alan could have looked at us very much the same way as he does his own 7 children and fought tooth and nail to get us all a better deal. It just didn't pan out as well as he had hoped. That's possible as well isn't it?
'By me saying those who could jump in and take a quick profit haha! These are the ones, crying the most on this site' How on earth would you be able to know the above statement Little winkle? I see you probably have more than one identity hence you've ticked your posts up, all of them! It's always better to leave a couple I would think. It looks more convincing. I know I shouldn't have pulled you up on insulting the posters here as it was always going to prompt your sort into insulting, swearing and the like... and you didn't disappoint ..but its not good for the BB so I'll refrain any further dialogue and ignore your wittering's from now on.
Bless you little willy. Let me guess, under 30 years of age.?. a little hot under the collar there? Your last post really was a good one. Keep em coming :)
Little willy - another 2 bit poster emerging from the undergrowth to put in its own 5 eggs...needlessly and without knowledge.. above what anyone already knows.. I'm mean to say....'those who thought they could jump in late and take a quick profit HaHa!!!' what a 2ool!
Always good to check DTM as things stay on there when they been deleted from iii and lse. I see he gave Paul Butterfields address at Goldman Sachs which was probably the reason.
check here https://www.discussthemarket.com/company/afr/stream/1/
I've no wish to continue your name calling games but suffice to say, your first post in months here entitled 'The End' which was similar to the RRL post which, if you can pardon my irritation, was a little insensitive and without certain knowledge of what you were saying. The fact that you were wrong in RRL should, I would have thought, made you think twice before adding your worldly wise post here. The pressure on corruption is ratcheting up daily (SOMA LIBOR) and there is plenty to be optimistic about, even if it only means that these white collar thieves are at the very least being targeted by the authorities. People who just stand by and say 'oh well, its all over' will never help change the system. The system that everyone knows is riddled with corruption. That's why it's in the news....and maximum sentences are being handed out..
having seen your comments at RRL bb on 28th April, I can only conclude that you are a quitter who posts seldomly and negatively, but you were wrong there at RRL so hardly someone to listen to here.
Does anyone get the feeling that with SOMA and Libor headlining Newsnight and the main news tonight, along with the maximum jail sentence meted out to this crook Haynes, that this starts a precedent which will pave way for a string of new investigations and prosecutions as more weight is brought to bare by increasing complaints of suffering investors and more vigilant investigators who have previously been reluctant to tackle these ruthless white collar criminals. These people that hide in plain view and who have for so long seemed to operate above the law by protecting and insuring themselves with expert professional advice making their deals difficult and costly to detect...all to the cost of so many helpless pensioners and private investors. The easy ones to rob. The finance industry and stock market both desperately need to be cleaned up. Afren which in my opinion was until only a few months back, sailing quietly into carefully managed oblivion is now set to gather more attention in the coming days putting it into the topical spotlight. No smoke, no fire and there's a awful lot of smoke here at Afren. Hopefully SOMA has just done us all a very big favour. Nite nite all
Hi buddy, Thanks for the good wishes and good to see some positive info over at GKP for you. All Gkpers deserve a good result after what they've been through. I'm more than hopeful that someone will get exposed for what's happened here but as far as my own investment......we'll see Atb
I knew you meant that YC so I thought I'd dig out his 'about' file. .
Afren-Time for the Feds? On Friday Afren finally gave up the ghost and called in the administrators after it failed to get more funds from the Bond Holders. Although the situation received a handful of vague comments in the weekend press I am astonished that it appears that no investigative journalist has taken up this alleged breach of management responsibility and attempted to expose what might be a huge can of worms. I am aware that some shareholders are attempting to take action and they should be encouraged, as so far I have also not seen activity from the appropriate authorities who should be considering launching a criminal investigation going back some way. So many questions appear to have been raised it is difficult to cover up, such as whether directors ‘ignored’ a perfectly reasonable bid for the company, the status of companies within and under the Group umbrella and the transfer of assets therein. Time for action? - See more at: http://www.malcysblog.com/#sthash.N0jbo9CS.dpuf
About Malcy Malcolm has over 30 years’ experience in the Oil & Gas sector and is a widely used media source. He often appears in print and on screen, and also writes an acclaimed daily blog read by much of the resources industry as well as investors both institutional and retail. Malcolm is a Founding Partner of HydroCarbon Capital, which provides independent advisory services to the Oil and Gas sector. He is a Director of the Maven Income and Growth VCT 4 PLC, a venture capital trust listed on the Premium segment of the main market of the London Stock Exchange. He started his career at Wood Mackenzie in 1979. He was an inaugural member of the No 1 Extel rated James Capel Oil & Gas team and also headed up corporate broking, acting for the Government in sales of British Gas, Britoil and other utilities. Subsequently he became Head of Equities and main board Director at Williams de Broe before moving to Teather & Greenwood. Following that, he ran his own consultancy for several years, acting for a number of quoted and private companies as well as being a board member and advisor. He has been a Director at Noble and then Westhouse Securities and has extensive contacts in the Oil & Gas sector globally. More recently Malcolm has been the lead advisor to an HSBC Zurich trust on oil, gas and energy investments as well as working with the oil team at VSA Capital. - See more at: http://www.malcysblog.com/about/#sthash.zMtUfO6d.dpuf
TW, touch a nerve did I? Sorry but I wasn't falling for the 'gentlemanly, respectful' nonsense anymore, that has become synonymous with the 'fruitless hidden negotiations' held between ASOG and AL. Clearly it was your duty to show a little more alarm, less respect and dare I say the word 'outrage' at the bombshell of ADMINISTRATION being rolled out to us one recent morning in the form of a Corporate Update by your own preferred person of choice for AFREN CEO, Mr Alan 'you should have taken 9%' Linn. Especially after Tony announced he had set up another meeting with Alan Linn not 24 hours before the dreaded Rns. Or was I dreaming that? You have to admit though, ASOG (both you and Tony) going on holiday just moments before AFREN going into administration was announced....... was an incredible coincidence. It's almost as if Alan knew you were both going :) All the best with the remainder of your holiday. Andy
Hi TW, I just tried to read your post and was wondering what you were trying to say but I think I get the gist. Just for the record, I am not the legal team, just a humble PI ('private investor'...if that's what you could call someone who put money into the AFREN black hole!) who has embraces and supports ALAG's actions, especially after being so very disappointed with the comments and actions of the ASOG team. Or the lack of them if you will.. Malcy's comments seemed quite strong earlier. Do you think that Afren might go after him. He is well respected in the industry and has a good following. Do you think that there could be any merit to his post? I am still awaiting the details on the discussions that were had in our/my (Pi's) names with Alan Linn and ASOG by the way. Especially as it is all irrelevant according to Pete B (your team I presume?) I know that you should be fairly irate by now, at what has happened re administration, but it doesn't really come across in your posting. In fact I think it's fair to say that from a personal point of view, you have been quite disappointing. ASOG filled me with hope when I joined them. I'll leave everyone to make their own judgement on whether that was misplaced hope or not.... Now then, if you've nothing better to do have a lovely afternoon
Lets see shall we. I'm sure not many would dispute that Afren have stitched up their own shareholders. Lets see if we can identify some of those threads and what it will mean for the person/s who was holding the needle. Afren legal action yahoo com is now your only option for any kind of justice here.
Hi Singy, ASOG have achieved absolutely nothing.... All the while they had been the portal for many distraught shareholders to vent their own frustration, who themselves had mistakenly placed faith in the abilities of ASOG to negotiate for them. If you think about it, It had the effect of containing the unhappy shareholders who thought that their battle was being ably fought by this 'action group' when it actually wasn't. So effectively no one would take up the mantle themselves as it was seemingly unnecessary. Afren Legal Action of course saw it differently. They saw that 'pussyfooting' around with tea and biscuit gentlemanly conversations was futile. Do you also remember the information that ASOG gave us, the content of the meetings? They didn't tell us anything of what went on and still haven't!!!!. Why not? Why are they not up in arms now?. Why have they all gone quiet apart from Peter B, who seemingly has dropped a few dozen IQ and developed swear-itus over night. SOMA are currently being investigated. Don't be alarmed to see Afren undergoing a similar process before this is all over. Assets still have to change hands, those benefiting from this will become transparent. ALAG will not rest. Afren legal action yahoo com is now your only option for any kind of justice here.
ASOG have proved themselves beyond, doubt in my mind, to not only being as much use as a 'chocolate fireguard', but also they have, in my opinion, conspired against and betrayed shareholders of Afren. Pete B's posts last night were like those of argumentative and foul mouthed child. Someone tell me he doesn't represent ASOG. MEANWHILE, since the Rns, Tony boy (ynot) has taken a holiday, good timing that, incredible coincidence. So it's now Left up to Afren Legal Action team, to actually do something other than share copious amounts of tea and biscuits with the man that seems to have completely ignored all shareholders since day one. To think, we were close to his heart.
Gosh you've been busy today Pete. How Many posts...lots of work to do, getting the message across? Nite nite