What the no vote really means !!22 Dec 2014 21:12
Is that nothing can be passed without our say so, we still hold 80% of shares thankfully, due to the strong support and stoic approach of wronged investors wanting a fair deal or some recourse to justice. The good news is with the shares suspended Jones can't perform any more Paul Daniels tricks with the shares in issue..
If by any chance the bod fulfil their empty threats of receivership we are in a strong position to realise the assets of the company, we own 80% !!! I'll repeat it again for HASO we own 80% of BHR (Five minute silence whilst he catches up !!).
So our opportunities are multiple, I'll list a few but not all as we know the idiot twins read the bb, they told me last Wednesday;
1) The company come with a fair offer.
2) One of the II's comes with a fair offer.
3) The receiver has to negotiate a deal with its shareholders. i.e.us.
4) We acquire the assets..
and, and, and...................
Not going any further as BHR will attempt to understand our activities, Its a shame they didn't spend more time focussed on what was required to get us to Tier 1 with the $80m they squandered rather than keep talking about it and promising jam tomorrow. We want jam today!!!
Haso are you still with us??
We are far from a dead duck, we hold the cards to the future (80% of the shares).
Everybody needs to read the JORC statement of January 2013. We have 86 million tons of coal, (86 MILLION TONS).. Even if it only worth $1 / ton, that's $86M, if its worth $10 / ton then that's $860M, and at the market price of $100 / ton that's $8.6Bn... Yes $8.6Bn..
Haso you still with us???
And that's why we are fighting for our rights!!!
http://www.bhrplc.com/News.aspx?ArticleId=20649394
We are not going to get into the semantics of vengeance, spite, self interests and all the other nonsense some will post, we will stay "eyes on the ball" and try and resurrect some semblance of value from this shambles.
If collectively we win fantastic!! If we lose I / we will be able to live with our consciences that at least we tried...
Footnote to all, we can win this ;+)