Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Have you written to them Bartle?
It all seemed doom and gloom on Friday, April 30. Hopefully Friday, May 21 will be a bright and sunny day for all shareholders here
They clearly have referred to these assets as strategic.
Thanks Alavib. Hopeful!
I guess for now we can keep writing to all avenues.
I guess not, just the fear inside me. For any deal to be offered, there would have been another RNS.
Then we are all done. It looks like CA have gone quiet suddenly and i have a lingering feeling this may be coz of them signing deal with company
Slift, if you have really lost money here then join us. It may not get you your money back but for once fighting against the corrupt system will give you a sense of happiness.
Adrian or Adouble, one of you suggested OGA is a scam in itself. Is it still the case after 2016 ( when it became a company) and 2021 when it was reformed? I feel good here having written so many emails. Thanks to the person who started this fight. At end of the day, the board may or may not get it's evil way, but after a long time standing for your rights makes me feel better.
But were you provided a case number? or should we now contact the solicitors who will put up all data laws not to provide the same.
Good job Adrian. If the judge postpones it then FCA will get time to investigate.
OGA is the authority and should bring justice if the board is perpetrating a oil scam.
If writing to OGA, the below are the emails please
oga.correspondence@ogauthority.co.uk,
Russell.richardson@ogauthority.co.uk,
andy.samuel@ogauthority.co.uk
Hasiba, the takeover panel and ombudsman are no longer valid.
FCA
MIUMailbox@fca.org.uk,
primary.market.integrity@fca.org.uk,
marketabusepolicy@fca.org.uk,
nikhil.rathi@fca.org.uk
OGA:-
oga.correspondence@ogauthority.co.uk,
Russell.richardson@ogauthority.co.uk,
andy.samuel@ogauthority.co.uk
and which one engaged and refused and which didn't? which one asked for resignation? If the major shareholders refused, they could have announced a rights issue any how and see the appetite from smaller shareholders? Even if they announced a rights of 0.5p they would have collected 250 million dollars at a similar deal ( 1:20)
who are the 2 major shareholders? is there a shareholder register?
Captain Swag, I have written to following email addresses
oga.correspondence@ogauthority.co.uk,
Russell.richardson@ogauthority.co.uk,
andy.samuel@ogauthority.co.uk
Requesting them to investigate if actually what Hurricane says is true. OGA is the authority in this matter and they should do justice if Hurricane is perpetrating an oil scam.
MIUMailbox@fca.org.uk
primary.market.integrity@fca.org.uk
marketabusepolicy@fca.org.uk
nikhil.rathi@fca.org.uk
Nik is the CEO and given the urgency do copy him as well.
The recent events at hurricane have left all of the shareholders shocked as we are being wiped out in the name of restructuring with no say from us on any events during last one year.
I feel the board’s action is contrary to the spirit of company act 2006. The various restructuring presentations provided by the Board in their proposal take a far less price of Brent oil than what is currently in the market. Also, the revenues from January to March 2021 have been suppressed in complete contrast to revenues in December 2020 in spite of rising oil prices. The board had promised a forward work program last year but there was nothing that was ever produced in front of shareholders. The company has 130 million dollars in cash at bank, is oil producing and the oil price has been rising constantly. The bondholder debt of 230 million dollars is still 15 months away. Yet, for only 50 million dollars they are culling all shareholders in the company. The company even refused to engage with Crystal Amber which is a big shareholder in the company. This leaves a feeling that shareholders were never important. I feel the board should have engaged with shareholders first for any refinancing since they were aware of the difficulties the company is facing since last year. The shareholders would have happily financed any proposal that would have saved the company.
Instead, a restructuring proposal has been announced on April 30 by the company which is being taken to court for rubber stamping on May 21. This has no say of shareholders in it. This is a pre-planned move. This is a clear abuse of the markets and I urge FCA to help in adjourning the court hearing on May 21 and investigate the company for its wrong doings.
why is the board making this company not investment worthy ? For them it is end game. No one is going to buy this even if they implement this sham. Or will anyone here?
CA went and loaded more after that. The April operational update shows only $21 million dollars revenue from January to March ( 3 months) while the December revenue was $19 million itself. The Brent had risen in January. Neither were shareholders informed the company is entering a lock in agreement neither about the technical default.
The board realised it can't play the rns game now and that is why this open loot. It is true we are done if the board get their way because they have played their cards also. No time to anyone. No say of shareholders. End scenarios painted for everyone to digest. Oil having vanished in thin air.