Member Info for bighammer

I spoke to my son last night who is in his 3rd year of law at uni specializing in commercial law and arbitration , and he told me that if both sides submit documents then the judge has to give a verdict on that , but before that both sides could go to arbitration and go to a 3rd party for mediation on a result . Now going on the first application from frr , Hope really does not have that much to lose , ie kicked of the board if he loses, gets the company if he wins. With the second application of a $56m law suit buts a whole new perspective on it , if he wins he gets the company but if he loses he gets kicked off the board AND gets hit with $56m of costs , and then how many of his lawyers would gaurentee him a 100% success of winning. So it could well be both sides have agreed to mediation possibly with Hope coming out of it a little bit better off but with the company and zz still running and in charge . The fly in the ointment is the nomad but with a deal sorted then a new nomad could be sorted, just speculation on my part as the same with all the others.

From the e mails I have read Hope was asked along with other bod members to go and find a good financing deal from the city but the only deal he came up with was worse than ones ha had blocked , so not complying with his mandate, zz should never have let it get so far as it has so also at fault .
For me the judge could kick them both up the backside , so for them both to save face I see an ooc settlement the most likely outcome but as I am not a lawyer or judge I like many here have no idea what the outcome will be or when so just sitting and waiting like everyone else, happy new near to all holders and to all shorters, Andrex is on offer at Aldi s for the next 2 days.

I wonder if these will be submitted as this would go a little way as to what was proposed re financing and who voted either way and also who was present, it seems that Hope was in the wrong re funding but also zaza was doing his besat to keep the company running , legally is questionably the way hope is looking at it . It seems there is more paperwork missing to fill the gaps and hopefully frr have this to further back up their statements.

Seems Hope and Outrider had their fingers in Madagascar oil when funding was needed but refused , now de listed????. Its down to the judge to decide.

Having just read some of the e mails with a jist of what has been going on, it is as clear as day that Hope had every intention of faulting on the fundraising by not making any effort as was requested of the bod to assist in finding funding in London and by refusing to accept private loans by zz, the big question is going to be did he do it legally as the correct contracts were either not in place or some other excuse . It seems that it is going to rely on the judge as to whether he goes down the legality route or sees through all the smokescreen hope has been putting up and can see who will gain, Hope and his company by the back door or the shareholders lose as not the proper wey to carry things out, 50 / 50 call on this one for me , hopefully common sence will prevail .

I will admit to not being an expert or that knowleadgable on farn but common sense tells me that if they now know why the trials did nt produce the results they expected due to specific reasons , then any new trials to be carried out with certain criteria put in then the sp will rise a good % above my 78p average , not up to the £8 plus as it was previously but up 40% is just over a quid in the next 12 months is a complete no brainer .

I can understand why people could be getting impatient as all we seem to get are positive rns s and we still don't seem to be making much head way with the sp . For me I see this as a nice boring share that is only going one way over a period of time . If you look at the sp a year ago it was 1.61, and now its 3.8 which in anyones books is a nice yearly profit. As far as I know we don't have any figures as to how much oil we are sitting on so the market will not give us what some feel is a true valuation , BUT, we have a steady stream of revenue with more wells planned which if successful will just keep increasing revenue and Egypt in the background which has oil numbers which could have a value attatched , and once the squabbling over the court case is completed will increase value. If in 12 months time we have matched the last 12 months increase we would be sitting at 8p-10p.

Having topped up this week to add to my buy in last November I am now 34% up in total . If I had left it in the bank it would take me approx. 17 years to make that , and have to pay tax on my profits , so yes I am expecting a lot more before Christmas but I am more than happy. Just to add to the patience required , I am in another share drilling in usa and have ben in that one for over 7 years , we have just drilled our 2nd well and are now waiting for testing to begin . Going on the information released so far commercial flows look positive which could re rate it massively. A good company and patience gets its rewards.

We all know that the calendar is not smething he carries around with him but he will be looking to try and keep to it, whether we get news re w/o drill in the next 3 days or so i m not sure but i would be surprised if we dont hear about something

tried to do another trade but the same answer the reason they are giving is because they have to monitor the market as its not uk they have last week decided to set the £3k limit to buy or sell in any share unless you set an "at best" price , this is only barcs that i am aware of at the min.

not really sure, they would have let me buy £2k worth at the bid of £1.50 but on limit had to be £3000 or more. whether i wanted more on a limit they would have upped it again i dont know, just a bit odd.

just spoke to barcs and to buy these on a limit order you have to purchase over £3000 or pay the £1.50 quoted price, that has changed wonder why??????

welcome to lse my friend, just an idea, why not try getting some shares in vision express they will never go out of business as people will always need glasses and you can get a discount as i am sure the rns said 2 pay zones 1500ft to test and a few tight zones to to look at again with further testing. i did read the poor flow and water so can see good and bad but wax could be overcome and there could be oil behind some of the water flows so no blinkers here.

hi any idea when or if anydividends ore due on these this year . thanks.