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speaking for myself scooby it feels liberating and good, how about you ?
Let it go Isengard its over, no amount of your whining will reverse the situation. The BH. stands to lose hundreds of millions as a result of the BOD. dishonesty and incompentency. This is now attracting more media attention than ever, lets hope and prey an investigation gets underway.
it is all gone my friend, not your fault but 100% of the BOD. I hope everyone who resisted in gifting this once great company can take comfort from knowing that the AHBH. failed to get their prize and had to settle for less. They are first in the que for settlement when Ebok is sold with all its recently descovered problems and issues which will no doubt be highlighted to interested parties. This is assuming that the licence is not withdrawn by the Nigerian government and allocated to an indigenous party like the generals company. Lets hope its retracted and it proves as worthless to the Bond holders as it now is to the shareholders.
of the few willing to accept handing over 90% of your stake in AFR. the decision to go into administration is relatively painless by now as we've had months to come to terms with our losses. My tears were shed months ago but for the likes of Isengard who refused to accept the inevitable and obviously cannot afford to absorb the losses this is obviously devestating news. I would say Isengard that the pain eases with time as the realization dawns on you that whats occured was totally the fault of the BOD. past and !!! present. I take great comfort that the AHBH. failed to get AFR. on the cheap and because of their bloody mindedness and sheer greed will probably lose £100s millions needlessly where ! I in my mind set have lost a couple of thousand. I hope you, gayness and Pandy can take comfort knowing this Isengard. At least you came down off the fence in the end even if you chose the side with the rottweiler waiting for you but at least your wounds will heal in time. Please feel free to join us and register with the Afren legal group where ldlv. has teeth of his own thats if you don't once again get stuck on the fence.
As opposed to Isegard7 whom like Jeremy Thorpe will be biting his pillow as Gaygeorge bangs home.
would any previous NO voter turn YES without a major concession from the BH. ? Whats actually changed ? they still want 90% of your shares but are now again threatening likelyhood of administration if we don't comply, all done with the threat of not pumping another $30m into the directors pockets to save another day. Anyone could have acheived 3p a couple of months ago it was on the table ages, but now folk are saying whats offered may now actually be our best option. By voting yes they have what they desire and you have 10% of your holdings. Is it not worth forfeiting the pittance you would receive for the pleasure of knowing you stayed true taking them down with you. I just don't buy anyone who now says perhaps this is the best we can hope for, people of principle just dont take it up the arse. If we go under the fault lies with the BOD. past and present, Linn is serving them not you, Is a press of the flesh enough to hoodwink you ? what has he actually brokered for us ? nothing is the answer, he's already told us present shareholders are toast ffs.
a device used to weaken the enemy, it looks to me these are part of the tactics now employed to get the YES vote. Hardly any talk last night apart from personal abuse, most of it instigated by the sleepers here. Lets not lose focus as we near the finish line win or lose. Only by voting NO will we stop a 10 for 1 correction of the shareholdings here. Alan Linn is now duty bound to serve the interests of the BH. and as such the SH. are not is concern so any advice, statements he makes are highly biased towards their interests. Does this unexpected suspension exist so that the focus of the anti yes vote can be erroded by those here planted to do so. Only by voting NO can you prevent them from stealing 90% of your holdings.
who is the CEO. at this point in time as he/she would be there to serve the interests of the BH. over the SH. are you aware if thats correct TW ? It appears now to be a simple matter of waiting for a response from AL. regarding whats to happen. If a much improved offer is not forthcoming a NO vote will call their bluff. If they opt for administration there is a possibility they lose 100% just as we may. By voting yes the AHDH & BOD have succeeded in their mission to steal this once 250 company. AL. has already stated there is very little in this deal for existing shareholders, probably the only true thing he has yet spoken. A yes vote takes away 90% of your current holdings and gives you no say in future decision making. If they opt for administration just look on and get some satisfaction in the fact that you,we,us stopped them stealing our company. It has proved a very expensive lesson alround lets just make sure they carry the burden of a possible £1 BILLION loss. I now have placed my hope in the legal team for any amount of financial redress, ldlv has got the ball well and truely rolling and keeps us bang up to date on what's occuring, anybody else that may be considering this route just register with ldlv. If you feel the need to comment GAYONE please don't as I despise you and you are rather boring despite what you may think.
Yes the smell you bring with you Gayone is a sure sign the bins are full alright. As for enquiring as to Isengards well being you surely must be looking in a mirror when you ask you dick. Talking of dicks hows your gaite since coming off your special holiday ? hehehe.
Hi kb123 unfortunately we as shareholders now in this position simply cannot afford to give AL. a chance or indeed trust him to act in the shareholders best interests as he is now duty bound to act in our creditors interests ie. the bondholders.
That would be my preference for sure unless! of course I was offered a £1 a share.
many here/are prepared to lose 100% to get a fair deal from the AHBH. I suppose it was retribution of a kind, during this time we could have cashed in many times for 3p so why would we now waiver at the thought of losing 3p by refusing to sell the company. Why would we allow the AHBH.to walk away? yes they might be limping but by retrieving 25c in the $ they've done much better than a 97% loss. Don't forget this was all brought about by the AHBH. greed and the BOD. total complacency and likely a good deal of deceipt. Don't let them off the hook for a few trivial pennies. I not suggesting any reasonable offer at this stage or in the future should not be considered just lets not them slink away. Pure speculation of course.
I'd prefer to accept a offer where I've still a stake. 1-3p was, is no better than the average we've had these past months and where many, many holders here said they'd rather lose the lot than see the BH. win, which in a way they still would be doing only in a less desirable method. Alan Linn is as has been pointed out legally and duty bound to serve the requirements of the BH. above the SH. so yes I'd prefer a independant oil or non oil expert to oversee administration. I accept that we may not receive any return equating to a loss of 1.7p in the event of a fire sale or even an asset sale but like you point out the BH. would also suffer badly plus your point about the Nigerian authorities needs some clarification as its possible the BH. may also receive next to nothing. Thanks for the response.
be sold against the wishes of the shareholders ? I read postings earlier that suggested the bond holders would probably enbrace a offer now ! as a exit from this sorry saga say at 25c to the $ but it was also highlighted that the shareholders palms may have to be crossed also. I know all this speculation is hyperthetical but for this to happen and the BH. to escape this nightmare of their own making resulting in my original holdings dropping 99%. 1p2p3p. wouldn't entice me to aid and abet this. If a sale such as this can be blocked by shareholders I'd prefer administration and hope we'd get the 1,2,3p that way and if the asset sale turned to a fire sale then at least it the bond holders who get seared the most.
She was invited to along with the management team in Dec. 2014 at the time of the IPO.
Not holding as such but my partner a manager at a subsiduary company joined the company share option scheme this months, so there's my interest. Did buy 5000 in the IPO. for a quick profit to buy a new washing machine and ended up selling at 95p typical.