Member Info for dflynch

Have a look at this RNS and the Byotrol company's products.

https://www.lse.co.uk/rns/BYOT/test-protocol-for-testing-anti-viral-efficacy-eermsprttwisgev.html

Can't see them getting the required 75%. A 15% shareholder has significant sway when 75% is required.

The problem for SABA is that having frustrated the Crystal Amber Continuation Vote it would be necessary to obtain 75% shareholders agreement to support the passing of a Special Resolution to wind up the company.

SABA only have c25% shareholding so whilst they may frustrate a Special resolution, they cannot guarantee the passing of a Special Resolution!

A SABA tactic is to buy stakes in discounted funds (CA) and cajole management into taking steps to reduce the discount. This can be achieved by the fund making tender offers to buy back shares at NAV or a lesser NAV discount to that currently existing or, inter alia, liquidation of the fund.

CA SP is c£1 and NAV discount is c20% and MC of c£84M

SABA controls c 21M CA shares so a Tender buyback =£30M

Just a thought to speculate upon as Hurricane’s SP evolves to its true value.

We live in interesting times!

...for the moment that is!

BoJo still has to announce his latest daily policy change, as dictated by she - who must be obeyed!

B-B
So you'll just love the piece in todays Daily Excess

Germany warns of virus 'more dangerous than Covid' - alarm raised as infections rocket

GERMANY has warned about the respiratory syncytial virus (RSV) that is rapidly spreading and is "more dangerous than Covid".

The action of Saba in frustrating the Continuation Vote requires the Directors to formulate proposals, covering the three options, that would be available to shareholders.

One option is to wind-up the Company. This would require the sale of their investments in other companies. In theory, this would produce cash in excess of the current market capitalisation of Crystal Amber – the Net Asset Value being at a discount to the market value of the constituent invested companies.

The other two options are to REORGANISE or RECONSTRUCT Crystal Amber!

These are the options of interest – and could explain the increased investment in Hurricane by both CA and ANO, as a future TR-1 might reveal!

Clearly Hurricane is much more valuable than the current market cap indicates and the nugatory efforts, by BB contributors, to persuade otherwise are indicative that this is the case.

We live in interesting times!

What court case?

Yes - that's the one!

Is anyone aware of a video, circulating by e-mail, that purports to be part of an investigation, by The Sun newspaper, of RT Diagnostics PCR testing activities. If the video contents proves to be correct, and accurate, then there are worrying concerns about the whole testing strategy.

But on the other hand it maybe just another “mis-information scam.”

Anyone seen it, or similar?

Perhaps, as a result of the impact that this decision will have on Swedish life, we may see in the future common sense being applied to the mis-described “Climate Emergency,” and associated attempts to drive civilisation back into the Stone-Age!

Yes - my post reference the BRR video is missing.

NGR1616 your 08:23

You are correct in what you say about the CB being redeemed by the company.

However, is redemption the same as “open market” purchase? If the company were to make such piecemeal purchases, and retain them in “Treasury,” does this contravene the CB’s covenants?

The administration of the CB’s is conducted by the Bond manager, and as we have recently learnt the identity of the ultimate owners of the CB’s is closely guarded, and “confidential” information!

Given a substantial shareholding, would it not be in the interests of such a shareholder to mitigate the CB maturity risk by acquiring control of a percentage of the CB’s? There are all-sorts of imaginative deals that could be “cooked up” within the City to facilitate this – but I’ll leave these possibilities for others to speculate upon.

From the Dominion newspaper NZ.

About 13,000 border staff will be able to ask for more regular saliva tests for Covid-19 from mid-August, about seven months after the Government’s own experts first recommended it be offered.

The managed isolation and quarantine staff and those working at the Ports of Tauranga and Auckland will be able to choose the tests as a full replacement to the weekly nasopharyngeal testing, or nasal swab, Covid-19 Response Minister Chris Hipkins said on Wednesday.

He also said 16 border staff working outside MIQ had been fined $300 for not undergoing testing. It comes after experts criticised the Government for being slow to act, including after a security guard skipped testing for six months.

“The Ministry of Health’s advice is that saliva testing is an increasingly viable and reliable method for public health surveillance purposes,” he said.

From the Dominion newspaper NZ.

About 13,000 border staff will be able to ask for more regular saliva tests for Covid-19 from mid-August, about seven months after the Government’s own experts first recommended it be offered.

The managed isolation and quarantine staff and those working at the Ports of Tauranga and Auckland will be able to choose the tests as a full replacement to the weekly nasopharyngeal testing, or nasal swab, Covid-19 Response Minister Chris Hipkins said on Wednesday.

He also said 16 border staff working outside MIQ had been fined $300 for not undergoing testing. It comes after experts criticised the Government for being slow to act, including after a security guard skipped testing for six months.

“The Ministry of Health’s advice is that saliva testing is an increasingly viable and reliable method for public health surveillance purposes,” he said.

I wonder - why are we trying to "save the NHS" ???

Apart from its obsession with speculative impending CV19 doom, the NHS seems to be failing in all other areas of delivering the fully functioning UK healthcare service we used to have!

The befuddled knee jerk reactions of the HIGNFY team at number 10 – masquerading as HMG – clearly lack focus and are certainly lacking in their ability to identify national healthcare priorities.

Perhaps politicians fighting in the playground with each other are the intended diverting spectacle, whilst “mates” make their money behind closed doors!

....and so it came to pass!

In the short-term I'm more interested in the amount produced daily and how that can be quickly increased.

Reserve estimates are for financing the longer term work plan of the whole, and adjacent, fields

HURR now constitutes approximately 20% of the value of CA Market Capitalisation!

So is investing in stocks and shares generally!

As a matter of interest how would a PI purchase one of these CB's?

I am sure quite a few on this BB would like the benefit of a practical lesson on purchase of a HUR CB, if there was one in our midst with the experience and expertise to give it.

Any takers?