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Jeerimia99
As ever things change in the geo politcle world. Binden suspending the work in Alaska and a warning to him that Uncle Sam is too reliant on imported oil mainly but some gas. The march of china ant the Bear (perhaps by proxy - Turkey? The EU and us being too reliant on The Bears gas , Binden back off over Noredstreamii an increasing price of oil and gas lack of exploration for replacement by the big boys and other things all come into the picture There will be small amount of pressure for those invested in the big gas interconnector which we were told by ZeeM that we would have access too but given the present state of affairs is he believable? even so that does have huge spare capacity and they will want it filled so yes I do think that from what we have worked out we do have some importance in terms of strategic gaols still as long as the asset is as big as we have been told and can be got out of the ground at a good price. As to the CIA etc it is possible such operatisations do take place even Britannia plays this game but we are unlikely to find out especially as we know the level of politicly lobbying which seems over and above. My only concrete comment is that we do seem to keep getting out of some odd scrapes over the years , you could put that down to luck or?
TSB1
I am not sure I am allowed to call him him by what I would like to ( I certainly would face to face AND take the consequences especially as I have partaken of wine and looked him the face) ZEE.M does sound rather pathetic? ZM sounds polite!!!!
We just may need to tone things down a bit despite yet even more useful and extraordinary information coming to light and many thanks to looed on this.
Firstly with regard to the Court case. Please remember that we are only hearing one side of the argument at the moment and of coarse this will only be judged on the evidence presented. As have been pointed out these letters have not been presented in evidence to the court.
Secondly we have no idea what rabbits may come out of the bag ( on either side but mainly ZeeMs) although from what I have seen I am cautiously optimistic at this stage.
Thirdly even if we do win there is a hell of a lot back filling to do to get the show back on the road. Given what we know outside the Court case and our suspicions I do believe the show could be put back on the road but there would be many hurdles. Only saying but at least we are still alive and have have a chance
sorry - fat finger - admissible
Key point made by the judge is that these full financial statements with notes may or may not be admirable. I did get a feeling that that ZEEM's people are on a fishing trip. Difficult to tell from the judge as she is very relaxed in her commentary "it may be important in who ever appeals my decision" lax language for a judge or is she suggesting she thinks this is above her pay grade.
Were on!
Have we got time and or date wrong?
Well something not quite right. 30 ish mins late by the judge I would suggest is about max.
The judge is sitting 5 days a week with jury cases I seem to remember. I expect there has been an over run
Free
This is I believe quite an important point. To me as a lay person the Judge clearly wants to have a full a picture as possible within the scope of the case especially as there were so many objections which she over ruled ( but not all from memory), Given the time for discovery both in this case and others, these late offering of evidence (much to the annoyance of Zee ms side)is I suspect a tactile move . Completely backs up Oopsi's point of view that this is all about the documents. Bottom feeding I expect from Oopsi but to us lay people helps in following the case. To think that I am giving up a Tuesday evening to follow a Court case (well at least a glass or two in my hand as compensation) is a really sad state of affairs for us all. It should never have got this far and we still do not really know for what. Is SM, and Zee ms personal reputations or is it a chance that it is the beginning of getting us back on track?
TSB1
Hi, I would not take too much notice of SN looking glum and or to what may be an appearance after coaching by his legal team (happens a lot in the States) It is clear that the relationship with you know who has broken down badly, he has already made it clear that he took ZeeM into the bosom of his family and that ZeeM seems to have done the dirty on him personally. He may be feeling sad at the lost friendship or feeling guilty who knows but it is certainly not nice to have to take a good friend into the box over your business dream. add the pressure of just being in the Box and you can easily get a false reading. its rather like the case itself on this board. many think the evidence so far points to a slam dunk, as oopsi points out we are not there yet but a few are jumping up up down with joy, perhaps a little early for that.
The problem with quoting case law is that it should be an exact fit to be a solid argument. In my limited experience case law is often used when a 99% fit and it will then be up to the judge who may or may not be in a good mood. That is not to say that a 99% fit is not useful or unhelpful depending on which side you are.
Mole Re your last Para
I do not disagree with the roles as you describe them but that is the whole point. Directors have their role and responsibilities laid in Law. Nomads Auditors etc have Charted Status and therefore their loyalty is to their Profession NOT their pay masters ( the number of times I have used this in my own profession is quite huge even telling Government ministers I will not do that unless you change the Law and I have survived) I suppose what I am saying is that a lot of things are out of date. There is far too much loyalty to pay masters these days the number of times I have seen Accountants spotting things that do not add up and yet still sign them off. I would add that not for the first time have I challenged the Chair of a Company at an AGM over a failure to have a statutory valuation yet all is signed off by the auditors. In one case a footsie 100 Company. My calling out altered the share price, it should never have got to that stage as it was embarrassing for the Company et all but not me. There was no penalty even after I complained to the Stock exchange. Finally I complained about the Company secretary which had Chartered status and that only admonished the individual. I then had a charming letter from the chair thanking me- over lunch he said " thanks etc but has really upset our future plans" so they Knew they were conning share holders !
I can not change what has happened but call is for change for the future. Even HMG is thinking about splitting the big boys up re auditing and consultancy but it does not go far enough. Share holders expect that a Company is run well on their behalf otherwise how can any market work and peoples hard earned be safe either as a PI or on their behalf in there Pension fund. I accept most Companies do comply with present regulations but even they do push to the limits a lot of the time.
freeatlast Firstly I am not suggesting any one individual is or is not a fraudster/con artist Atypical approach by any con artist is to gain peoples trust to the extent that who ever is being victimised is so convinced that they do not believe there own doubts even if the chips all line up. The technicals are very well known in a much lower determination level are taught to sales staff in quite legitimate day to day jobs. A complete con artist may take years to develop levels of trust with out even having the thought of conning somebody# all the way up to being best mates then suddenly something happens and they turn. In hindsight most victims still do not want to believe they have been conned even after a conviction in a criminal court even though all the signs were blindingly obvious - victim embarrassment- for obvious reasons I am suggesting anything here but I have no doubt my thoughts are very similar to yours and if all goes well further action will follow by others. The worst comment I will make publicly at this moment is that there was some bloody awful management and a complete lack of oversight. It is the won reason I am so annoyed possibly with the role of any Nomad, IF that spot something which is illegal they just seem to resign -the same goes for auditors. It leaves shareholders any chance of an escape route To be fair it is not there job to be a policeman but the system allows people to remain involved from an ill informed point of view.
Looks like a part of the new documents will be withheld when they resume. Pity I am sure some pepes would love to go through them with a fine toothcombe. I don;t think we will see a reason why the Nomad quit. I have always been fascinated by that.
Who buys I have been using https://video.ibm.com/channel/sSquTrGTjBg for video. I presume it will be the same link when they resume
Well a picture is certainly being painted even if by numbers but that is how courts go. Thankful for oopsi putting a steer on things. I wish this was was in a UK court though (I prefer the methods of presentation) If zaza comes back after this break he must have something in his defence they believe to be of quality I can't wait.
Being a good boy I have not recorded it but hope somebody has as it is out of jurisdiction as it will make a good book but should also go to a UK journalist who is interested in the AIM market and the role of NOMADS
OOpsi Are you suggesting a slam dunk?
You can understand the bad blood between them