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sorry as Prodigy stated.
That's how I saw the Mole comment as well.
Blue why didn't you sell when you wrote this last year ……. "Can't help but wonder if we'll be here this time next year, same price, holding on for that next bit of 'news' that Zaza definitely has for us."
You had the opportunity and yet you did not you blame everyone apart from yourself your greed made you stick you just wanted that pot of gold to land in your lap and then blame everyone around you including people like Mole which I find offensive. You are the snake oil take a look at yourself in the mirror and if you think your investment has gone accept your responsibility it was your decision not to sell last year.
I still don't understand ZAZA's reference to "we don't go to court unless we have a strong case" said in Octobers SH meeting. Nicandros' affidavit was not strong evidence so why say that he is not stupid he must have something else to go on. The lawyers would also know that that evidence they stood no chance against hope unless they have more evidence.I know someone has said it was a holding tactic for time to get funding in place. We are 6 - 8 weeks behind the live news here for all we know it's been settled but they cannot say anything till the court approves it all.
One thing that puzzles me about the court case is that if as we saw in the last published court findings in February which were already the judges decision from December. If the judge was saying to Frontera you have no chance of bringing a fiduciary case against hope then why did not Frontera bring a stay in the court case straight away ok after the Newyear but in January instead of (and we assume it being FRR bringing the stay) in February unless of course it was Hope who bought the stay as the discovery bought some new information to light.
Just idle ramblings and IMHO/
Have you done any research window on your investment. Look back at the latest rns its as clear as glass to your question.
Question how do we know if one of the shorters has now infiltrated the FSHG group all they need is to proove they bought a few shares. I would not be surprised if 1 of the 400 plus registered members of group is not a shorter or someone with an ulterior motive to report back to his master. Happened in another closed group I was in with KDR so shorters could use info to their advantage. IMHO.
well that's the other option Deagle but I will open a 2nd broker account anyway.
Deagle I have asked for a certificate and they are not going to charge me. I can then take my time to look for a broker and open an account to register the shares with them. I am also with first direct who use HSBC and they have said free of charge to issue a share cert.
Best post I have seen regdik to sum up the situation where we are and also I think it is an acurate picture of where we are. There are far too many on here telling us it is all over for whatever reason, even I can see that the date on the document is for the Dec ruling without the discovery. They were in court yesterday and hopefully will hear something soon. Also the profits of doom are very quiet today so they have not heard anything as they would be first to shout about it. Still all to play for.
Shafqut I think you are absolutely correct in what you say. Let FSHG have a look first and send to only genuine holders.IMHO
Good post from TOT lets hope we hear something soon.
Thanks for joining up the dots Devex. Now the more I think about this Hope might have made a fatal error in not resigning as a Director prior to opening any short positions that might now exist. I strongly suspect that once FRR started a forensic investigation into YA’s short positions they either discovered a lot more or YA grassed on Hope when FRR put the squeeze on them. Hence the early settlement with YA, with the big cannon then brought out for Hope.
Hope is clearly drinking in the last chance saloon now. He either settles with a deal which is very favourable to FRR or this goes to full trial with a date for that probably given at the recent hearing. We know from the other evidence that I have dug up that Cayman judges often issue a judgement even where an OOC settlement has been agreed between the parties post a full trial. He’d therefore be barking mad not to settle in advance of that imo if the short selling has been proved in the discovery process. The failure to declare that is not just a breach of fudiciary duty but clearly illegal in accordance with AIM rules and that illegality will have significant implications for him as a fund manager in the USA as well as any penalty he might face in the Caymans.
When the book of this story is written this is surely going to be the most gripping chapter. I wonder if Daniel Yergin is following the story?
Tot
just looked at my shares account no shares all gone. Wife had even more If they relist how do we prove we had the number of shares in are now defunct accounts. I can see why Puddy had a meltdown yesterday not a nice sight when you see zilch in the account. Hopefully, we will get some positive news this month I need some after the last 6 weeks. GLA.
Thought I would put my two penneth in ref court case. As we have not heard much since last month and Puddy not getting an update yet from his contact, is that a good thing or not?. I take the view that the judge may have indicated to Hopes defence with the discovery that FRR did on Hope that he has indicated it is in Hopes best interest to settle ooc and that is what they are doing at the moment.
Does that mean the bargining chip for us is the $56m damages claim and for hopes team the $30m 2020 notes with the interest thrown in, would be a good outcome to just cancel each other out but somehow I don't think it will work like that. Hopefully it will be settled in our favour and we can move on from this.
As for not trusting Zaza I have met him and spoken to him at length in 2017 and I think I am a good instinct for a persons behaviour. Zaza struck me as a very passionate and commited person to us shareholders and I take what he says at face value and trust him to look after us shareholders. Why would he have Mole's phone and email if he was going to shaft us why bother. I for one will let Zaza get on with the court case a deliver what he has said about relisting.
AIMHO.
Thanks YJ it helps communicating to us at least I will wait for the update and conclusion of CC.
Well it was nice to get an update but only because I saw one here. I would of thought that bearing in mind the cayman isle laws on obligations of a director I would have thought hope would settle ooc. I was thinking that maybe he has not was that he thinks he will get better terms from FRR the nearer we get to de-listing.
I have now resigned to the fact we are de-listing and as some have said not the end but perhaps when we de-list Hopes lawyers will be doing everything to get an oocs as he would stand more to lose if it went against him.
Not with standing found to be unlawfully interfering with the company as a director, he would at the least be sanctioned by the FCA and SEC as having unlawfully failing in his duties as a director.
The saga goes on I am sure Zaza is as much peeved about the whole situation as us.
That's what the rns stated so they must have evidence of that through the discovery or from YA that is what gives me hope here that we will win this court case.
We have to trust them Zaza and SN that they know what they are doing. We don't go to court unless we are confident of winning. Keep the faith folks.
well nothing from last weeks court case is it a case of no news is good news. If it was bad news I think we would of heard by now. May be some update this week on that. Stay positive all GLA.
The sherif of AIM has a headline on his site "UPDATED - BREAKING: Altona – if this is not insider dealing by the CEO & a NED I am a banana: will the FCA do anything?
How 2 faced can you be when he and his scum got the leaks from somewhere about FRR and the arbitration with the GOGC/GG so his sharks could put their shorts on and profit from the fall in sp. I am hopeing it was Hope leaking the info to TW et all and FRR have the evidence so they can go after TW and all after sorting out hopeless via the courts and expose all their corruption in the open courts. Would be good to see them have a custodial sentence.
That makes sense what TOT is saying about the fudiciary duty as the cayman law is very specific on what directors of companies can and cannot do and it is plainly obvious that Hopeless has always wanted to take the asset away as soon as he got on the board,
I have a much better feeling on this now will hope try to go all the way to court where he must know he will loose and also all his dirty tricks will be out in public scrutiny or will he try to get the best oocs and then sue his previous lawyers to recoop all the 56m$ back.
GLA LTH