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i think it will happen, It’s easy money, get the shares in issue down to 300m or less so there is scope to raise large volumes of cash. The only way this won’t happen is if time expires on rto and we delist.
Right now I wouldn’t say zaza is honest. Was it not stated communication would continue as if listed and shareholder meetings would continue? He also said we are entering a golden age in October 2018, this doesn’t feel like a golden age right now! Hoping for some court papers to be added to one of the many cases next week to see if we can pick out any snippets of info cause we’re fckd if we are getting anything from the company!
Next news will be consolidation of shares. Shortly followed by dilution.
Puddy YJ responded to me on Monday via email. I guess if they were “fired” they wouldn’t have
I don’t think I’ll listen but a I think the longer we don’t hear from zaza the more I am leaning towards he is a fraudster....sorry....well where is he with our investment? Would a fraudster tell you in October we are entering a golden age and we have golden tickets then disappear with no word for 8 months and counting?
Time is ticking here, hopefully some material information gets shared tomorrow or an early morning RNS comes out.....
In April 2019 a General Meeting approved the closure of Photonstar Technology Limited. The group then became an AIM Rule 15 quoted cash shell and as such is required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission as an investing company (as defined under the AIM Rules)) on or before the date falling six months from completion of that General Meeting or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million of new equity funding) failing which, the Company's Ordinary Shares would be suspended from trading on AIM pursuant to AIM Rule 40
Anyone have access to share doc 5?
Brilliant thanks starrage and Bezzy
Similar to court listener where I can see when court papers become visible for the other court cases ongoing ie Mourant litigation for unpaid fees?
I got his out of office to say he was on leave, someone else replied
I sent them the press release and asked for clarification if it was genuine or fake....... “Apologies for not getting back to you sooner. We have not heard about this from the Company so we can neither confirm nor deny.
Sorry we can’t be of more assistance”
I wouldn’t say it’s completely delusional to think that we may see some money back from here but it does look like like a bit of a long shot with the information we have available to us. If we did get $150m finance that would pay the $750k Caymen lawyer fees, $30m+ to Hope, $2m to YA and probably about $5m for ours and hopes Cali and Texas lawyer fees. So as was said right from the beginning this all depends on what we are producing, if any, and how much finance can raise. Keep the documents and facts coming positive and negative
Just read the docs kindly posted by starage. What a pickle. Why the F are they in Ukraine threatening court action. I’d love to know what is going on between the ears of both. I started to feel a little optimistic this morning, brought back down with a bang haha.
Just a small mention of FRR not particularly in a good light related to the dolphin tender. FRR haven’t responded for comment - makes me question the press release
https://www.kyivpost.com/business/us-firm-wins-ukrainian-offshore-gas-rights-may-invest-1-billion.html?cn-reloaded=1
“Frontera Resources, which is allegedly a loss-making company with failing gas extraction ventures in Georgia and Moldova.
Its subsidiaries registered in Ukraine appear to have no assets and only two staff, according to Schemes. Frontera has not responded to requests for comment and phone calls go to a generic voicemail.”
But Hope has never been put in a position where discovery will take place, it’s never really come to the crunch. Now he has and he potentially now has to make statements under oath, provide documents etc so if he has something to hide, he needs to settle, if he doesn’t he’s got nothing to worry about.
I think another positive is the judge didn’t throw the case out and he is letting it go to trial. TRO and injunctions were rejected, we got a roasting for not disclosing Caymen action, it was all looking very bleak. I was thinking why would a judge let this go to trial? But he has, if ADR can’t be agreed.
“My understanding is that he wouldn't take it.”
So you are saying zaza offered the £2m and hope said no I want shares?
Geez have you been following this the past 7 months lol
Ok not quite what it said on the tin! “Order Referring Case to Private ADR” looks like ADR will be attempted in the next 3 months by 1st November, failing that discovery then trial in July 2020. Time to hibernate I think
TT @ YJ - got an out of office he’s on leave until 12th August
We need someone with access to the court docs, taffy around?