Member Info for Flightman

The problem with an EGM,those at the helm ie SM will have sure covered themselves,and any questions we put to them will IMO receive the same old response,specifically the problems receiving funds from Argentina but of late that's now changed to problems within the banking system. This now goes far deeper,IMHO fraud has and is being committed here and the SFO will definetely be very interested to investigate. I have for months suspected what PE has been doing and GFD has I believe sufficient evidence to support this. The company specifically SM/PE want the SP as low as possible,CE signed the SOA with a 3pps valuation realisable, The last NAV written down substantially!!! IPC given away,stolen from us,IPSA now cash shell,PE approved purchase of their assets. Now PE and associates will make a very low ball offer for the Sterling block,much lower than 3pps,probably 1.5/2pps,then they have a controlling interest. They then have another holder on board to take majority above 70% then it's a very low offer to us. It all tinks an the SFO need alerting. EGM will get no where,get the authorities involved now.that's my take.

Even an employee of RuR recently told me and I quote. Can't believe how Peter Earl paid only £1!!!! For IPC. Unbelievable

What's to say these director S have been receiving substantial payments from Eds, I just wonder where PE keeps getting all his money from,he seems unstoppable but he has left a huge paper trail!!!. Good work GFD,

This has to be reported immediately to the serious fraud Office now. That's IMO a better route now than this action group. Us shareholders are currently being robbed,by PE and associated companies, I would put all my faith in your good self to initiate first contact. PE/SM need to be stopped in their tracks. SFO will definetly take action and will be far quicker than the EGM route, These director S shall continue to lie,the SFO is now the safest bet. WHI also involved!!!!

Have re read the administrators soa with all those signatures from Elsom 3pps that equates only to the written down value of our Turbines!! What about loans to Eds/Pel,and our 50% of Eds,they must think we are all fools. Huge disparity to actual valuation and that last 7.5pps. Clearly Elmson/PE all in together on this and their ultimate acquisition to take RuR for peanuts. I'm a recent holder and obviously my average is way below 3pps,and feel very sorry to holders with much higher averages. 3pps would work out a very nice profit for me however just because Elmson signed for 3pps it is very likely they will tender a. much lower bid to strike a deal. Making the most of the apparent horrendous cash flow position and such like. When I said it could be futile to organise this action group,I didn't mean it in a negative way,but I think the Serious Fraud Office would be very interested to take this on fairly quickly. That in its self may hamper PE progression in this,and may force RuR to hurridly RNS positive news ie repaymemts from Argentina. This has been going on for too long now It all stinks of corruption and with WH Ireland's involvement that only reinforces my views. Keep me updated on your % Rgds

So Peter Earl is now Executive Director 9f IPSA,how convenient for him,couldn't have made that up myself!!!. IPSA a cash shell,and now the countdown starts for IPSA,or rather Earl to make an acquisition. I have been posting exactly that scenario for some time now. Looks highly likely that IPSA are going to purchase the 54% block,but hold on that's only just over half of RuR,so then it's likely they will make an offer for the remaining stock. PE certainly knows the full real value of our assets,he is after all the Vice President of Energia del Sur, So apparently RuR unable to receive cash from their cash generating entity Eds,pull another one. This is deliberate malpractice,all to make out that RuR are in financial trouble,to get the stock price as low as possible. Why so a low ball offer is accepted for Earl to continue with his master plan. Within a few months,RuR will be once again under the controls of Peter Earl,well that's what he thinks. I applaud the investors whom would like to form an action group,but may be futile,I would now go to the SFO,and the FCA. How the hell is PE getting away with this.

So now sub 1p and the company continues its news blackout. What did PE say when he was the CEO,he wanted to restore shareholder value. Well he left,shareholder value plummets,he buys the Assets,IPC for nothing and IPSA assets for peanuts. One things for sure he is fleecing every single shareholder here,and now it appears SM is parties to that. Absolutely scandalous,well that's being modest and their links with WHI stinks. FCA and SFO now need involvement here. Just waiting now to hear the next news, Oh probably be new majority holder PE and he got half the company for peanuts. Not at all positive here now,but with such a large holding only hope is those administrators act in the interest of us holders and are not in no way linked with the likes of PE and cohorts,.

Huge positives Spac3y,but there have been so many since December yet RuR don't wish to inform us lowely shareholders. Price looks now tentatively close to going sub 1p due to SH attrition, and am sure that is Simon Morris's Aim here. The close link with WH Ireland is very dubious, just Google that NOMAD it's all there. Guess the suitor for that 54% block is waiting patiently in the wings for further SP depreciation before making an offer that on the face of it represents a premium to current SP but in reality a steal . PE getting his own way here,as he has done with the gift of IPC and the steal of IPSA assets. Can't believe this daylight robbery can actually go in questioned. I applaud GFD in his efforts to make a case against SM,and hope that the truth eventually comes out here. My faith in those administrators is now somewhat diminished though,they recently agreed the IPSA deal in favour of PE,just wonder how many brown envelopes are going back and forth. An absolute disgrace. It all tells the story from the last RNS,in that the BOD are seeking the best way to receive cash from their 50% partner Eds, I emailed the company and they replied,they are experiencing bank system problems. Yeah right. My guess this new loan associated with SMorris. Company are receiving significant repayments from Eds,but are purposely casting doubt to its small SH,. Next we shall here the 54% block sold at at 100% premium to current SP. Daylight robbery.

Hi GFD, I guess now the only plausible avenue for holders given that the company totally disrespect it's minority holders is to make the case with the FCA and I believe the SFO. Clearly something now needs to be done otherwise it certainly looks like the company is going to allow those individuals to effectively take over our valuable assets at a steal of a price. With such iliquidity here any sells will decimate the SP,and I guess those involved in the background are going to willing that event. Still holding,no point selling,just hope that those administrators act in our best interests,and not PE!!!

Black out continues for us minority holders. If they want to treat this company like a Private company then make us all an offer!!

The fine £1.2M and now they have just covered this with a placing,scumbags Banned for 72 days from taking on any corperate clients. Always knew this NOMAD were crooks.

Correction,WHI are to be fined tommorow.

Agree totally GFD. I note today WH Ireland have yet again received a huge fine from the FCA! Very dodgy NOMAD indeed,and the sooner they are replaced the better. I recall back in December via email,Mark Keegan told me he wanted to RNS a positive update re Argentina but Paul Shackleton advised against!!. Clearly lots going on behind the scenes .

Exactly,how can that be,or is this all fictious,just to make out we are in dire straits. 1% interest per month,so 8 times the going prime rate. This Radix,now BPAC,all very suspicious,always relating to Directors. Perhaps the next thing we here is we Default and BPAC file orders on our highly valuable assets,you just never know with this lot. Have tried hard to get straight answers from the Soho lot,but nothing. The last RNS says it all. Cash very tight,and the BOD trying to find the best way to get cash from our Argentina asset. Pull another one. They are receiving significant sums,IMO, But want this stock very depressed,for effective manoevering on that 54% block,involving PE/WHI. Truth will come out. Asset valuation is multiples of current Mcap,I'm holding,

Corruption,certainly. Just read all the negative RNS after PE left,then as if by magic he starts accumulating RuR assets through the back door. The 54% block is the jewel in the crown for him,and no doubt he will wamgle that stock too at a grossly undervaluation. Noticed too on IPC website no mention of RuR,all these guys are fleecing us holders. FCA and SFO need to investigate this as a matter of urgency. Even an employee at RuR recently told me that it was unbelievable that Earl took IPC for £1!!!!!! All stinks.

Hi, Radix has undertaken to release it's debentures over all RuR assets in favour of Bridge Properties Arena Central. BPAC wholly owned by Ballaugh holdings,currently in liquidation. Therefore this new facility is not unsecured!!. Morris is a director there too. Atb

Maybe given what's currently happening here then the Bolivian arbitration needs to be looked into again. RuR were awarded significantly more in their claim but we were told that the actual receipt was much lower. Ummmm. PE again,perhaps this is where he made his millions. Looking at IPC this company y was given away to Earl. This all needs investigating.

Whatever you ask them you will never get a straight answer. FSA and SFO I think need to take a look at this now. Clearly that scumbag is a thieving bastaxxx. IPC for a £1!!!! IPSA assets basically gifted to him. Sure he's doing the same here. All these RNSs are lies,even though that scumbag has " apparently gone",not really though as he's the VP of Eds,and so we are so tight for cash yet the company we co own doesn't want to repay us anything back. Look at the last paragraph of today's RNS, The company must think we are all gullable and thick. I'm going to get to the bottom of this.

4M sells,and they are not mine! Hardly surprising given the way the company are operating.

Best part of today's RNS ,in which it has a 50% stake. The company is arranging the best way to benefit from from cash generated from the asset in Argentina Well if that isn't incompetence, then what is. Answer, As RuR own 50% of Eds,a highly profitable power generating company in Argentina,which RuR have spent £38M in loans,and are currently owed in excess of £10M in accrued capital and interest. Simple,pull your fingers out and request repayment,after all you can get 2M dollars per month since the changes in FX controls. But I know they are receiving payments,so why tell porkies!! All an attempt in deceiving it's shareholders,so yes deception ongoing at our company. This RNS seems so badly written,especially that last paragraph, On the one hand they say cash is tight,then say looking at the best way to get cash from our partner in Argentina,they failed to name Eds,rather staying our Asset in Argentina. What a hopeless lot they are in London,rather Soho