Member Info for Gtx1

TWT I'm flattered you compare me to TB , I've tried to be as enthusiastic as he was , but I fail spectacularly, he was a whirlwind
on this forum, he lifted my spirits immensely, I shall just try to post with his in-depth thinking way of posting, I still some times read his older post to learn from him. But as you can see I lack badly, I'm a glass half empty he was a glass half full or just full, LOL. I'm very happy with every poster on here,

CHEERS TWT and everyone.

FFCmenber ......LOL LOL

TWT you make a very good point in that Sebastian Maril is a Argentinean analysis who naturally would need to look like he is behind Argentina's need to save a lot of money for the country, as you say he influences the big Argentina tabloids, he probably would need to tow the party line so as to speak, that's completely understandable in a country were justice is in my opinion corrupt and infiltrated by Argentina's politicians who have very little regard for true justice and the law, now in saying that if Trump stays in power America will be the same way.

I also agree the judge should follow the legal framework of the American system, the shares were sold to international investors in America, Argentina basically stole the shares without refunding the money paid for them, and admitted liability to that when paying just REPSOL compensation, Argentina took advantage of knowing that the other unpaid parties couldn't afford to pay to sue Argentina for there own money back, causing them to collapse and go into administration,
Judge Preska should always bear that in mind when deciding on the way forward, anything Argentina needs paper wise / documentation wise , can be easily found and very quickly, that's why Argentina's legal team are trying to stall proceedings
with a motion to request expert witnesses that they can manipulate and be told to stall proceedings, with they can't travel your honour until the pandemic is over ETC, they could have a court date only for any one witness to be unable to attend due to sickness or personal needs, dragging the case out over many years, that's why judge Preska needs to avoid all this nonsense and stop the Argentinean system from directing and manipulating the court proceedings. If the judge sides with the Argentinean legal request then the court proceedings and timings are at the mercy of Argentina . That's Argentina's main aim, to stall stall and stall. though in the end when we win they will have to pay out a very substantial amount to be able to avail of the international money market's, the most damaging thing to Argentina would be to not to be able to avail of borrowing money from the international monetary system.

I'm hoping judge Preska will see through all this and find a way of getting the two parties to compromise, though that will be very difficult considering Argentina's absolute need to just stall all the proceedings to there maximum.

just my thoughts on the matter. CHEERS everyone.

Thank you for that TWT,

The part about Argentina law and only having 3 months to resolve any dispute after exploration / grabbing someone else's shares they fairly paid for , and giving them nothing in return is ridiculous at best, and monstrous at worst,
This part of the Argentina defence is so weak it's embarrassing, they take 5 years just to get to this stage and they expect someone else to get legal help and into a Argentina court in 3 months, surely JUDGE Preska must see that is not feasible and ridiculous, and Argentina's lawyers want the court to wait for a expert witness to explain that part of a Argentina by- Law,
So all Argentina needs to do is stall the case for over 3 months and you've lost your claim for any damages, this is why this lawsuit needed to be held in the usa, Argentina's court system is arguably very corrupt and strongly directed by It's governing
Politicians. Judge Preska needs to seriously look at that issue alone, that 3 month window for any claim to succeed could and probably would easily rule out any attempt to get justice in Argentina's courts, and the Argentina's lawyers want a judge and the American court to listen to that expert defence . unbelievable and it's just a bad stalling tactic, though our team of lawyers are best to try and not get to aggressive or the judge might shy away from them.!

ALSO burfords share price has never in 2020 factored in a win on this Petersen case, so any nervous downside should be temporary in nature, strip out the Petersen case and our share price and valuation should still be in the region of over £8 to £10+.

Cheers for that more detailed account TWT.

What's astounded me is that I thought judge Preska had everything she needed to make a judgement today, I thought that was the whole point in waiting for a week and a half !!! Then why didn't she get everything she needed last week to make the judgment today, I'm more annoyed at the judge than anyone else , I guess that's the way these things play out in court, it's not a wonder if takes years and with huge sums of money to get a decision on basic arguments and judgements. And the biggest laugh of all Argentina could have purchased the whole case for $15 million 5 years ago LOL.

Judge Preska knows this is a winning case for burford, but she has to be seen to explore all the facts surrounding it, or any appeal might say yes we should explore all the facts first, and Argentina's lawyers know this, the pandemic would naturally slow down any fact finding investigations, and you can bet your bottom dollar Argentina will make sure witnesses get delayed
, evidence gets delayed for as long as humanly possible/ pandemic excuses. Sick, ill , and missing person's.
Carry on court proceedings comes to mind, LOL.

CHEERS EVERYONE

That’s the same as saying to Argentina to put up or shut up, she’s obviously saying she’s not entertaining Argentina’s delaying tactics, and saying she’s pushing ahead without delay on Monday,

Cheers TWT

The Argentina lawyers have delayed this case for over 5 years, they had ample opportunities to ask for a fact finding of Argentina's by- Laws , and they just kept stalling at every stage, they've no more interest other than to once again stall proceedings, I think judge Preska will or has seen through their deplorable stalling tactics, and will either side with burfords request or order a compromise of some sort to expeditiously get our case concluded by the middle of next year,
The more I look at Argentina's fact finding requests the more I can see the judge siding with burford as much as humanly possibly, though in doing that she might have to get Argentina on board with a very shortened two party parallel running fact finding request, something to stop Argentina instantly appealing her decision, or she could justifiably just go with burford and let Argentina appeal her decision. I feel the judge has to side with any party who have been treated extremely unfairly under the law and signed compensatory buyback contracts. Argentina is just digging up anything they can, to stall paying out on this clear cut winning lawsuit from burford.

Good night and cheers everyone.

Yes tomorrow, my apologies to everyone, I've changed my routine and that confused my days, good job I wasn't going on holiday LOL.

CHEERS FOR KEEPING ME RIGHT EVERYONE.

That article was totally biased against burford, there was no mention of berenbergs price target of £8.10p or Liberiums target of £26.00 and made in 2020 , or the need for litigation funding in Law, something that is revolutionizing litigation funding, it was a complete Ft MW hand in hand attack on burford, with no regard to the truth and potential of burford at all. That made that Ft article a extremely badly written piece of work , I've seen much higher standards of work by most of the Ft journalist, it was something that belongs to a very poorly funded tabloid, not the Ft,
The Ft normally sticks to the facts, that article paid very little regard to any balanced facts at all, it was actually garbage journalism at its worst. I was so disappointed at how unprofessional the journalists was in giving a fair balanced account of burford.
Judge Preska will deliver her way forward later this afternoon or evening, if she sides with burford then Argentina will obviously appeal, delay being there only defence so far, if she sides with Argentina then Argentina get still get there delay but even longer, or could it be a compromise with just a few months of new fact finding measures, either way this case is won by burford bar any pay out by Argentina. How can they simply compensate REPSOL with $5 billion and then completely ignore the other shareholders, even a judge can see the complete disregard to fairness and a signed compensatory payback clause when YPF sold its shares to American and international investors. The Ft made no mention of that disgraceful disregard to international Law ,

I totally agree with TWT with all his Q&A in his post, it's so sad when ordinary investors have to do the job of paid Ft journalist.

The one thing I've took from that journalists is that they were very seriously biased towards burfords huge potential, it was trash journalism at its worst, you would nearly think they bought at £18 and sold at £2.50p and now has a grudge.

I also think we should never get caught up in one high profile case, as it may put some investors on a roller coaster ride LOL.
burford have already made this case pay them with profits of hundreds of millions of dollars, so anything else is simply a big very welcome bonus.

Cheers everyone.

Below, missing misspelling.

Yes the pandemic has slowed down nearly every company.

That Ft article was very poorly written, why do I say that ? It wasn't balanced at all, it looked like it came from a novice reporter, or someone who doesn't do enough proper research to know how to give the top quality intelligent and balanced view around burford that the Ft would expect from one of there own journalist. It actually looked like someone with a grudge because they didn't get a 1 to 1 interview with burfords CEO. It even looked amateurish,

Burford has £ 356 M profit last year, yes half that revenue came from the argie case, strip that out and your still left with £178M, if any other company made that profit it would get a rough Low company valuation of £ 1.8 billion . Our valuation right now is roughly £1.2 billion. The room for burfords valuation growth is substantial , one of the problems burford has is that you really need to understand the company and how it works, that why that Ft journalist has just scratched the surface without understanding the company's true potential and future eanings, yes the lands ha slow down nearly every companies business, for heavens sake the world has been in a lockdown for over 3 + months, even private hospitals have struggled with work on there wards. Everything burford has lawsuit wise is only ever delayed, and that means even a higher profit margin, as that is in a clause in nearly all our contracts.

I think tomorrow Judge Preska might find a compromise between the two parties, something to tempt both sides into moving our case forward. Maybe a shortened fact finding solution for both parties.

Good night and cheers everyone.

Thank you sharehunter3 for being a really good investor in burford, we like investors like you. Keep spreading the good word.

CHEERS sharehunter3

I would expect a percentage of any profit sharing of any settlement to be around 33% , though this can go up to 40% ,it depends on the level of risk and monetary needs, a case like this the funding could easily be £30 £ 60+ million, though the funder could even advance some money to even help nanoco survive difficult financial times, though that would always come at a cost/ higher percentage of settlement win. That's why I say if the funder takes the case on the probability of a win is very high, but not a guarantee.

Amerloque thank you for that chartist insight.

Botbot with your 2 million shares you certainly are in big, if you can hold your nerve in these uncertain times and markets , then nanoco's eventual settlement should reward you very handsomely indeed, though that might even be many years away ,when you're dealing with big settlement figures the lawyers like to drag things out so they can increase there earnings.

CHEERS EVERYONE

I strongly suspect nanoco may have a lawsuit funder in place very soon, believe me if someone takes this case on, and with the huge legal bill that comes with it, then you can bet your bottom dollar that the lawsuit funder has taken the very best expert opinion on the outcome for the case, that normally means it's a very likely winner. [ I'm a non holder of this stock. ]

CHEERS .

It closed at £5.09p to buy , great start.

Cheers .

I'm convinced that buyer of 1 hundred thousand shares yesterday was the same buyer 4X 25000 and they've had £40k in 1 day , it just goes to show you follow the money LOL.

CHEERS EVERYONE.

Thanks for that JC , we have a little longer to sweat then ,
Cheers JC

Yes at around 2 oclock and shortly after that, they were clearly and definitely buys ok. It stunned me. I haven't seen purchasing like that and in The normal streaming blues and reds, The first thing I thought was someone's in the know about good news. Or simply someone taking a long term view.

Cheers everyone.

So someone bought £465000 pounds worth, a day or two before judge Preska makes her decision, surely thats* time wise very brave, or are they in the know ?

CHEERS everyone.

4 x 25000 buys at £4.65 someone's very confident in burford and our USA judgement, great sign .
Cheers everyone.