RE: Write emails this weekend please ,and ignore the trolls for now23 May 2021 11:45
URGENT ( very important to write this weekend):
The Judge ordered the Company to convene a Shareholders Meeting by Friday June 11th to enable shareholders to vote to support or reject the Restructuring Plan. He did not have the power to order when the EGM be held. I imagine that, as a priority, CA will now write requesting the BoD to combine both meetings as one. Our job is to support CA. I urge forumites to URGENTLY write a single email, copied to individual BoD members, before the BoD set a date for the Shareholder Meeting which will NOT include the EGM. The email I have sent is:-
(forumites to vary as consider appropriate):-
' Dear Board Member
I write as a shareholder. I courteously request and urge that the Shareholder Meeting ordered by Mr Justice Zacaroli, to take place by June 11th, be held in conjunction with the Requisition General Meeting sought by The Crystal Amber Fund, ie: that both meetings be joined.
Yours faithfully
etc
send to
antony.maris@hurricaneenergy.com
richard.chaffe@hurricaneenergy.com
steven.mctiernan@hurricaneenergy.com
sandy.shaw@hurricaneenergy.com
beverley.smith@hurricaneenergy.com
comms@hurricaneenergy.com
david.jenkins@hurricaneenergy.com
John.vanderwelle@hurricaneenergy.com
Another email....suggested points to put in...
1. BoD's action to give away 95% of the company to unknown Bondholders identity possibly foreign..for no good reasons.
2. Bod's assumption of lower oil price in its various reports and end scenarios is unrealistic when the oil price is going higher and predicted to reach $80 per barrel this year.
3. BoD's creative accounting to show they can't pay the bondholders even though revenue earned is increasing every day.
4. BoD's announcing a forward work program and not producing anything.
5. BoD taking advantage of covid norms in not engaging with any shareholders.
6.current cash in the bank should be $140 millions at least ( declared by BoD free cash $106 millions by end December 2020).
7.current high oil price in comparison to pre restructuring plans scenarios
8.Hurricane is currently solvent with big margins of net profits and more so with current huge rise in oil price that resulted in making much more net profits to Hurricane.. in comparison when the BoD put together the restructuring plans..
The company BoD has put together creative scenarios to handover a profitable British oil company with strategic assets to possibly foreign identity against the national and shareholders interest who were never offered or engaged with by the Board of Directors to be involved in raising funds if ever needed currently.
Write to...
FCA
MIUMailbox@fca.org.uk,
primary.market.integrity@fca.org.uk,
marketabusepolicy@fca.org.uk,
nikhil.rathi@fca.org.uk
OGA:-
oga.correspondence@ogauthority.co.uk,
Russell.richardson@ogauthority.co.uk,
andy.samuel@ogauthority.co.uk
Nicola Sturgeon
FirstMinister@gov.scot