RE: Investors Keep writing these emails...18 May 2021 15:26
Letter....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 $140m
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
Re: court hearing 21/5/2021: CASE NO.CR-2021-000852
Chancery Listing Officer
Chancery Judges Listing
ChanceryJudgesListing@Justice.gov.uk
Nicola Sturgeon
FirstMinister@gov.scot