Member Info for hasiba

1. Write to Financial Ombudsman https://www.financial-ombudsman.org.uk/businesses/complaints-deal/investments/stocks-shares

2. Whistleblow to London stock exchange
https://www.lseg.com/whistleblowing

3. send complaint in writing to London stock exchange
https://www.londonstockexchange.com/resources/trade-resources?tab=rules-and-regulations

4. Write to takeover panel
https://www.thetakeoverpanel.org.uk/the-panel-on-takeovers-and-mergers/contact

5. Complain about the company here
https://www.gov.uk/complain-company

Do not get discouraged or distracted by the few with suspicious motives who are not shareholders...
Focus your efforts on writing the emails and defend your principles and expose those crooked BoD..
Please write these emails and don’t depend on others .....and the more of us doing this the stronger the response will be for someone to take notice . The BoD has stolen our rights and handed 95% of our shares to Bondholders....basically we will be left with 5% of our shares ....they destroyed our share value and are robbing us of whatever left....
Not a single company BoD did this in uk by excluding their shareholders interest in the way these BoD did..

Mirasol...” Sirius Minerals?”
No...
please go and dyor

https://twitter.com/bermudashorts2/status/1393842688169021442?s=21

..don’t get discouraged or distracted by the few with suspicious motives who are not shareholders...
Focus your efforts on writing the emails and defend your principles and expose those crooked BoD..
Please write these emails and don’t depend others .....and the more of us doing this the stronger the response will be for someone to take notice . The BoD has stolen our rights and handed 95% of our shares to Bondholders....basically we will be left with 5% of our shares ....they destroyed our share value and are robbing us of whatever left....
Not a single company BoD did this in uk by excluding their shareholders interest in the way these BoD did..

Applecrumble...” they could have announced a rights issue any how and see the appetite from smaller shareholders? Even if they announced a rights of 0.5p they would have collected 250 million dollars at a similar deal ( 1:20)”

Very relevant point..

Because the BoD are bent to give it away to the Bondholders at any price to save their jobs and salary ..

RNS “ It’s a no brainier but their lawyers told them they can’t do this under the bondholders agreement, ”
Can you prove this by putting a link here..

I challenge you to do this...

RNS “ Yes but it wasn’t allowed to do that under the bondholders agreement...”
You are wrong here. Just look at the media interview with CA march 2021 confirming that BoD comments on purchasing the discounted bonds price then as “it’s a no brainier “.

Tavesham.. yes but I am concerned that some are writing emails and not highlighting this fact but give the impression that the BoD are swapping the whole bonds debt if $230 m for 95% of equity which very wrong and work in favour of the restructuring plans!!!!
It is only $50m equity swapping and not $230 m
And we still are left with $180m debt to service and pay.
Please highlight this in your email.

PLEASE WHEN WRITING TO HIGHLIGHT THE FACTS...
THE BOD ARE ONLY REDUCING THE BONDHOLDERS DEBT BY $50m FOR EQUITY WORTH 95% OF THE COMPANY AND NOT THE WHOLE BONDHOLDERS DEBT OF $230m..

This is the important issue ...to highlight

..cont
Swapping equity for $50 m of the total Bondholders dept...

Alavib...” The company owes the bond holders 230 million dollars which is not due for payment till July 2022
Now the company’s BOD has decided to pay this loan earlier than due date without the consent of the company’s share holders
Doing this by way given the bond holders 95% of the company
Please note the company currently has over 130 million Dollars in net cash ”

Just to add that the BoD are only propose to give 95% of the company in shares to Bondholders in exchange for $50 m and the company continues to owe $180 m to the Bondholders!

So the BoD only

Like you have taken a mortgage from a bank and the bank decided to sell it without consulting you as they believe that you will not able to pay back the mortgage in time!
But hang on I have been paying my monthly debt and have $127m cash in the bank ....
Fair enough this may happen in banana republic but surely not in uk!

I repeat this is their 14/1/2021 RNS full of hopes and positives to look forward to...
https://www.lse.co.uk/rns/HUR/trading-and-operational-update-newy0lcuqbns0lk.html

The only change since that the oil price is higher and the current oil production is higher at 11600 bpd!! and more cash in the bank...

Keep on writing guys....yes it’s a SCAM

..days are numbered and they know it, and they will fight to the bitter end to keep them employed with a fat salaries as the alternative is a disaster to their income ,reputation in the city to become unemployable....total destruction!
Their restructuring plan has 0 success as it’s built on deceit ,to rob the shareholders for their greed and mischief....
We must keep on writing these emails to expose them...

Read this...RNS

hasiba
Posted in: HUR
Posts: 4,496
Price: 0.69
No Opinion
RNS 14/1/202114 May 2021 14:32
“ Antony Maris, Chief Executive Officer of Hurricane, commented:
"Production in line with expectations, a December lifting from Lancaster, and higher oil prices combined to deliver a $19 million increase in net free cash at year-end compared to end November 2020. A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio. As previously reported, we are currently engaging with our stakeholders on a proposed development plan for Lancaster and its associated funding, in order to maximise the potential value of our assets."

This CEO/BoD misled shareholders and market....

Part 26A restructuring plan
A restructuring procedure for companies in financial difficulty. The operative provisions are contained in Part 26A to the Companies Act 2006, inserted by Schedule 9 to the Corporate Insolvency and Governance Act 2020.
The process for a part 26A restructuring plan is closely modelled on the process for schemes of arrangement.
The principal differences between schemes and part 26A restructuring plans are:
Part 26A restructuring plans are only available to companies that have encountered or are likely to encounter financial difficulties likely to affect their ability to carry on business as a going concern.

Scheme of Arrangement.....
(If the relevant members and creditors approve the scheme, the court will decide at a further hearing whether to sanction the scheme, and will look at whether the approved scheme is FAIR. If the court sanctions the scheme, the scheme is binding on all affected members, creditors and the company.)

So the BoD is telling the higher court this:

“ we are now producing more oil than even the Q1 at much higher oil price.
We are generating more revenues and far more profits than during Q1
We have over $120 m cash in the bank and increasing more than any time with much higher oil price that many predicted to go much higher.
we have debt to pay 22/7/2022 but we want to settle it now in a hurry by screwing the shareholders and keep our jobs and high salaries”
My Lord..please rubber stamp this paper with our Micky Mouse plans..
High court judge verdict.....call the police to handcuff those bastards...

“ Whereas here, we've got a big boat out there, taking onboard 10500 of oil per day”

Currently is even higher!
The RNS 10/5/2021...” Lancaster is currently producing 11,600 bopd from the P6 well alone with an associated water cut of 29%.”

And oil price at its highest level for the year...

My buy order is showing as Sell trade!
Many of sell trades today were actually buy trades near the bid price “so showing as sells”..
Nothing changed but may investors are rotating into cyclicals going with market on rebound hopes in economic recovery...

38,663 @ 20.045p
GL and have a nice weekend..