Cont... And even their based forecast 2021 and 2022 is far below of what the oil experts are forecasting ... BoB are knocking down HUR so it looks in the worse scenario possible to deceit the court and sanction their restructuring plans....
Spike... No lies here... Go and read the restructuring plans put to court ..oil price was based on H1 2020 averaging $34 pb...this is fact They appointed pwc to look into $63pb estimates but not what put and submitted to court by the BoD... Go and read ..don’t be lazy!
BoD is going to court telling them the restructuring plans were based on oil price of $34 pb and the company is insolvent if not approved by the Judge and the judge forgot to look at the current oil price of near $70pb and oil production has got better since Q1 this year with more revenue and huge cash pile in the bank they want all not remember.... The BoD in a big hole and continue digging themselves deeper in the sh*t.. Guys Del Boy would have a better job than those BoD...
This is getting far more interesting and all will be revealed towards the end of this month.. First time ever felt confident here.. GL holders and all deserve the good news..
BoD are telling us to give up as they are showing more evidence of the troubled company...then uses this in court to justify all their dirty tricks.... I don’t think this is going to change the main issue of deceitful do little BOD.. Holding strong here
You must be the most disrespectful poster here... Get some help from your GP.....some thing seriously wrong with you....I told you this before.. You lost tens of thousands here and you have the audacity to abuse people calling them names.. Just look in the mirror and reflect...
The contrarian posts here are useful except your drivels..getting everything wrong ... You are just a waste of time to everyone here.. Get a life man!
Logic tells that if you invest millions of pounds in any assets....would you not fight to the bitter end to defend it and try to recover all or most of it...OR just sit and watching it taken away from you in such way!? Come on guys ..get a grip.. CA will fight back to the bitter end..come what may as we are talking millions of pounds and CA reputation as an activist funds.... We are only witnessing the first shot by the corrupt BoD trying to steal the company from the shareholders to keep their jobs and fill their wallets.... Deceitful restructuring plans....
Retiredfella... Thank you for the constructive posts. I have too written to CA to pledge my support to their email on their website but received no reply apart from acknowledging my email... It’s obviously they are they are planning some sort of actions/plans to recover best shareholders value.... Let’s hope everyone holding here write to CA pledging their support....the more the better and stronger...
Biden is doing the political posturing but nothing will change beyond this. Sharing IP is stupid and will not solve the pandemic but leads to the end of innovation and biopharma. The better solution is to expand production and lift export bans and make it available to others in abundance... Sorry can’t expand as still in the middle of the Hurricane category 6..!! GL
Onthebeach... “The BoD is simply projecting forward that it may possibly become so in 15 months' time.” ...the BoD restructuring plans are based on oil price of $34 pb as of the first half of 2020!! The oil price is currently at $68 pb ....and for the next 15 months is projected to go higher by experts. Simply the BoD are trying to deceive the court and shareholders by misleading both....and the higher court will see this clearly as we do.
The BoD are trying to keep their salaries and positions as stated in the restructuring plans which guarantees that them and the bond holders wouldn’t be worse off after the implementation of this doomed restructuring plans... BoD are Corrupt and deceitful bunch of crooks...trying to sell us down the river... Simply BoD are not fit for purpose and their days in office are numbered...
Please pledge your support to CA by emailing them... GL
I saw that neon but my last week selling was at around 70p... I agree with your assessment of afc but I only trade aims shares and donot hold long term! ITM looks better for trade now as from yesterday though as I said afc is on my watch list for now... My lth in big companies only.. GL
The bod have obviously misrepresented Hurricane options scenarios by lies and to preserve their positions and salaries by bond holders... They based Hurricane financial future on old oil prices in the first half of 2020 where oil price was under $35 pb then on average instead of the last six months oil price of above $65pb and expected to go higher in the next few months by many oil analysts... We will have more than enough cash in july 2022 to pay the bond holders or we will be in a much stronger position to negotiate with them with huge cash pile by then...
Those bod need to be investigated for deceit and fraud by collusion with the bond holders to steal the company from the shareholders...as simple as that. Then when you read the restructuring plans details and the reassurance and guarantees given to bond holders they will better off after the restructuring plans! ...how can that be when they tell the shareholders Hurricane is broke and can’t progress for long,!! Absolutely scandalous if this restructuring plans passes the higher court..... CA will have a field day with those crooked bod..