Member Info for Hebridean9

TDF - You forgot to mention last weeks quarrel with the auditors, some mention of £20m shortfall at year end.

I think you will find IM is another 'hocked asset' with Riverstone having first dibs on any proceeds.

You really should research your information before posting blatant ramping lies on this board, you make yourself look stupid along with the people that up-tick your posts.

Stokey12 - Do you thing the refinancing will involve share dilution? Surely the new backers will be issued with warrants to the detriment of current shareholders. Your reply was very flippant.

Earlier post mentioned the M55 project would be suitable for UKEF funding. Riverstone have a fixed charge over the rights, title & interest in the M55 Project Agreement, so it's possible that UKEF will not grant money on a hocked asset.

Likely that all the proceeds from the project will go to Riverstone to cover outstanding loans and not be available to HARL.

Bubble - JW & Arun are the best de-rampers.

a lugubrious evening on here....jw & arun never fail to take the **** out of harl investors. why don't the shareholders wise up to these con merchants? chairman groat should be marching them off the gang plank.

Stokey12 -IOSS shares are traded via Asset Match, you do not have to sell back to the company.

Stokey12 - HARL is proposing to offer 20% discount to the current price of IOSS shares - £3.95 current the offer £3.16. Not attractive at all.

Stokey12 - H & W acquiring entity will be a special purpose vehicle (SPV) wholly owned by H & W.

Greenberg Traurig LLP are part of the H & W team so they are certainly throwing some money behind it.

Stokey12 - It's on the London Stock Exchange website - RNS 5192U

Looks as though HARL have made an approach to acquire all the share capital of the Isles Of Scilly Steamship Company. Offer has been rejected.

Bubble - Are you sure there are salt caverns at IM in Ireland? I hope JW hasn't told you another porkie pie.

DOG - Stick to your fantasies of your £1 party, everyone knows you are a paid potting shed ramper who insults posters that post negative views. Broomtree had you sussed out a pity others won't call you out as being a faceless bully behind a screen.

Some well managed profitable companies on the AIM Market. Doubt HARL will succeed on AIM while JW is CEO, his narrative is to string investors along with ambiguous RNS's. The RNLI (8th November 2021) was a cracker & the finance deal in 4-6 weeks (9th November 2022) simply shows his incompetence as a CEO.

The institutional investors worked him out and jumped ship after the FSS contract was announced since when the share price has fallen by 50% - not a good return, and now overladen with debt and awaiting a finance deal to dilute to below 10p.

Enjoy Consuela, cracking day as well in the Outer Hebrides, albeit only 12 degrees.

Lottie123 - Guess the truth hurts!! Surprised after your illustrious city career that you need to invest in penny stocks.

Wyndrum - If the company fails it does not necessarily mean mass unemployment, the administrators will look to sell the business & its workforce to new owners. It is the current shareholders who will come away with nothing.

MayAnya - I beg to differ, HARL is technically insolvent, why would the government step in? They have got themselves into this mess (as do many other companies) it's not up to the government to bail them out. The most likely outcome is a punishing share dilution, if that fails your shareholding will be wiped out. Don't be fooled about waiting for the best deal to come along, it has not arrived in 12 months & there is a reason why it hasn't.

Bubble - Have you been on the pop - Isle of Man Steam Packet ie Heysham & Isles Of Scilly Steamship Group are two entirely different companies. Two people recommended your post - beggars belief!

Another gem from JW - Why issue an RNS for work that has already commenced, something very fishy here, what is the equivalent of the RNLI in the USA!

LSE03 07:17 - Why does the contract qualify for UKEF funding? The work is being carried out in the USA by a HARL subsidiary that is based in Florida, nothing to do with the UK.

As an aside the 'rinse & repeat' cycle is kicking in, the buyers at 11 - 12p will now be offloading their stock.