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Philbatch.......simply saying they don’t have a contract because nothing is over the line is utter nonsense. They do have a contract and WSG have elected to put it on hold - following Trumps reimposition of sanctions - whilst they investigate any necessary workarounds. The share price is where it is at - whilst the market waits to see if the workarounds can be implemented. If they can’t sort out insurance and the banking side of things - then it’s unlikely to go ahead. But nonetheless, the contract is there and signed !!
Philbatch.....taken from the RNS on 10th May....
“Whilst the contract has been signed, it is awaiting an exchange of board approval letters before it becomes effective”.
Where do you get the idea from that WSG don’t have a contract ??
Iran on Saturday said it expected the European Union to establish a legal framework by November 4 to bypass American sanctions and to allow the continuation of trade between Tehran and EU member states.
The European Union said Monday its members would set up a payment system to allow oil companies and businesses to continue trading with Iran, in a bid to evade sanctions after the US withdrew from a historic nuclear agreement signed in 2015.
Iranian Deputy Foreign Minister Abbas Araghchi said in an interview with the official IRNA news agency that “the mechanisms initiated by Europe should begin at the most by November 4,” according to Hadashot TV.
Airbus has an even bigger order, totalling some $27 billion. Though a European company, they need US consent as a large proportion of what they provide includes American components - so another reason for Chump to find a quick satisfactory solution.
Just look at how Boeing is likely to be adversely affected by the reimplementation of sanctions....around $20 billion.....and let’s not forget that contracts of that size support 10’s of thousands of American jobs. And that’s just 1 yank company. Sanctions hurt the US too......so I would think that even the “Chump" wouldn’t want to continue for any great length of time, before looking for a way to “resolve" the situation without him appearing to have lost face.
Slipperz, by lending the company their own money, with the promise of being compensated by future �free� shares. Especially if there�s a transformational contract signed - and a (hopefully) much higher share price, as a reward.
We do not know the internal affairs of the company - so how do we know if PF has gone to family members and employees to ask if they would help bail out the company financially, when they were on the bones of their arse, in return for free shares ? Let�s face it.....he�s manipulated so many shareholders along the years - to part with their money in return for �jam�, why not his own staff ? That might also account for the fact that no one appears to have money left to buy in ??
Tosh..... Peter is not going to let this slip, now that Iran have signed on the dotted line. Too much time, effort and money have been put in, to walk away. This WILL be the making of this company. I haven't noticed Peter selling any of his 6 million shares either......which is also a good indicator. I know that if I was in charge of a company, and knew it was going tits up - I'd sell !!
Where the contract is.........as long as the company I've got shares in, wins the contract (which we have) and starts to make a significant profit (which it will) and I make a substantial monetary gain. People need to get real - we'll never get a Heathrow or Gatwick or Stansted etc.......