Member Info for Jfallonirl

senseman- I know you have a beef with "asimpleinvestor" but I can assure you I have no alliance with him. It's just I happen to agree with him on this issue. My comment was a fair point. I have no interest in downgrading the share as I am currently running at a slight loss. There are many ways to value a company- 5 ways technically and not just net asset value and any auditor will always look at the going concern of a company when giving a true and fair view of a company so future profits are a consideration. When you say tax credits and I am no expert, this would have a value but if the product (i.e. the well runs dry) the ceases to exist (whenever that maybe), then those credits will not be obtainable- correct? I don't know the answer to that but if that is true, then you would also need to take that into consideration when looking 12-18 months down the line (if that timeline is somewhat accurate). Anyway, lets hope CRS or Hurricane come up with some good solid information this week of where we are at.

Are you referring to me as Jally or someone else?

exactly- More elegantly put than I! lol

I understand we don't and it isn't but as an investor would you even buy into a company that may only have a product that have 12 months left for instance. If you did you would want the share to reflect that risk no matter how much money was in the bank. Obviously if we sell the company to a company that has more assets then happy dates, likewise if the capital reduction program kicks in with dates/timetable then that maybe worth it also but if neither happens for instance, I would be leaving before I finished the end of the RNS!

But how can the business be valued at 50p if there is a going concern issue?

So Isn't that what is happening here- It doesn't matter that people are saying that it's work 10p-14p. You can can have £1bn in the bank but without a product, you don't have a business and your share price is zero!

asimpleinvestor- How long before the well runs dry roughly and thus the company ceases to exist if nothing is done to expand?

easyp- Couldn't sum it up better myself! Really need CRS to start informing us as HUR are not. I have tried contacting them both without any response. Their PR is rubbish. At least when Sirius did one, they were polite enough to respond quite effectively!

Just wondering if someone can share some clarity.
On Jan 12th, CA Withdrew their threat of an EGM to oust some/all of the board.
There is no date on there stating Feb 6th so where are people joining the dots to get to that date?

Hi,

Just a thought. There is no point contacting HUR BOD as they will tell you anything but has anyone tried contacting Crystal Amber for some level of clarity on where we are at with FSP and whether they are content with how the process is going or to suggest timescales for the capital reduction programmer. Couldn't do any harm you would think

Not at all. It means the court has approved that the payment can be made but the board had the condition if the sale process comes to nothing first

As mentioned before, I'm not overly convinced that the board want to give the capital reduction nor sell but ideally remain getting handsome remuneration packages and do nothing in return and be accountable for nothing.
That aside, if no sale is on the table and they are true to their word of a Q1 payout, then if it was a "normal" dividend, my research says that from declaration to payout takes 21 days minimum so ultimately they have until end of the month before actioning things. Anyone more knowledgeable on the process? I do think that if this does drag on with excuse after excuse with no evidence of a sale coming closer, that we all need to do something proactive at the next AGM or put pressure on Crystal Amber to do something. Suggestions welcome.

Is it too negative at this hour to say no deal achieved and the court rejected the capital reduction which would leave us in a right pickle!

Totally agree. I can't help but feel from the very start that this was all a delaying tactic.

If it wasn't for CA (which I hope is the genuine responsible adult in the room) I would be very techy.

At the moment, I'm just techy . I only need 9.15 to breakeven but once there I will be taking funds away from here as it's not a nice feeling investing in a company where management don't give PI's a second thought. Already had experience with Sirius Mineral and only just got out unscaved! Sent HUR communications and PR an e-mail this morning to try and get info on yesterday or to request an RNS providing info and yet radio silence

Corry- Yes and when I got the secure message- it was only a link to Jan 11th RNS which was of no relevance so still none the wiser.

That may imply that they actually care about us!

It would certainly have been the correct thing to do

When you say account management home page on ii, do you mean the summary page with an overview of each trading account or somewhere else?

Thanks,

Spoke with ii. They have received documentation but nothing has been confirmed so not published.
He mentioned an acquisiton (he may have heard wrong) but was later withdrawn in a meeting that they had.
I will receive the primary source in my mailbox shortly to read through as he was just relaying it.
So, nothing concrete at the moment

I'd love to say I understand but you may need to go a bit slower. I've got interactive investor and I can't see anything different. Can anyone advise on if I'm correct or looking in the wrong place?

Senseman- Are you saying you received the funds?