Member Info for jonesrichard

Probably a buy, if not will be gobbled up by some lucky pi's or ii's no doubt!

Tomorrow all resolutions should be voted against and current BOD voted out and on July 5th all resolutions should be voted for which will replace the most influential parts of the current BOD with new BOD, that is my understanding of what is expected to occur between tomorrow and the 5th of July

please? 10.30am?

The key to this is the prospect of securing an extension of the AM contract with Bluewater on acceptable terms…something the company’s council said would be very difficult.

This from Judgement is interesting!

Having reached this conclusion on the evidence before me at the hearing, I received a further witness statement from Mr Bernstein of Crystal Amber late in the evening of 24 June 2021. This exhibited an email to Mr Bernstein (which he described as unsolicited) from Mr Michael Bonte, the Vice President Business Development with Bluewater, with responsibility for all commercial activities within the Bluewater group. He said that he had been listening to feedback from the hearing with interest and wished to correct the impression given as to Bluewater’s position by the Company and the AHC. In particular, he stated:
“...we of course remain very keen to progress discussions and investigate solutions and proposals to extend the charter of the [FPSO] with any existing, or new, management of the Company. We would be keen to enter into conceptual discussions around such extension constructs/scenarios with [Crystal Amber] now if you feel that this may assist clarify to the court? Various constructs could be put in place such as rolling six or twelve month extensions. Such constructs are typical in the sector for FPSO’s ‘on station’ if formal contractual lease extension options don’t quite ‘fit’ - and to prolong field life and maximise economic recovery for the benefit of all stakeholders.”

lets concentrate more on your prediction of zero value for shareholders due to the judge ruling in favour of the BOD and bondholders wasn't it? LOL!

Not one of your best predictions that one was it!

The general consensus seems to be that8-10p + is now possible after todays ruling.

"AIM-listed Hurricane Energy, however, shot up 29.3 per cent, or 0.64p, to 2.8p after a court rejected a debt restructuring proposal that would have virtually wiped out its shareholders.

Investors had been in uproar about the plans, which would have handed control of the company to Hurricane’s bondholders in exchange for forgiving debt and extending the repayment date on more. A judge said there was no urgency for Hurricane to restructure the debt now."

https://www.thisismoney.co.uk/money/markets/article-9734369/MARKET-REPORT-CC-Capital-plotting-4bn-swoop-Regus-owner-IWG.html

How much did your boss pay you to post that! LOL!! the deramp crew bosses/current BOD pulling out all the stops now!! Ha Ha!!

really should be a zero after the 9 in my view but confident that will come in time.

your boys took one hell of a beating! where have you got to?? come on lets be having you!

https://www.cnbc.com/quotes/HRCXF?qsearchterm=

+ 26.67 % currently

What value can be attributed to a company that was in the process of being deliberately sabotaged by the BOD basically for all the world looking like there will be zero value for SH then that BOD go in for the kill but fail which opens the door for a new BOD who actually want to create value for SH?

Obviously difficult to put a figure on that sort of turn around in sp terms but you would imagine it should be double figures, the only question is what the two figures will be!

Something you can never quantify or measure is change of positive sentiment and turnaround in an sp due to a change of BOD and direction, that is something that your charts or figures or whatever else you use to state what a fair or unfair sp is moving forward. Let's see but I don't think the news has really travelled yet today or the sp would be in the 3-5p + range if it had imo!

The general consensus was that once the ruling went in favour of SH the sp should then be ripe for a move beyond 10p, may take a few days then again todays volume and buying pressure suggests that it could be this week at some point! then when new BOD are officially in place post July 5th the sp should continue a nice increase from that point on, as always time will tell!

Did we really expect anything else? it's completely irrelevant what they put in any RNS moving forward as they are now done! their only hope was somehow pulling off their attempted coup along with the BH but it has failed! the problem with a failed coup is if it fails then you are bang in trouble and the other side will punish you!

The news could be reflected in the sp today or it may take a few days, either way surely a significant rerate is on the cards now bearing in mind a huge cloud that has been present for a good couple of years has just been lifted, not sure where that should take the sp but I believe it was in the 15p + region before this BOD turned to the dark side therefore surely it's not unreasonable to expect to see that level again here soon. As always time will tell, please everyone DYOR and GL!

What would be the point? waste more money? no thanks, they will be voted out within days now so I don't think we need to worry about high court appeals. lol! the trolls seem to be trying to grasp to anything they can! sad day for them today!

Indeed he has, congrats shareholders, the company has a future once again! presumably resignations from the current BOD should appear anytime now!

From everything that was put forward by both sides throughout the three days of the recent hearing, yes, very confident of a positive outcome for SH, in saying that anything can happen when it comes to a court hearing but as confident as one can be presuming the judge has taken everything on board which I'm sure he has.

Nope. Any thoughts on the equally huge buys on Friday?