Member Info for Karina1

Try an email to Mr Winters and cc in Nicke Emmerson at SI if you have any concerns, I have found them pretty responsive. You could cc in Spark but that would be a waste of a few key strokes IMHO

Good to see you on hear CJohn, its slightly livelier than ADVFN, slightly...........! K

If I was Sretaw, i'd go for a cash settlement, before the trial. This would likely amount to 10m m�nimum? 8m break clause + Craven's costs. Sretaw could well lose, and if they do, the cost to them could be much higher than 10m pounds. The judge could order the original transaction to go through. This would obviously be a tremendous windfall for Craven. It seems to me they could then themselves sell Panda on and make a huge profit, (tens of millions) given Panda's likely valuation in current circumstances. However, Sretaw also have a significant chance of winning the trial - though less thean 50% in my view, based on the limited information we have. And their legal advice may be over-optimistic. So Craven could end up losing and having to bear their own legal costs. Given the judge's comments in the discovery trial re the solidity of Craven's case, I can't see Craven being held responsable for Sretaw's costs.

Cheers Rusty "CHC claims that it signed a binding heads of agreement (HOA) with Waters to buy Panda for �78m in March 2015. It claims Waters backed out of a legally binding agreement as he feared he had sold out too cheaply. CHC is now seeking the �specific performance� of the deal or damages, or both." OR BOTH..... 86m Euros deal for a company with a market cap of 11m Euros or so, and Panda now worth significantly more....... Panda have the most to lose here, so we could hear of a settlement at any time..... However, I can see why the Company would not want to attract a load of traders gambling on the outcome though.

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Whilst CRV do not feel the Panda case is yet to be classed as material, the Irish Times clearly do. You can log in to read two articles for free so do not have to subscribe. https://www.thetimes.co.uk/edition/ireland/giant-pandas-next-steps-338jkj2b7

I would say its incredibly positive Steve, though it does not make for easy reading for us mere mortals ! My take on this is that Sretaw have being trying to find out what documents CRV have to prove the 78 million Euro deal was put in place and Mr Winters has played a blinder in keeping these from them until the full trial. The next date in the legal diary is currently the trial at the end of November, the questions is will Sretaw want to take a chance or will they prefer settle this earlier not knowing what they will be facing?

http://www.courts.ie/Judgments.nsf/09859e7a3f34669680256ef3004a27de/d5847a097092c099802581c40045290e?OpenDocument Conclusion 18. For the reasons aforesaid, all the reliefs sought by Sretaw in the within application are respectfully refused.

I understand that the 28th is the full trial Steve, scheduled for 6 days so that should then be then end of the matter. Unless one side appeals the judgement......!!

Despite there being a slight dilution of the shares between the 17th May and now, the updated tear sheet shows that Roy nominees and Amber Fortress have slightly larger holdings than they did in May.

I am sure its coincidence TC but website updated ;-) Auditor Grant Thornton International Ltd

Latest Update. Been to the Appeal court last week, then the High Court Thursday and Friday last week. Back in the High Court 16th, 17th and 23rd October.

One thing you can say about CRV is their consistent promise short, deliver long policy..... 23/08/2017 Approval of the TSX is anticipated to be received in approximately four to six weeks from the date of the Circular.

To be honest I do not Steve. I think we will still end up at a full trial in November. Panda had 2 defences, firstly stating the deal never existed, which I think its clear after all this time has not held up. Secondly, that too much time has elapsed since the original agreement for it still to be enforceable. For Mr Winters and Mr Burrows to join CRV having taken on the case I am quietly confident that CRV will end up with a compensatory payment that could run to many millions. According to press in Ireland, they feel that Sretaw are simply trying to withdraw from the deal as they felt the valuation was too low once their economy started to improve. Lets hope the Judge sees that for what it is.

That's five of us, we can share a taxi to the AGM.............!

Oops and Rusty ! ;-)

If there is anyone other that TC and Steve left......! A quick court update Back in court on the 9th, 10th and 23rd October. Looks like we are getting nearer to a decision at long last.

FMCD Ltd imports, distributes, and sells lubricants and food products in Angola. The company's clients include Sonangol, Maersk Drilling, Sonatide, Halliburton, Robert Hudson, PlusPetrol, Eni, Chevron, Hercules, and KCA. FMCD Ltd is based in Angola. So that's $172,500 interest in the next 12 months from FMCD. If 7Mobile utilise their full facility and the interest rate is the same (described as attractive) that's up to $300,000 a year, who knows if the Greek hotel pay interest on their $2.5m loan. We should see CRV as an AIM company generating a profit in this years numbers.......

Renewal of Convertible Loan to FMCD Ltd On 30th September 2016 the Company announced that it had provided a $1,500,000 convertible loan (the "Loan") to FMCD Ltd ("FMCD"), a company specialising in the import, distribution and sale of lubricants and food products into Angola. The loan originally had a term of one year, and carried an interest rate of 5%. The Company announces today that the Loan which remains in good standing has been renewed for a further period of one year on the same terms.

Court Case South African Loan Book FMCP loans mature DLC to list in the next week or so Results in November CRV is currently an exciting place to be invested, how often have we been able to say that in the last 5 years !?