An aside for the supersleuths...22 May 2019 08:28
From roberryroy on sav board. This may have nothing to do with us, astersik highlighted bit is my own emphasis, but could that be what Hope wishes to fall back on?
Begins.....
Not true trek.
Golden eagle was set up to get oil leases in Alaska from NordAq when NordAq defaulted on repayments of a loan AK and Lothian made to it while Devine was in charge. Despite NordAq (Devine) raising further funds Via a farm in for NordAq.
When Devine left NordAq the new owners of NordAq wanted the leases back. You can see there was lawsuits between AK and Lothian Vs NordAq. I was mentioning it on this board at the time, and I believe the lawsuits was subsequently completed in private.
*****The link I posted yesterday showed that golden eagle (AK) has passed the licences back to nordaq but kept a 1.5% royalty. *****
This seems to indicate That AK has had to transfer ownership back to Nordaq for whatever reason. This happened on Oct 18, so I expect will show up in the accounts for GE over the next year or so.
I don’t have facts, I don’t think many people will have bit it’s all a bit murky. I did hear a rumour, unsubstianted and I believe it was alleged in the court documents that the ex ceo of nordaq (Devine), subsequently went to work for Lothian (of whom AK is the 100% owner of holding all the shares today I believe) which, if true raises a question as to why he would be in favour with Lothian and AK having lost money to a deal with Nordaq. They did get some oil leases next to a rumoured 5billion barrel oil discovery though.....
I don’t expect this post to be up for long. (Robroy)...ends
but i have a copy if it does get removed from both boards