Member Info for Kenirogas

PJ, your accusations against Star are getting a little tiresome mate.

Star has provided significant information (at his own expense) for us to evaluate. Certainly more than you or I.

Ok, he failed to spot the significance of the last para in the judgement from the 18th, and has has accepted that he was wrong to make that comment.

The fact that he bought an extra 5m the day before suspension puts him in the right camp for me.

Could someone check my submission pls?

Had to change email address, but had no notification yet

TIA

I wouldn't worry too much CF, its weeks old and has been superseded by discovery, another hearing, and yesterday's stay proceedings.

250m each iirc....

They declined

Where's RR? Filtered a long time ago....;-)

Second the thanks to moose an others and also to Star for initiating tonight's entertainment...even though I disagree with his current sentiment.

Waaay too much immediate emotional posting earlier, glad to now see some more considered thoughts coming through. The box is definitely not empty, BP have not distanced themselves from FRR, and I just can't see this being some sort of conspiracy between Hope and the long-term BoD.

Neither do I believe Hope has much chance of remaining as a director in light of the current proceedings.

Without substantially more evidence from discovery ( which may well have become apparent after the date of the hearing transcrpit unearthed today), it does seem we have little chance of winning damages.

So imo our best outcome now is approval of the NY loan, OOCS to pay OR and remove Hope, then carry on with whatever is in the pipeline.

Definitely not a write off yet....

Not sure I agree there fut1a..

There is now way their comments can materially affect our current position, unless anyone is prepared to sell on the private mkt at .06p.

All info is in PD anyway, and Id rather we got to it first than play off the back foot all the time as was happening before the injunction.

Fwiw, Star, i believe you have been straight and open ( having mitigated your exposure as you saw fit, as Im sure any of us would have done).

Imo no one except the really desperate is likely to sell to WShak at that price, so no harm, no foul...

Glah, we wait...

Thx Star/Bez...I'll go look again.

Think I must have missed a whole batch of mails.

Star...this bit "My reading of the emails is that Hope was correct in refusing loans that weren’t below Outrider as that seemed to be the outrider agreement."

You seem to ge the only one who has identified a seniority clause issue from these latest mails....which bit of them shows this please? I've failed to spot it so far....
Thx

Just searched... member not found?

Monday? ;-)

Good weekend all

Zen, per your Q earlier, look for bugsy-b's thread abiut 10 items down on his profile..

GOGC's Giorgia Tatishvil also confirms that arbitration is still "Ongoing". Details around it Posted jan 31st...

Atb

Marbur...

Not while the price is rising Cobra ;-)

That's my take too AJ...same emails we've been picking over with nothing extra.

On the plus side, we appear to have got the info at the same time, if not slightly ahead of, TW and crew...

Perchance they have lost their advatangeous source? ;-)

Zen, thought I saw a post on here referring to it, but didn't dig any deeper...

Referred to a senior minister, but it may have old news being repeated?

Zen,

Didn't GG confirm last week that arbitration is still ongoing as far as they're concerned, or did I misunderstand?

Many will disagree, but I think ZM's nothing to worry about statement is likely true from his perspective.

I can also see why the 97% wasn't mentioned...TW has word of it before the rest of us, and the short attack was in full swing iirc.
Imagine if ZM had come out and said "oh yeah, and GG wants 97% of our asset back"

In terms of 'that comment' it would have been based on a risk matrix, with the BoD (rightly or wrongly) assessing the risk of losing 97% of the asset as very small indeed.
Should we have been advised of the extent of the arbitration claim? Arguably, yes, but the line between day2day running of the Co and notifiable information will always be flexible.

So we wait, but after a day of going through the latest revelations, and reviewing the subsequent event timing, I'm still erring on the glass half full side.

GLA

Currently wishing I'd been a little more circumspect here...I've got 1.5m of the buggers.

Not as much as some, but it still smarts..

COmms via RNS-R or Reach, service..

A Stock Exchange service for unlisted companies to publish RNS type info

When you're ready, Chaps....

Agree Tsbs

So to summarise, Frr instigated the default action by Hope triggering the current court case?

Whichever way I look at it, there is no way they didnt expect to be in this situation imo