Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just for you my friend..... no school boy mistakes. Its in public domain..... If I have to give him any benefit of doubt then I would say when he bought the debt it was not his intention to go on this route which BoD took soon after he bought the debt. Why would he put his name and career at stake for a small investment? But why do I give him a benefit of doubt, to shareholders he has proved himself nothing more than just a conman. Perhaps he is not the only one who bought the debt as soon as greed kicked in. Nobody knows who are these 200-300 lenders but we know at least one individual lender :) :) As you insist to see the proof, here it is: http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8892660/Yell-bonds-bought-by-Bob-Wigley-for-200000.html This is what you can find in public domain, use your own imagination to think what is not in public domain but hopefully soon it will be.
I did expect the question from you BP. A lot has been achieved, for a starter, how about Bod and his con artist Poodle not turning up for the meeting to face questions, if they have nothing to hide, where were they? looking for another company to re-act their con. A crime is crime whether a company is dissolved or trading. Chair first buys cheap debt and then gifts a part of business to himself as a creditor. I had to recommend your post for your courage in attempts to discredit HSG leadership. So my friend what is your agenda, are you anti HSG or Pro Hibu Con artists aka BoD. You cannot be a bystander because of your apparent interest in Hibu.
BP if you are truly a bystander and have no financial interest in this company you would have moved on by now. Your constant ranting speaks volume. Do-little have been advising Hibu and now they have become administrators too and you are advising people to ring them and ask if the EGM will take place or not. The EGM will take place and no one, no one can stop it. No one is saying that shareholders will out of EGM with a settlement, we know the outcome and you alongwith BoD know the significance too.
hole not whole....... but is whole hole for them
Shareholders be aware of clowns and thugs who have registered only to aside the current Board of Donkeys. The Board has just fired their last bullet in panic but shareholders artillery will open fire from now. As a result of today's RNS I am not losing more than what I have already lost then why panic. The BoD has just dug a whole for themselves.
Great, we have some more jokers and clowns on this board now...... specially joined to support the BoD. Get a life guys, Bob and co are now thing of past.
KNIGELK is on the finest posters here and I have recommended his post. Therefore, there is no question of being rude to him. You know who is hovering here 24/7 and at the same claims to be here out of curiosity.
I am surprised, how some people claim that they are here out of curiosity but they feel it is their religious duty to be on this board 24/7 and keep posting messages. Curent BoD are incapable sods and are perhaps now using these boards to puke utter bullocks. If they have have balls then they should bring on administration instead of wasting time here Anybody in their right mind would not say a word against HSG or suffering shareholders unless you are actually on the other side of the fence. By reading last few messages one can imagine who is who here.
As ever I could not agree more, you are absolutely spot on, what new directors are going to achieve? We should let these proven crooks and "mafia in suits" clowns run with their plans and set a precedent for the city. What a load of bullocks. Wigley and Co are running scared because their future is at stake. Once they are proven guilty no one will want them, I hope their families members disown them too. Let me tell you, one BoD member is currently director of over 10 companies and once his true face is shown to they city he is going to loose all of his directorships and he is probably making millions of pounds every year from these businesses. He is scared to death and therefore, BoD issuing administration threats. Do they think by calling admin everything will go away, NO CHANCE, shareholders lost the money only but those directors involved in this scam are likely to loose a lot more. BP, you seem very close to BoD, please whisper a message into their ears.... "Truth is about to prevail so be scared, be very very scared". Now to tell you what new BoD will achieve, a less experienced, less educated but honest director is much better than more educated and experienced crook. I have every reason to not to trust current BoD what excuse you have to keep them in the job and to post messages here against HSG and proposed directors. Logically, only BoD or their allies would write against HSG and would urge shareholders to not to appoint new directors. So, who are you exactly or what is you excuse?
I entirely agree with you people including lenders, shareholders and employees are being misled by no other than Wigley and Pocock. They have a three stage plan, shaft the shareholders then stab the lenders and finally phuck the employees. Your call is 100% accurate people are being misled
It seems now some of the BoD members and unethical lenders have joined this BB since announcement of shareholders' forced AGM. You lot are so pathetic and miserable. Had your strategy based on truth rather than greed, you would not have to go that low today.
Just to add further, it seems BoD is trying to shaft shareholders, then stab lenders and finally get rid of employees on a vast scale and then own a little tidy digital firm to themselves, milk it for few years and the make another killing by relisting it after in 5 years time.
Yes, BP I agree with you 110%. But what you are hiding, probably unintentionally, is the fact that BoD have not been totally honest. Bob is a creditor and soon you will learn who else bought the debt, MP and Bates received huge bonuses. So if the company is a basket case then why did MP turned down takeover offer for US operations, why did the Chair buy the debt (and probably some others too) and why bonuses were paid, they receive their salaries, bonuses linked with efficiency. To me viability of Hibu as a business is now a secondary thing, primarily, this corruption needs to be uncovered and perhaps seeing those involved punished will give same satisfaction as receiving my money back. Have you noticed why only 32% of lenders ( could be number of lenders or value of debt) are agreeing to BoD's plan. If BoD is offering them a cash generating company then why all of lenders are not agreeing. Just ponder over it, and as you spend time thinking about it just keep the figure of 32% in mind..... 32% of cocom is agreeing with the proposed restructuring, so who these 32% are..... I give you a clue Bob is one of them directly or indirectly because he is a lender too. I wonder if he has two chairs in the meeting room when in the Cocom meeting with Hibu takes place.
Hi Dredd.j Somebody from the Hibu Shareholders Action Group has sent you an email as we would like to talk to you about our approach. If you have not received the email then can you please drop an email to hibushareholders@gmail.com Thanks, I was in CTT and did join the action group but unfortunately because of my other half's serious illness I did not follow it though and hence missed 27p :(
Archie, you state that "shareholders dont want to dig into their pocket and fund the company" can you please tell me when did company explore this option and when cash call was made. In fact BoD never explored any other option, apart from what they have done. Deception and corruption are the only two words that define Hibu's BoD.
This needs to reported to serious fraud office. https://report.sfo.gov.uk/sfo-confidential---provide-information-in-confidence.aspx ------ Serious Fraud Office [SFO] case selection The SFO investigates and, where appropriate, prosecute cases of serious or complex fraud (including cases of domestic or overseas bribery and corruption) which, in the opinion of the Director of the SFO, call for the multi-disciplinary approach and legislative powers available to the SFO. In deciding what cases to adopt, the Director will consider all the circumstances of the case including: the scale of loss (actual or potential); the impact of the case on the UK economy; the effect of the case on the UK's reputation as a safe place to do business; the factual or legal complexity and the wider public interest.
Bob has said in his letter that 12,000 jobs are protected,but don't be fooled, this man is a liar and nothing else, just look at assurance he gave to shareholders not very long ago. Banks and Hedge Funds do not make money by running companies they make money from lending... i.e. make money from money. There are going to be massive redundancies very soon and Hibu will be broken to pieces... vultures. My advice is jump before you are pushed. This lot is not to trust and the new owners will be even worst.
I have reported news from www.capital-structure.com here on three occasions and every time their reporting has been 100% accurate. Here is what they have reported today: The hibu senior lender committee and management are finalising a term sheet for a lender-led restructuring that would currently see debt reduced by STG 685m (to STG 1.5bn) and lenders take the bulk of post-restructuring equity. Post-restructuring the capital structure would comprise a STG 580m four-year cash pay tranche paying 5.00% and a STG 920m....... That is all I could cut and paste from their headlines. If anybody have an account with them then please tell us more! Facts: Its a lenders-led restructuring means there is no reason that why they wouldn't agree to it Debt is reduced to 1.5 bln, nearly 685mls is wiped out Bulk of post-restructuring equity will be owned by lenders.... BULK not ALL 580 mln of remaining 1.5bln to be paid over 4 years @5%.... cant get info on remaining 920mln but I am sure there is plan for that too I feel liberated as I trust www.capital-structure.com Relax folks we will get a decent size stake in the equity.
As I said before it appears to be scaremongering tactics. It is almost certain Hibu is not going into administration and neither a scheme of arrangement is being sorted. Any other outcome will have to be approved by the existing shareholders. We are the owners and our employees cannot sack us. I have no dobut that within lenders they have acquired enough shares to pass any resolution. But having said that, can you imagine an resolution stating, "IT IS PROPOSED THAT COMPANY'S ORDONARY SHARES ARE VALUED AT 0p HENCE ALL SHAREHOLDERS ARE WIPEDOUT" and then expect shareholders to vote. This would trigger so many cases against Hibu. I think between 5 and 10% would be offered to the existing shareholders. Because BoD has repeatedly lied on a number of occasions therefore, they will have to look after shareholders to counter any revolt. In relation to being a plc or not after restructuring, they cant sack the owners to take it private, they will have to buy our shares. They might push the price to .5 region to get more of us to sell. Stay put if you can, a serious reward lies ahead for those who are prepared to stand up against these bullies.
Come on guys dont be fooled, yesterday's post regarding RI is full of bullSht. Ring IR they will read from standard script. Email them and they copy and paste same script. Do you really think, staff sitting on phones are allowed to share that much information with callers individually