Member Info for ldlv

If we count the 20 business days required that appear in the link below "London Stock Exchange Admission and Disclosure Standards" Afren requested the cancellation the 13rd of July 2015. Is there any other rule that talk or are applicable to cancellations? Because that, the request was done before suspension that was the 15th of July. How can it be even possible? It appears that the rug is being pulled away from under the feet of Shareholders in a very suspicious manner. Cancellation rules are here, pag 33: http://www.londonstockexchange.com/companies-and-advisors/main-market/documents/brochures/admission-and-disclosure-standards.pdf Cancellation 3.20 An issuer that wishes the Exchange to cancel the right of any of its securities to be traded must advise the Exchange in writing, not later than 20 business days before the date it intends trading in its securities to be discontinued. An issuer is also required to announce the intended cancellation of any of its securities through a Regulated Information Service. If agreed, the Exchange will announce the intention to cancel individual securities through the Datasync Email Service and the intention to cancel issuers through a Regulated Information Service. 3.21 Cancellation will only be effective subject to the issuer complying with any legal or regulatory obligation and providing the Exchange with appropriate confirmation.Cancellation will only be effective once all outstanding subscriptions, charges, fees or other sums due to the Exchange have been paid in full.

So, If the administrators had no clue, so, who applied for the cancellation, well before the date of the EGM and Scheme meeting? Was there even truly an EGM to be held?

It is a pleasure to see you here!

can anybody tell me when the SEPLAT deadline is?? I tell you, this week...

your 21 posts are a source of inspiration, give me strength

20 business days! Any takers, can anybody find any other rule as Tony is suggesting? We called the administrations, they don't have a clue!!! what is going on?

I guess this rules below apply to the cancellation? If it is true they requested the cancellation 20 days ago? It means 20 July! Cancellation will only be effective once all outstanding subscriptions, charges, fees or other sums due to the Exchange have been paid in full. For that fees they had the money? Administration was announced the 31st? what the hell is going on here? http://www.londonstockexchange.com/companies-and-advisors/main-market/documents/brochures/admission-and-disclosure-standards.pdf Cancellation 3.20 An issuer that wishes the Exchange to cancel the right of any of its securities to be traded must advise the Exchange in writing, not later than 20 business days before the date it intends trading in its securities to be discontinued. An issuer is also required to announce the intended cancellation of any of its securities through a Regulated Information Service. If agreed, the Exchange will announce the intention to cancel individual securities through the Datasync Email Service and the intention to cancel issuers through a Regulated Information Service. 3.21 Cancellation will only be effective subject to the issuer complying with any legal or regulatory obligation and providing the Exchange with appropriate confirmation. Cancellation will only be effective once all outstanding subscriptions, charges, fees or other sums due to the Exchange have been paid in full.

The administrators for Afren PLC, Alix Partners will be failing in their duties if they do not now investigate and possibly consider all of the subsidiary organisations and their assets at least, as a single group of companies or to be acting upon instruction of other organisations. It is Summer, the oil price has not yet reacted to Saudi Arabia’s announcement to curtail production which could provide a better future price for Afren revenues and asset pricing in a few months. However according to the newspapers today, there could be a rapid firesale of Afren’s assets by the administrators. Very strange! I would question. Is that another mystery in itself? Surely this would only further add to the alleged wrongdoings which have occurred, we will be watching for the beneficiaries, we have PLENTY of time!

The Administrators have a statutory duty to investigate and report on the reasons for the Company’s insolvency and the conduct of the Company’s directors. After the Simon Hawkins confession yesterday we can't allow ALIXPARTNERS to launch a fire sale! We need to protect the retail investors, this is a life changing tragedy for many hundreds of retail investors and their families and there is a PUBLIC CONFESSION that need to be investigated.

There is a broader picture here where vulture funds are targeting London listed companies with a large retail investor base by picking up the debt on the secondary market for a fraction of the face value. Subsequently, certain advisors are brought in the name of restructuring which practically means a destruction in share price, huge and disproportionate write-downs, shareholder wipe out and a transfer of assets to debt-holders through administration or a scheme of arrangement. This will have long-term ramifications for the reputation of London market besides being a life changing tragedy for many hundreds of retail investors and their families. The destruction of this FTSE 250 company in a matter of a few months is the folly of breathtaking fraud at the expense of its shareholders. ALIXPARTNERS I am and many others still reeling with anger with the response to one of the shareholders and myself genuine inquiries and you are still indicating. "The Administrators do not anticipate that there will be any funds available for distribution to the shareholders in this case." The Administrators have a statutory duty to investigate and report on the reasons for the Company’s insolvency and the conduct of the Company’s directors. So PLEASE don't anticipate anything else until you FINISH your investigations and report. We sent the Administrators Simon Hawkins confession and forwarded it to to the FCA too and our US Colonel sent it to the SEC in USA.

afrenlegalaction yahoo com

* Pursuing legal action if evidence supports prima facie case that defendants (as yet unknown) are liable, via lawyers employed on a ‘no win, no fee’ basis or with 3rd party funding. As a group we do not believe that the BOD explored all funding opportunities available to them over the last months, and that they were fixated solely on the over-complex bondholder recapitalisation offer which essentially cut shareholders out of the company’s future. If you agree with all or any of our initiatives and / or think you can contribute to these, we would be very happy to hear from you at: **************************

We are a grouping of over 100 Afren shareholders who initially came to together to discuss and explore the shambolic chain of events that have led Afren to where it is today, and to attempt to discover the truth behind the sometimes incomprehensible actions of the board of directors (BOD) and management over the last 12 months. Our core active team includes investors from all over the world, former Afren contractors, and associates. Whilst we continue to seek the truth relating to what has happened, and were unanimously AGAINST the proposed recapitalisation, we are also focused on: * Pursuing any opportunity or contact that might help to influence a positive outcome from Administration, and a viable future for the company and for shareholders. * Ensuring that our side in this story gets out to the international press, and highlights the injustice in the treatment of shareholders throughout this year. * Maintaining dialogue with Regulatory authorities and elected representatives (in UK and US) with a view to exposing any wrong-doing amongst Afren's BOD (past and present) and bondholders.

streuth, we got an information this week from a person close to the company that some of the directors placed in Nigeria are trying to red circle First Hydrocarbon Nigeria (FHN) a wholly owned Afren company and its assets in West Africa and other places around the world. We must pay particular attention to any intended sale of that company as a whole and ensure that won't happen or we will ask for responsibilities. Word is they are trying to get it for next to nothing. We made the administrators aware of this information, FCA, SEC and some MPs are made aware too They are aware of Simon Hawkins confessions yesterday. nims and others, just send as an e-mail to us and we will send you information and add you on the list afrenlegalaction yahoo com

He apologized to ASOG, FACT I promised TW not to post anything else from ww, but if I get anything in regards SH I will send it to you and you decide what to do with it

we will need all the support we could get, but as far as I know you are already a member of our group. Didn't you join our group with a dummy account? If you prefer to use your real e-mail, please let me know what e-mail address I need to delete from our list to replace it.

didn't WW apologize to ASOG already?

"If any shareholder, company official or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly".

"Mixing business with pleasure - learning that Afren execs privately owned undisclosed stakes in FHN, one of the Company’s subsidiaries. I should have resigned there and then. " We need to protect FHN Afrenlegalaction Yahoo Com

"The real victims - taking the flood of calls from shareholders who had lost their life savings and more. Haunting and heartbreaking. Genuinely." His confession is giving us great relief in what has been a truly NIGHTMARE for us. We need to protect the company and we will hopefully find third party companies ready to step in. I feel frustrated that the jobs couldn't be saved, i couldn't sleep well for days. The FCA, SEC, MPs, Administrators are now aware of Simon confessions. We need to protect the technical contracts in the Nigerian properties and stop the thieves. afrenlegalaction yahoo com