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Well I am very much going to support, I was anyway, but the presentation has confirmed the action is worth it and have some faith with the people involved.
Hopefully I can get access to the later call next week as some questions on the qty of shares / loss but ultimately I will do a full information draw down from II and then do a simple purchased price vs sold price to work out the loss and that should do the trick, just might take a few pages of a spreadsheet to do it as I was very active whilst trying to build my holding (even selling on dips) to try and gain more but the direction of travel was always one way so won’t be too strenuous to work out.
Overall this is really energising to start the process and can’t wait for answers and hopefully if the case built up is very strong I would like to see this process pushed as far as it can go.
Thanks to the CAG group, as with out this we would be a few hundred people annoyed and no doubt 5-10 small fractions doing very little given the costs to seriously push this but as a few hundred it really is a different story, and I really hope all involved understand the questions they will have to now answer in full.
This board is the usual trading vs investment conversations that go on every board when people are not in profit and people are trading because Renault swings occur.
For me I only became aware of GST earlier this year and after some digging around I am happy to invest and continue to add a little where I can to get a small holding.
My view for what it’s worth is I can see results showing too much although acknowledge there is some potential for a shift that’s decent for share holders.
My time line is end of year / 2025 to see where this goes because if they do get it right this is one of shares that can generate a lot of revenue/profit and not require huge capex/opex so a genuine chance of significant SP progress.
It’s not strange at all, they are e potentially a buyer but the seller is in control so being respectful of their ownership and acknowledging what they offer (incase they decide to not sell later) is sensible and a nod to the fact you could be interested also makes sense.
Thanks for your view Ryan, I stand by my statement based on my moral outlook on life.
I would accept less money back to see justice prevail (if wrong doing has taken place) and don’t see any issue with that at all.
No one takes it with them and I don’t have huge amounts but money has never been, and will never be, my biggest goal.
However thanks for taking time out for your second post I feel honoured.
RBM, you guys are involved and have more detail than me so currently trust any decision you / mr cotter feel is appropriate as when you have leas information (me) it impossible to suggest a direction.
My personal view is this BP involvement later is just another direction others after coming at it compared to the route of class action given the different requirements both parties have. However if a company like BP feel there is reason to object then it only helps support the class action process at some stage in some of “our” arguments.
I do want my my back but would accept a lot less back if I knew the whole truth and if there was wrong doing I would trade the money to see some action on individuals or organisations.
Keep up the great work and hopefully one day some of us in the fringes can help support more
Mammac, it’s not an AIM share, and with the amount some have lost the choice to crystallise that now or proceed with an opportunity to get some back for probably 1% of what they lost is a no brainer.
Accept the lose by all means, but to do nothing seems a strange decision. Go to the planned teams calls and ask the right questions there before deciding is my suggestion
Tonlin, I understand I guess the question is if you don’t you 100% crystallise the loses or pay a small amount to have a change.
My advice as mentioned by others is sign into the zoom calls, listen, and then make a decision as I assume 1 question everyone will ask is “what are the chances of a successful outcome” and “how much is it costing you/your company to support us until the decision” as they will help people decide.
For me personally the money is ok as I just want all the information out in the open regardless of result.
AndyOZ, 100% it provides a potential future funding stream that was not there yesterday so regardless of the noise it’s positive for the company overall and I am sure can help with leverage as well going forward.
What does it matter if the CAG offer an opinion today, tomorrow or 2 weeks time? If we are embarking on a class action process it’s years so an immediate response is not always beneficial and from this point anything written shouldn’t have some legal scrutiny or oversight if it could be contentious
Stop panicking about impunity from future action.
I would assume it’s putting in place impunity that the process itself can’t be reversed as once SL have it they are free to do what they want with it and if the process is completed the impunity will be that the act of SL buying/taking it is final and not reversible.
The process would not be able to dictate that everyone involved gets a free pass from activities in the past, but it probably dictates that SL can’t suffer from any future outcomes.
Thanks RBM, the process the company is being pushed through is well trodden and with exception of some COPL specific words it follows a process that is legally ok and will pass through.
As the CAG are doing all that can be done is you formally oppose where possible, and interject where you can but the purpose of that is support the long process of class action that follows not with any real hope of altering the course.