Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Looed - Without the Discovery, then the judge would be siding with Hope on what had been disclosed. That didn't rule out the Discovery could reverse that view.
If there is no smoking gun, then surely with what was inferred by the judge in the Cayman's, Hope would be more likely to win. This reason, plus the threat of a criminal case leads me to believe that a smoking gun is present and to why Discovery wasn't completed.
Pre-settlement, if the reason for bringing the case to California wasn't listed due to Hope's residency and business address, but for the potentiality of a criminal case, even after a CRS.
Apologies for the predictive text listing you as Looked. I'm using my phone ATM.
Sorry smoking.
Phil - If there's no obvious 'soking gun',then there's no reason not to file what has been found and complete Discovery. As for the court costs, initially they were paid from insurance and whether they reached a limit is unknown. We know that the money ran out for the FTI case, but without knowing the wording of the policy, there's no knowing if the limits applied to Director's individually or to the company taking out the policy.
Looked - The reason of Hope's residency was given to move the case from the Cayman's to California is correct,. However, if the real reason was due to the possibility of a criminal case, then by disclosing that reason, it takes away the threat of completing Discovery, which could be used as a negotiating tool
IMHO, this was the reason why the case moved to California.
EkXoc - Your forgetting that Discovery wasn't finished, which suggests that a 'smoking gun' was found, otherwise, there's no reason not to finish discovery. If CRS is achieved under the Californian jurisdiction, it doesn't negate a criminal case, if discovery unearths a criminal act or acts.
Thanks, wodewick.
Can somebody post a link please.
The 'noise' of the court cases is almost complete. Now the hard part, namely the Geopolitics. The polarised GD with Ivanishvilli as a puppet of Russia or Misha and the National Movement hasn't worked, but perhaps a new coalition will work. Not many politicians admit to making mistakes. Therefore, Gakharia's break from the GD and his admission of mistakes, provides optimism IMHO.
Thanks.
That's not the article I wanted to copy. Click on the menu in the article and politics. Then the Gakharia article from February 17th.
www.georgiatoday.ge/gakharia
www.georgiatoday/gakharia
Sorry predictive text, should read Looed.
Also, remember the context of my initial posts on the subject. This was after poster's were suggesting that ZM was the villain and SH/O was the saviour, who might takeover FRR and give shareholders a payout. I was merely pointing out that SH/O had never helped FRR, but that Zaza's actions had helped shareholders, even if his actions weren't necessarily for the good of the company, but for himself. Like I keep stating, I'm sat on the fence on this point, but I'm convinced that his actions have kept us in the game and that SH/O was not in charge of a vulture fund for our benefits.
Looked - SH/O didn't expect the actions of ZM, so didn't have a company like the previous Russian entity ligned up ready. FTI had previously stated that the 5% Royalty Deal was of 'dubious legality.' Therefore, without the extra layer of complexity to unravel, FTI might have been able to reverse this 5% Royalty Deal. In my initial post I did state 'or' that the GG would get Block 12. Either way without the actions of ZM, shareholders would be stuffed. Either SH/O would have got the lot ( remnants after liquidation or Block 12 is immaterial, it just means shareholders get zilch), or another company appointed by FTI (more time would have been available without ZM's actions), or the GG gets the lot. None of the three options benefit shareholders, so Zaza's actions even if for his own greed have kept us in the game.
Names - Thank you. I'm sat on the fence regarding whether Zaza knowingly engineered this or was just being greedy. However, I agree with you that if he hadn't tried to steal Block 12, SH/O would have gotten the lot.
Ziggy - No, as GC was supposedly owed oil for which it had already paid. Otherwise FTI would have dealt with SH/O who had triggered the liquidation process. In which case I would have expected shareholders to be stuffed.
Ziggy - Precisely, and if Zaza hadn't tried to steal Block 12, FTI could have sold it to SH/O or a Russian company, such as in the previous liquidation attempt by SH/O.
tsbs1 - I maybe wrong, but at least Zaza's actions whether taken just for his benefit or the benefit of shareholders has helped keep us in the game (he will benefit with us as a shareholder). I can't picture any benefits for shareholders if FTI or the GG had taken control.
Please explain how we would be in a better position if FTI had gained control of Block 12 or the GG? Remember SH/O has form doing a deal with the liquidators with Madagascar Oil. I'm not defending ZM, just pointing out the facts, that the alternatives to his actions would have been disastrous for FRR IMHO.
I'm not disputing the blatant theft. I'm just pointing out that without it, we would probably as share holder's lost everything. I'm just pointing out that with the high probability of getting caught, and the theft resulting in saving the asset from FTI and possibly SH/O's control, the reason for the theft might not have been personal greed. Some on here were thinking of SH/O a possible saviour and only ZM as the villain. Well, SH has done nothing for FRR, but ZM's actions have resulted in share holder's still being in the game.