The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I sold out first thing this morning as I think the shares will be suspended in the morning (much like AMGO). If the judge does not sanction the Restructuring Plan then I will be buying back in. The price maybe higher but c'est la vie.
GLA
I can't believe mcadder is still here after he sold up. Moreover, he's posted 292 times on HUR in the last 30 days. Have you not got anything better to do than clog up this board with the same repeated story. Whatever you say will have no effect on the SP. The market will decide that. Now run along back to your playpen, there's a good boy.
CA are only planning to remove the NEDs at this stage, which may be easier to do that removing the EDs. Once CA get a grip of the situation, then Maris will be on notice IMO.
https://www.lcfc.com/news/2136659/fa-cup-final-book-your-lateral-flow-test
Entry to Wembley Stadium for the game will not be permitted without a negative lateral flow test.
https://bidstats.uk/tenders/?q=omega+diagnostics#750387199-750321856-35
I received the same reply.
I've done the same. Keep fighting!
Significant shareholder Ordinary Shares % of issued share capital
Kerogen Investments No.18 Limited: 318,531,211 15.99%
Crystal Amber Fund Limited 285,144,438 14.32%
It's rather interesting that CA have built up sufficient shares for them to form a partnership with Kerogen to make a take over bid the company. Total shares between them accounts for 30.31% of the company.
Alavib, I’m up for the fight. Bring it on!!!
There is no doubt that the future scenario for HUR is currently not good. However, who would you trust at this juncture... mcadder et al or Crystal Amber?
I decided not to crystallise my loses in HUR on Friday due to the continual buying by CA and the buying since Friday's capitulation by the BoD . Due to price action, the SP was bound to be lower today but what I have learned is that the stock market is well and truly corrupt. If this proposal was a done deal then the SP would have been 0.12p on Friday at the open. It wasn't and there is a reason for that.
mcadder (and people like him) want you to feel the same pain they are going through, which is the reason why I continue to hold. There is always an agenda and mcadder has demonstrated this over the last few days with his incessant negative posts.
The proposal by the BoD is wrong on so many levels. They know it and so do CA and the current holders of HUR. Do not take the advice of someone that is as bitter and twisted as mcadder. Instead, make up your own minds and stay strong in adversity.
I think a good lawyer would argue that their oil price predictions are completely out of kilter with those forecasted by Goldman Sachs over the next 14 months. The BoD have deliberately put in low ball predictions to save themselves. And just remember what CA said about the HUR BoD...They have no skin in the game. That’s why it’s so easY to roll over to the bond holders. This will be the crux of CA’s case against this sham IMO.
I think the BoD have not exercised a duty of care to it's shareholders as required in law by Directors and have simply negotiated more time for themselves to continue to earn exorbitant remuneration for poor performance. With oil prices continuing to rise there is no reason why they couldn't have raised finance and/or sell of some of their assets such as LC to pay the bond holders.
If you really have crystallised a loss in HUR then I'm sorry for your loss. As I said before, it's time to move on.
I think your anger is fake. People can see what your trying to do. You even tried to change this thread. I've come across people like you before and your hidden agenda.
mcadder, if you're not short on HUR then why spend so much time on this BB? If you're really not short, then I can only conclude that you're a desperately sad individual. If you have crystallised a loss on HUR then you should move on.
PS: If this is a foregone conclusion, why did the market buy £2m worth of shares on Friday?
Wow, mcadder spent the whole of the bank holiday posting against HUR yesterday. If he truly believed in his short position then why spend so much effort to get people to sell?
With the possibility of losing £43m, I can't see CA simply rolling over on this sham. At this price, it won't take much for CA to gain enough shares to hit the 30% threshold to make a takeover bid. They were already halfway there not that long ago.
On the the HUR homepage, there is a warning about someone pretending to be Antony Maris. It reads:
"There is currently an individual contacting US law firms purporting to be Hurricane’s CEO, Antony Maris. The email being used is amaris@hurricaneenergyplc.com however other similar email addresses may be used. Please note this is a scam. Should you receive contact from an individual purporting to be Antony Maris and are unsure as to its validity, please contact us."
The minimum period for calling an EGM is 14 days so there is enough time.
Someone is buying HUR at the moment and my betting is that it's CA.