Member Info for OneDayRodney1

Errazel: he's done a pretty good job of convincing us otherwise. He rang Mole to that end referring to it as a 'bump in the road' and it effectively massively reduced our finance raising options and almost certainly lost us the 60m lined up funding.
Methinks you're mistaken.
GLA

Good morning StarRage
Can you please elaborate on what has happened with your action against Cairn?
Did you win or is it ongoing?
DId it go to court or has there been on oocs?
Apologies if you have posted this information before ... there has been a lot of noise so I may have missed it.
Any information you are happy to share would be welcome as there are, no doubt, others on here who may want to consider taking similar action.

Gipps: what evidence do you have please that the oil if flowing?

Sadly he is lacking on the apostrophe front too.
Mind you that is nowhere near as bad as those who stick them in plurals left right and centre .... grrrr ...

Sleuths: please redouble your efforts so that we can get back on to FRR comment!

Arsenal: one would hope so, but we know from what has happened with Maples, that we had no money to pay them so probably don't have monies to pay YA either. My guess is that YA won't have been paid but perhaps are now closer to Zaza and maybe aware of potential finance and so holding fire on (yet another!) court action.
Bwtfdik or any of us. We are all guessing/surmising. It is immensely frustrating.
GLA

Keyser: what evidence is there that BP have people on the ground please?

I fear you may be surprised ...! Bwtfdik.

Thanks Chris.
Are you able to post a translation please?

Bugsy: Tsbs is correct, that page has been missing for months ...

Joking side Timster, this really is quite bizarre, but could be a really positive sign.
We know from the Maples case that FRR made repeated promises of payment of the bills but, barring a small instalment, never actually paid them. Moreover, they firstly agreed to interest @ 20% pa on the debt and then Zaza and Steve personally guaranteed the debt. To do so means that they must have been confident of monies coming from somewhere. My worry (amongst many!) was that by now that potential monies (we are told it was financing) was not forthcoming and who knows where that might lead, but this action, will not only incur further expense, but also commits the Company to significant future capital expense, is not the action of a Company that doesn't believe it has a secure financial future.
GLA

Tsbs/Bryan.
It was meant to be a facetious comment ... hence the ;) at the end.

They've clearly taken it down to update it ... ;).

Kenco: I imagine that even if the Receivers for some reason decide that you can't have the cash back, it will be covered by the Financial Services Compensation Scheme. So I think you should be ok with that too. Hopefully someone in the trade can confirm.

Kenco: I have audited a broker in the past and remember that the shares were not regarded as their property. So my guess is you have nothing to worry about. If you wanted to trade then that might be an issue but that isn't a possibility anyway. I wouldn't worry tbh.

WhamBoy: This is the point I made yesterday (which you couldn't recall who ;)), but you have summed it up more eloquently and, rightly, also highlighted the much earlier guarantee.
It does seem that they are doing all they can to protect the values of their shareholdings (and therefore hopefully ours). It takes balls and/or stupidity to put personal wealth on the line ... as many of us already know!

Agreed. Shorts have not been paid out. Balances have been moved from accounts but if we relist at a premium anyone with a short position will know about it :).

Very good fg ;).

I guess West Ham fans have bad memories ;).

Bezzy: I read that the same alas. But I also have no legal knowledge so feedback from one of the legal guys would be useful.

Sorry should have used 'debt' not 'loan ' in the second point.

StarRage: Many thanks for sharing these two documents. I could very well understand given the continuing abuse from some quarters on here if you hadn't.
Having read them once (so far) I am very surprised there hasn't been more comment on them. They contain some interesting information and are enlightening, albeit not what we all want to hear.
My initial take are a few points:
- FRR clearly haven't got a pot to p!ss in.
- However ZZ and SN were expecting that to change having personally guaranteed the loan and submitted a DOS.
- The DOS is unsupported by any facts and figures.
- Mourant say they were told in April that 'refinancing was progressing well'
- Presumably nothing has come of this yet ...
- So it would be understandable to conclude that YA haven't been paid (but this is pure speculation on my part)
- No mention of any potential major deal, just refinancing :(
It would be great to hear what you make of this StarRage and any other posters please.