Member Info for Paul0410

Extracover - agreed. Having experienced their own success in the arb court lets hope that the Slov govt appreciate the risks of it as a Respondent! As you say, the board need to go for it first though.

Bottomzup - thank you for the info. I'll take a look at the book and the seminars that you mentioned. As I say, I'm an absolute beginner but very glad to have got in here and AAA at low 20s. And very keen to learn in order to minimise the losses!!

HSE are a state-owned company! The analogy of state against private company is correct - however that's where it ends as in this case the state initiated the proceedings and came out the winner!

I did post yesterday that this case was a win for Slovenia and thought it best to reiterate it again today when the wrong end of the stick continued to be picked up!! I'm all for a bit of optimism but not on mis-interpreted examples :-) !! I guess at least it shows their familiar with arbitration - and a bit of cash now too to possibly pay Ascent ;-)!

As I said earlier, they're not paying anyone off in this case - the settlement is in their favour

I’ve only had a cursory glance at that link - but I’m not sure that it’s the best example as it looks like the Slovs won that one?!

Bottomzup - congratulations on your gains. I’m nearer 15 minutes experience than 15 years ;-) !! but it’s always nice to see success. I bought in at 22p so not in your league but happy enough! I just need the nerve to top up without worrying it’ll all come crashing down if I do !!

Tango - yes there could undoubtedly be conversations still ongoing behind the scenes. But a statement of intent and a timescale for initiation of proceedings wouldn’t prejudice that but would shore up a bit of confidence which would in turn help the sp and also send a message to Slovenia.

Max - to be fair though he does have a point. The outcome last week was presumably scenario planned by the board so you would expect an update on forthcoming strategy in the very near future. Dithering on it won’t achieve much

Zoom - i've just at a look at the Sound Energy bb - it's almost a mirror image of here - bitter ex-holders v optimists - the former being their description not mine ;-) !! The only difference looks like a few less p on the sp!!

Brooko - I have to agree with your sentiment! There are numerous examples of successful AIM companies that when you look back were getting mullered by their holders for years on these message boards - until they hit it big!!

They had a funder who then withdrew - for reasons not pertaining to the facts/strength of the case according to the Board.

Golf - complex arbitration cases can take 12-18 months but can be shorter dependant upon what's involved. The key thing is to initiate proceedings in the first place though!

Alwaysup - the same could be said of people who come at it from the other end of the spectrum. Self-interested is the motivating factor of everyone one on here. There may well be those who wish to crash the price further and buy in cheap. ive not been around here long but i assume that these same type of exchanges have been going on for a long time and presumably when the sp was back at 2p. I'm not cheerleading the company - I was hoping that I'd have made some money by 19th and been gone. But I do know the legal world and I understand how arbitration works. Govts caving in and/or tiny companies is an irrelevance on either side of the equation. International courts of arbitration exist for this exact purpose i.e. so that tiny companies don't get screwed by national govts. And Treaties are signed for the same reason. And financiers do back strong legal cases if there is financial incentive. To me it all depends on the strength of the case and the will to proceed with it. If either of those are found to be lacking then I will concede that you were right and my money is lost.

I love some of the optimism pre 19th March further down that feed ;-)

Arbitration proceedings have strict timetables and if you fail to adhere to them you risk losing by default. And if there is a strong case and genuinely 100m euros in play then I'm sure that backers will be found to sustain it. There does need to be the will to initiate proceedings though. Anyway, I doubt anyone on here has any genuine insight into what's going on or what if anything is happening in the background. But the legalities of arbitration are what they are whatever either party wishes.

Kashdog - I appreciate your point. But that then falls back on the strength of the case and the legal opinion on it. Someone will fund it if there is a high likelihood of success based on said legal opinion. Aside from all the noise around the trustworthiness of the board and what is and isn't owned, that is how these things work. People make money on the back of funding the legal actions of others. At a cost obviously. And Slovenia would be bound by Treaty to pay a successful claim unless they wished to be sanctioned by being in breach of Treaty. Why wouldn't they decline the claim at this stage - it's costing them nothing to do so - yet.

Kashdog - but what might or might not happen in 2022 has no influence on a historic legal action?

If the case is strong enough and it’s supported by Counsel’s opinion (from a reputable lawyer) then someone will back it. It’s the same kind of risk assessment as no win no fee and companies that buy bad debt.

I was wondering about Tango myself - possibly drowning his sorrows or maybe celebration who knows ;-) !!!! I agree with you that if the claim has a sound legal basis it will be seen through. That’s irrespective of what you think of the board past or present. Someone will fund it if it has a high chance of success. And whatever you think of Slovenia it’s nonsense to think that they would breach international treaties for the sake of 100m Euros or less should the claim succeed.