Member Info for picsmaister

thanks all

Help - I have a small holding in Predator but have not been following it closely. Have noticed a big fall. Could anybody explain in a few sentences what has happened to cause this please? (I have a bigger holding in Hurricane which has been a major rollercoaster)

I am certainly no expert but I guess it could have been a win - win for them if they are a large bondholder. big return that way and influence over the old BOD if restructuring succeeded plus some insurance against shareholders winning the day. Either way they must have known or assessed that there was value in HUR.

not sure about the golden but handcuffs deffoo

its been a long and sorry story of corruption and deceit. I wouldn't know where to begin. But there is now some light at the end of the tunnel

Thanks Isas. That makes perfect sense

The Picsmaister is confused. Why would anybody short the shares now?

I have just read the judgement in full. It is brutal in its assessment of the BOD, and implicitly very critical of their behaviour. I have to say, having watched most of the Hearing, that CA Counsel played an absolute blinder. That is also clear from the terms of the judgement. Fingers crossed for tomorrow and hopefully the fat lady singing by mid afternoon. Its been a rollercoaster.

JR
Speculators confident in the outcome of the sanctions hearing.?

But I agree with Senseman. the judge will not (not) sanction the plan. If he was minded to set a big precedent by approving, he would take his time to develop and articulate his reasons. Typically in Judicial Reviews, this can take weeks.

It would be messy if not impossible. This is why Thornton already said that they would lodge an appeal and request a stay if there is a judgement in favour of BOD to approve the scheme.

caution well understood in current circs....

I am well confused. I have instructed AJ Bell to against ALL resolutions at the AGM and for ALL resolutions at the EGM. . do i need to do anything more? not had any further communication from AJ Bell

So right JR.

Here here. I found the whole hearing compelling. The board and bondholders had no answer to the question of immediate insolvency nor the position of Bluewater. My only fear is that the BOD will find some legal wease to delay the AGM/EGM, although it is not immediately apparent what the vehicle would be given company law. We must avoid continued expenditure , by HUR, on wasteful legal proceedings. But overall I cant see any way that the judge can rule in favour of the BOD. None of the arguments stack up.

given that the Bluewater is already fitted out to extract for Hur, surely it is in Bluewater's interest to continue the lease with Hur if feasible

I think it is heading into tomorrow. My lay take is the judge smells rat!