Member Info for PJOHN

That's the tw crew

Proper scum

They're all out today

You two b ell ends have only been here two minutes I'd rather read RR posts than you two.
Why you two just turn up all of sudden and posting rubbish what's your motive? Don't bother we all know

I see the p rick has gone awol since he was questioned again.
He's dirty snake the end.

Yes but with injunction in place and some decent dirt on these feckers to wipe them out!

Let's get these feckers in the Dock. We need this injunction sorted asap

Ignore the last two sorry

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Symore_Bottoms
7h
Interesting reading the latest FRR submission. I personally think FRR lawyers have presented a strong case for the preliminary injunction to be granted, supported by many relevant cited/reference cases, which should make it relatively easy for the Judge to make a decision. But we also know that Judges are fickle/moody creatures, depending on which side of the bed they got out of.

Anyway, still no sign of a smoking gun but nevertheless, I think FRR has a good case for the breach in the fiduciary duties. In the latest submission, FRR highlights that Hope has openly admitted that he was conflicted and his first priority was Outrider and not to his Company or its stakeholders. I wonder if he will repeat these admissions under oath and in front of a Jury? What’s the penalty for lying in Cali?

Also, many People are saying that we have defaulted on a debt and all Hope is doing is collecting his debt. Well, that is true and it’s indisputable. Also, it makes no difference how much Hope paid to acquire these distressed CLNs - FRR owe the par value of the notes. Trading in the distressed debt market is a trillion dollar business and you can’t argue on the debt contract, although you could try to negotiate with the debt holder.

So what came first? Debt default or breach in fiduciary duties; a bit like the eternal unanswerable question, did the chicken come first or the egg? Anyway, the default wouldn’t have occurred if Hope had sided with the other Directors and approved the two lending proposals because that would have allowed continued operations (and payment to the creditors), besides there was no other options available at the time. We have said many times that Hope (as FRR BoD) should have approved the lending propositions but declined them at the OMF end and he would have been well within his right. I also recently posted an excerpt from the MOIL case, where there was a specific provision in relation to Outrider Director and Conflict of Interest/fiduciary duty, so he knew what he was doing when he came on to the Board (in Feb 2017).

So the question remains, will the Judge accept FRR’s version that Hope openly admitted that he didn’t give a hoot about FRR despite being its Company Director? Openly admits that his first priority was to Outrider and not all the Company’s creditors/stakeholders? Or confirmation that his intention (and Outriders business model) was always to takeover the company for the sole benefit of himself and Outrider? Well, his actions since the cessation of Cayman Island proceedings, confirms yes!

So back to the core question (no, not about the egg & chicken although that still deserves more pondering), did the Fiduciary breach lead to the debt default? If the answer is yes, then you might be ok, otherwise, Nicandros may have deliberately initiated a high risk ‘Mexican Standoff’

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Symore_Bottoms
7h
Interesting reading the latest FRR submission. I personally think FRR lawyers have presented a strong case for the preliminary injunction to be granted, supported by many relevant cited/reference cases, which should make it relatively easy for the Judge to make a decision. But we also know that Judges are fickle/moody creatures, depending on which side of the bed they got out of.

Anyway, still no sign of a smoking gun but nevertheless, I think FRR has a good case for the breach in the fiduciary duties. In the latest submission, FRR highlights that Hope has openly admitted that he was conflicted and his first priority was Outrider and not to his Company or its stakeholders. I wonder if he will repeat these admissions under oath and in front of a Jury? What’s the penalty for lying in Cali?

Also, many People are saying that we have defaulted on a debt and all Hope is doing is collecting his debt. Well, that is true and it’s indisputable. Also, it makes no difference how much Hope paid to acquire these distressed CLNs - FRR owe the par value of the notes. Trading in the distressed debt market is a trillion dollar business and you can’t argue on the debt contract, although you could try to negotiate with the debt holder.

So what came first? Debt default or breach in fiduciary duties; a bit like the eternal unanswerable question, did the chicken come first or the egg? Anyway, the default wouldn’t have occurred if Hope had sided with the other Directors and approved the two lending proposals because that would have allowed continued operations (and payment to the creditors), besides there was no other options available at the time. We have said many times that Hope (as FRR BoD) should have approved the lending propositions but declined them at the OMF end and he would have been well within his right. I also recently posted an excerpt from the MOIL case, where there was a specific provision in relation to Outrider Director and Conflict of Interest/fiduciary duty, so he knew what he was doing when he came on to the Board (in Feb 2017).

So the question remains, will the Judge accept FRR’s version that Hope openly admitted that he didn’t give a hoot about FRR despite being its Company Director? Openly admits that his first priority was to Outrider and not all the Company’s creditors/stakeholders? Or confirmation that his intention (and Outriders business model) was always to takeover the company for the sole benefit of himself and Outrider? Well, his actions since the cessation of Cayman Island proceedings, confirms yes!

So back to the core question (no, not about the egg & chicken although that still deserves more pondering), did the Fiduciary breach lead to the debt default? If the answer is yes, then you might be ok, otherwise, Nicandros may ha

Fozz, FRR has been trying for ages to secure new financing but has not succeeded. The numbers keep getting bigger (reminds me of gas resource estimates) but no conclusion. But you never know, may be it’s real this time but obviously will only happen once the court case is now concluded.

Anyway, also interesting to note in the latest FRR submission are the details supporting the illegal interference and collusion, with MND (+VtB) and Lothian. I assume this is to demonstrate to the Court Hope has been working against FRR for many years. Perhaps when we get to the trial, the Jury hears these accusations, may be they will see Hope for what he is.

On the Madagascar Oil situtation, which Outrider successfully acquired via the purchase of distressed debt, MOIL obtained an Undertaking that the Outrider Director i.e. Hope that he will not vote in any Board Meeting where he is conflicted. I posted the link to the doc on this thread back on the 30th April, but main bit was this (from Page 16):

Undertakings as regards Investor Directors:
To procure that the Outrider Director:
(i) will not vote in any meeting of the Board where conflicted;
(ii) will not, without the consent of the Independent Directors, participate in any committee or action taken in relation to the conflicts between any Original Investor, Original Investor Director or their associates and the Company; and
(iii) will act independently from the Investor and have due regard to his fiduciary duties.

Good Morning SB,

10% chance of the 150m loan? I’d agree.

A 22m cash injection is urgently needed into the business to get the liquidators of the company’s back or the judge to grant a jury trial, this would bring Hope to an Oocs. Does FRR have a fairy godmother? If so now is the time to wave her wand!!!

Feeling nervous, let’s pray there is a backstop from the much famed $150m loan although I give this no more than a 10% chance right now.

JMO

Interesting reading the latest FRR submission. I personally think FRR lawyers have presented a strong case for the preliminary injunction to be granted, supported by many relevant cited/reference cases, which should make it relatively easy for the Judge to make a decision. But we also know that Judges are fickle/moody creatures, depending on which side of the bed they got out of.

Anyway, still no sign of a smoking gun but nevertheless, I think FRR has a good case for the breach in the fiduciary duties. In the latest submission, FRR highlights that Hope has openly admitted that he was conflicted and his first priority was Outrider and not to his Company or its stakeholders. I wonder if he will repeat these admissions under oath and in front of a Jury? What’s the penalty for lying in Cali?

Also, many People are saying that we have defaulted on a debt and all Hope is doing is collecting his debt. Well, that is true and it’s indisputable. Also, it makes no difference how much Hope paid to acquire these distressed CLNs - FRR owe the par value of the notes. Trading in the distressed debt market is a trillion dollar business and you can’t argue on the debt contract, although you could try to negotiate with the debt holder.

So what came first? Debt default or breach in fiduciary duties; a bit like the eternal unanswerable question, did the chicken come first or the egg? Anyway, the default wouldn’t have occurred if Hope had sided with the other Directors and approved the two lending proposals because that would have allowed continued operations (and payment to the creditors), besides there was no other options available at the time. We have said many times that Hope (as FRR BoD) should have approved the lending propositions but declined them at the OMF end and he would have been well within his right. I also recently posted an excerpt from the MOIL case, where there was a specific provision in relation to Outrider Director and Conflict of Interest/fiduciary duty, so he knew what he was doing when he came on to the Board (in Feb 2017).

So the question remains, will the Judge accept FRR’s version that Hope openly admitted that he didn’t give a hoot about FRR despite being its Company Director? Openly admits that his first priority was to Outrider and not all the Company’s creditors/stakeholders? Or confirmation that his intention (and Outriders business model) was always to takeover the company for the sole benefit of himself and Outrider? Well, his actions since the cessation of Cayman Island proceedings, confirms yes!

So back to the core question (no, not about the egg & chicken although that still deserves more pondering), did the Fiduciary breach lead to the debt default? If the answer is yes, then you might be ok, otherwise, Nicandros may have deliberately initiated a high risk ‘Mexican Standoff’ with Hope without knowing who is the quickest to draw. Let’s pray is Clint Eastwood vs. Jr Ewing.

Feeling nervous, let’s pray there is a ba

Good b end, now f off!

Maybe just like the injunction you need different discovery for different courts.
So maybe they discovered what they wanted from the Cayman discovery and thought why don't we put them to court by jury.
So we are now getting the discovery to make it legal.
Maybe that is why hope is such race and why we moved the assets

Sorry guys I'm lost, have we not done discovery for Cayman Court case?

Always seems to get an extension

Well b end you are lololololol

Spike Lmao, that's a classic!