RE: £5 Million from Zaza10 Feb 2019 12:37
I believe in the Emails, that Zaza stated that the offer was withdrawn after Hope blocked it.
prior to that the BOD discussed it and it appeared that it was agreed in the minutes of meeting.
I would suggest that the 5m was the offer that if blocked would become catalyst to take Hope on.
Starage has suggested not alot in the emails to hang hope, in many ways that is true, its not surprising as Hope would have tried to be rather careful.
The emails individually do not have a smoking gun, its when you put them together that it indicates what Hope was trying to do and act against company best interest.
Hope really should have not vetoed the vote on funding.
In my opinion Hope should have abstained due to contrast of interest, he could point out to Levan the arrangement with OMF but not take part himself.
I believe the Emails ( when compiled to give full picture) are fairly damaging to Hope, but the smoking gun still is not visible.
I believe that smoking gun involves the shorting of the company, which of course makes future fund raising more dificult and at greater dillution. Many long term holders questioned forward selling of share that occurred for over a year.
It was not a huge surprise when YA were hauled in over foul play, what was a surprise was that no real action was taken against YA, plus that YA pretty much crawled back under cover.
What you would expect, if YA had done nothing wrong, is a strong statement against FRR to clear their name.
That did not happen.
What did happen is that FRR seemed to shake hands with YA and move swiftly against hope. I would suggest there is a huge clue there to what occurred.
So posters saying not huge amount in emails is fine, individually there may not be, but put together and in my opinion there is a better picture of the scenario. If Starage does not see that, it's fine, it's down to interpretation. Like i said already the damming evidence including the smoking gun is elsewhere and it sounds to me as if that evidence is compiled ready to execute in Court.
I said yesterday, that Hope would not be working alone and probably leaked company info, something that stopped since he got excluded in info sharing. Those others involved will be pushing hope to sort this before Court, he of course will be looking for assistance in any OOCS from those who's names want to stay below the horizon.
personally i do not think this will get to full hearing, but that lawyers and parties involved will take this down to the wire. The OOCS to FRR will increase as the deadline nears.
Just thoughts - nothing more
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