Member Info for Retireby40

Polls suggest a fair number of the 17m+ who voted Brexit regret it now the implications (and shite deals) are better understood. I certainly know a fair few. Let’s not get into this and agreee to disagree. Anyway, come on FRR!

Soubry is a MP and was walking to the House of Commons where some of those racist clowns are protesting. I don’t think it was a set up but their reaction was pretty embarrassing and vile. Also ironic calling her a nazi. Low life scum. Anyway, onto FRR hopefully we can a settlement RNS this week swiftly followed by a new NOMAD and readmiasion.

I’m not sure the resignation and subsequent suspension is a fly in the ointment. I think it was a blessing. If we were still trading I think we’d be back to 0.1p or below. There’s too much uncertainty so I imagine many would de-risk. Also the 5m seller stepped up the pace the trading day before suspension and if it hasn’t offloaded all its shares I imagine they would have accelerated further sending us even lower. Hopefully a deal with Hope is reached which is RNS’d, a NOMAD is appointed then I’d imagine a RNS/s to publish the material info contained in the court docs.

Down today but I expect more deals to be announced before the trading update in 2 weeks or so. IBM generally announce Jan deals And Alibaba are surely generating deals.

To retire 20 years early you say....been here too many years so need to change to retireby50 ;) Here’s hoping.

Have been busy since I posted but when I say the emails that I’ve seen (posted on here) show Hope in a reasonable light it’s my opinion. I’m still holding here and with some family and friends hold over 100m (most my dad and I) so I’m desperate for this to come good. In the emails that I’ve seen Hope denies vetoing raising money and said he has actively encouraged it. He asks for more transparency in the board packs and having sat on a Board it’s basic stuff. What I hope and expect is that there are docs showing Hope blocking fair finance deals and better still then suggesting he loans money with onerous terms. That would demonstrate a clear conflict and a failure in his duties. That’s what we need and I expect them to have evidence of this which should mean we’re in a strong position. Simple. I want us to release some good news before relisting so in the next few weeks we need good news and then appoint a NOMAD and move forward.

It’s reassuring to know there are 10 more docs we haven’t seen as the ones we have are far from damning and actually paint Hope in a sensible light. I assume they’ll have evidence of Hope vetoing loans and putting forward his own onerous loan. The issue is why they agreed to unanimity at board level in agreeing finance, obviously at Hope’s request but it doesn’t look good. Yes he’s a director of FRR so has a duty to protect shareholders interests but he is also a director at OMF and has a duty to its shareholders. I hope Zaza hasn’t overplayed our hand. All very messy. I assume we’ll settle out of court and hopefully before 24th Jan so we can relist and not under a cloud. I’m sure SN and Zaza will point to the fact Hope has been underhand before and provided confidential info to other parties with the view to taking over the assets.

Here’s hoping for some good news soon.

My average was 4.85 but I bought 60% more on the way down from 5.40 into the 3s so my average is a little lower at 4.70. A good post on advfn - FWIW I think this latest use case is a big deal. It’s the fundamental bullcase for Wand as an independent company. The ability to be able to move data into and out of cloud environments ( multi cloud environments) breaks the lock or tie in that customers experience and greatly increases flexibility of economics for the cloud user. Interesting ( to me ) that this is a direct deal. Other cloud players should take note .. Wand is now increasingly strategically important, “you can get in the cloud with me , but I will allow you to move elsewhere†Zhou really do want to be the first and only cloud provider that can make that offer. There will be bigger news and better deal flow coming shortly ( imo) ...

Daniel1son, yeah good point indeed. The last deeper drill without fraccing is seemingly our saviour. Sure Dino-2 went better than T-45 in terms of sustaining the flow (Initial reported flow was also higher).

Happy New Year Puddy and all the LTHs I’ve met. Hopefully we get good news on the court case (settlement) in the coming week or so and a new NOMAD and finally create shareholder value. A long time coming but doable!

I got the impression From the emails T-45 didn’t go as well as they would have liked (emails from non-exec Andrew) which led them to change the chemicals used in order to ensure better results for the subsequent drills. Can’t be arsed to dig the emails out so it’s from memory. I imagine Dino-2 etc went a lot better which enabled them to sign the term sheet.

That and other material info in the court docs would have forced the Cairn’s hand so staying on wasn’t an option. That has done us a favour as the share price would have been under even more pressure and I’m sure 5m seller would have continued dumping and maybe accelerated as it did before suspension. Hopefully we have a positive court update next week before a new NOMAD is appointed. I also hope FRR start getting and act on sound advice, something that seems to have been lacking.

I very much doubt it but suspect they resigned due to material info not published via RNS in the court docs. Maybe it was unexpected but I’ve no doubt Cairn would have explained why they’re resigning so FRR’s tweet seems poor- Cairn Financial Advisers LLP notice to the Company of its resignation as the Company’s Nominated Adviser with immediate effect was unexpected and remains unexplained to the management. Anyway, I hope we get some positives news on the legal proceedings so we can start trading again and without a massive cloud hanging over us.

I’m thankful Cairn resigned the account as that ensured suspension. It would have been a bloodbath otherwise yesterday. Sure Cairn was working in their interests and shareholders so hats off. I can’t believe they didn’t tell FRR why they were resigning and to suggest that on Twitter if they did is not good. Anyway, that’s minor and I hope we have gold news on the legal side before we are trading again.

Pophead you muppet, reread my posts. I assume they have real evidence which isn’t filed with the court docs published on here.

The loan discussions/proposals would have taken place in the board meeting (as needed unanimous approval) so would have been minuted. We didn’t see the minutes and it seems Hope perhaps didn’t as he was requesting them. All seems a little sticky but the detail SN gave in the affidavit suggest it took place and hopefully proves Hope was working in his own interest and therefore FRR has a solid case. Either way, here’s hoping there is evidence, the judge agrees and we can a decent settlement for FRR and can move into 2019 on a sound footing.

I have to say I find it disconcerting FRR thought it sensible to tweet what they did. There’s no question Cairn would have been explicit and told them why they felt they had to resign the account so saying it was unexpected and not explained seems like bullshit. Perhaps it was unexpected but unexplained sounds like nonsense and I’m sure Cairn aren’t best pleased. There was a lot of info in the pace docs that is material and is now public knowledge and not RNS’d which put Cairn in a precarious position. I cannot believe FRR believe getting the suspension lifted ASAP is sensible particularly with the court case cloud. Surely they’d engage with a new NOMAD and officially appoint them once good news has been RNS’d on the legal side to prevent a sell off when they start trading again. Also, given the 5m seller accelerated its sells before suspension if they continued and with the current uncertainty (so panic sells as well) the share price would surely collapse. Suspension while they clear the decks (hopefully) is a blessing and needs to continue until things look better. I also pray there is more evidence of the loans in SN’s affidavit than I’ve seen as the emails make scant reference to it and Hope denies blocking any cash calls and says he’s encouraged it. I assume there is supporting evidence as if not they’ve over played their hand which is perhaps why the injunction was lifted 3 Days after the hearing. I find it hard to believe Zaza and SN would be so stupid given how close we seemingly are to a deal and finally generating shareholder value. YJ need to pull their fingers out and give FRR proper advice, I get the feeling they’re yes men. Here’s hoping for good news soon after 28th and we can dust ourselves down, get out of suspension move on.

Agree 100%. I’ve no idea why they’d want this trading when there’d be a massive sell off and share price collapse. Best thing that happened was the NOMAD resigning as if we were just left with the 7am RNS I’d bet this would be sub 0.1p. Whoever was dumping several 5m shares daily and for weeks accelerated the dumping on Friday so if they continue when this starts trading again and with many de-risking this would tank. Get a NOMAD on board and only appoint when we have positive RNSs on the court case to ensure there isn’t a panicked sell-off.

Sorry to hear that and I hope he’s on the mend and you and your family can still enjoy Christmas. Best wishes.

I agree if that is the case but I didn’t see evidence of that in the info filed on pace. If anything Hope looks reasonable and denies blocking funding. There’s no evidence to show he blocked Zaza’s loan and offered his own with onerous terms. If that’s the case and they have evidence then great but the fact the judge lifted the injunction a few days after the hearing on 18th tells me the evidence isn’t there. I hope I’m wrong!