Member Info for Seingred

condor something .yeah not you.no offence.he had condor as part of his user name.your english is tickety boo.2011/12 .I would guess.pre consolidation.
we are always learning in this game.I been in here since sub 1 p old money.but have traded now and again when the opportunity arises.

Agreed t sub 30 p is buy zone for me.ha £28 sp.I remember that one condor forever or something or other if I remember right.real bad english as I remember.

Cheers,I believe if discussions are ongoing frr can request an extension so I think there is some leeway especially taking account of the holiday period.if wh ireland are talking that is positive to avoid de list imo.just have to wait and see.

Can only be a legal issue of some description.nomads normally see through into suspension and resign when administrators are appointed.It has to be tied in with the hearing imo .whether they have a conflict of interest or are compromised by something.I believe they will be granted an extension to the 24th especially considering the holiday period ,if they are in talks.Frr may not have known why on 24 th but must now but may well not be at liberty to discuss.gla

Yes,that is where I ended up.yes lets hope ooc.
Just had a peep on the advn sesspit.a poster there cites cas as a company whose nomad left immediately and appointed another.has to be said the nomad resigned after suspension rather than causing it.they appear to have had a bit longer than a month.I have read that an extension can be granted if talks are ongoing.If a nomad is found by the end of the month I would expect frr to request continued suspended until its future was clear unless ooc or a court hearing.

My reading of the rns is dec 18 was hearing hopes application to have the injunction discharged.the 18th was also the date for hope to file his defence for damages fiduciary duties etc,now extended to 28 th.the judge re inposed the injunction until the next hearing which has to be the damages claim,as he has already technically discharged the original injunction.that hearing was allocated a half day.If it goes to court it will be a much longer hearing .the two are linked until the next hearing .How they are linked from that point ?one would assume that the injunction is dealt with at the same time as the hearing.also we have the situation of an appeal of the last hearing if frr apply.there is also the possibility of appeal on the next hearing.I think I also read that there is another higher appeal possible.so it is possible this could rumble on for ages.lets hope not and a deal is being worked out.

If this goes to court It could be protracted imo.does this aid frr in other areas perhaps?

Rns states it will be listed in january.Not that it will be heard in jan.tight to be heard before 24 imo.

Hope this is correct .

Again if you don't do rumour what is this?please state source!

Jester ,If a nomad is appointed before 24 th that is exactly what I would expect.normally a company asks for suspension.there are a multitude of grounds for a continueing suspension imo.lets get the nomad,no mean feat in the timescale imo.I think peeps have also made an assumption that we will have a hearing in january .may well not fit into the 24 th timescale.This may be a protracted situation unless they are hammering out ooc.
The appeal court is sitting now.frr arnt listed as yet.the appeal court sits for 3 weeks ,3 times a year .we have no confirmation that an appeal has been lodged only the intention although the judge re applied the injunction.so any possible appeal could be many months away.gla

any suspension I have seen has been termed temporary.If you do not do rumour what exactly is it you do ?

Personally I doubt that frr will trade prior to a decision.hopefully a nomad can be appointed before 24 th .I would image there are grounds to continue with suspension .

Fib.we were suspended because nomad resigned.normally companies request a suspension.In theory if a nomad is appointed frr should come out of suspension.However we dont know the reasons given by cairn to lse for their immediate resignation.frr could request further suspension I would imagine until their position was clearer .best case scenario here I would say.

I think it unlikely that a nomad will be appointed before the next hearing.It is always possible that events may go beyond the next hearing.does anybody have examples of any similar cases to this one?the longer we are in the dark about the reason for cairn walking the more bothering for me.It has to be a legal issue.

Pretty much how I read it.as often it is not crystal clear.they havn't actually lodged an appeal but the judge has re applied the injunction.Hopes application to have the injunction discharged was I assume on 18th.discharged but re applied.the wording isnt the clearest .

https://uk.webfg.com/news/aim-bulletin/bnn-technology-set-for-aim-delisting-on-monday--3127107.html
May be some useful info.i see jonesy is busy on advn on this one.talk of re listing.busy today so not much time to delvebut talk of re listing 1 year after de listing.gla

Yes appologies,appeal court april.still think the hearing may be further than jan but not too long to find out.

Ivy.not saying it cannot be january but It has been posted on here that both the appeal court and grand court sit in april next.only guessing on that but thats how it looks.as often in rns ,it could be worded better imo.

On 19 November 2018, in accordance with applicable procedures, the FRC and FIC (collectively, the "Company") filed with the Grand Court their Statement of Claim in the Action. In the Statement of Claim, the Company states that defendant Mr Hope is in breach of his fiduciary duties as a director of FRC and these breaches include, inter alia, attempting to deprive the Company of assets for his own benefit and/or for the benefit of OMF, failing to act in the best interests of the Company and its shareholders, failing to exercise independent judgement, and unlawful interference with the business of the Company. The Statement of Claim alleges that OMF conspired with Mr Hope in relation to the above matters. The Company claims damages against Mr Hope and OMF in the aggregate amount of US$56,287,800.

Nov 22
The Grand Court has ordered that Mr Hope and OMF should file their defense to the Company's Statement of Claim by 18 December 2018. The Grand Court also gave directions in relation to the application by Mr Hope and OMF to discharge the previously granted injunction; a hearing to deal with that application is expected to take place in December.
The 18 was the date to file his defence just like the 28 was the new date.I think a date will be set in january but not necesarily for january and the injunction will now run until whenever the next hearing is.
On 18 December 2018, the Grand Court held a hearing regarding injunction granted on 11 October 2018 and, on 21 December 2018, ordered that it should be discharged, however the Company is going to appeal that decision with the appeals court. The Grand Court also ordered that the injunction should remain in force until the next hearing, which is to be listed in January 2019.