SENSEMAN YESTERDAY'S REMOVED POST (1 of 2) - COURT HEARING PRECIS - CRYBABY NAME DELETED2 Sep 2021 10:00
Sincere thanks to ADVFN poster IHAVELOSTEVERYTHING, who messaged he had saved post before it's deletion. Someone asked if i could repost. It is 1 of 2 (follow soon).
' Months ago corrupt old HUR BoD conspired with bondholders to donate 95% of HUR to bondholders via 'The Plan' (ie the SCAM) on basis HUR was bankrupt as would be unable to repay $230 mill bonds due July 2022.. It wasn't. HUR BoD applied to High Court to rubberstamp 'The Plan'. All previous 17 applications to High Court (ie since law introduced) had been successfully rubber stamped. HUR SP crashed to 1p
*********** was one of 3-4 canaries paid by HUR BoD & bondholders to post 24/7 that it was done deal and encourage private shareholders to sell for 1p - on basis that if Court rubber-stamped 95% dilution deal, then shares would be worth 0.05p, ie. worthless. Two central tenets of corrupt HUR BoD argument were (i) Bluewater owner of Aoka Misu (mother ship production platform) would not agree deal with HUR to extend lease (ii) after July 2022 when bond repayment $230 mill was due and AM lease due to end, there would be sod all oil left in Well 6 HUR's only production well.
CA argued in Court that HUR BoD figures were largely fiction. Whilst senseman and a number of other forumites laboured incessantly for the forum to write to the (fortunately) wise Judge that it was a fraudulent SCAM - it worked - over 400 PI's (private investors) wrote direct to Judge, with evidence - largest ever. Judge was on high alert.
Mid 3 day Virtual Hearing, Bluewater CEO wrote directly to RB of CA stating HUR were telling monster porkies at Hearing (Bluewater were attending) and would bend over backwards to agree future deal with HUR. With Bluewater permission, CA copied directly to Judge
On same night circa 2am trawling though docs senseman found HUR BoD document written to bondholders months earlier evidencing, post July 2022, circa 4.3 million extractable barrels still in ground value circa $300 mill value gross, circa $200 mill pure profit value net. Doc was NOT included in Court docs, immediately added $200 mill to HURR assets, and were deceiving Court. senseman emailed said document direct to Judge. Another forumite could have found document - senseman hit it lucky - like others, was driven by team effort - 'corp d'esprit'
Judge almost fell about laughing next court session, eventually ruling against 'The Plan' so firmly and with no room for appeal. He refrained from calling HUR BoD and bondholders crooks (hostage to fortune - room for appeal)
*********** has returned to haunt the forum under new username. Either paid by b/holders, or driven by 'failure-ego'. Ignore him, poke fun at him, mute him, but neither trust nor believe a word he says. He is not clinically stupid -but classic deviant egocentric narcissist.
Good times ahead for HUR. But newbies - know the troll...)
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