SERIOUS SUNDAY - DO YOUR BIT - WRITE THE EMAIL16 May 2021 12:34
On 13 May the BoD issued a 269 page 'Explanator Statement In Relation To The Restructuring Plan'. Within that document are 3 crucial recent developments it was legally obliged to include. Both developments occurred since it first published 'The Plan' in April:-
1. The FCA (Financial Conduct Authority' have written requesting explanation of various historical statements, and recent developments ie: 'The Plan'. The BoD state that the FCA enquiries are at a 'preliminary stage, ie more will follow.
2. Since April, ie: since 'The Plan' was announced, the BoD have approached a major shareholder requesting it to stump up enough cash to negate the need for 'The Plan'. The BoD, of course, would remain in situ. The shareholder refused.
3. Since April, the Bod have invited a 2nd major shareholder to engage in 'confidential discussions' wherein, inter alia, bondholders' identity would disclosed. In short, the shareholder was invited to 'wall cross' - ie: to join forces with the BoD and be legally obliged to keep quiet. The shareholder not only refused to do so, but has formally written demanding the resignation of both the Chairman and a senior Director.
The only explanation for these developments is that this forum's (and other) effort in bringing Hurr to the attention of regulatory agencies, MP, etc etc has had a significant effect. The evidence is clear - the BoD are scared, and are belatedly holding out olive branches
I therefore urge all readers who have not yet written a complaint email to do so today. A single email can be written in such a form that it can be copied to all necessary parties. Please make this your Sunday task. Posters have listed where email should be sent, and listed main points to be included. It would assist if periodically those posters could continue to repost (copy) the details of whom to contact etc so that details remain out front and large.
Two posts I regard as INVALUABLE to be read regarding the above, and generally are:-
a) SKY-RIDER post 'RE-CA' Sat 13.32
b) anne37 post 'RE - Market Abuse & Manipulation By Board of Directors', Sat 17.09
Lastly, I assure you that CA, Kerogen, and Hurr BoD will currently be expending as much time as we do reading this forum. I
view CA and Kerogen silence to date as a positive, not a negative. I expect one one of them to break cover this week.
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