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Broom no one bullies Kever who keeps digging his own deep trench. He would do so less if you ceased wading in behind him with the trite and easy hoary old chestnuts. This is a sober forum of sober folk, not one of mad deluded get rich quick investors.
keve - the problem is u know the price of everything but the value of nothing.
There are many scared and worried LTSH PIs deeply underwater, through no personal fault, who that aside consider the deal toxic via sound intellectual reasons
To them you are a johny come lately bought in cheap for whom Prax deal sees you fine, who does not apply intellectual rigour, and is gobby
You exhibit less empathy than a goldfish. If you can't grasp that, you will never change
Have a pleasant evening
Machin - it's already showing there, good man
HUR in 2021 didn't just blow 20 million
They blew $150-$180 mill
Not buying bonds at 30/40c in S started it all off. That cost a fortune, huge capital sum + huge wasted bond interest payments
That cause AM not be renewed at 25K a day, but 75K a day paid since
Add 20 mill failed plan costs
The list is longer - but net was 150-180 mill wasted
Not counting share price and credibility destruction
kever
why don't you just grow up and grow a set? if you dish it out don't whinge when you get it back. whinging because of a namecall - sticks and stone will break my bones etc! folk are sick of you peeing on them and telling them it's raining
It's rather difficult to be outraged at truthful plain speaking .
I thought Machin payed you a compliment. I would have chosen a different word.
Kever
These are stressful times for PIs. As a general observation your way of doing things is making folk detest you. Why not rein it in a tad? Just a suggestion. Exercise sympatico.
Different brokers say different things.
Different personnel within each broker say different things.
I myself have been told from HL 3 times yes, 3 times no
On 18 April under intense questioning HUR CFO admitted HUR didn't know hence had written HMRC for clarification.
Given how much it matters to HUR that DCUs remain within ISA & SIPP, to carry some PI support, it is reasonable to assume that prior to 18 April meeting HUR made considerable effort to find out (for own self interest)
No one knows until HMRC rule the issue. And even if yes, then brokers have to interpret properly - which seems since half are incompetent, there will be some ****ups.
Thus for current decision making purposes the reasonable man will base a decision on the DCU issue being NO.
This is simple stuff.
HARGREAVES LANSDOWN
Today's 1pm deadline was on HL website/login - but deadlines rarely fixed in stone.
Hargreaves Lansdown my still accept votes till close 5pm this evening.
If cannot vote online, phone HL 0117 9009000 and ask if will accept votes by phone (they always have done)
In short - STILL VOTE if not already done so - LIKELY WILL STILL BE IN TIME
OTHER BROKERS - STILL VOTE
Either online or by phoning direct
As likely that votes will still be accepted - have always been in past
MESSAGE - STILL VOTE THIS AFTERNOON TILL BROKERS CLOSE 5.00/5.30pm
ie: in just over 1hrs time
DEADLINE TODAY 1PM - VOTE VOTE VOTE - DEADLINE TODAY 1PM
See yesterdays' same thread posts at 18.20 & 18.21 for why crucial, and how to vote.
Flying
Please post Franco Castelli email address if possible. For the benefit of all.
Flyingpie received an email yesterday from Albion's Franco Castelli confirming Albion's continuing interest.
This morning I received an early morning phone call from my own 100% trusted source of 5 weeks ago who, after reading Johns post. confirmed all details therein (and the title of this thread) as being correct.
From these I conclude that the thread title to be wholly true. So there IS a 3rd alternative to Prax deal or HUR P6 standalone till exhausted scenario
NB. Johns original post does not breach posting rules but try winning a fight with Moderator not knowing own rules
This whole thread wad removed.
I emailed Moderator requesting reinstatement on basis that posting rules had not been breached.
I received the following reply:-
" Good morning,
The thread was correctly removed as the first post that started the thread hinted at information that's not already in the public domain. The post will remain removed but the thread should be visible again.
Kind regards,
Craig"
The thread has been reinstated but Johns yesterday 's excellent & illuminating 17.02 post (start of the thread) has not. Johns initiating post can be seen over on ADVFN (I copied & pasted yesterday) - just google Hurricane Energy share chat then clink on ADVFN link, it's free to read. The post is dynamite.
senseman original post
VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE
read DF (dflynch)'s excellent original post explaining beautifully WHY all should vote, and HOW. (see 23.42 post below)
404x backs up with link to Hargreaves Lansdown (PI largest nominee broker - perhaps 50%)
HARGREAVES LANSDOWN VOTING (online) (phone to instruct if not online)
Brokers will likely apply strict deadlines. Hargreaves Lansdown (HL) deadline is Friday 28 April 1pm UK time (2pm CEST).
To vote via HL - Login
Under 'My Account' tab dropdown - click 'Portfolio Home' on far left - will open accounts etc
At far right see & click 'Shareholder meetings'. See (2) listed 'Court Mandated Meeting' & 'Ordinary General Meeting'
At far right click (each in turn) 'Give Instructions' tab'
Court Mandated Meeting - 1 item to vote on
Ordinary Mandated Meeting - 2 items to vote on
There is a PRINT option after each 'Meeting' vote, If can, print and retain (take to meeting if attending)
Hargreaves Lansdown link is https://online.hl.co.uk/my-accounts/investor-mailbox
Because of the 4 May's cruciality (a voting meeting), HUR may insist upon broker letter confirming HUR SH status & holding for entry to the meeting. If one intends attending, phone or message broker for email, message or letter confirming such & take to meeting.
DF (dflynch) will repost repeatedly between now & Friday 1pm. I will do similar with this post. Please do not get irate - many SHs only look in here periodically - and 4 May is CRUCIAL. It does not matter whether one votes for or against, it DOES matter that as many of the 21% HUR PIs as possible vote, and vote on BOTH meetings (ie Court & General). BOTH matter. I have voted against (NO) to all proposals, but that is just my view.
VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE
DF (dflynch) original post
CRUCIAL - Vote your HUR shares today
It is now getting critical that Investors, if they have not already done so, cast their votes for the Court Meeting and the Extraordinary General Meeting taking place on Thursday 4th May.
At the Court meeting individual Investors on the HURR company register at 6pm on Monday 1st of May can cast their one vote. Beneficial owners of HURR shares, that is Investors holding HURR shares in a Broker’s “Nominee” accounts, are disenfranchised from voting at this meeting.
However, and of particular importance to these disenfranchised Investors is the vote at the Extraordinary General Meeting, which follows the Court meeting. At this meeting PRAX and the HURR Board of Directors require 75% of the votes cast at that meeting to be in favour of the Scheme. That is not 75% of HURR shares on the company register; it is 75% of the shares voted at the meeting.
This is where the disenfranchised beneficial owners of HURR shares can influence events, as they can vote all their HURR shares held in Brokers “nominee accounts. Your vote will count and influence the result.
Each individual Broker will have a different method of recording votes cast by the beneficial owners of HURR shares. These usually are by either “secure” message, a telephone call, or a corporate actions “voting” function on the Broker’s website.
For example, Interactive’s clients use a corporate action’s voting function – very easy and efficient. It would be helpful if posters could post the method used by their brokers so that others may benefit and vote.
In order to process these votes Brokers usually close the voting days before the meeting so it is critically essential to CAST VOTES TODAY!
At last truth surfaces. And since Johns has no history of falsehood, I do not question his post. I posted 5 weeks ago how I believed things went down:_
"senseman post: Costs 24 Mar 2023 14:39
I have stated before and I restate - if the deal fails, CA will EGM removal of HUR chief execs, and replace with Albion. That is, providing that Albion still want to play ball. I know from a completely reliable independent source that the CA EGM Albion plan was wholly genuine. I told kooba this on ADBFN forum (I am 'filtered' there also now...))). So there are 3 options, rather than just 2. And if Albion do still want to play ball if CA have not peed them off too much, there are likely 2 - accept deal, or refuse deal and have BoD out and Albion in"
machin, well said and done
i wish I was in your position...)
senseman original post
VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE
read DF (dflynch)'s excellent original post explaining beautifully WHY all should vote, and HOW. (see 23.42 post below)
404x backs up with link to Hargreaves Lansdown (PI largest nominee broker - perhaps 50%)
HARGREAVES LANSDOWN VOTING (online) (phone to instruct if not online)
Brokers will likely apply strict deadlines. Hargreaves Lansdown (HL) deadline is Friday 28 April 1pm UK time (2pm CEST).
To vote via HL - Login
Under 'My Account' tab dropdown - click 'Portfolio Home' on far left - will open accounts etc
At far right see & click 'Shareholder meetings'. See (2) listed 'Court Mandated Meeting' & 'Ordinary General Meeting'
At far right click (each in turn) 'Give Instructions' tab'
Court Mandated Meeting - 1 item to vote on
Ordinary Mandated Meeting - 2 items to vote on
There is a PRINT option after each 'Meeting' vote, If can, print and retain (take to meeting if attending)
Hargreaves Lansdown link is https://online.hl.co.uk/my-accounts/investor-mailbox
Because of the 4 May's cruciality (a voting meeting), HUR may insist upon broker letter confirming HUR SH status & holding for entry to the meeting. If one intends attending, phone or message broker for email, message or letter confirming such & take to meeting.
DF (dflynch) will repost repeatedly between now & Friday 1pm. I will do similar with this post. Please do not get irate - many SHs only look in here periodically - and 4 May is CRUCIAL. It does not matter whether one votes for or against, it DOES matter that as many of the 21% HUR PIs as possible vote, and vote on BOTH meetings (ie Court & General). BOTH matter. I have voted against (NO) to all proposals, but that is just my view.
VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE
DF (dflynch) original post
CRUCIAL - Vote your HUR shares today
It is now getting critical that Investors, if they have not already done so, cast their votes for the Court Meeting and the Extraordinary General Meeting taking place on Thursday 4th May.
At the Court meeting individual Investors on the HURR company register at 6pm on Monday 1st of May can cast their one vote. Beneficial owners of HURR shares, that is Investors holding HURR shares in a Broker’s “Nominee” accounts, are disenfranchised from voting at this meeting.
However, and of particular importance to these disenfranchised Investors is the vote at the Extraordinary General Meeting, which follows the Court meeting. At this meeting PRAX and the HURR Board of Directors require 75% of the votes cast at that meeting to be in favour of the Scheme. That is not 75% of HURR shares on the company register; it is 75% of the shares voted at the meeting.
This is where the disenfranchised beneficial owners of HURR shares can influence events, as they can vote all their HURR shares held in Brokers “nominee accounts. Your vote will count and influence the result.
Each individual Broker will have a different method of recording votes cast by the beneficial owners of HURR shares. These usually are by either “secure” message, a telephone call, or a corporate actions “voting” function on the Broker’s website.
For example, Interactive’s clients use a corporate action’s voting function – very easy and efficient. It would be helpful if posters could post the method used by their brokers so that others may benefit and vote.
In order to process these votes Brokers usually close the voting days before the meeting so it is critically essential to CAST VOTES TODAY!
PANIC PEANUT SIZE BUYING BY BAD PEOPLE (ADVISED BY MEGA-FEE-EARNING PUPPET MASTER STIFEL) to:-
(i) Present, at later date, all 3 chief execs having 'skin in the game'
(ii) Add another vote to the required 50% Court Meeting Vote tally
The penny has dropped that, even should HUR reach the require 50% (Court) & 75% (Scheme) thresholds on 4 May (and NTSA & NSIA approval thereafter), there is a final hurdle at end May/early June (date to be set) to be overcome. That is, a Court Sanction hearing whereat a Judge will examine the Scheme (& voting) & adjudge whether it is fair and reasonable to all interested parties - including circa 21% PIs - and whether there exist valid grounds for it not to be sanctioned (Court approved). An immediate ground which springs to mind for it not be be Court approved (rubber stamped) is that PIs have effectively been disenfranchised from the 50% Court Meeting vote by the majority of PI shares being held in nominee (ie: broker) accounts which collectively amount to 1 vote per broker. And that since most PIs (HMRC necessarily) hold shares in ISAs owned by nominee brokers, HMRC have (inadvertently) disenfranchised PIs. Thus the fundamental remit of the 50% necessary (fairness) hurdle has been abrogated (set side). Thus the Judge should consider disallowing the Scheme on the common sense basis that the 50% threshold would never have been achieved had the disenfranchisement not occurred - thereby HUR would have failed at the initial 50% hurdle.
It was on this 'fairness' basis that in 2021 J. Zacaroli refused to sanction the Restructuring Application at the initial 1 day Convening (rubber stamping) Hearing. and ordered a full 3 day 'Evidence Hearing'.
HUR are afraid that even if it succeeds on both 4 May votes, that the Court will receive 100+ erudite objecting emails from PIs prior to the end May/start June final Sanction Hearing. This is the crux.
There is NO NEED to write now to the Court. No date has been set, and no Judge appointed. There will be enough time post 4 May, should PIs not agree the outcome, for PIs to collectively construct an agreed objection email/ letter/ document to be sent to the appointed Judge by as many PIs so minded. On this basis, energies should REMAIN FOCUSED on collectively getting as many PIs as possible (whether for or against), to VOTE by DEADLINE FRIDAY 1pm UK time