Iknownuffin + general14 May 2023 20:23
Firstly, unless you reveal your twitter identity then how do I know if you've contacted me or not? and only you have said I am some Matrix person! secondly, I've repeatedly asked you to filter me and yet you still carry on, whenever I post you suddenly arrive and abuse and attack, so why? thirdly, all my postings contain my own opinions, just like everyone else who posts here and elsewhere, the only people who know the real truth of the matter is the Board, but they are rather scant in being transparent, and hide behind shortly's etc! so they only have themselves to blame if shareholders start querying, attacking, arguing, and giving their own assumptions/theories of what might have happened or hasn't happened. For instance, the Judge hasn't thrown the Queeld case out, he could have done at first instance if he didn't feel it had any merit, so it looks as though it will go to trial soon. On that basis, should he find in the claimants favour, and finds that the Company through their share registrars dragged their heels and failed to deal with the indemnity situation when Queeld and Mispare had the same on offer, then naturally, damages will follow on from that. The Judge will then have to decide when were they likely to sell shares, at what price, and how many, as they were prevented from doing so. On the basis that Churakov might have been trying to help them out, then I would take it that it would be around the date that the Board finally got around to informing shareholders in an rns that Churakov had had an urgent cash call, but the Board weren't aware, and he had disposed of quite a volume of shares. I suspect words were had and Churakov was told to restore the situation back to how it was and quickly. I also wonder if the Board deliberately dragged their heels on their indemnity situation because they had no intention of acquiescing to it because they didn't want some 300 million + shares flooding the market which would have undoubtedly collapsed the share price. Further, as the damages are not quantified in the amended particulars, that begs the question that should the claimants succeed, then the Judge could also award damages for any loss suffered by Queeld say, for not being able to bail themselves out of an akward situation because they couldn't get to their shares to get cash. If they succeed on their claim, then potentially, an award of damages could cripple the company financially as it will be well in to the millions. The alternative is whether a Judge would order the transfer of any directors shares, assumedly CS's as compensation in lieu, and if that were to happen, that would perhaps potentially give Queeld a takeover position of the company, but I'm not sure on the transfer of shares situation as a remedy? The company state they believe they have a good case, but they don't give any indication of what might happen if they lose, and I think they should.