Lucan is still a lackey1 Oct 2019 16:42
I have read the commentary on the meeting, I am not surprised Torreaguas and Charlie London are euphoric. Once again, the facts haven't changed Lord Lucan failed to prove his point. YL don't take their vitriol , it's all they have.
Claims about showing up and asking yourself is soooh schoolboy. Gentlemen, really? Why should anyone waste their precious time when all is known and the answers are the same? Lord Lucan has email why should he not answer it? Did anything change in the last 48 hours (other than trading)? Not a bit.
- A lot of discussion about Saltfleetby..Essentially it remains a break even opportunity to keep the lights on ....still adds up to a lifestyle company.
- the future remains to be Balcombe
-Torreguas claims " The loan was repeatedly brought up. The answer is that there is an end date to the loan which is not here yet so nothing can be done until that expires. No date was given but they couldnt because it is not ethical to do so and would probably be against confidentiality rules/law. So there is the third one you can all put to bed."
I believe Lord Lucan is covering for JTP. Firstly does ANGS have an employee loan programme? Not that I can tell. Therefore this was a DIRECTOR"s LOAN. JTP is no longer a 'Director,' therefore I believe the loan is due ( Broadly, this is standard procedure, a governance expert like George should know that)
It should be unacceptable to CL, Torreguas and Lord Lucan, that JTP is purchasing shares with shareholder money ie not paying back the loan. I think this is one more sign that facts don't matter. Further the Lackey gave him a paying job as Biz Dev to presumably pay the loan, surely shareholders have a right to know what exactly is in the EMPLOYEE LOAN programme?
I believe this class action suit is tenuous at best on substance . Just read these BBs there has been plenty of RAMPING now and then. I believe the only issue really is JTP tweeting pictures of oil from Brockham when he probably knew it was a duster. Dusters happen in OG but given JTP's track record and timing, this is should be examined.
And there is still no explanation for paying off Leningas with a premium on his Lidsey investment - which he did not deserve - for his support of the requisition. What is the new valuation on Lidsey and why?
- But Management's approach is different this time. It is not. This stuff about Star Wars is trivial , comparisons between old management and new way to communicate etc etc. is a canard. Whilst we all have our preferences, it is the facts that matter. And right now, the company has ZERO profit and too much time and money invested in a former Chairman who found the role ethically challenging - unless he is shadow directing.
As YL said, they have to deliver and thus far, have not. We can appreciate Lord Lucan's point of view but it is far from unexpected.
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