Member Info for worraps

Although the share price has dropped over 5%, the buying is actually quite strong. More or less on a par with selling. Is that rustling noise I can hear, the sound of The Guardian getting some shares on the cheap? It really wouldn't surprise me!

I believe there should be a time limit for investigations. Just like with the police, they can only hold onto a suspect under investigation for so many hours without bringing charges, and have to obtain an extension if they wish to continue to hold them for further investigations. And again, that is only for a limited period. I would like to know why SFO investigations are allowed to hold a company under threat for years like this. It's seriously not right.

Galveston, you have used 41, yes, 41, exclamation marks over just 8 lines of your last two posts. With aggression that needs help like that, you do not need a reply. You need help.

Galveston, if the bribes came from PFC company funds, why have they not been charged with anything? Only Lufkin has been charged. That’s a question you may have the answer to?

This must sound like a naive question, but if Petrofac were unaware, and uninvolved with Lufkin's activities, as it was done covertly, why and how would the SFO bring any subsequent punishment to anyone other than Lufkin himself? The SFO have been (as far as I am aware), unable to find any evidence against the company itself, only Lufkin who worked for them.

Investing 101.....the bribes were outgoing, not incoming. See link:- https://www.sfo.gov.uk/cases/petrofac/

My post on Tue 11:48, was actually made 'tongue in cheek', not truly serious, but just to make a point re the SFO and length of trial procedures, and the damage that it causes to viable companies. The investigations, conclusions, and any subsequent sentencing should NOT take four years or more.

crytpolife, the new Business Development director has been taken on to encourage and obtain further business opportunities in the renewable energy sector, such as wind, carbon capture usage, etc. It's all there if you want clarification. Green energy is what is being brought on with vigour, to encourage a healthier environment. The fact that PFC are not hesitating to bring their expertise to this sector is very encouraging.

Dear SFO
It would be very short sighted to punish, in the form of continued delay of resolution and consequence of the trial of Mr Lufkin, a company that is set on improving the health of the world. Enough said.

Paddyboy1 / Tue 12:48 and denby69 Thurs 09:24........... I do wish the market would hurry up and agree with you!

Thanks, kilman. It's always nice to hear another's viewpoint. As you say, 4 years is more than enough. The re-scheduling of the hearing and delay of several more months just for a mentions hearing is unacceptable in my view.

Has the wording changed on the SFO website? After the charges are listed, it goes on to say "The matter has been listed for a mention hearing on 21 June 2021"
Then it goes on to say "The SFO's investigation into the activities of Petrofac, it's officers, employees and agents for suspected bribery, corruption and money laundering continues. This is an active case and the SFO can provide no further comment at this time"
"Page published on 12 May 2017 / Page modified on 17 May 2021"

I thought that Lufkin had pleaded, and been found guilty, the case was concluded, and that the last court hearing was for sentencing, but then got changed and re-scheduled to 21st June for a mention hearing. But it now says that the case is active and investigations are continuing. The page was modified on 17 May 2021. I am confused !!

Buy-high-sell-lo
Here you are:- https://www.sfo.gov.uk/cases/petrofac/

It seems at the moment to be alot of 'might' 'could' 'possibly' 'discussion', taking place. And the Jersey spokesmen are hinting at co-operation rather than compliance. So, we'll see. It is a change that has been lurking for some time, and JB is wanting to do things to make his mark on the world, and to get pats on the back.

Jersey are self governing, with their own financial and legal systems. They are not part of the United Kingdom, they are a British Island. They are therefore not in the G7 or G20, as they are not part of the United Kingdom. Guernsey and the Isle of Man are in the same position, not part of the United Kingdom.

http://www.tradearabia.com/news/IND_382888.html

hTTp://www.tradearabia.com/news/IND_382888.html
Thanks to ‘Knowing’ on ADVFN

Galveston, I would have thought if the SFO have evidence against the company / previous board members, that after four years they would have been charged as David Lufkin has.

Nicely summarised, Paddyboy1. Yes, regarding the degree of manipulative shorting here at one time, I have to admit I have had times of despair at the sheer scale of the power it can have over a share price! So naturally I’m hoping you are right, in that they have reduced for a reason.

Thanks for the reply, Paddyboy1. Please be reassured that I have observed and researched PFC for some time now, and have always had a holding of varying sizes. I am fully aware of the Lufkin case details, but haven't actually read the official document regarding the change of hearing date until a few days ago. I had understood previously that it was described as a 'Direction Hearing', but spotted on the official description that it is a 'Mention Hearing', which can represent a different procedure. Something much more simple just so that proceedings can continue. I only mentioned the fact, as I have noticed that many participants here are expecting and hoping for an end to the case on the 21st June, and since reading the official court document, I feel that possibly that might not be the case. Anyway, as is always the case.....we shall see!

I have been encouraged by the drop in shorts, quite significantly. And I do like the professionalism of the company and new board members. So yes, I will be holding on to my recent large top up for better days, which I feel will be definately coming.