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Sun 23:01Price: 0.36
Zibrahimovic4,593 posts
RE: Posted on Advfn

Failing their duties eh? Who'd have thought it. 111 million dollars and to think some people think failing fiduciary duty is a minor offence.
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Sun 22:46Price: 0.36
Earsbern78 posts
RE: Posted on Advfn

Good spot, Zib.

Hee-hee. If Hope reads that and doesn't accept terms, he'll deserve everything he gets (well, he already deserves it anyway). 2 directors fined $111 million dollars each. Wow - FRR are only asking for half that from one director - what an absolute bargain. He should grab it while he can.
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Sun 22:35Price: 0.36
Zibrahimovic4,593 posts
RE: Posted on Advfn

http://www.hedgeco.net/news/08/2011/cayman-hedge-fund-managers-fined-for-neglect.html

Both Directors fined over 100 million dollars each. :))))
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Sun 21:04Price: 0.36
Coggy14,740 posts
I'm Coggy

I went all in on FRR

and look what happened to me!

https://www.youtube.com/watch?v=gQBOepTtiM8
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Sun 21:04Price: 0.36
Zibrahimovic4,593 posts
RE: The AIM debate

I see the vermin like cacknife and wan king have crawled out of their cesspit on Advfn lol...they'll hide for good come Wednesday...
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Sun 20:52Price: 0.36
StarRage1,856 posts
RE: The AIM debate

Neil22 has so many shares he forgets how many he has. I’m sure it’s a mahoosive amount though!
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Sun 20:47Price: 0.36
Zibrahimovic4,593 posts
RE: The AIM debate

SR you missed out Neil22 with his mahoosive holding..
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Sun 20:14Price: 0.36
StarRage1,856 posts
RE: The AIM debate

Bedex, it’s weird but the more you are invested the more you are chilled. Not sure of the exact list but Coggy, Mole, ODR, Lub, RR and few others all hold MASSIVE amounts, and are in general the most relaxed on the board. Time will tell, but if honesty is a reward, they will all benefit immensely.
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Sun 20:07Price: 0.36
bedex2,704 posts
RE: The AIM debate

Just to say I admire the steely determination of you guys that have committed so much cash to frr. I know there are a good number of you and you deserve success.

I don't know how you deal with the scumbag posts so coolly but I guess it's easy to deal with once you recognise them for what they are.

More power to you and Zaza, now let's see this sorted once and for all and the detractors buried forever.
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Sun 19:42Price: 0.36
StarRage1,856 posts
Devex (again) on ii

Joint Operating Agreement Prompted by Eyesonhawk on the Cayman’s Court thread I did indeed watch the last Zaza video again, and if you link it to the last Q&A and to the proposed $60 million loan facility you have to conclude that there will be a joint operating agreement to develop the Tarabani field. In the Q&A Zaza left both farm in and operating agreement options open - but it was clear to anyone there that he didn’t really want to share ownership of the asset. And he also implied that sharing a portion of the asset was a complication that he would prefer to avoid - it would require opening up and re-assigning part of the PSA agreement with all the complexity and delay that would ensue. (I also assume that it would involve relinquishing a portion of the $400 million of oil profit offset). In the video, towards the end, Zaza refers to an operating agreement involving both parties putting their capital at risk. He seemed to gloss over the farm in option. And of course this week we heard about the vehicle intended to raise that capital - no doubt to enable the shared risk he has referred to. I wouldn’t be at all surprised if BH were somehow involved here - at least in assisting with the business case that would have had to be presented. And they will certainly be involved in assisting the technical due diligence required in the field visit. I have to say that in the interests of longer term value realisation this has to be the best way forward. And as I suspect BH are very likely to be a provider of some of the vendor debt they will be very keen to get the next phase moving ASAP. There - and I didn’t mention the word Cayman once!
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