Fortune Oil Forum

Just got strange email from Barclays saying this is a compulsory action and no choices - I will challenge

Why is it assumed major fund manager will have done deal with concert party and will vote Yes. I would hope they will try to maximize value either by selling on open market or by looking to get best deal, I would therefore expect many to sit on hands or vote no in hope of better offer. I also doubt that it is legal for concert party to make offers to some share holders to secure yes vote which are not available to all, so I don't see what private deals are possible.

There are two envelopes, one is PXS 1, the other CAG 1. Which documents go in which?

i have only 88,000, n an ISA i am mined to vote no even tho i think it will make no difference .

Please could someone explain what is the Scheme Court Hearing, who is the court made up, what criteria need to be satisfied

I think I will vote no. But concert party seem to hold all the aces.

need

My 80,000 in an Isa so I presume I nee to ask of my vote to be no. I think FTO shares worth about 20 pence each. 15 p each would be fine. 10p is better than nothing. Is there any down side to voting no?

Question - Why would major institutional investors accept 10p per share on a share worth 14p a year ago with a NAV over 20P ?

I dont think a no vote would lead to a long term fall in share price. 1) Consensus seem to be NAV is above 20p 2) Long term prospects for china energy sector very positive. 3) Income from investment assets will become increasingly transparent underpinning share price, 4) BOD have signaled intention to take company private and believe market will view 10p as Min offer like to achieve success in the future.