paris-lea
09 Nov 2015
Re: Message to the BOD I think you have hit the nail on the head, I cannot believe RS would have said "Very near" if there wasn't something concrete to go on and I also agree and believe some sort of negotiation or deal is going on behind the scenes. My only niggle is why is the SP not a lot higher, if you believe some of the figures being banded about then the SP should be 10p plus imo, someone somewhere always knows!
the old trout
08 Nov 2015
Re: Message to the BOD I think the only logical conclusion is that the panel would have given advance notice of their intended decision and given the parties a time limited opportunity to make final comments. During that period if I were the Uzbeks, and knowing my side was to face the full glare of worldwide publicity for an adverse decision, I would make an offer to Oxus for a financial settlement which would remain confidential. I therefore expect a RNS fairly soon stating that the parties have reached agreement outside the arbitration process and that a special dividend will be paid to shareholders once the monies have been received and all costs have been accounted for. There is precedent for this, but the big question is whether the shares will go into suspension pending payment of the special dividend, so that only shareholders who are invested pre announcement will benefit.You pays your money and takes your chance........T
luckyman2
08 Nov 2015
Re: Message to the BOD You wonder why he said "the very near future".You would think that he had learnt his lesson from the last time he gave a time frame for our result.Why did he not just say "the near future"
Brookie Boy
08 Nov 2015
Message to the BOD Mr Shead and fellow directors,It was back in September that you stated the outcome would be known "in the very near future". In most reasonable people's view this would be within a month or 2. Please can a more definitive timeline be given along with reasons or expectations for any further delay. Investors can then make a more informed decision.
Pennyfalls
06 Nov 2015
Re: The Legitimacy of our claim. Oh, I agree, the arbitrators won't give one jot about shareholders - they won't give one jot about Company"Justice" either, if they find some technical anomaly etc etc..My point is, they're almost serving the system itself rather than Justice..(and ultimately, shareholders are at the end of that justice/injustice) However we've been down this track before with links etc etc...but...well...I'm past that phase..Just bring me a giant pint of booze!!
indaknow
06 Nov 2015
Re: The Legitimacy of our claim. PennyThe Company isn't the shareholders. The Company is a separate entity from shareholders. There IS a distinction. The directors have a duty to act in the interests of shareholders, employees and creditors. I don't disagree with your complaint about the injustice, but it isn't and won't be a concern that the arbitration judges will give a second thought. Fact.
Pennyfalls
06 Nov 2015
But, of course.. If Pierre and Monsieur Lalonde decide to give us 10p-plus, I shall partially forgive them 
)
Pennyfalls
06 Nov 2015
Re: The Legitimacy of our claim. The system of justice is way too pondering, lumbering, apathetic, inward looking and self-important (see Brigitte Stern's recent book-like waffle on valuation)..The system loses sight of what it is there for.
Pennyfalls
06 Nov 2015
Re: The Legitimacy of our claim. Indaknow - since the company IS the shareholders, then you can't split the two.The investment IS the business, and the investment IS shareholding.But, my point is more that justice is not served by massive delays. No amount of interest on top etc etc can assuage the passing of time and that loss for company staff, Directors, and stakeholders.
Pennyfalls
06 Nov 2015
Re: Penny / hemorrhoids I was talking about yours, Nervous ;o)
indaknow
06 Nov 2015
Re: The Legitimacy of our claim. Whilst I agree that the waiting is getting rather tiresome, I don't actually agree with your comments BBanker (I respectfully disagree).The arbitration judges are not concerned with whether the shareholders of a company have suffered an injustice; they are concerned with whether the company (as a completely separate entity and distinct from the shareholders) has suffered an injustice. As a result the judges won't give a second thought to whether the shareholders of a company have been 'locked in' and certainly won't let this enter into their calculations for compensation.
Nervousrex
06 Nov 2015
Re: Penny / hemorrhoids My apologies m8 , won't breathe another word on the subject . Not something I would normally talk about even to Mrs Rex Thought we might have the usual Friday p.m. rise here , but doesn't look promising .
Nervousrex
06 Nov 2015
Penny / hemorrhoids Had them once , very unpleasant m8 . Hope they are not giving you too much grief . Things a bit boring on here . The big event went well though , weather was perfect .
Pennyfalls
06 Nov 2015
Re: The Legitimacy of our claim. Agree on all points.I think those involved in legal systems sometimes lose sight of why they're there in the first place, maybe like Doctors who get jaded with patients..But the delay is an injustice in itself - especially if a negative outcome or minimal award.Will most definitely leave a very sour taste.Nervous..?? We still mates?? I rescind my inappropriate usage of the hemorrhoids subject! I sinned. Forgive me!
BBanker
06 Nov 2015
The Legitimacy of our claim. It would be nice to have confidence in the legal system to protect shareholders but I have enough experience to know that the judgement of many in the legal profession is very unreliable and seems to take far too long. Surely it is not beyond the ability of those who act in judgement to come up with the right decision and not to prolong the agony of many shareholders who are waiting on that judgement. Even if there is a decent level of compensation it will not compensate those who have been locked into these shares for 5 years in the hope they will get their money back. Surely the company had some basis for stating that we should hear in the very near future and it would be helpful if the directors could justify that statement. Patience is beginning to wear a little thin!!!
