There better be a very very good story why we are raising so much money when we don't need it!
Rumours continued to circulate about the fundraising by Providence Resources, the cash-strapped Irish oil junior run by Tony O’Reilly Junior, the son of the former Independent newspaper owner. Sources said Cenkos, which is in charge of the placing, had secured orders for more than $70 million. The AIM-listed company’s shares have been suspended since April.
He was also trying to get an egm to question tor's leadership too? Sorry if that wrong.. dont have time to double check.
I do not see Richard Jennings winning a court case on the issue that he is suggesting. I would imagine that even though Providence said that they were the final costs, and it turned out that they were not, I would think that a judge would say that it was within reason to state that the figure given in the Annual Report would be the final figure, and that they reasonably could not have excepted it to be different. I think it would be a waste of money to take any legal action, and we would of course be paying for it.
Does anyone have contact info of Richard Jennings? There was an info to send an email with your current holdings, am looking for that message.
Not a holder but friend has shares, hoping for good outcome. At this stage ii's badly at fault.
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