Post by playtime on Jan 15, 2015 11:36:03 GMT
my opinion is this has now the finale of an absolutely perfectly engineered mgt take back control situation.
Lind, core and Abraham are connected - RIG needs to really focus on this. They need to leave their niceties at home, and get tough. They need to not take things given at face value. Even their meeting on the 23 rd may be orchestrated and too late.
Lind plays bad cop, taking the tough stance. Abraham good cop - trying to focus on (so shareholders are told) getting on with the job for the benefit of shareholders, or at least this is what they are trying to make us believe. Core is the solution, but really more likely will end up bring the problems and banging the nail in the coffin as they take the company away from PI's hands..
The only problem is I believe that they are so connected. Abraham does not need to look elsewhere for a different finance deal, Core will provide it as they are in my opinion connected. It is just a matter of saying now to shareholders that Lind agree to having their monies returned by Core, but if you do not vote, then they will take us into Administration. What will PI's do. They will naturally vote Core. Core will most likely bring the hammer and nails to the meeting.
My stance is that a RIG should vote against the Core deal, call an EGM, elect a couple of board members, clear out the deadwood once and for all, and look at getting a new finance deal. With the rigs to pay off Lind and start fresh, streamline the crew and there could be a couple of us who could tap in to our contacts to see if we can raise some finance. It's a long stance, time, effort but a true new beginning. Range would have to be considered a start-up albeit less risky as it has licences and small production, but I believe Consorcio started with nothing apart from a father and son starting up and applying in Round 12 for some licences.
These are my opinions only, but RIG need to concentrate on the connections, the timing of moving the offices, the connection of PL AND NKWE, David Chen. These are massive coincidences....and then what the previous directors have been saying openly.
Lind, core and Abraham are connected - RIG needs to really focus on this. They need to leave their niceties at home, and get tough. They need to not take things given at face value. Even their meeting on the 23 rd may be orchestrated and too late.
Lind plays bad cop, taking the tough stance. Abraham good cop - trying to focus on (so shareholders are told) getting on with the job for the benefit of shareholders, or at least this is what they are trying to make us believe. Core is the solution, but really more likely will end up bring the problems and banging the nail in the coffin as they take the company away from PI's hands..
The only problem is I believe that they are so connected. Abraham does not need to look elsewhere for a different finance deal, Core will provide it as they are in my opinion connected. It is just a matter of saying now to shareholders that Lind agree to having their monies returned by Core, but if you do not vote, then they will take us into Administration. What will PI's do. They will naturally vote Core. Core will most likely bring the hammer and nails to the meeting.
My stance is that a RIG should vote against the Core deal, call an EGM, elect a couple of board members, clear out the deadwood once and for all, and look at getting a new finance deal. With the rigs to pay off Lind and start fresh, streamline the crew and there could be a couple of us who could tap in to our contacts to see if we can raise some finance. It's a long stance, time, effort but a true new beginning. Range would have to be considered a start-up albeit less risky as it has licences and small production, but I believe Consorcio started with nothing apart from a father and son starting up and applying in Round 12 for some licences.
These are my opinions only, but RIG need to concentrate on the connections, the timing of moving the offices, the connection of PL AND NKWE, David Chen. These are massive coincidences....and then what the previous directors have been saying openly.
