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Asia Resource Share Discussion Threads
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|Another worth watching is Rusoro - already sitting on a US$1+ billion arbitration award against Venezuela, looking to settle and indicated significant payout to shareholders. Market cap currently C$130 million ...|
|I wonder how many of you have your eyes on CHL now ?
The outcome of the forgery dismissal case is due in Sept and if we win then there is not much more to sort out.
We got a bit ahead of ourselves last week as we reached resistance at app 28.37 so experiencing a bit of a lull at the moment.|
|AERO: EARLY LITIGATION END EXPECTED
Timbo003 attended AERO’s AGM on 30th June, and six days ago posted a lengthy and informative report on it on his AERO thread (timbo003 3 Jul'16 - 16:44 - 293 of 344).
Here are the extracts about AERO's legal case:
"Q; Is the impending litigation effecting customer orders, or term offered by suppliers?
A: No, there has been no discernable effect.
Q: The statement release today states that the litigation is arranged for October, can you be more specific?
A: A specific day wasn’t specified by the court, instead they indicated a slot (around about October 6th).
Q: What would you consider to be a best case and worst case outcome for the court case?
A: Needless to say I didn’t get a straightforward answer to this question, but after going over the possible outcomes a number of times at the meeting, I was left with the impression that if the whole deal were to be rescinded, it would probably be considered a satisfactory outcome for both parties and I now consider this to be the most likely outcome (to be settled out of court before the hearing commences)."
From AERO's final results the same day:
30/06/2016 14:31 UKREG Strat Aero PLC Final Results
" ... There are a number of potential resolutions available to the Company in relation to the legal action including a settlement, rescission of the purchase of Aero Kinetics as well as actual and consequential damages. Unless settled, the court has set a date of October 2016 for the case to be heard. ... "
|Please note the following related thread:
"Investments whose value depends significantly on the outcome of legal cases"
|27/04/2016 07:00 UKREG Challenger Acquisitions Limited Final Results
"...The complaint was filed in the United States District Court for the Southern District of New York (Case 1:15-cv-07213).
On 17 November 2015, the Company filed a response to the complaint, in which the defendants denied all of the claims made by Madison and moved to have the complaint dismissed for lack of personal jurisdiction and failure to state a claim upon which relief can be granted.
Following Madison's change of counsel in January, Madison amended its complaint. The court heard oral arguments on the motion to dismiss on 7 April 2016, but the decision of the court is expected to take several months...."
|01/04/2016 16:00 UK Regulatory (RNS & others) Strat Aero PLC Corporate Update and Board Changes LSE:AERO Strat Aero
"... Corporate Update
Following the announcement released on 11 December 2015 regarding the acquisition of Texas based Aero Kinetics, the Company has filed a legal action in Texas, USA against Mr W. Hulsey Smith, the vendor of Aero Kinetics on counts of fraud and breach of contract. Strat Aero has also terminated the services of Mr W. Hulsey Smith, Chairman and CEO of Strat Aero's subsidiary Aero Kinetics with immediate effect.
Further updates in connection with this legal action will be made as appropriate.
The Company continues to make good progress across its various other business divisions, particularly, the Company's 100% owned subsidiary Geocurve Holdings Limited, a specialist in the provision of UAV operated topographical surveys and inspection services to blue chip customers, including the UK's Environment Agency, EDF Energy, Carillion, and the RSPB. In tandem with this, the Company's proprietary Digital Data Management software ('DDM'), which secured a contract with leading aviation industry service provider ReadyJet on 1 March 2016, continues to attract potential new customers in line with the Company's roll out strategy to new industries and geographic regions. In addition, as announced on 19 February 2016, Strat Aero secured its first orders in the wind sector and discussions are ongoing with other operators.
A full trading update, alongside the full year results for the year to 31 December 2015, will be released in due course. Importantly, investors should note Aero Kinetics was not projected to have a significant impact on the performance of the group in the near future...."
15/04/2016 12:07 UK Regulatory (RNS & others) Strat Aero PLC Update Regarding Litigation LSE:AERO Strat Aero
"Strat Aero Plc, the AIM quoted international aerospace company focused on the Unmanned Aerial Vehicle ("UAV") sector, announces that, as anticipated in the announcement made on 6 April 2016, the Company and its directors have received a defence and counterclaim from W. Hulsey Smith. The Company continues to believe and has been advised that it has a strong claim and a robust defence against Mr. Smith. The Company intends to vigorously pursue its claims against Mr. Smith and believe his counterclaims and purported defence to be without merit."
|Suggest contacting shareview|
|I missed the deadline of the 7th to accept as a away. What will happen now. They are held by shareviw? Do I get the money anyway?|
|Just checked. I was credited yesterday by selftrade. 56 P each.
good luck !|
|Has anyone had payment for there shares yet ? .|
|I think it was within 2 weeks of the 1st of July but I could be wrong|
|Anyone any idea when we are going to be paid ?|
|This is a communication on behalf of Asia Coal Energy Ventures Limited (ACE).
With the Rule 16 resolution having been passed, with 99.9% of the votes in favour, at yesterday's General Meeting of Asia Resource Minerals plc (ARMS) (http://www.investegate.co.uk/asia-res-mins-plc--arms-/rns/result-of-rule-16-general-meeting/201506291622285611R/), and in order to crystallise the 273% premium from ACE's cash offer, ARMS shareholders are urged to accept the offer at the earliest opportunity.
The first close of the cash offer is tomorrow, Wednesday 1 July at 1.00 p.m.
If you have any questions with regards to the vote, contact Equiniti 0871 384 2030 / +44 121 415 7047|
|Nice one. Sp being offered of 56p|
|I would like to know that too !|
|When will it come back onto the market?|
|Is 56p a full and fair offer i don't think so , i will be voting no to this new offer ! Naughty .|
|I had thought 50p might be a knock out price as posted a while ago. 56p if it happens is a real bonus.
Yes, fingers crossed.|
|fingers crossed makday!|
|ha ha ha..if only we all had hindsight...don't worry OXS will come good!|
|looks like I called ARMS switch to OXS too early.. Nice update here today (then oxs) :-)|
|Get in there!|
|I will be voting No to 41 p offer per share we need a full and fair offer for are arms shares and i do not feel this is a full and fair offer ! . Im sure there are many out there that have payed a lot more then 41 p ! and need a full and fair offer .|