Cloudified Share Discussion Threads

[debbiegee] 10/5/2016 12:42

Quinliven said he would sort out the finds in the best possible interest of shareholders/dilution and that they had had no trouble with raising money and he hoped to raise cash at a higher price I think.
Hopefully the price is higher before and then after any positive result is announced.

[neo26] 10/5/2016 12:25

interestingly he stated in the podcast that whatever the result of the forgery the tribunal will not stop there.

If the forgery decision goes our way a number of litigation funding groups will be begging us to use them. Then the issue of money goes away..

[debbiegee] 10/5/2016 12:20

hear Hear Stephen and mlso no respect for International treaties even when in the throws of negotiating new ones on the world stage or to them menagerie LOL

[stephen1946] 10/5/2016 12:08

Going through previous awards is worthwhile as a guide but to take them as a certainty that the same thing will ultimatly happen here is equally naive.
Circumstances vary enormously, and the intimidation, violence and spurious allegations of forgery, i feel, will go a long towards ensuring CHL get a justifiably large amount of their claim.

Taking on board the fact that not only do ROI think they can treat Chl badly they also treat icsid with utter contempt, that sort of bravado is expensive.

[coley15] 10/5/2016 11:43

Agree - but it's nice to dream .....

[masarap] 10/5/2016 11:42

rossanan, whatever the award amount (if any) then there is currently an additional circa 24% to add and if it takes 18 months more than add on an extra 42% ... actually more if it is compound interest.

Without question it's a point worthy of noting / discussion.

[masarap] 10/5/2016 11:08

FlyingC, PBO1 thanks for that ... now we know at least one reason why ROI appear to have sought a settlement albeit probably a very low one. If ROI think they are going to lose you'd think they are not going to want to drag it out by time delays.

[debbiegee] 10/5/2016 11:05

Just found this on another site,have not looked yet but think its the same

[pb01] 10/5/2016 11:04

I was wrong. Interest rate is closer to 12% per annum.

Edit: - That would make the claim now closer to USD 1.64 Bn (796 p/share based on 147M shares) or 8p per share per month interest. based on exchange rate of USD1.4 = 1 pound

Staggering interest levels. Please someone check my maths

[flyingc] 10/5/2016 11:04

Thanks PB01 (4086)

If it is 8% then that's well over $100M alone in interest per year, and it's been two years since that valuation already.

Ouch ! (if you are ROI......).

FC

[debbiegee] 10/5/2016 11:01

Many thanks for the header update !
Great job as always :-))))))))

Surprising how many folk are lurking in the background !
Including our unsung hero :-))))))))

[pb01] 10/5/2016 10:22

I think when we last looked at the interest issue it was calculated at the Indonesian rate which was something like 8% from memory. This equates to an interest level of several pence per share per month - the interest was huge!

If you also recall in DQ's youtube video (see link in the header) the valuation of the current claim plus interest (at the time in December) was equivalent to 720 pence per share.

[debbiegee] 10/5/2016 10:20

If and only when my little elf has time could he please add this latest interview with Mr Quinliven to the header :-)))))

[flyingc] 10/5/2016 10:14

Thanks Masarap (4083)

I haven't researched this point too thoroughly (and so am open to correction), but I understand the ICSID case against Venezuela last year involved interest being calculated at 3.25%, compounded annually.

I haven't got my calculator out, but two more years equates to a lot of cash over and above the $1.315bn. The interest alone for that period is probably worth more than CHL's present market cap.....

FC

[masarap] 10/5/2016 09:40

Thanks rettah, so almost exactly 2 years interest to add on as the precise amount claimed through ICSID was filed in June 2014.

"In June 2014 Churchill/PlanetR17;s lawyers, Quinn Emanuel Urquhart & Sullivan, LLP, filed a supplemental memorial on quantum and damages following the engagement of international valuation experts FTI Consulting Canada LLC who prepared an independent assessment of Churchill/PlanetR17;s damages to Churchill/Planet of US$1,149.90 million plus pre-award interest of US$165.70 million for a total of US$1,315.60 million."

[rettah] 10/5/2016 09:24

"Amount claimed is 1.31b plus interest"

Just to clarify, the claim includes pre claim interest. The post claim interest is what is accruing.

[theorb] 10/5/2016 09:19

CHILCOT finishes his enquiry in June, just in time for him to take over the arbitration and move things along?

[masarap] 10/5/2016 09:13

$2m cash in bank at present - 'more than enough' to complete this authenticity phase.
Not sure if that includes the $200,000 that ROI have sent to ICSID who, in turn, will refund CHL.

[p@] 10/5/2016 09:04

As to the icsid hearing ,it seems strange that a sovereign state ROI can take one side,but the other side (a comparatively small entity) cannot get help or advice from its state entity.

[debbiegee] 10/5/2016 08:57

Ross I did say that was the surprise element and will def listen again later

Quiet under the radar at the moment as many of our regular visitors are in hibernation LOL

[p@] 10/5/2016 08:57

Aimstocks-

Very informative interview and Churchill starts at 22 mins...Thnx

[debbiegee] 10/5/2016 08:55

I dont think there can be many more forced sellers