Cloudified Share Discussion Threads

[bones30] 25/8/2015 19:08

Founders: Indonesia’s Lion Air magnate Rusdi Kirana

[debbiegee] 25/8/2015 17:52

PBO1 spot on !

[pb01] 25/8/2015 16:59

Yes a good summary Debbie. If I held so may shares I would certainly want to be fully involved in the discussions and have a big say in the settlement price.

[debbiegee] 25/8/2015 16:21

Our major shareholders have never sold and have all taken part proportionally in the placings.
Todays rns is just another "getting all the ducks in a row"

Cause First Ventures could have asked a long time ago for a board seat so the only thing we can deduce is that they now wish to be closer to the action.

[pembury] 25/8/2015 15:56

Might look a bit suspicious in the same way if they started dumping!

[bones30] 25/8/2015 15:32

Wonder if they may add some shares?

[debbiegee] 25/8/2015 14:26

Thanks Daddy .
I think that if our board and Major shareholders could negotiate what we feel is a fair price we would all accept it ?

[daddy warbucks] 25/8/2015 14:13

Thanks Debbie. I have quickly gone through the Articles of Association and near to the end, (section 182) it says if there is a withdrawal from the ICSID process, we may have to vote on a special resolution to proceed. That is how I read it!

[debbiegee] 25/8/2015 14:07

When cause first ventures took the shares they had 2 Indian coal companies and were interested in securing themselves with coal for the future.
It seems there company has moved on and branched out but they have stuck with us even though their shares cost them a lot more than they are today
They have of course been able to take advantage in a few placings to average down on their price paid.

[debbiegee] 25/8/2015 13:56

Not sure really as its not a T/O situation whereby they need a certain %age of acceptance votes.
This is an Industrial dispute court case or management negotiating an OOC.

I would only be guessing that if they could make a deal with ROI we might not be asked to vote but if many found the deal unacceptable there could be channels to protest or contend the decision.

I would however feel confident with our management + 1 of Palas men ,this new guy and Fara [ex glencore director] and Rachmats man that all angles and possibilities had been pursued.
Dont forget even in the negotiations our lawyers could also be guiding us.
I think we are in good hands.

[debbiegee] 25/8/2015 13:39

All 3 major shareholders now with a man or man and woman on board.
In the heart of it taking care of their interests and OURS !

[bones30] 25/8/2015 13:38

Yes, I remember that.

Perhaps that 50%+ might need some "help" with their decisions.

OK, yes, again very optimistic!

[daddy warbucks] 25/8/2015 13:38

BonesWith over 50% of the vote held by a small number of investors, they will be the ones who decide, I should imagine.I remember debbiegee saying something about the companies articles being changed so that any offer had to be fair to all shareholders. I don't know if you have that info Debbie, please.

[bones30] 25/8/2015 13:37

PT Indo Setu Bara Resources Tbk, through its subsidiaries, engages in coal mining and commodities exploration activities in Indonesia. The company has interests in Kampung Labanan Makarti and Tumbit Dayak, in Teluk Bayur, District of Berau, East Kalimantan, with covering areas of 2.000 hectares and 1.612 hectares. It also provides mining consultancy services; and engages in coal trading activities. The company was formerly known as PT Cipendawa Tbk and changed its name to PT Indo Setu Bara Resources Tbk in January 2011. The company was founded in 1970 and is based in Jakarta, Indonesia. PT Indo Setu Bara Resources Tbk is a subsidiary of Indo Setubara Limited.

[bones30] 25/8/2015 13:33

I was wondering that. I thought any offer would need to be voted on by all shareholders?

I suppose he could advise the main shareholders on what the asset he deems is worth, therefore what an acceptable offer would look like, having background in power?

Interesting also that he's on the board of:
PT Indo Setu Bara Resources Tbk

[pembury] 25/8/2015 13:32

Possible bones. Major holders would have to be on the bod to hear about possible offers?

[debbiegee] 25/8/2015 13:29

Yes I have optimistic thoughts too !

[bones30] 25/8/2015 13:26

Hari Kiran Vadlamani is a serial and social entrepreneur based in Singapore. He was a co founder of KSK Power Venturs Plc and founder of Velocity Energy Ventures Ltd. Having exited from both these ventures, he is now involved in Hospitality, Education & Venture investments.He has also founded Creative India to preserve and promote Indian Art & Culture globally.

[bones30] 25/8/2015 13:25

I wonder if its to do with corporate governance, when it comes to what level to accept a settlement offer perhaps?

... bit optimistic I know!

[daddy warbucks] 25/8/2015 13:24

Maybe he has contacts in the Indian commodity firms, so we can invest some of our settlement money there.

[moreforus] 25/8/2015 13:24

what about a lady on board?

[debbiegee] 25/8/2015 13:23

bones our major shareholders all have a man on board now, I would assume to protect their interests ?
Indeed if there are negotiations going on or lawyer meetings as a major shareholder I would like a man on the board !

[keeptoyourown] 25/8/2015 13:18

Should be 40p on this news alone.
I see Churchill as a win win win long term situation.

[bones30] 25/8/2015 13:15

Interesting. Why boost the board at this point I wonder?

[debbiegee] 25/8/2015 13:13

So another of our major holders has a man on board.
I see that as positive