Cloudified Share Discussion Threads

[neo26] 05/5/2016 21:35

But.... CHL paid ROI share of the payment so the forgery conclusion would still have gone forward.

Once the forgery case is out of the way like other have said its the merits of the case...

Lets see how the mm's play this...

[reesyheli] 05/5/2016 21:22

Revert

Sorry to burst everyones bubble here but surely the most plausible explanation is that the ISCID made it quite clear to the ROI if they don't divvy up the necessary pronto then they would not pursue the forgery case on their behalf

As it's pretty much the ROI's last roll of the dice they had little choice as losing that would have left them VERY exposed to a huge claim

I assume ISCID have other cases to consider so they will REVERT to considering the claim again mid June like in a queue...

By restarting the process ROI can consider some kind of acceptable settlement plus I suspect the world is waking up to this (Big up for Masarap) and some kind of settlemnt is more likely

[neo26] 05/5/2016 20:35

Not a t trader... I'll assure you that.Why can't roi negotiate without the clearing the default?

[masarap] 05/5/2016 19:33

neo, every company has an AGM once a year and the clue is with the 'A' standing for annual :-) CHL confirmed in the Dec presentation they won't want to raise cash until after the forgery decision by which time the share price will be substantially higher if CHL win as seems probable based on info available. ROI might make a decent offer then as well as they will have played their last card it seems.

DQ is pleased the decision is coming soon so clearly he has had guidance. An out of court settlement negotiation could not have happened whilst Indonesia were in default. Now they have coughed up that prospect is possible. It's clearly what ROI want albeit at a lower level than CHL would entertain.

Will ROI make a more realistic approach to settlement? Will neo take out another T10? Will his broker give him T20 which nearly takes him up to mid-June? All questions open to speculation :)

[neo26] 05/5/2016 18:52

with roi paying up their share, one can speculate that they will not negotiate early settlement at least till the forgery case concludes.

im expecting a placing very soon, thats the only reason for the agm i can assume, but the company shouldnt have any problems raising the money.

[bad robot] 05/5/2016 17:45

Beware people, this is a warning. You seen the spike down. Next time it could spike to 0.1p and then suspended. Believe me, they will lock online trading and it will go auction 4p-5p times till 0.1p

[bad robot] 05/5/2016 17:29

Does anyone believe me that 10p will be revisited shortly?

Placing coming too.

IN BR WE TRUST

[bad robot] 05/5/2016 17:13

The rat race to 0p is fully on.

IN BR WE TRUST

[coley15] 05/5/2016 17:12

BR - you want to pull yer pants up then lad

[bad robot] 05/5/2016 17:11

Hammond is going to take on the biggest mussie country in the world. LOL.

[debbiegee] 05/5/2016 17:11

revert to me is back to the original or plan A to hear the case for compensation

[bad robot] 05/5/2016 17:08

i have been laughing for last 4 hours.

IN BR WE TRUST

[ohisay] 05/5/2016 17:04

Have to say sounds to me that they're not going to publish a ruling on the forgery case until after summer hols ie September.
They're certainly taking their time probably because this part of the case is so crucial.

[debbiegee] 05/5/2016 16:49

You can read that many ways is the clue in the wording ?
If so its very cryptic !!!

We had started the case with of course a final ruling at the end ?
Indonesia then called for dismissal of the case if forgery could be proved ?
If it cant be proved we REVERT to the merits,hearing the case and the final ruling ?

[nicebut] 05/5/2016 16:34

`Revert`?? Does that mean come back with..?? Not long eh?

`The ICSID Tribunal has also advised that it has made good progress in its deliberations on Indonesia's Forgery Dismissal Application and will revert around mid-June with an indication of when its ruling will be issued.

Churchill has reserved all rights, including (but without limitation) as to costs.`

[debbiegee] 05/5/2016 16:21

yes I bet they got all the s/l in the system !

[neo26] 05/5/2016 16:20

sorry mid june,,,

mm's are having a field day, nothing wrong with this news.

[coley15] 05/5/2016 16:18

I can't see any reference from the RNS that indicates that the 'forgery case will be concluded by mid July'?

[debbiegee] 05/5/2016 16:17

Nothing is guaranteed and we are used to twists and turns that you could not dream up.
IMO just buy and hold what you can afford if you are happy with the odds and worst come to worst you could swallow the loss.
I am extemely happy with the odds and to me it will be life changing if we win and if not everything stays the same, well until I have another idea lol