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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cloudified Holdings Limited | LSE:CHL | London | Ordinary Share | VGG3338A1158 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.25 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Services, Nec | 3.79M | -2.55M | -0.4844 | -0.05 | 118.45k |
Date | Subject | Author | Discuss |
---|---|---|---|
31/8/2016 19:33 | CHL and ROI were asked by the Tribunal to consider this issue. CHL emphasise that there was no forgery by themselves or their partners, Ridlatama. Nonetheless they addressed the point as requested and made a series of detailed arguments why the case would continue with a valid claim. You would need to read the detail in the protocols as, unlike rossannan, I don't believe anyone without a legal background can assess the merits or otherwise on the complex points CHL's lawyers make on estoppel etc. | masarap | |
31/8/2016 19:29 | Losing this phase would be a major blowChl = 0p | patviera | |
31/8/2016 19:24 | Wilfy Read the past RNs's, whether chl win or lose the tribunal does not end here. The case continues to merit phase. If we win then expect nice payment from roi at the end, if we don't then it may be considerably less, but certainly more than current MKT cap, we will challenge with estoppel .. | neo26 | |
31/8/2016 19:23 | Sorry - I was short-cutting a step - if the licences were forged then my understand is that our claim is dead though I may be wrong - it was years ago I first invested here and I haven't refreshed my memory recently. | wilfy75 | |
31/8/2016 19:21 | Wilfy - if ROI lose on this authenticity of documents decision then, in all probability they really have played and lost with their last card. In effect it means ROI can either capitulate and try and settle OOC or continue through the arbitration with the aim of minimising quantum. If they do that, however, CHL have intimated they will up their claim to over $2 billion. CHL can only do that if ROI dispute the current $1.3b plus interest. CHL have explained that the original valuation only took into account 30 years of mining, however, a valuable resource would remain after 30 years. For balance I should add that they might try and dredge up issues relating to alleged forestry breaches, however, it's on the record as the locals being supportive of CHL. ROI look to have a weak case on this issue. So, as you can see, this document phase is pivotal and if CHL win the stock looks highly de-risked. If CHL get the decision and ROI continue the battle then CHL will look to raise $3 to $5m to take them to the end of the process. That would mean an issue of about 5 or 6 million shares as almost certainly CHL would be trading above 50p and might spike much higher than that. September is set to be an interesting month! | masarap | |
31/8/2016 19:21 | wilfy - you are missing the whole point - I suggest, to help your understanding of what is going on, have a read of the information available and then ask some questions if you have any. | weegeordie | |
31/8/2016 19:12 | Wilfy," whether or not to dismiss chl claim in its entirety, is the outcome in sept". factually incorrect. | stephen1946 | |
31/8/2016 18:44 | Many thanks stephen - presumably if our claim is dismissed that that's rather a bad development and if it is not then the process continues in the way that BIT arbitrations tend to. Would you mind clarifying - what am I missing? | wilfy75 | |
31/8/2016 18:23 | Wilfy75, read the headers, you are missing the point of why we are here, and what happens next, with or without favourable forgery outcome. | stephen1946 | |
31/8/2016 18:17 | wilfy - no, it is the decision on the ROI's allegation that the licences were forged. | weegeordie | |
31/8/2016 18:07 | Am I missing something here? All that is expected (not promised) in September is the tribunal's decision on whether or not to dismiss our claim in its entirety. Whilst obviously it would be good news if they do not dismiss our claim it doesn't finally determine the question - there can still be a full arbitration thereafter can't there? Clearly we can all hope that magical news will be provided but is there any rational explanation as to why that would happen alongside this finding? | wilfy75 | |
31/8/2016 17:43 | Well judgement time, anytime now. Last time for the jurisdiction verdict they suspended the stock for the day when it opened it went CRAZY. Sportsbilly The directors all hold their large holdings, so do the big institutions. I wont get worked up about 160k shares you talking about at an average of 26p its around £41k. That's not much in the grand scheme of things. | neo26 | |
31/8/2016 17:39 | Any rns of suspension will be completely neutral We will probably be in suspense all day or even worse all weekend ! | debbiegee | |
31/8/2016 17:32 | wulber (7788) I reckon you could take it if it was in the terms suggested by Stephen, which would basically mean a large payout.... :-) FWIW I would love to see such an RNS, but don't think we will. I expect to see the judgement in the next four weeks or so, but wouldn't care to predict exactly when. FC | flyingc | |
31/8/2016 17:17 | Blimey Stephen. I thought I was optimistic. Lol! | daddy warbucks | |
31/8/2016 16:42 | Don't think my heart could suffer another suspension after Oxus! | wulber | |
31/8/2016 16:35 | Daddy, The RNS you are hoping for is likely to read, imvho, as follows; RNS 16.46. "CHL and ROI are pleased to announce that agreement has been reached in relation to the misunderstanding regarding mining in the, East Kutai Regency. Full details will be announced at a later date, CHL Shares will be suspended from 08.00 of the day following this publication," We will see. | stephen1946 | |
31/8/2016 16:28 | HEHEHE thought you were joking but in 12 mins its the 1st in Singapore ! | debbiegee | |
31/8/2016 16:25 | A nice RNS after hours would be perfect. ;0) | daddy warbucks | |
31/8/2016 16:18 | Well as we draw to the end of the pre-September trading, hopefully the next month will be a good one for all CHL holders. At least we know there will be some news - good or bad is unknown, although we feel confident in CHL's case, such decisions do have a habit of surprising. Good luck all | sportbilly1976 | |
31/8/2016 16:14 | yes a shame ,wonder if it kirky going ? | debbiegee | |
31/8/2016 16:10 | repetitive 20k sells during today - 160k in total so far... | sportbilly1976 | |
31/8/2016 16:08 | Topped up with a buy of 11068 to round things up. | wulber |
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