Cloudified Share Discussion Threads

[jack1236] 27/3/2019 12:33

Just a summary with slightly more details.

[theorb] 27/3/2019 12:30

And what irks me is that our shares are suspended and the NEX account I opened especially to move my CHL shares to will continue charging me £40 a year for worthless shares I cant transfer, cancel, abandon etc. Dont know why this bothers me when I lost £0000's?
I suppose when we are declared bankrupt the shares are removed somehow?

[neo26] 27/3/2019 12:29

Cant translate on phone, what dies it say?

[neo26] 27/3/2019 12:21

If there is a miracle and another hearing takes place, noor will have to show up he is the governor of east kalimantan now.

[jack1236] 27/3/2019 12:18

The state might have 'total responsibility' rather then our Indonesian partner. Our Indonesian partners had genuine licenses prior to the forged licences; 'authorized forgeries'.

[jack1236] 27/3/2019 12:13

Andy

Agree, but that's why it's the key; what has he got to fear?

[jack1236] 27/3/2019 12:12

Yes, sorry Governor; rewarded when the KPK should be all over his corrupt dealings.

[andy] 27/3/2019 12:11

Jack,


He'll never testify, the ROI won't let that happen.

[neo26] 27/3/2019 12:06

WulberThey will go through all options available, thiscan take time.Likely scenario at moment is bust.

[jack1236] 27/3/2019 11:55

The key to this is to get Noor to testify (face to face) in front of arbitration panel / court as his he has been reluctant to do so.

As the Tribunal Hearing approached he was Regent, then he resigned, stating he was going to Australia, the Tribunal Hearing over, he's back as Regent.

[andy] 27/3/2019 11:23

I know people are anxious for DQ to announce the next step, but it may take some time, as he will have to sit down with CC, and almost certainly PALA, to review the options available to move forward from here, if indeed there are any.


Any further action will need funding of course, and they may have to do a proper analysis of the annulment decision before even looking to request money from potential funders, IMO.


I would suggest that could take a little time, weeks maybe, so we will probably have to wait patiently, we want a proper announcement, not a rush job under pressure from concerned shareholders.


Out of interest, how many here would participate in a placing or rights issue if one were to be offered?

[jnbrw] 27/3/2019 10:23

Yes, we have been right royally shafted multiple times by this worthy, illustrious collection of elite, impartial dignitaries.



And each time they have done it it has been amateurish, blatantly flawed and laughably shoddy.



Yea...let's just leave it...

[wulber] 27/3/2019 08:43

It is now a week since the RNS.I wonder what is going on behind closed doors?

[nico115] 27/3/2019 06:48

Haha What would we all have done without Stephen??Saved a fortune!!

[andy] 26/3/2019 23:27

Thailand,

LOL!

[thailand] 26/3/2019 23:10

I imagine that DQ is receiving some fairly intensive counselling from Stephen at this very moment. Let's hope that Stephen can work his magic, again, and give DQ the strength to fight on and show that legendary Churchillian spirit.

"We shall go on to the end. We shall fight in France (Paris), we shall fight on the seas and oceans, we shall fight with growing confidence and growing strength in the air, we shall defend our mine, whatever the cost may be. We shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender."

[neo26] 26/3/2019 23:09

Looks whoson the list. LolhtTps://twitter.com/icsid/status/1095411759500926977?s=19

[neo26] 26/3/2019 22:08

Anyone contacted DQ? Got a response?

[nick2412] 26/3/2019 17:32

A real absence of justice here.

The only analogy I can think of is of someone being accused of stealing from someones bank account. The accuser says it's too onerous to provide their own bank statements. The court then finds the defendant guilty simply because it chooses to trust the word of the accused. This is despite evidence that the accuser has accumulated wealth by unexplained means (Noor) and is self-confessed associated with a supposed fraudster (Putra).

Another analogy would be a third party noting that a working partner has won the lottery (the coal discovery) and then making highly dubious accusations to try and take the winnings away and, bizarrely, being successful in court.

It's not going to happen I assume, but I'd like to see Pala put up a reward (or pay for a couple of private detectives) to try and unearth some fo the things that mysteriously disappeared or ROI found too onerous to provide. Getting any of the following would reverse the decision:-

a) the log-book that, almost inevitably, would highlight that ROI personnel had authorised all licenses.

b) Police records that exonerated Ridlatama and showed the licenses were genuine. These probably show that key documents in the regency highlight that key personnel had validated the licenses.

c) Other licenses in the regency (or neighbouring regencies) that were not hand signed. Just as over-lapping licences were common place I suspect this was a routine method of signing. Quite possibly as a ruse to accuse a successful overseas investor of fraud in the event of successful discoveries.

d) Documents that show the source of income for Noor's private jet ... rich political friend)s) with an interest in the coal resource?

It's shocking that no adverse inferences were made with regard to the failure to supply essential case changing documents. Forgery was found on the basis of the word of the Regent (a gentleman recovering from a stroke who couldn't remember the dates he was in office) and a couple of associates.... as if they were going to say anything else.

CHL asked for key documents that would have proven the innocence of Ridlatama and by implication shown that they had done due diligence. The fact that ICSID let ROI get away with the failure to supply case determining documents and found against CHL in their absence means ICSID should be brought to account themselves.

A truly shocking state of affairs that shames the international arbitration system.

We will see if CHL go for revision. I suppose it is unlikely but we will know soon. Unearthing any one of the above documents changes the case and, in that case there is nothing the highly dubious and (at best) incompetent ICSID could do about it. To get a stay of costs and revision means that CHL need to make their move and provide a new compelling fact soon.