Gulf Keystone Petroleum Share Discussion Threads

[ccr1958] 10/12/2016 13:50

That depraved nappy changing coward, hearts1 has followed me over to copl ,he never knows when to give it a rest !!

[nestoframpers] 10/12/2016 13:37

3:00
Tough at the top

broadford bayInteractive Investor client 1 UP

The following is an interpretation of certain matters and represents my opinion - it is not an assertion of wrongdoing.

Directors not buying shares.

CEOs of GKP have always maintained that he/they and other directors would buy shares when the Close Period restrictions no longer apply; many of us have tried to understand what sort of „knowledge of impending events“ or whatever could be behind this apparent lack of interest.

The amended GKP Company Byelaws (#168 - #168.3 and subsequent) might have some relevance re this issue („if you don’t tell us, you cannot vote“).

The FCA Disclosure Guidance & Transparency Rulebook, however, has quite another take on it (Section 5 Vote Holder & Issuer Notification Rules) – but one that essentially focuses more on the trigger thresholds, which start at 3%, and the ensuing obligation to inform other market participants.

It is incumbent upon the company officers that they recognize and act on becoming aware of holders who cross any relevant threshold. That acting must include contacting the holder to make him aware of his obligations (to inform the proper monitoring authorities) and also to inform other company shareholders / market participants by issuing a public notification (RNS).

If the directors became or had become aware of a substantial interest held via nominee accounts (presumably to ensure non-triggering of the 3% disclosure threshold) then this knowledge would in itself become “insider knowledge” – and therefore justification for pleading any inability to buy shares due to Close Period restrictions. That substantial interest could theoretically be by another company (such as XOM, please don’t laugh!) or by an official entity such as the KRG-MNR, or indeed by other regional personalities who abhor light being shone into dark corners.

It therefore seems to me to be to be a very plausible and logical explanation for the lack of director buying; your very powerful (aggregated) holder says “don’t tell the market”, so you don’t. Your internal legal advisor says “don’t trade, as any whistle-blower will then be able to nail you for insider trading…”;.

Of course, were that to be the case, any internal legal advisor and indeed all directors privy to such knowledge might also be liable to prosecution as he/she/they all have stringent transparency obligations which cannot be disregarded.

It’s tough at the top isn't it...still, every little VCP helps.

[joseki] 10/12/2016 13:12

The answers were in the Muppets Munch

[oilman63] 10/12/2016 12:52

Good Afternoon Joseki 😃

I cannot believe how thick and stupid some of the Bob sheep are.

2+2 will always equal 10 in their delusional world hence why they ALWAYS get it wrong.

I have some dates for the diary early next year and it's going to kill Bob the fact he won't be able to attend.

Did I show you that letter I got ???

I don't think it was the same as the one Bob got 😀 But let's not upset the flock at Xmas.

I'll be in London in the coming days attending a bit of a do. I wonder if any of teambob would like to join us ???

[joseki] 10/12/2016 12:15

The answers were in the Muppets Munch

[ccr1958] 10/12/2016 11:54

morning poco :)

[pocopicu] 10/12/2016 11:02

Oh where are my manners?Good morning genuines :-)

[joseki] 10/12/2016 10:20

The answers were in the Muppets Munch

[lardner23] 10/12/2016 09:20

Phillis is right. If the larger shareholders were disgruntled about not being consulted about any of the resolutions, they had the opportunity to vote against. Looks like some of them did. But the majority voted in favour, which suggests they were consulted or didn't care sufficiently.

Did they say 'shareholders' were consulted, when in fact they meant 'stakeholders'?

[che sinonion] 10/12/2016 08:46

Excuse me Mr Hearts sahhr, can I see your papers?

Just your 'Golden ticket 365' and your LTH-ID please.

[hearts1] 10/12/2016 08:29

Why is the Scottish pounce H7 posting as Lifeson?

[che sinonion] 10/12/2016 07:15

Scrutari? Have they hired an Italian football manager to run shaikan?

[oliver666] 10/12/2016 02:36

Lets see how the GKP board and advisor's react to scrutari

AGM's are staged managed and that's life, and it suits some. No retractions have ever been printed on boardroom games and advising against arbitration and certain facts stack up.

063, you mentioned a kurd who was told to pay £25000 for a article he wrote, after looking it is on that site, so muppets threats never achieved anything.

Some people don't need a AGM to speak to a MP , there are channels for that and routes for that.

[biggerthus] 10/12/2016 00:51

oilcan, not sure the state of your pubic hair or manhood is relevant on here.

Please stick to PMs. Thanks.
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Oilman639 Dec '16 - 22:40 - 529179 of 529186 1 0
Re my earlier

Black and white has grey areas in the middle and a spade is not always a spade.

Pay attention to the detail.

[nestoframpers] 10/12/2016 00:31

Geert wilders

[nestoframpers] 10/12/2016 00:20

KurdishQuestion.com ‏@KurdishQuestion 2h2 hours ago
Only Solution is Kurds’ Right to Self Determination: David Phillips - #TwitterKurds

[nestoframpers] 10/12/2016 00:18

watch out on the Swedish underground

[rjcdc] 10/12/2016 00:02

Nor..SEE looks ready to move again.

Sadly, gulf isn't going to go anywhere but down, slowly.

[nestoframpers] 09/12/2016 23:59

The Int'l Spectator ‏@intlspectator 1h1 hour ago
UNITED STATES: Rex Tillerson, the chairman and CEO of Exxon, is now favourite to become next US Secretary of State

[felix60] 09/12/2016 22:46

I can see a right golden cross forming on this one

[nestoframpers] 09/12/2016 22:45

IT’S NOW TIME for us, as a nation, to come together and congratulate the winner of the 2016 presidential election: Goldman Sachs.

Many Donald Trump voters likely believed his victory would be a loss for Goldman. At the Republican convention, a man who seemed to take Trump’s twitter attacks on Goldman seriously screamed “Goldman Sachs!” at Ted Cruz’s banker wife as she fled the convention floor. Trump’s own final campaign video declared that he would do battle against the “global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth and put that money into the pockets of a handful of large corporations” — as personified on screen by Goldman Sachs CEO Lloyd Blankfein.

But that was then. As Anthony Scaramucci, a hedge fund manager and top adviser to Trump, as well as a former Goldman Sachs banker himself, put it Thursday: “I think the cabal against the bankers is over.”