There will be "NO" confideniality argeements signed with discovery in these suits. Talk about "Plowing" time for current shareholder suits. Here it comes the IPO investment banks that brought this IPO will also be in "OUR SUIT" and the NYSE has some resPonsibility on this chinese like IPO based in their I can't do anything about it their in China backyard of Deleware. I guess it's time to backup your excuse!
Before they gave us this board we started posting on the Forrest board.I just left a little something for our 110% instituional Forrest shareholders for their AM enjoyment .Let's see their reaction tomorrow. 80% of LPR was spun off to the institutional share holders who wasted no time seling to innocent retail investors going off the numbers and statements of Lone Pine.
I can't freaking wait for discovery, to finally know who these elusive protected bond holder's who the private bond offering of LPR was sold. Also who the present current shareholders are, I believe the majority of the LPR stock is now concentrated amongest the co-conspirators. What they thought was insurance will now only serve to tighten the noose around the conspirators necks!
Here comes the match boy's. The #$%$'s will be going to jail their banker's have turned on them. They see the wrting on the wall and are looking to play victimized, that they were duped into bringing a "FRAUD" IPO to market.To that, I say my azs, I know for a "FACT" that LPR stock was being manipulated by the "Backroom", I had a little run in with them when attemting to buy large blocks. I also immediately posted to document the event in case it ever came up. Documentation ,documentation,documentation and a courtroom!!
So the monitor estimates are immediately "PROVEN" wrong! This is just so obscene miscarriage of justice, Just read the document,it is just a outragous. Then read the Dentons argument, and within a few hours this "rubber stamp" job..
I'm sure Judge Shannon will read Dentons arguments. I truely believe if he also see's the 3.5Mil Monitor value estimate and a 7.5 Mil sale along with the timing. Remember they are on record that no asset has recieved even a reasonable offer to consider.I 'm counting on his valuing his reputation before signing off on this sure to be apealed to the end litigation. He won't rubber stamp his reputation, with sure scrutny all the way down the judical line.
Let me tell you about a term that everyone in the oil and gas business know's but sum how missed by this "Experienced" group, it's called care and maintainence,.When prices fell in 98-99 wells in Texas-Oklahoma -California -Lousiania the switch was turned off. When prices went back up they turn the pump's back on. The company's from the swamps of the Louisiana Texas border to the Permian Basin to the Califonria coastal well's to the Lost Hills Fields to Tulsa they know the basic's of the business.
That corruption has become so rampent! The terms are just absurd with all point's from Dentons "TOTALLY" ignored! There is no way the judge didn't already have their mind made up before the hearing. Not enough time to weigh the point's brought before the court. Rule of law is no more, it will not be the working "PEASANTS" who will be hanging from the lamp posts! The best I was hoping for was denial and liquidation of assets. Let's get this over with and bring it south for the real legal action to begin! The best case for the thieves was to dilute the heckout of us. Now their heads will be on the legal block, Either the "fix" is in or they are just to stupid to believe In Calgary I expected this, now we will see if rule of law is still intact in the US.
What I have read of Judge Shannon he has signed off on what the Canadian Court does but explicidly left the company officers open to civil and criminal prosecution. I also do not know how he will react to shareholders beig dissolved.
The SEC has stated that could not help investors in Chinese IPO scams because the fraudsters were in China. Let's just see what the SEC say's about this U.S. incorporated fraud, with the Senators and Conrgressmans offices caling one after one. Again, after the gavel fall's and we are disolved call these offices "to file a complant" 2014 is major election year and the climate for Wall Street fraud has certainly changed lately. For the first time shareholder's might be a step ahead!
Shareholder's paid 10 MIL. for asset review we never got to see! If these number's are accepted by the court, the asset number's become "FACT" for the "FIRST" time instead of fraudulant number's presented in the prospectus and by managment. When it was filed as a Canadian case in Calgary the radar went up again like when they fired the CEO and CFO earlier. I can't get over what is in the document for terms, complete legal immunity for all managment and director's and the unsecured get stock that can't be liquadated on any exchange "aka" won't be listed. Thank God, one of my criteria is to invest in U.S. chartered company's only. When the gavel hits in Calgary and the class action is filed in the "U.S." sahreholders will be knee deep to sign on! The first class action of fraud brought against this spinout exposed that there was fraud from the start of this spinoff!