What FHL shareholders can do
July 7, 2009
I must say that when the FHL/BP Oil deal officially goes belly up and shareholders loose the value of their shares with the loss of capital in FHL then the Solicitors who drew up the financing agreements must be sued that is what they have professional indemnity insurance for.
We have to understand that the legal advisors are the people that should have warned the Board of the impact of their decisions and should have protected their clients money from being lost with such an idiotic non refundable deposit condition for such a large percentage of the FHL Capital.
Why are the provincial councils and indigenous shareholders still holding on to their shares?
Shareholders must sell immediately and mitigate our losses now because the situation will only get worse by the day and court action will not solve anything especially with the Military government controlling that area and even if we do manage to file how long will we wait for a decision and appeals etc?
That will take around 3 to 5 years in best case scenario.
There are only two steps to be taken now.
First get a Mareva Injunction and Freeze FHL Assets until final determination.
Second sell all shares in FHL before it is too late.
Dont worry the illegal government will steal the money from somewhere else to buy us out anyway but at least we will have our money back now.
