Ergo is already funding the court case out of existing funds so those who are worried about money to fund the case needn't be. Ergo clearly had enough money in the bank to bankroll the case on behalf of PFNO already.
As for Ergo's floatation well that's where the fun will really start. They will just buy those extra 2bn OS then that will be it.
I think I read in one of yours, Grifter's or Superman's links to the prospectus that the Ergo floatation on GXG Markets will be raising about 100m Euros. If they were to buy 2bn OS at today's prices then they would only need $400,000! Then of course there will be the two subsidiary flotation's so they will clearly have enough money (and then some!) to pursue ING with and set the pace.
Then when the bonds are sorted out watch us fly. ING has shot itself in the foot by admitting that it has redeemed some of the FF series bonds, but apparently ours are fake.
Here's a simple thing that ING has to prove they have to account for all the bonds in the FF series - who they were issued to, redemption value, coupon interest, currency denomination etc etc. I'll guess that they can account for all of the bonds and will state they are all genuine apart from those with the serial numbers that Sidney is holding. Isn't that such a serious inconsistency. I can see a judge looking over his glasses at ING's lawyers those if to say - You really expect me to believe these bonds are fake when every other one in the series is genuine and you've even redeemed bonds in this series!
Strange coincidence that. ING by its stalling tactics is heading to be bankrupted. If a judge discovers something like the above scenario or has suspicions to suspect that is the case, he will involve the regulatory authorities to go through ING's internal records.
If ING had any sense, they'd quietly raise the funds on the money markets to make an out of court settlement. Easy enough to go to a judge and get the case nulled if both parties go to the judge and say we've agreed a settlement.
As for Ergo's floatation well that's where the fun will really start. They will just buy those extra 2bn OS then that will be it.
I think I read in one of yours, Grifter's or Superman's links to the prospectus that the Ergo floatation on GXG Markets will be raising about 100m Euros. If they were to buy 2bn OS at today's prices then they would only need $400,000! Then of course there will be the two subsidiary flotation's so they will clearly have enough money (and then some!) to pursue ING with and set the pace.
Then when the bonds are sorted out watch us fly. ING has shot itself in the foot by admitting that it has redeemed some of the FF series bonds, but apparently ours are fake.
Here's a simple thing that ING has to prove they have to account for all the bonds in the FF series - who they were issued to, redemption value, coupon interest, currency denomination etc etc. I'll guess that they can account for all of the bonds and will state they are all genuine apart from those with the serial numbers that Sidney is holding. Isn't that such a serious inconsistency. I can see a judge looking over his glasses at ING's lawyers those if to say - You really expect me to believe these bonds are fake when every other one in the series is genuine and you've even redeemed bonds in this series!
Strange coincidence that. ING by its stalling tactics is heading to be bankrupted. If a judge discovers something like the above scenario or has suspicions to suspect that is the case, he will involve the regulatory authorities to go through ING's internal records.
If ING had any sense, they'd quietly raise the funds on the money markets to make an out of court settlement. Easy enough to go to a judge and get the case nulled if both parties go to the judge and say we've agreed a settlement.
