Making YOU Money 09/02/2019

Drift upwards continues.

Personally
Rurelec
Black Sea Property
Equatorial Palm Oil
Are the only three of Interest .
All seem vastly undervalued ...............


Happy days ahead one assumes .

         bbr391

REx Bionics in the UK

MS Clinical Trial starting at East Kent

Rex Bionics is the pioneer of the REX^® robotic rehabilitation device that provides standing, 

walking and exercise 

support for people with lower limb weakness or paralysis; and is used by people who have suffered 

a spinal cord injury, stroke, traumatic brain injury or other neurological condition such as multiple sclerosis.

Rex Bionics has worked with physiotherapists to develop the practice of Robot-Assisted Physiotherapy, 

also known as REXERCISES. In a REXERCISE session, REX lifts patients from a sitting position into a

 robot-supported standing position, allowing them to take part in a set of supported walking and

 stretching exercises and core and upper body strengthening and conditioning exercises, designed by

 specialist physiotherapists.

Rex Bionics is pleased to announce the commencement of the RAPPER IV Clinical trial at 

East Kent Hospitals University. RAPPER IV is a feasibility trial designed to evaluate a balance

 rehabilitation program enabled by REX in patients with Multiple Sclerosis. This trial follows on from the

 successful RAPPER III trial.

Participants, partners and spouses will also be invited to take part in a qualitative study to gain further

 insight into their experience of using the REX in neuro-rehabilitation.

The trial will take place at Kent & Canterbury Hospital over a period of 7 weekends from February 2019

 onwards.

The trial is being led by Dr Mohamed Sakel FRCP (UK) Chief Investigator, Director and Consultant

 Physician in Neuro-rehabilitation. Dr Sakel says “I am excited to be following up on the promising work

 done previously to see how a robotic exoskeleton can help in rehabilitation for people with MS.”. 

Dr Sakel acknowledges the moral support and encouragement received from the local charity MS Therapy

 Centre of Canterbury, UK.

Rex Bionics Chief Executive, Dr Charles Carignan says “REX offers assistance to a wide range of 

patients in rehabilitation clinics and we are very happy to be working once again with Dr Sakel’s team at

 East Kent and his MS patients.”

For further details on the study please contact Dr Mohamed Sakel msakel@nhs.net.

For more information on Rex Bionics please contact Tracey White, General Manager 

tracey.white@rexbionics.com

Reflection & Refraction 31/01/2019

 As the market steadies for It`s continuation of the bull run .
Fund depletion have narrowed us back down to two main shares on the Aim market .

They are Rurelec 2K & Equatorial Palm Oil 1K .
The others off grid remain in the wing .

Love remains the reason to keep an Interest .

Best of All , bbr391

Have the States lost their Balls ?

The case of the day is Hardy Exploration & Production (India), Inc. v. Government of India(D.D.C. 2018). It’s a rare example of a US court refusing to confirm an international arbitral award on the grounds that it violates US public policy.

Hardy had a contract with the Indian government to search for and extract hydrocarbons in the waters off India’s southeastern coast. If it found oil, it would have two years under the contract to determine if the find was commercially viable; but if it found gas, it would have five years. Hardy found hydrocarbons and claimed it had five years to make its determination, but the Indian government disagreed, claiming that Hardy only had two years. When two years had passed, the government declared that Hardy’s rights had expired. Hardy was never allowed back into the area. It demanded arbitration. The tribunal, seated in Kuala Lumpur, issued an award in Hardy’s favor requiring specific performance of the contract (i.e., requiring India to allow Hardy back into the site to continue its activities) and awarding interest.

Hardy sought to confirm the award in New York. India, meanwhile, had sought to set aside the award in its own courts, and those proceedings were still pending. India therefore sought a stay. The judge decided that a stay was inappropriate under the Europcar factors, and expressly refused to decide whether a stay was permissible at all under the New York Convention. This is a little surprising to me. The details of the arguments don’t appear in the decision (and I haven’t read the briefs), but I would have thought that only the Malaysian courts would have jurisdiction to set aside the award, and thus that it would be improper to stay confirmation proceedings in light of pending vacatur proceedings elsewhere.

There were two main lines of argument for Hardy. First, it could point to cases confirming awards that called for specific performance when the contract was to be performed extraterritorially. But these precedents don’t really get at the heart of the issue, which is comity and the respect of the interests of the foreign sovereign, because they involved private firms rather than states. Hardy’s better argument was to point to judgements in US lawsuits (as distinguished from US judgements confirming arbitral awards) in which courts have ordered foreign sovereigns to do some act. It noted the Chabad case, in which the court ordered the Russian government to turn over archival material and artifacts, and the NML Capital case, in which the court ordered the Argentine government not to make payments on its new bonds unless it made payments on its old, defaulted bonds. But the judge concluded that neither case was persuasive here. In Chabad, the judge noted the United States’s statement of interest, filed after the judgement, in which the government took the position that a specific performance order concerning a foreign sovereign’s property outside the United States was beyond the scope of the court’s jurisdiction (which seems correct), and in NML, the judgement was much less intrusive than the award here: it concerned the payment of money, while here the award has to do with control of the foreign state’s territory. Finding the comity concerns to have great weight, the court held that confirmation of the award would violate US public policy—a rare outcome indeed!

The decision seems likely correct to me, especially in light of the limitations in the FSIA on both jurisdiction to decide and jurisdiction to execute, which give us a sense of how the US balances the comity scales (though of course there is no real FSIA issue in this case). One thing that I don’t see in the decision but that I think could have real importance is the particulars of the agreement to arbitrate, the rules under which the arbitration was conducted, or the law of the arbitration. I put these in what I think are descending order of weight. If India had expressly agreed, in this case, that the tribunal should have the power to grant specific performance, then presumably that would overcome the point the judge made. You could make the same point if the parties agreed to rules that expressly gave the tribunal the power to order specific performance, though it would, I think carry less weight. And you can make the same point in an even more attenuated way if you point out that the parties chose to arbitrate in a place whose law authorizes tribunals to award specific performance.

   Ted Folkman 

Thankyou For this Interesting read .

US & UK backing for these small companies over the last few years has been poor to downright negligent .

Hardy ,Stans & Oxus to name But a few , have been poorly treated by the legal community .

2019 . Where are my 20g Spearmint Smint Sellers ?

Smint is looking to expand on its leading position in the UK power mint market by launching a new spearmint variant. The new Spearmint flavour is designed to complement sales of Smint Mint which continues to perform well in impulse and convenience sectors. Research has shown that the new Spearmint flavour will appeal to a wide demographic with both Male and Female consumers enjoying the new Spearmint taste.

To celebrate the launch, the Smint range will benefit from a full packaging redesign which highlights the freshness qualities of Smint.

The new product is aimed at men and women between 16 – 34 years old and will be supported by an outdoor advertising campaign in major train stations and commuter areas this year.

Aimee Reason, Smint Brand Manager, comments “Spearmint and peppermint are the two best selling mint flavours across the board in the UK Mint market. Adding a spearmint variant alongside mint is a natural next step for the brand. We have refreshed the packaging to show a clear association with ‘Freshness’, the main driver when purchasing a power mint.

Did you know?

The Smint brand is 11 years old and is the best performing power mint in the UK

Product: Smint Spearmint

RSP: £1.05

Weight: 8g

Launch date: May 2010

Stockist number: 01753 442 100

----------------------------------------------------------------------------------

2010 was a long time ago . 

Now priced at a higher price . Still the search for the 20g spearmint mint sales team goes on .

Even the BP Connect team seem to have lost heart in finding these erstwhile mint sellers .

One hopes they can be reconnoitred before the famine is complete .

Any Ideas accepted ....................

Sorbic International plc CEO John Mc Lean

UPDATE 17th DECEMBER 2018

In late November, I visited Inner Mongolia (IM) and met with the Party Secretary in Wulanchabu. He informed me that Wang signed a compensation agreement on 9th November 2017 for 53.55m rmb of which:

• 13.24m rmb was paid by the government to settle local claims, with the balance to be paid in cash to LVST.
• IM Government promised to pay 10m by 15 Nov 2017 (it was paid).
• The remaining amount was due to be paid (30m rmb) by Feb 15th 2018.
• This amount was not paid by IM as there were claims from a court in Linyi.

Additionally 

• From what we were told in IM, the Linyi court has accepted claims for about 50m rmb; on top of this, we are aware from the Control Risks report that there is a registered bank charge (against the land) of 16m rmb, however this has not been called as the loan is still current.
• To these amounts should be added employee claims (say 10m rmb) and Sorbic’s debt of say 36m rmb (including interest).
• The LVST land in Linyi has an estimated value of between 40-80m rmb

Therefore the estimated assets are:

RMB m

IM:	30
Linyi Land	60
Total assets	90

Less Liabilities:

LinStaff	10
Total	90

To prove our debt (Wang’s debt is guaranteed by LVST and Sorbic called the guarantee in May 2018), we have lodged a claim with CEITAC which is due to be heard in late January. Additionally, to help matters, the IM authorities have agreed to freeze any actions/payments until Sorbic’s position is clarified.

The recovery % to Sorbic will be wholly dependent on the success of our arbitration claim and the success of Sorbic’s inclusion in the realisations of the assets of IM and LVST.

John McLean
Chairman
17th December 2018

Mr McLean `s efforts thus far have been dire , and all Chinese companies bar none have been very, very costly .

Come on Mc Lean , let`s live up to your name and provide at least some of your old shareholders with a return of their cash .

              bbr391

Just for the record . Our London accountants estimated £11 million cash due from Our Assets ...

Construction workers wages 2019

Yes , It`s a very annoying point that apart from Managers ( Including the CEO ) .
Construction workers wages have been in a slow decline throughout my lifeline .
This and other factors explain why Our pensions are poor .

Best of All

New Year Dawning 2019

We hit the new year with a new target of smaller proport post |Christmas spending of 15K .

Rurelec         3K
BSP              3K
Hardy Oil     2K
Utilitywise    1K
Others           1K


  The best laid plans etc .
As for being right and having self-doubt one supposes these are good things .
 Friends BUY GOLD .............................
Although expect rises to be sporadic and steady ,now almost $1300 .

 Great news from Rurelec was a good Christmas Bonus and now long term our profits look a lot more likely .

 Barclays seems to have bounced just above rock bottom and should be a reasonable share at £1.50 level for the next few years .


    Happy New Year All ,

      Akwasi , Michael, Mr Icognito & Yiangos ,


        May the next year be full of delights & Polites .

Incumberences

Are beginning to affect our portfolio values .
Targets have fallen by the wayside . As Christmas spending improves moral .

That said BSP
                UTW
                RUR
                HDY


Remain Our main Interests .
 Looks like we head towards the level predicted .It`s been a reasonable year . Thus far , more to come next bbr391.


        Best of All

Making YOU Money 08/12/2018

   BSP                 3K
   Rurelec            3K
   Hardy Oil        3K
   Infra In            1K
   PFP                  1K


   Although we have become a little more defensive earlier this month .  The portfolio tends to follow market actions  .  Plus of course expense of Christmas tide will send more cash & shares into the ether .
  Personally I expect the market to hit S&P 2300 , which will scare quite  a few being 25%  or so from Our , not to long ago heights .
  Barclays one hopes will hopefully bounce off the $1.40 per share . This has been quite an eclectic month or so for Barclays holders .
  bbr391

Making YOU Money 24/11/2018 .

   BSP                 3K
   Rurelec            2K
   Hardy Oil        2K
   LNGA             2K
   Infra In            1K
   PFP                  1K
   Flybe               1K


   Another personally challenging week , ends with just a little more backwards movement in the portfolio . Life expenses play a part in the stock dealers gambit .
  The quiet at Rurelec remains a disappointment . But < Hardy seems to be Itching to move . Time will tell If we were correct . Let`s hope others we have Our eyes on , don`t set fire whilst we wait .
  The expected drop is still with us soon , be prepared for the 25% . Back to 2103 S&P
   Cousin Pseudonym will be proud that we have flown into Flybe , at present it seems that a good offer is sur la tableau . Let`s hope the BOD can write It into English without delay .
   Have a great week All , bbr391


EMPIRE RESORTS INC ///////// CHEAP @ $20

If only .................
 





 

Tom Hardy week

   GSH                3K
   BSP                 3K
   Rurelec            2K
   Hardy Oil        2K
   Infra In            1K
   PFP                  1K
   Mubl                1K


A tough week for some of Our shares especially the drop in Tomco , & new Investment in Hardy  Which alike Rurelec , owns too large a spread , not to wait for large news in  India Gas Terms .
Sometimes share dealing is tough and this week has been one of those times.

Tomco at 5p or 4p is now well worthy of a good Investment .The outcome remains reasonably binary as we wait for Acceleware or Prosper to employ RF Oil
The new catch of Hardy Oil we have been aware of for some time , ie two years and this week has been the first sign of a turnaround in fortune , in what was once a mid size oiler . Only for the brave at the minute though .

Happy trading All