FHL NOT getting its non-refundable deposit as claimed by Sereana Qoro

FHL military appointed CEO, the incompetent, deceitful Sereana Qoro, has proven to be a mother of lies.
Her contagious lies have infiltrated the whole of FHL, BP South West Pacific, FHL public shareholders, Frank’s regime that trusted her incompetency, the South Pacific Stock Exchange and Fiji’s Capital Market Development Authority.
In her latest statement, she has claimed that FHL has pulled out of the BP SWP acquisition deal – a devious lie that is way off the truth.
The truth is this – BP SWP could no longer accept FHL’s requests to extend their settlement date without paying further penalties, or in this case, more non-refundable deposit at $5million per extension request. BP also arrived at the conclusion that FHL could not raise the required funds to buy them out. In other words, BP told FHL, “enough is enough”.
Now, the most disturbing element of Sereana Qoro’s stock exchange statement, which even the FHL board members claim was prepared and sent to the Stock Exchange without their approval, is the claim by her that BP SWP will refund 100% of the deposit paid amounting to more than $25million.
This lady is obvioulsy in lah lah land and is making up fairy tale stories to suit her mismanagement behavior!
No right thinking entity, and a globally established one like BP Oil, will ever want to enter into a sale and purchase agreement so loose with no penalty clause to protect it from fly-by-night buyers like Sereana Qoro and her doomed FHL.
A good 7 months have passed since December 2008 when FHL and BP signed their S&P Agreement. FHL was given 90 days to show the color of their money but now, we’ve learnt it was other peoples money they were betting on which funders were reluctant to lend because of FHL’s board and management very low credibility rating.
Anyway, BP had foregone the opportunity to close the deal with a more financially able second bidder in Total, who placed a bid of $110million compared to the $190million by FHL.
This is big bucks we talking about and the question we wanna raise with Qoro is, who will pay BP for the opportunity cost foregone caused by FHL’s stuff up?
There is a cost to everything and stupid mistakes are usually the most costly ones.
Surely, it’s not gonna be BP ……. but FHL for their buy-out bluff.
So who’se lying?
Sereana Qoro …. again!
Someone has to pay the price for this big blunder and Sereana Qoro is the likeliest candidate!