https://www.docdroid.net/YqgELJa/okd-in-2004-european-commission-no-illegal-state-aid-report.pdf -1. (17) VOX Consult s.r.o., an auditing company, and Komerční banka a.s., a banking institution (hereinafter "first expert report"). In this report, dated 26 February 2004. 2. (19) Upon the request of the Czech authorities, a second expert report, dated 10 March 2004, was prepared by Komerční banka in cooperation with VOX Consult. Total value of the State's 45.88 % shareholding in OKD would thus be CZK 3.5 billion. 3. (20) On 23 March 2004, Penta Finance, a competitor, submitted an unsolicited competing offer of CZK 3.1 billion, which was, however, not taken into account (according to the Czech authorities, inter alia because the offer arrived only a couple of hours before the Czech Government was about to decide about the privatisation of OKD). Penta Finance's offer was based on a report prepared by P67, a company belonging to the same group as Penta Finance (hereinafter 'P67 valuation'), according to which the value of the 45.88 % stake in OKD stood at CZK 3.5 billion – CZK 3.9 billion. 4.(24) Following the intervention of the Competition Authority, further negotiations between the Czech authorities and Karbon Invest took place between May and September 2004. As a result of these further negotiations, Karbon Invest increased its bid for the second tranche (45.88 %) of OKD's shares to CZK 4.1 billion (approximately EUR 170 million4), corresponding to CZK 367.70 per share. This increase reflected the increase in the price for the freely traded shares of OKD and the development of hard coal prices. In parallel, a new offer submitted by Penta Finance on 7 June 2004 had amounted to CZK 4.0 billion. 5. (25) Finally, following the Czech Government Resolution of 15 September 2004, a share purchase agreement for CZK 4.1 billion was concluded on 16 September 2004 and the 45.88 % stake in OKD's shares was subsequently transferred to Karbon Invest. 6. On the last page it reads: 4. DECISION The European Commission finds accordingly that the sale by the Czech Republic of a minority shareholding of 45.88 % of OKD's shares to Karbon Invest did not contain any State aid elements within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union.!.
NO STATE AID FOUND!!!!!!!!!!!!!!!!!!!. I HAVE BIG PROBLEMS WITH THE THIEVERY OF OUR ASSETS OKD. When will the lies ever be stopped being told. OKD the truth and this is the correct information you need out in the media and courts. (2.12.2017 Update) OKD was making a profit in the long past years of 2003, 2004, when coking coal and thermal coal prices where both in the 40+ US Dollar range. I was correct about lucky OKD coal prices rising in Q2 2004, due to China!. Czech Courts, and Media I hope you ensure the truth will be told!!!. Euro Dollar Exchange Rate (EUR USD) - Historical Chart for 2003, 2004. Euro dollar was worth more than USD so OKD coal prices would have been lower.
http://www.macrotrends.net/2548/euro-dollar-exchange-rate-historical-chart THE FACTS ABOUT OKD MAKING PROFITS IN THE PAST YEARS 2003 and 2004. OKD profit taken from 2003 Annual Report for the period prior to 31st Dec 2003. -
https://postimg.cc/image/jojvc1h5d/ Taken from Page 24 of the 2004 OKD Annual Report from here:
http://www.okd.cz/cs/o-nas/vyrocni-zpravy OKD annual report quote “From the second quarter Q2 2004 Coal prices rise due to China!!!”. The truth has been confirmed. -
https://postimg.cc/image/4ftxyffsx/ https://postimg.cc/image/of33if8uz/ Coking coal prices 2004 massive increase in the spot market starts the year around 90 usd and peaks near a 150 usd a tonne. So how do you value OKD prior to the 28% coking coal increase on 1st April 2004. Or would you be bet, speculate on the spot market. Please remember these massive price increase where due to China having a super cycle in growth 10.1% in 2004!!!.
https://www.docdroid.net/WxJq70p/ubs-april-28-2006-commodity-connections-page-88-coking-coal-look-at-spot-market-not-year-long-contracts-jfy-2005-up120-percent.pdf -UBS April 28 2006 Commodity Connections Page 88 coking coal look at spot market. Note the year long contracts jfy 2005 up 120% percent https://postimg.cc/image/yb46i1z7f/ -BHP_Coking_coal_settles_10_February_2004. Coking coal up 28% starting 1st April 2004 until 30 March 2005.
https://postimg.cc/image/canu1fvyz/ 14 December 2004 2004_Coking_coal 57 USD a tonne on a year long contract. But you must look at spot market chart from early 2004 showing this was going to happen. 2005 JFY coking coal up 119% to $125 usd a tonne.
http://www.indexmundi.com/commodities/?commodity=coal-australian&months=180 - Australian Newcastle thermal coal 6300Kcal Monthly Price - US Dollars per Metric Ton Hold mouse cursor over chart for prices and scroll lower for thermal coal price chart in 2004. December 2003 thermal coal went from34usd -to 61.38usd a tonne inJuly 2004. That's over 80% increase in pricing in 7 month’s back in 2004. 1.
https://postimg.cc/image/8k4k7jonv/ -DES ARA EUROPE 6000Kcal thermal coal peak in 2004 close to 80usd a tonne. OKD valued at 4.1 billion or 9.8 billion CZK?. Depends if you speculate on coal spot markets???!!!. 2.
https://postimg.cc/image/g1drmi6ej/ 3. https://postimg.cc/image/ai6mrowvv/ https://www.macquarieresearch.com/rp/d/r/p/_MTAxMjIxMg?u=MjcwODU -Macquarie Commodities Research above chart taken from this report. To us Minority shareholder of New World resources. Thievery its very common in regards to OKD!. https://postimg.cc/image/6769h6q63/ - My own money was paid to save OKD NWR on the 23rd/ 24th September 2014!. 18497 Euro dollars was my own money and was never intended to be a donation to Lee Louda and then transferred to Prisko, Czech Government owned department or company. Shame on you!!. I am personally beyond disgusted and insulted about the thievery of my money and assets. I have many more letters I could and may release in regards to OKD and New World Resources. https://postimg.cc/image/k9k1bgu3v/ - 18 NOV 2017 Enough of the lies complaint letter sent to European Commission!. 22 Nov 2017 European Commission wants me to let Czech Courts handle the case in regards to OKD and stay true to the facts. I have complained to Prague Court below, before your reply. Note my previous complaint letter to the European Commission in regards to OKD included MiFID. So its valid "yes". https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-markets/securities-markets/investment-services-and-regulated-markets-markets-financial-instruments-directive-mifid_en 23 Nov 2017 I have sent a formal complaint to Prague 2 District Court in regards to what is written here about OKD. After many days and nights of intense thinking and great reluctance. I sent our petition names to the Czech Courts. I am sorry but I now agree with the European Commission. And I do personally fear for some of my Czech friends and any form of retribution. I wish, hope and pray that the District Court in Prague 2 will ensure something is done about getting prime justice served on Bakala!. And the reurn of OKD to communism where everything is a state asset STOPPED!. ( 26 Nov 2017 Ostrava insolvency Court okd complaint.) I have also sent both letters as evidence and complaint to Ostrava Court!. I do hope the Czech Courts ensure what is right and true is done. 29 Nov 2017 Update. A unedited copy of my email sent to New World Resources on the 5th May 2016 (Note email and many more emails were given to all Czech Courts to be used as Evidence) a few days after the AHG Group and alleged Citi-bank put a false Bankruptcy petition over OKD!. Read and learn the TRUTH about the situation at the time when OKD entered a false Bankruptcy done by alleged incompetent people!!!. https://postimg.cc/image/7eg4jthjl/ The European laws being broken in regards to OKD "Regulation (EU) No 596/2014 of the European Parliament". http://eur-lex.europa.eu/legal-content/en/LSU/?uri=CELEX%3A32014R0596 So when will the lies stop being told by so many people who should know better. Please we beg you to stop releasing the fabricated evidence, lies and purported documents. Do you think we are really that stupid. OKD is and has always made massive profits from Q3 2016!. And OKD is still lucky to be making massive profits dues to the current high coal prices even now in Nov 2017. Coking coal is now over 200usd and thermal at 93+ usd a tonne.
https://www.metalbulletin.com/Article/3768828/coking-coal/Premium-hard-coking-coal-cargo-trades-above-200-per-tonne-fob-Australia.html - 22 Nov 2017 Coking coal above $200usd a tonne.
https://www.barchart.com/futures/quotes/LU*0/all-futures -23 Nov 2017 Rotterdam Europe Thermal coal above 93usd a tonne. Please do be serious and show a little honesty. Lets start with who we all need to bring to justice. 1 Bakala in my opinion is an alleged Criminal. And a former director and an alleged shadow director of NWR/OKD. He was a very lucky man, but in my opinion also incompetent look he could have sold the coal stock pile and saved NWR/OKD and made a few more billion euro. (tunneling fraud, asset striping, loading NWR with massive amounts of debt (notes) and then transferring the money (dividends, special dividends) to Swiss bank accounts and investment companies like RPG Industries SE, paying excessive dividends over company allowed policy of 50%payout, excessive interest on banks loans, perhaps the biggest former OKD's 44,000+ appartments.
http://olser.cz/12291/okd-bakala-spidla-a-dalsi-zlodeji-ceska/ *Bretislav Olser I like your excellent work. . In regards to Bakala, especially about the alleged evil shonky criminal act he did to the 44,000+ Appartments, 103,000 human beings. I am promising to sign my true name to you if you start a future petition against Bakala. 2 .I feel AHG Group must get in trouble for the falsely issued bankruptcy petition and selling illegally Debiensko in Poland. Same again why didn't AHG Group sell the coal stock pile?. (AHG Group at least a shareholder since capital raising in 2014?) 3. All former directors, may also include some current employee's of NWR/OKD must also be investigated for the same alleged crimes equal and the same as Bakala. And why they refused to sell the company owned stockpile of coal going back to at least 2011?. 4 .Incompetence!. Beyond belief!. To many nameless people to list. Czech Government, Courts, Media, Lee Louda Administrator, OKD Creditors committee and supervisory board. Please do the right thing and lets not fight with each other. Bakala has stolen billions of Euro dollars from the Czech Republic(Not just OKD/NWR). He is our enemy and he must be brought to justice for his alleged crimes. The minority shareholders of New World Resources are asking you to help and together let's stop the man who has wronged and cheated and plundered us all !. This is the right thing to do!!. Czech Republic I believe in regards to OKD your statements in the media may be incorrect. Just look at the facts about global coal prices in 2004, rising at a phenomenal pace due to China's massive growth of GDP.(2003 -2007 China's GDP growth was between 10%-14.2% year!). But your maybe being controlled so please do not take it personally. Or am I making this claim against any one news outlet. This is my opinion and everything I have written is alleged.