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My broker has moved my GPX holdings to my dealing account as they do not fit the rules for holding in an ISA.
The silence is deafening !! I was at least expecting an update by the BoD by now.
Where is this going and are sanctions likely to be relaxed in Syria !!
What are you expecting on Wednesday ?
FT.com ‘American entrepreneurs wade into murky Syrian oil business’ Lots of / (massive) value in GPX and shares a STRONG HOLD. GLA.
Hello stephens, yep I'm the same. Just doing nothing. 4p per share is rubbish. I'm holding as I'm down so much on this share that even if it all goes there is not much left to lose. I would have thought that a takeover of GPX means that we end up with shares in the takeover company, no?
I have voted against the offer (do nothing) as I feel it is very derisory. Updates and comments on the situation appear to be very thin on the ground. Any one got anything to add ??
from memory:
1/ Trump sanctions (Aug.2020) john p.dorrier (ex gulfsands) Delta Crescent Energy, access to 'our' acreage area from the kurdish east via the SDF.
2/Kroupeev knows these assets (thoroughly as john dorrier) profiting £138m previous from them 2009. Kroupeev/Griffiths get 'squeaky bum' about losing/control of assets concoct 4p takeover.
3/'independent'(LOL) directors 'shut up' with 30m options (+annual remuneration) going forward. 4/annual EU/Syria 'force majeure' updates June? 5/world class billion barrel+ reserves Bell 'touts' (annual reports)
6/ 40/50+ times the price on offer nearer a medium/longterm value! 4p sheisters. LTH s assetmatch continuance gives us all benefit of the doubt. GLA.
Agree with gecko the glorious (ADVFN) hold on to your golden tickets! Griffiths instigated this offer. When loans repaid (5p) he’ll maintain his stake. In Syria you need a Russian operator/national (Kroupeev) though. AIMHO
Waterford Finance and Investment Ltd. are on Companies House (Reg. 03100777). According to the CH records Mr. Alexei Kroujkov, a resident of Cyprus appears to be the only active director, Mr. Michael Kroupeev having resigned in Oct 2005.
I strongly suggest GPX shareholderds to take a look at the CH website and look up the history of active and resigned directors of Waterford. There are a lot of Guernsey trusts and Ltd.s which have been dissolved over the years. I'm tempted to take the money as this take over feels like a pathway to break up and sell off of assets rather than take over to keep Gulfsands as a going concern (My opinion only). I feel that we shareholders are just a written off liability which is necessary in order to facilitate the dissolution. I had hoped that the GPX BOD would refloat into AIM and that we would have been rewarded for our patience. I only had about £1000 invested and I feel bad for those who had significantly more in GPX. Comments/opinions welcomed.
Available through www.gulfsands.
March 18 2021. "Michael Kroupeev, a non-executive Director and the Chairman of the company (I assume GPX), through his family trust, wholly owns Waterford. Michael Kroupeev is not considered to be an independent director of Gulfsands by virtue of his interests in Waterford. Mr. Kroupeev will not play a role in the Company’s evaluation of the terms of the Mandatory Offer."
So Kroupeev buys GPX for a song and shareholders get peanuts. Nice work if you can get it...
Hello fellow GPX shareholders. I've got 2050 shares which I have held onto since they delisted from AIM. I am being offered 4.035p per share which would give me £82.71. Waterford Finance & Investment Limited seem to be taking over GPX and the letter I have received appears to be advertised as a 'potential opportunity for Shareholders to exit GPX following its delisting from AIM in 2018.' I would prefer to hold onto my shares if possible and wait to see what happens. The letter is a bit sketchy in terms of Waterford's intentions. They could be buying GPX to sell of its assets. Similar to LEGGGSY's post, what happens if we decline the offer? Do we forfeit even the meagre offer? I will try to find out but would also appreciate comments from other shareholders.
Yes the offer is 4p per share.... not great.
What happens if we (shareholders) decline to accept the offer?
Is this likely to be taken over with a very lowball bid ? Do we have any real fire power to resist ?
Any one got any thoughts ?
Not great
So a compulsory takeover at just over 4p - everyone gets to keep their jobs, but loyal shareholders, who put up more money in 2019, miss out out on this massive opportunity. Will the Directors push for a fairer price? We shall see.
Good afternoon all,
Just as a reminder that Gulfsands Petroleum shares can be traded on Asset Match.
The company holds quarterly auctions in the shares with the next scheduled to close on the 3rd July @ 4:00pm (BST).
The current indicative price is 5p.
70+ brokers are signed up and able to deal on Asset Match, so if you hold shares via a broker the chances are that they can submit an order for you. For shareholders who hold certificates, we also provide a certificated selling service.
If you need any further info or have any questions then please do not hesitate to contact us.
Kind regards,
Ben Weaver
020 7248 2788
gulfsands@assetmatch.com
www.assetmatch.com
Good afternoon to everyone on this discussion board. As you will probably be aware by now, the shares of GPX were officially delisted from AIM recently. However the company has put in place a share trading facility via Asset Match to allow shareholders and would be investors to continue to buy and the sell shares. In the first instance, I would suggest registering on www.assetmatch.com which is free of charge and will only take a moment or two to complete. Here you will have access to a dedicated GPX page offering a raft of information. If I can be of any assistance then please do not hesitate to contact us. Kind regards, Ben Weaver 020 7248 2788 gulfsands@assetmatch.com
what's happening here?any idea what's going on?
Quiet board
Anyone else actually here? Bought thinking peace back. Not at all.
Anyone any ideas on future of this, especially vis a Vis trading post delist
Because no one is selling and there's no free float.
All trading stopped at 12 today?
Can't buy at what price? I got 100,000 shares today
this could move higher buy limits very tight