The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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And that is why rampers of this toxic pos are so dangerous!!!
How many folks will get burnt on this ramptastic pump and dump I wonder?
Only circa £10,000 of purchases this morning, and there is a 50% increase in the SP.
Just goes to show how easily this SP can be manipulated on such pitiful sums of money.
Absolutely no volume what so ever.
The flip side to this is, the way that an SP can go up on such ludicrously low volumes, and at the rate at which it did, is equally mirrorable by the speed and scale that the drop will occur.
IMHO
so is all this buying the normal forward selling we see after placings?
People should be truthful with themselves. Anyone Buying Shares in RRL are NOT Investing or Trading, they are Gambling at High stakes Roulette Table. I lost money in RRL some years ago and even then shares i hold, i can not sell due to SVS going belly up. In that time their has been multiply NEW Management. Then you get people posting how great the new Management is ect ect, then the tears as i all goes wrong. The cycle continues. My point is people should be truthful and not try to lock other Retail Investors into the cycle and losses. Accept you make a mistake Investing is RRL and move on. Do not chase your money by making others lose theirs with or hype. DYOR into RRL before you Gamble
I have sat on the sidelines and suffered like all LTH for the past 9 years- i have never said a word until a few days ago how has this all been kept for shareholders? now we know the real reason for the severity of the decline in spd over the past 5/6 years - those in the background will always know and got out big time wehen the SP was still at a decent level - I am soryy for myself and all lth but I cant see anyway back from this - DISGRAFCE
CONTINUED ....Following an audit examination, the BIR assessed Los Bajos Oil Limited to owe further petroleum profits tax and consequently adjusted its unemployment levy liability. The total amount of additional petroleum profit taxes in dispute is TT$1,218,720.34 and additional unemployment levy liability in dispute is TT$121,872.03.
On 9 February 2017, RRTL filed appeals in respect of the BIR’s assessment that RRTL owed additional petroleum profit taxes in the sum of TT$4,325,000.00 and additional unemployment levy of TT$432,500.00 for the financial year of income 2008. RRTL duly filed a petroleum profits tax return for the financial year of income 2008 and subsequently sought to amend the return to claim a deduction of supplemental petroleum tax liabilities for the respective income financial years 2008, 2009 and 2010. Following an audit examination, BIR assessed RRTL to further petroleum profits tax and consequently adjusted its unemployment levy liability. The total amount of additional petroleum profit
Geeta Maharaj
The Company and its subsidiary, Range Resources Trinidad Limited (RRTL) have received an invoice from Geeta Maharaj (Ms Maharaj), a Trinidad-based attorney seeking payment for legal services in the amount of TT$12,019,573. The invoice purports to relate to legal work undertaken during mid-2014 including the preparation of inter-company loan agreements. The Company and RRTL strongly refute the amount of this purported invoice and consider it to be vastly excessive and therefore not payable. A claim has been filed by Ms Maharaj seeking the sum of TT$12,019,573 plus interest and costs. The Company and RRTL filed a notice of application to strike out this claim on 14 July 2017. An initial hearing on this application was held on 29 September 2017 at which the parties were ordered to file and exchange written submissions by 20 October 2017 with replies, if any, to be filed by 30 October 2017. Both parties filed and exchange written submissions and responses by the requested dates and a further hearing was scheduled for 1 December 2017. This hearing was rescheduled by the court and the Company is awaiting notification of a rescheduled date, which is likely to be in the calendar year 2020.
Separately, the Company and RRTL have received further correspondence from Ms Maharaj on a related matter claiming damages of TT$6,000,000 on the basis of a conspiracy designed to damage Ms Maharaj’s reputation. Again, the Company and RRTL firmly refute the allegation and in conjunction with its legal counsel in Trinidad have responded to this demand. A claim has been filed by Ms Maharaj seeking damages of TT$6,000,000 plus interest and costs. The Company, in conjunction with its legal counsel, has filed a defence in respect of this claim and a preliminary hearing was scheduled for 1 December 2017. This hearing was rescheduled by the court and the Company is awaiting notification of a rescheduled date, which is likely to be in the calendar year 2020.
While the Company, having taken legal advice, considers the probability of Ms Maharaj succeeding in either of her claims to be remote, there can be no guarantee that there will be a favourable outcome for the Group.
Trinidad and Tobago Tax Appeals
The Group is currently involved in a number of tax appeals in Trinidad and Tobago:
On 9 February 2017, RRTL (as successor to Los Bajos Oil Limited) filed appeals in respect of the Trinidad and Tobago Board of Inland Revenue’s (BIR) assessment that Los Bajos Oil Limited (a former subsidiary of the Company which amalgamated with RRTL) owed additional petroleum profit taxes in the sum of TT$1,218,720.34 and additional unemployment levy of TT$121,872.03 for the financial year 2008. Los Bajos Oil Limited duly filed a petroleum profits tax return for the financial year 2008 and subsequently sought to amend the return to claim a deduction of supplemental petroleum tax liabilities for the respective financial years 2008, 2009 and 2010.
Loadsamony
strong sell
oh ...SuhailM3471
i thought you said you did not take profit .
Loadsa, how many punters have come and gone over the years like this lol. Shouldn't really waste my time replying lol...I'll never learn! Atb
Suhmail....you are $&€;÷* dangerous. You are just a wide boy trading your luck on the peak and troughs. Our discussion is about the way in which this company has been run. End of. Anyone can roll the dice like you. Some of us invested on fundamentals for the longer term, not with money from down the back of the sofa like you. You think you're clever cos you've been lucky here.....one day your luck might run out and you may just become a bit more humble.
Well, imo, the take over of rrl by LO was always the plan. What exactly did we get in return for 90m worth of debt??.....can anyone tell me what we actually got in return??? Whatever it was, can anyone say we got value for money???
It will be odd if they suddenly turn Trindad around once they've got it?.
You've just witnessed how a 300m dollar company can be decimated over a 10 year period until it is virtually worthless. The are winners but it sure as hell isn't the pi.
my naivety has cost my the majority of my money in this company I admit but I really don't understand how this RNS has caused this much of a sitr, did we not know this was coming? why has it come as such a shock can please someone explain as I really don't get it
last week the company was "saved" by the sale to landocean , we have no assets but debt free and all the rest of it - now something we knew was coming has resulted in the masses now stating the company is finished because of this news - bizarre
So, that really gets the dump underway. Hopefully, even the most intellectually challenged can see where the final stage of this 10 year death spiral is heading. All that crap recently from some folks saying how negative me and others are being about the company. Total bawlicks.
And to think this was once a $300m company. For God's sake, if you're thinking of putting cash anywhere near this pos, give it to charity instead. Most of you will have the sense to take heed.
This needs to go bust and soon for the benefit of our sanity.
No - where can I find that info please?
Court case? am I missing something and what is so bad about that RNS ?
Seriously? Let me go grab my crystal ball.
Any reason for very quite?
Can someone tell me when it will hit .2p please ??
that's me done too. said what I have to say and a bit of banter thrown in.
ATB
Time for me to back off again now. Said what I want to say. Next step will be to hear what Gordon has planned.
All.the best fellow cannon fodder lol.....don't be a victim.
settled. I am @eyeguy_one on twitter and post on LSE. That's it.
I am not Mr Eyeguy on ADVFN end of conversation. ADVFN imo is ****. I cannot stand that site and I woudlnt short my longs
pointless conversation
maybe. maybe I have a team of rampers ready to move in lol
The MR EYEGUY ADVFN I think is templario that used to post on ARCM. I bought at 3p ish, it went up, then when it retraced I guess he sold at a loss because I got a lot of abuse on twitter. Then it went back up again and that's when the ID came on ADVFN. Same bloke got banned from twitter.
yep- that's my imposter. it isn't me as you know. He also bashed ARB and took a short position out at 5p.
I am long on ARB. That idiot lost and burnt on ARB- if genuine. I won
If you think I talk I talk down my own shares then there is no hope for you pal