Just as well you got all info off website good forward thinking ,should things go wrong ,at least you have retained this prices less info ,I should have brought mine on a credit card -could of had a refund by now .
You've got to take it like a man. I was over £270k down in 2010. The Mrs. was not happy at all. The thing with AIM is, you can claw your way back. I'm about £80k down now overall, but confident about the Fuhrer, sorry, future.
The website must be All part of the restoration process,the main thing is don't panic ,probably rebranding a bigger better website with new investors on board .and a RNS in due course,letting us know the date that they will resume trading ,let's face it we can't sell .good news or bad we are all on the same train that we can't get off so until we get to the final destination we won't know whether it's Monte Carlo or Shrewsbury .
Let's take bets on why the website is down. I figure the server is gone and offline because either:
1) My fag pack math was correct about aggravated insolvency due to even more depressed oil prices so they have pulled the plug and put the company into administration without telling us just yet; 2) They are updating the website and forgot to post an "under construction" notice; 3) They changed servers but forgot the redirect the old files to the new host; 4) They are trying to hide the representations that they've already made to us in past presentations and press releases (I have them all printed off already); 5) The Kazakhstan tax authorities have seized the website as an asset to auction off to help satisfy the $20 million tax liability; 6) Sberbank has seized the website as an asset to auction off to help satisfy the $80 million+ bad debt liability; 7) Vendors have seized the website as an asset to auction off to help satisfy the unpaid bills; 8) The AGR deal went through and they are simply renaming and rebranding the company(!!!); 9) A MXP employee accidentally kicked the power plug out of the wall socket; 10) They unplugged the server to save money; or 11) None of the above. It's just a temporary glitch that will be fixed soon. The company is about to resume trading and turn you chaps into mini-Richard Bransons.
To be clear, I am betting on number 1. I believe that it is over.
I realize that it could be a long and anxiety filled sleepless night for current shareholders. Be sure to double up on the nightcaps mates.
I did back when I was a believer of the MXP BS, so much so that I bought over $500,000 worth. I've made it clear that I believe that they misled investors and made egregious misrepresentations. I have Michael Young on audio recording from investor conference calls telling us how great Uytas was and how much it was worth by itself (north of 20p), and then even telling us one time that he had some good news because Uytas was bigger than initially expected. I invested hundreds of thousands of dollars due to those comments and the presentations. Then they tell us Uytas isn't even commercial. WTF. The whole thing smells like a great big scam. It looks like a giant ponzi scheme to me - no doubt about it.
If we get a RNS about administration soon, I want to know how much the executives have taken out in salary and bonuses over the last several months. I will make contact with the correct people and ask those questions if it comes to that. I feel duped beyond explanation by MXP.
"Was it a giant Ponzi scheme? You be the Judge.............."
Well I can't really say since I am not qualified to judge such things.However if it was it was assisted by paid stooges or plants on this BB.
Consider these three extracts from what appear to be blatant attempts to ramp MXP.
"Not saying that 10p is not realistic at some point. 23 Nov 13"
"------but I can see 15 - 20 million 2P. If we burn through the debt and keep 20 million 2P, that's still worth a buyout of 8.5 pence per share at today's float and exchange rate." 5 Jan 14
"Where do you chaps see Max if we finish developing what we have shallow wise, go to FFD on each find, and then stop all exploration expenses and chop admin down to nothing? 7,500 - 10,000 BOPD with no X expense. EBITDAX would be quite impressive. With 15 - 20 million 2P we should be worth $300 million with no debt, which is about 8p per share with cash flow of $150 million/year, all not counting NUR1. Or we could pay ourselves huge dividends." 28 Jan 14
Has the Max Petroleum website been taken offline? Uh-oh. It was up yesterday evening and operating without issue (I was downloading old press releases and financial statements and such). Now it appears gone from its server.
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