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There are no rules or enforcement. Lesson learnt to stay away from investing in AIM unless joining a pump and dump. This should have been a less risky investment for many reasons but turns out better off at Mecca Bingo.
In a way OGA are complicit in this, they have been promoting this phantom quad 9 and release of information months ago, they allowed the extension of XER's licence yet again, which gave stockholders some assurance that in fact XER had presented a realistic case for same. We have XER's flannel re d/d parties, investor and guarantor, data re the reality of this or otherwise needs to be extracted, as does any change to individual holdings of any signficance in XEL. For a share that normally traded in the 1/2 mil - 1mil shares a day, !00m plus have been traded in the last month or so, yet there has been no advice by the company of any change to the notifiable shareholder list. Is the ceo asleep at the wheel, how can this be believable.
Under freedom of information be interesting to know what validity XER gave to OGA/DECC for extension of the licence, what persuaded them to to extend yet again when in reality what must have been presented by XER was just hot air.
Imo short of any unlikely white knight show the only way to put a spoke in this give away would be legal case against the bod for whatever reason can be devised with regard to fiduciary duty and conflict of interest. Sadly these guys have consistently had their tenures extended by shareholders based on the bs re 'progress' they have been fed. The only progress seems to be in them fastening on their golden parachutes. Other shareholders rec from them is to jump with nothing as they do a bolt. Jmo.
Oh well, either way its a fecking shambles. Does make me feel better though that there are still clowns out there with nothing better to do that troll. Up the xel.......
Don't forget kids, UPANCHORS here is a troll (lunar flyer from iii) using someone else's name.
Had a response from OGA today as well, issued standard response to everyone. I'm with you on the feeling like an idiot, oh well just another 5-10 years of hard work to save it back up again. Hopefully before I hit 50! Yes I'm an idiot but the statements were IMHO misleading and purely to continue to line the pockets of the BOD. Will keep buying a euromillions to try and break even!
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That should not take long to conclude if one actually has the money. Surely the technical side has been batted around with DECC for years now. There's still 8 months to go on the lease.
hook into Bruce. http://www.offshoreenergytoday.com/aker-solutions-new-semi-could-help-unlock-more-marginal-fields/
Sturgeon also a waste of space. Only people worth writing to imo are any oilcos that may recognise the give away here and have the cash to do something about it. Or under freedom of information ask of OGA just what is the current status of Quad 9 and participants in same. At this rate STO would seem to be the front runner in any acquisition, ironic when just couple of year ago this useless bod was castigating them for being to slow. What will probably happen next unless there is any way suspension of trading and investigation can be called for, STO will magically surface and probably as per Peregrino bring in the Chinese as partner, maybe even COSL as they remain contractors to STO will revive the N Plus. Keep Kenny happy in Singapore. Who can forget coles and bower's happy chappies pics with COSL execs late last year. A crock. These guys should get nothing out of this, salaries for years uselessly more than compenasation for failure. Jmo.
They can't submit one because other then RBL they've never had one, despite innuencdo from the ceo on various occasions all in the garden rosy and that the technical aspects of Bentley been reviewed positively by DECC/OGA. As I said before OGA a waste of space, pointless to complain about the lease, that remains the one thing XER has still going for it and why the Bondholders so keen to keep it alive.
What happens soon is mass dilution and a 0.5p share price if lucky. Hopefully someone will also stick the BOD on minimum wage or even better at the job centre.
Wish you had dropped by at £4.
Oh dear, now i haven't posted long enough! Make your mind up. In the last 30 days you could have sold at 8p. It was the disgraceful ramping and blatant market abuse that has prompted my recent posts here. Previously I have written elsewhere.
Not really. Last 30 lot has happned and i know the same amount of things which cyan knows. Where was he before if he knew lots of things about this company. He came here to post with in last 30 days. So dont give me that stupid argument.
Fair enogh but you have made your opinion more than 112 times. And keep on coming with same opinion . Give it a break
Xel123 I would comment that if you are a long term investor that Cyan appears to know a lot more about this share than you do
If you had not chosen to believe the rampers and stick withb XEL so long you wouldn't be in your position. Someone asked a civil question and i gave a civil answer. I see someone just paid 1.64p per share. It does not take a genius to work out that if, after dilution, the share price remains at 1.64p that will market value the company at approximately £360 Million Sterling. Tell me that is realistic. If you believe that , hold. If you do not then you might consider selling. I am not telling anyone to SELL , I am offering an opinion. We will just have to wait and see what happens.
I'm genuine xel share holder who is on the verge of losing my invesment. I bet you dont have any thing to do with xel but surprisingly posted 112 time is last 30 days?. What do get by dping this ?. Cant understand other than you are doing some contract for something
Who do YOU work for XEL123. Someone who wants to dump shares per chance.
Cyan2 Who do you work for mate ?. Leave this board alone. Why di you ask people to sell this share ?. You have posted 112 on this share for last 30 days and dont tell us you dont have an agenda. Its true this discussion board is for diffrent people for diffrent opinions. But have told us your openion 112 times. Enough now
Exactly, could hardly be any worse, 1/10th of sfa is still sfa.
Hanging on to shares until after dilution is an extremely bad idea. They are going to be priced at a small fraction of what some have paid today. I think all evidence points to the BH's wanting a fast disposal and its unlikely to be for very much.
Sorry for asking such a naïve question, but has anything been reported about what happens next ? Will the bond holders carry on and manage the company, sell the company and assets. or what, as they'll have to do something to get their money back ? Surely it's worth hanging on to the shares in case that happens and get a small share of the profits than bailing out now for peanuts ?