Yes I feel that we can expect a more comprehensive update when we get the results for the year end. With the new comers to the Board we can expect some older DIrectors to leave. I beleive an acqusition would already have been lined up hence the experience of the appointments and a major investor with knowledge of the oil and gas sector. Annual results accompanied by a further fund raise and acqusition will make the coming weeks interesting.
As Jim has pointed out no deadline on this one, the guys that are on the bod are good and the TR1 for Nigel Burton a great sign. we have had movement in price and still overhang in play here, lots of positions being taken here. Oil and gas experts on bod, must be something coming in, 700k in cash and she'll value equals MCAP, unlike some that are being ramped at the moment this looks like it might have actual incoming asset, expect we will see another tr1 soon followed by asset news.
It's a cash shell - hard to call it a scam at the moment! Not a rule 15 cash shell either, so no 6-month deadline. Looks like things are moving towards reversing a company in - hence the interest. But to call it a scam at £1m mcap which easily covers the cash and value of the listing is just a deramp.
on the other site, the one starting with AD, are saying that this is a scam (boiler room ramp) i guess, people the positive peeps here will say, no its not, and the negative peeps will agree. No smoke without fire me thinks.
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