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Nostra Terra Share Chat (NTOG)



Share Price: 1.65Bid: 1.55Ask: 1.75Change: 0.00 (0.00%)No Movement on Nostra Terra
Spread: 0.20Spread as %: 12.90%Open: 1.65High: 1.65Low: 1.65Yesterday’s Close: 1.65


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BlueOcean
Posts: 16
Off Topic
Opinion:No Opinion
Price:1.65
Matt
Today 22:38
Worthwhile reading BrokerManDan's latest blog re: Matt's role in the shorting of NTOG by Yorkville.

http://guerillainvesting.co.uk/2016/07/26/nostra-terra-oil-gas-ceo-shorting-scandal/

Also sounds like Tom Winnifrith has been in touch with BMD and now has a better handle of the truth about what went on than the story he got from Matt.

Matt's self promote over shareholder interest isn't welcome.
 
BlueOcean
Posts: 16
Off Topic
Opinion:No Opinion
Price:1.65
View Thread (4)
RE: Notable
Tue 15:43
@Notable

A SEDA product is not pretty for the PIs and typically it is linked to some form of debt or convertible loan.

Note 25 of the 2011 annual report and the RNS on 11-May-2012 confirm the one-year USD 3M loan facility arranged was �supported� by the SEDA between Nostra Terra and YA. Debt �supporting� equity distribution�link established.

Generally speaking the process with regard to a SEDA or other �equity credit� or death spiral financing products is as follows:

The holder of the debt instrument (sometimes but not always a convertible loan arrangement) initially shorts the stock, which often causes the stock price to fall, at which time the debt holder converts some of the debt to equity which can then be used to cover the open short position. The debt holder continues to sell short and cover with converted stock, which, along with selling by other shareholders worried by the falling price, continually weakens the share price, making the shares unattractive to new investors and limiting the .ability to obtain new financing. Hence death spiral.

How damaging were Matt's deals to shareholders at NTOG? Difficult to say, however, from the period Matt exercised his warrants to the period Yorkville returned a portion of the loaned stock, oil price (WTI) rose c. 20% and the share price fell c.30%.

I�m not going to speculate on whether ML lied to the NOMAD, I think it unlikely. Instead, you might consider the circumstantial evidence that NTOG has historically changed its NOMAD almost annually; most recently because the NOMAD resigned � not common. (Strand Hanson Limited 2016; Sanlam Securities UK Limited 2014-15; Northland Capital Partners Limited 2013; Shore Capital and Corporate Limited 2011-12).

So, Notable, again it�s not about BMD attacking the CEO, or implications that ML might have lied to the NOMAD.

This is about events that factually took place in which Matt Lofgran was complicit. He has legal and fiduciary responsibility to the company and shareholders and it is questionable whether those responsibilities were compromised by the things he did. The value invested by PIs was structurally eroded to facilitate Matt�s financial gain. Remember, Matt exercised his warrants to acquire shares with money he personally borrowed from Yorkville, he then loaned Yorkville the shares which they then shorted. It�s as straightforward as that.

As an aside�per Nigel Somerville�s Shareprophet�s post 09-Jul-16 on Servision
��and so today we learn that the company has amended the terms of a financing package with YA II PN Ltd (otherwise known as Yorkville) which involved a loan agreement backed by a standby equity distribution agreement (SEDA) � for that, read �death spiral�.�

This is a well-trodden path by Yorkville and not a pretty one. Matt's involvement therefore is
jange
Posts: 26,229
Off Topic
Opinion:No Opinion
Price:1.60
RNS
Tue 07:33
RNS Number : 1858F
Nostra Terra Oil & Gas Company PLC
26 July 2016

26 July 2016

Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")

Sale of Chisholm Trail Prospect - Update

Further to Nostra Terra's (AIM:NTOG) announcement of 30 June 2016 regarding the sale of the Company's 20% stake in the Chisholm Trail Prospect for US$2.1 million (net to NTOG), which is operated by Ward Petroleum Corporation, the Board is pleased to provide an update.

The sale is progressing in line with expectations. A non-refundable deposit in the amount of US$100,000 to Nostra Terra was received per the terms of the agreement. The sale remains on course to close no later than 17 August, 2016.

This announcement contains inside information.

For further information, visit www.ntog.co.uk or contact:

Nostra Terra Oil and Gas Company plc
Matt Lofgran, CEO

+1 480 993 8933

Strand Hanson Limited
(Nominated & Financial Adviser and Joint Broker)

+44 (0) 20 7409 3494

Rory Murphy / Ritchie Balmer

Vicarage Capital Limited (Joint Broker)
Rupert Williams / Jeremy Woodgate

Cornhill Capital Ltd (Joint Broker)

+44 (0) 20 3651 2910

+44 (0) 20 7710 9610

Nick Bealer / Colin Rowbury

Walbrook PR (Financial PR)

+44 (0) 20 7933 8797

Gary Middleton / Nick Rome
thompson
Posts: 1,355
Observation
Opinion:No Opinion
Price:1.60
Ramu
Mon 22:45
Thanks for that. I'm not sure it makes difference who's running it to be honest. Lots of boards complain of the same,....poor communication.....late updates etc etc...and so down...dilution...consolidated blah blah....plus aim. I won't buy any more again and whilst there may be spikes that's it and it depends who's going to get caught or get out in time. As I've said before.....all shares come down in the end on aim anyway. 99.9% mugs game.
Best of luck ousting matt or giving him a performance improvement plan! It would make difference sadly but best of luck.
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ramu2211
Posts: 205
Off Topic
Opinion:No Opinion
Price:1.60
RE: Notable please come out of hidi..
Mon 20:23
Thankyou Notable. Life is different with Kids...It is him...
notable
Posts: 423
Off Topic
Opinion:No Opinion
Price:1.60
RE: Notable
Mon 20:01
Hi BlueOcean, unfortunately my post was cut in half, I didn't realise there was a limit or that I was droning on. The bit chopped off was trying to explain that a SEDA is not a shorting instrument, they lend money and are given shares to cover the loan which are sold at an agreed price with the company. As to BMD's blog, as a former director of an AIM company, he should know that you can't lie to a Nomad or your lawyers when putting out a statement like the SEDA one, I don't understand his attack on the CEO.
notable
Posts: 423
Off Topic
Opinion:No Opinion
Price:1.60
RE: Notable please come out of hidi..
Mon 19:31
Congratulations on your new arrival, may he or she give you as much joy as mine do to me.
ramu2211
Posts: 205
Off Topic
Opinion:No Opinion
Price:1.60
RE: Notable please come out of hidi..
Mon 17:06
Good to hear Notable that you were on holiday, its always good to spend quality time with family away from all these markets. I am going to holiday for a month soon....:-) We are blessed with a New Born Baby recently, so it a beautiful atmosphere at home. No matter what our investments do, we all make our private life special. I am happy for you.

Coming to the Point, the Group is Big, ofcourse 90% are LTH, with high Averages. Everyone holds different opinions, some on BMD Side and Some on Ben Turney's. There is nothing wrong in it and we do respect each other. As I mentioned last time, I invited people into Committees, They do their own research and get the message across. BMD is obvously aware of this and he believed that some thing is there which he needs to highlight, he did his own workings, links, what he did is his own Article, nothing went from me.
I personally like few people, BMD, Tom Winnifrith, Ben Turney, Mark, Zakmir, ofcouse DDH..only thing they have in common is they are not afriad to fight with Corporates if they believe something is not right.
I just heard TW Audio, totally agree with him, we should not care what BMD was before. I am posting the link here, just in case if you want to hear it.
http://www.*************.com/views/22475/tom-winnifrith-bearcast-i-don-t-care-if-brokerman-dan-used-to-be-a-ballet-dancer
As I mentioned in previous post, company must come out and respond to that, as a holder I wish they say it Loud and clear, not via backdoor.
And the work our group is doing is good, more people joining in, doing research, keeping an eye. But I would say Matt should conc on Asset Sale and get it done, Invest wisely, else if he fails then it would not be a pleasant one for any of us, including his own, as Matt holds shares.
SP declines because Matt failed to clinch a deal not becasue of the work we do behind the scenes. As CEO if he has the ability he can make every wrong prediction wrong. Power of CEO, which he does not do perfectly. We are not going to stop doing our background work. If Matt leaves, all of you Guys will be running Mad but we will not, because we know what we have to do. All things are being put in place but quietly...sssshhhhhhhhhhh
BlueOcean
Posts: 16
Off Topic
Opinion:No Opinion
Price:1.60
Notable
Mon 17:05
@Notable

Just read your post.

Denigrating the person not the argument I don't think adds to the credibility of what you say.

It�s not about whether BMD is trustworthy, it�s about what Matt did and what was and wasn�t RNSd.

Lending Yorkville stock to short it was never part of Matt�s mandate; rather his role is to create and add value, not work toward eroding it.

Matt�s credibility as leader and his participation should be considered in the context of the choices he�s making with shareholder�s money.

Make sense?
ramu2211
Posts: 205
Off Topic
Opinion:No Opinion
Price:1.60
RE: Notable please come out of hidi..
Mon 16:43
Yes Thompson

Personally I have more confidence in Ben Turney than Matt Lofgran. I don't look at the Oil and Gas Industry Experince, but an attitude and willingness to do what is best for Share Holders. If a person like Ben is incharge, he will make the CEO work for the Share Holders. We have seen Matt and many of us believe Matt knows lot in O&G, but it is least if he could not deliver what he promised, simple. My Vote goes to Ben Turney.




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