Read the RNS it says IF THE ACQUISITION DOES NOT PROCEED In fact read all the past RNS telling us what has completed and what we have........Until some production money comes in from somewhere then we have nothing.
Are you one of the other idees Haifwit don't get too Lippy, after all don't forget you are only a ventriloquist doll See if you can remember this...FRUS ONLY no other i'd FRUS NO SHORT Haifwit what opening price will you need to break even...Go on be sociable tell us...If not I'l assume you have something to hide
All we got is a new NOMAD which we had to have to prevent de-listing from AIM. Remember it was SLE that informed us that we must make an appointment within one month and that we would have one well within that period. They took us to the wire didn't they so no awards to SLE for that.. So where are we now.....Back to where we were before the distraction of terminating our previous NOMAD. The deal is no nearer to completing nor have we any more info about the deal except that it will be classed as a reverse take over. What this would mean for us is any ones guess as I've said San Western perhaps....Meanwhile we can forget coming out of suspension in the foreseeable as this RNS states that this will only happen when the acquisition completes or if the acquisition does not proceed.. Why do some people post that our production money is already mounting up I think that maybe a bit of propaganda I've read nothing official to substantiate that. As far as I can see we are at position one....Forgive me for posting this I would much prefer to be posting whoopee and Yes we rrrr on our way boys but common sense prevents me.
sle are going to be moving forward toward that back production back pay!, looking forward to my yes vote as this is just referring to shareholder approval by the looks of it!
"The Mart Transaction, which completed on 24 March 2016, is the first part of the acquisition of a Nigerian onshore production deal (the "Acquisition") announced on 22 January 2016. The Acquisition, if completed, will constitute a Reverse Takeover under Rule 14 of the AIM Rules. Accordingly, the Company's shares will remain suspended from trading on AIM, pending either the publication of a re-admission document or confirmation that the Acquisition is not proceeding."
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