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Xcite Energy Share Chat (XEL)


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telboy2712
Posts: 14
Question
Opinion:No Opinion
Price:0.00
proof of shares
Tue 15:35
Hi guys I'm one of the losers here I first bought in at 1.23 and was still buying at the top price I even loaded my Isa with them, I was with HP Markets who sold out to Beaufort who has now gone into Administration. (not have a lot of luck as a PI) They have now sent me a list of all my trading and shares but Xcite shows nowhere do I contest this record and ask for proof of my original shares with Xcite
 
highlandsbull
Posts: 5,640
Observation
Opinion:No Opinion
Price:0.00
OGA, bumph producers par excellence
18 May '18
highlandsbull
Posts: 5,640
Observation
Opinion:No Opinion
Price:0.00
Singapore KFELS rig sales to Borr..
18 May '18
They started at six but ended up at the five Super 'B's. FEG's out of their Super 'B' at 20%, $40mil downpayment lost, but looks like COSL's hoped for Bentley/TS Offshore's N Plus did not make being part of the package. Still, means the rig's still there for any interested party re a Bentley plan Mk.2.. At $80/bbl oil now wonder what the three incompetents are thinking now.

http://ocsgroup.com/asia-pacific-oil-gas-update-asia-otc-2018/
https://www.offshoreenergytoday.com/borr-buying-5-newbuild-jack-up-rigs-from-keppel-for-745m/
ralph2010
Posts: 231
Observation
Opinion:No Opinion
Price:0.00
i was lucky
14 May '18
I got in here at 62p in 2010, missed the 350p spike , held on for a good while and sold at 120p.

My god what a disaster. Sorry to anyone who lost out.
highlandsbull
Posts: 5,640
Observation
Opinion:No Opinion
Price:0.00
To repeat one final time..
2 May '18
Did the responsible executives of XEL/XER ask of OGA for a four year Bentley field lease extension prior to participating in and actioning the XEL insolvency process that enabled the Bondholders to become the de facto owners of XER.

If not, why not, as the actuality was that with the effective connivance of OGA in dealing with the same individuals, and most likely the prospective new owners of XER, approval of the lease extension became a factual event. However this clearly only was allowed to happen after ownership of XER had been transferred, not while XEL might still have been in a position to use such news for it's benefit. By which time also terminal gratuities were paid and/or new employment contracts for the same executives had been executed, with the party that had become the new owner.

In view of the $450m+ investment by XEL in Bentley that had gone before v the $150m or thereabouts loan outstanding, is there not something criminal implied in this behaviour, to the detriment of shareholders in XEL. Executives that had both a clear conflict of interest, securing the present and future personal benefits they did in fact obtain either by negotiating amongst themselves or with an interested, related party, while also having this fiduciary duty to the shareholders and company that still was or had been who they were appointed to represent. What part also did the Bondholders play in this behaviour, to their particular benefit.

Jmho, over and out.
highlandsbull
Posts: 5,640
Observation
Opinion:No Opinion
Price:0.00
Cringeworthy interview on BBC R4
1 May '18
this am. John Humphrys, Margaret Hodge, and some shrill nonentity from the BVI promoting the corporate 'transparency' of the septic isle.
highlandsbull
Posts: 5,640
Observation
Opinion:No Opinion
Price:0.00
Interesting comment on II..
28 Apr '18
imo apart from the completely absent fiduciary duties of the old XEL/XER BoD's to their shareholders, particularly Cole and the useless to XEL cfo, sure pursuing them through the BVI courts would be expensive and possibly non productive, but perhaps not so to shake them up in the UK.

Ditto for the OGA to be pursued under foi as to why they allowed, as mentioned in 5,635 via a complete conflict of interest situation, a four year lease extension to new XER and the same execs without first offering this, as was clearly available, first to old XER who held the lease. Could have been a game changer re funding and ability to secure same. Just what was said by who and when, and how was Cole allowed to be given any sort of payoff as part of a deal that OGA participated in.
highlandsbull
Posts: 5,640
Observation
Opinion:No Opinion
Price:0.00
RE: enjoying the monologue highland..
11 Apr '18
Sadly none of the large investors who have had substantial losses here appear to have the b**** to use any legal fund reserve which such companies normally have, to at least under foi take:

1) OGA/DECC to task for not in the first instance giving a 4 year Bentley field lease extension to XER when funded by owner XEL, yet seemingly were prepared to negotiate same for XER under new ownership which would have to have been declared to OGA, and with XEL/XER management while said individuals were clearly still execs of what was to be their former company. Why was said preference not seen as a clear conflict of interest by OGA in which they should have not been complicit, when it certainly was for the XEL/XER execs with the lease expiring. Why alternatively was the lease not put out as a re-tender to all parties.

2) BoD of XEL/XER abrogation of fiduciary duties while still employees of XEL/XER negotiating a four year lease extension for Bentley with OGA while they were still had to be on the payroll of XEL/XER, particularly in the case of the useless cfo. Acting in effect for themselves and the bondholders in securing both their future employment as was clearly the case, they jumped ship which had to be by prior agreement, and the liquidation of XEL without due consideration first being given to the lifeline that a lease extension to XER, while still under the ownership of XEL, would have been to the parent company and it's ability under competent management to source funding against said lease extension. Jmo.

Imo all parties deserve to be brought to book and sued, at least to disclose the facts during the timeline that led to the lease extension being granted by clear partiality. OGA as a public body should not be allowed to hide behind supposed confidentiality issues that directly by their action blighted the investment of thousands of shareholders in XEL, who with their participation and despite unnecessary costs imposed by DECC, had brought Bentley close to development status with large and now proven field reserves.
toxicnerve
Posts: 2,643
Off Topic
Opinion:No Opinion
Price:0.00
RE: enjoying the monologue highland..
22 Mar '18
How's the ATC (Flyer your words) going ???
Casshy
Posts: 392
Off Topic
Opinion:No Opinion
Price:0.00
enjoying the monologue highlandBull
22 Mar '18
??,....I think its over...




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