OK if the fairly recent fall of 50% was sector related,what caused the 95% historic fall from the peak, you know when the three bod members became multi millionaires.You would have thought they might have at least caused a guffah from the " waiting ones" by coming out with old adage of " the directors no of no reason for the 95% fall in sp"
Why would they? The last 50% decline in the share price is mostly sector related and isn't as a result of any company specific information as might be applicable to the disclosure and transparency rules.
Rumours, if they have no basis in fact, need not be denied. Presumably why the company feels no need to deny all these ramping rumours about imminent Statoil takeover.
As I have said before, the next important bit of news to keep an eye out for is the bit in the Q2 report about carrying on as a going concern. That, and funding (or possible future farmout/takeover) are all the matters. Anything else, including warrants, is noise.
The only reason the bod have to issue one is if THEY ( not some FCA official) deem that the share price may be affected by some " news". They don`t think it will?, they don`t issue one .Even if they don`t issue one when " news" is apparent and the sp does move , there`s not a lot can be done.The FCA is a paper tiger. They haven`t issued one referring to the last 50% drop in the sp.
No one expects updates on a daily basis bit dramatic, but nothing since an unofficial OB meeting LAST year is hardly confidence boosting or inspiring, we are we are mid-way through the 3rd Qtr & still not a peep from XEL about the FDP !
The next reply from the ramping VI will be along the lines of 'If you're not happy with this then sell the shares@ blah blah blah nonsense, in other words SSch don't rock the boat! While we ramp it up for anther 'PumpN dump' That's why Overman & loudmouth want the silence so when anything slightly intersting comes they will be waiting to short it to death yet again!
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