Register
Login:
Share:
Email Facebook Twitter


ETF Investing made simple; CEO of justETF explains why


Xcite Energy Share Chat (XEL)



Share Price: 1.575Bid: 1.51Ask: 1.90Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.39Spread as %: 25.83%Open: 1.56High: 0.00Low: 0.00Yesterday’s Close: 1.575


Share Discussion for Xcite Energy


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


raspberry
Posts: 4
Off Topic
Opinion:No Opinion
Price:1.575
RE: Stand up to the man
21 Nov '16
Upanchors
You are a frequent poster on iii. Are you involved in the Facebook Xcite shareholder action group?
 
Upanchors
Posts: 41
Off Topic
Opinion:No Opinion
Price:1.575
View Thread (2)
Stand up to the man
21 Nov '16
I know I called this one wrong and me en me pal dropped a ball like. I still want to get a group together to block the bondholders getting this company. Who's in? Come on guys! Let's do it
LEGENDS
Posts: 1,560
Off Topic
Opinion:No Opinion
Price:1.575
Oil Futures Rise
21 Nov '16
If only this happened 12 months ago-

http://uk.advfn.com/news/DJN/2016/article/72960989
highlandsbull
Posts: 5,539
Off Topic
Opinion:No Opinion
Price:1.575
RE: Hoping
21 Nov '16
A buyout if the static becoming of concern?
CloudSpin
Posts: 11
Off Topic
Opinion:No Opinion
Price:1.575
RE: Hoping
20 Nov '16
Hope is not a sound investment strategy.
toxicnerve
Posts: 2,606
Off Topic
Opinion:No Opinion
Price:1.575
RE: Hoping
20 Nov '16
How do you think it might get back to 1.50 when the Nomads have resigned & will be off the aim listing officially on 28th of this month.
The only hope here is legal action against Directors probably over the next 6 - 8yrs.
lol1234
Posts: 10
Off Topic
Opinion:No Opinion
Price:1.575
Hoping
20 Nov '16
Well let's all hope it will get back to at-least 1.50 again, I doubt it though but I believe it has 3.7bn in assets correct me if I am wrong - but how isn't it not possible to get the 150m they need.
highlandsbull
Posts: 5,539
Off Topic
Opinion:No Opinion
Price:1.575
RE: A legal strategy
20 Nov '16
What I do not like is how little we have been consistently told by the company about who the bondholders are, the earlier nda's, the missing sto money, and of course the phantom stg5m gensets. Many questions need frank answers here.
Bluedays
Posts: 291
Off Topic
Opinion:No Opinion
Price:1.575
Fb
20 Nov '16
raspberry
Posts: 4
Off Topic
Opinion:No Opinion
Price:1.575
View Thread (4)
A legal strategy
20 Nov '16
It seems to me that it is worth focusing on actions that might help to provide some form of recovery:

1) Following the appointment of liquidators in the BVI, seek to ensure that the liquidators undertake a proper sales process. It will of course be particularly concerning if the liquidators sell to the bondholders or parties connected to the bondholders.

2) Ensure that the liquidators give proper consideration to bringing claims against the directors of the company. The directors were obliged "to act honestly, in good faith and in what the director believes to be the best interests of the company". Additionally, they had "a duty to exercise their powers and perform their duties with a level of care, diligence and skill that a reasonable director would exercise in the same circumstances, taking into account (amongst other things) the nature of the company, the nature of the decision, the position of the director and the responsibilities undertaken by the director." It will be important to particularise the breaches of these obligations to the liquidators and present a compelling case that they have a reasonable prospect of succeeding in a claim against the directors.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.