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osa is probably being paid something like £3,500 - £4,000 a week, without having to do anything much for that, and without putting any of his own cash at risk. that's a pretty comfortable reality, running an AIM co.
I have to say I'm pretty disappointed of late here with the lack of news and communication to shareholders which is why I sold some of my holding last week and put it in somewhere else. I will still retain the rest in the hope of some tangible progress but perhaps Osa is learning sharply the realities of running an AIM listed company? The recent development about us shareholders finding out about the shut in a few months back from other sources certainly did not impress me one bit considering it should have been deemed price sensitive info at the time...
the conditional subscription was originally meant to complete two months ago. that hasn't happened.
this company is not very good at explaining what is really going on. - they don't even tend to say when an uplift has taken place, but then that makes sense when one remembers that they also didn't tell market when there was a shut-in leading to lost production. adme shareholders only heard about that from panoro.
I cant see the aje fields bringing any joy to shareholders. Best case scenarios, merger with a similar company, sell asset and invest in start up oilers. Something must be happening behind closed doors. Looking forward to an RNS whenever it comes.
Just got notification from Co House that ADME (in the old name of MX Oil) as of yesterday still hold 195,000 shares in Superdielectrics, which is just under 0.4% Worth looking into what Superdielectrics do (superconductors) and who they are in collaboration with (Rolls Royce) Chris
Holding because PEEL are is a bit of a weird reason they are a MM - not an investor they have shown they sell when market deems it, they currently collect them as they are trying to keep the SP within a range they are happy with
At minute - the SP is low - so there isn't much incentive to sell ADME, but there isn't too much incentive to buy either, AJE NEWS is likely a long way away for real development but the next lift is due early next year and should be the first time some residual cash is received by ADME from the AJE partnership
I had expected some news on a potential investment and fundraising still not fully completed - nearly a month since last update
patch, even if peel hunt *didn't* want to hold onto the shares, who on earth would they sell them to in order to make an exit? - volumes remain abysmally low ... nowhere near enough to soak up a 15% - 20% stake - so peel have no good option other than to wait and hope that some kind of news release eventually generate some kind of spike in volume so that there is enough liquidity to get out. but until that happens, the best they can do is hang on grimly, trying to make a turn on trades which are infrequent but do have a big spread, and prop up the bid side for small size in order to try to support the price. (if they didn't, who would?)
Let's hope anyone contemplating investing on the coat-tails of the infamous Sheikh Ahmed takes heed of what happened here. As I explained earlier this week, through an interview with him by a friend (a UAE based journalist), he promises a lot and talks big deals, but essentially he is a one-man-band using the family name of Maktoum with its vast wealth (he is a very distant cousin of the ruler HH Sheikh Mohammed) and so far he has only parted with very small amounts of his own money in securing positions within the companies he has invested in. There is always mention of the $Billions of funds from the Maktoum family that he allegedly has access to, but this seems to be a front to gain an advantage. With a bit of digging and questions asked, it is apparent he positions himself as a middle man but makes sure he is the main beneficiary of any deal he concludes. This is evidenced by the fraudulent case of supplying electrical power plant to Ghana in 2015, where he negotiated a deal, as the intermediary, to sell it for an inflated $510million instead of the $220m cost from General Electric (USA) plus a commission. There is a suspicion that he colluded with the Prime Minister (John Mahama) and other corrupt members of the Ghanaian govt. to make sure they all came away with fully lined pockets at the expense of the Ghanaian people. The disputed amount is still being challenged by the replacement ruling regime. His partner in his AMERI company who negotiated the deal was a Pakistani/Norwegian called Umar Farooq Zahoor who is the subject of an International Arrest Warrant (by Interpol) for his part in a $45million fraud in Norway in 2012 but has since remained in UAE where there is no extradition treaty with Norway or European countries. UFZ is seen many times at the signing ceremonies in UAE at the side of Sheikh Ahmed. It is no coincidence of the similarities of the ADM conspiracy with this new venture with ORCP, who have Chinese interest in the project and Pakistan (UFZ's Pakistani origin). This has all the hallmarks of a pump and dump operation for little outlay but rich rewards in a very short time.
Yes. I have been in since the original PPA days and have never been able to get out. I had hoped the consolidation and 46p share price might double to allow me an exit. But it never happened of course. So I will accept a loss if I have to. 70p really only equates to pre consolidation 0.7p