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But you see the problem YL:
If it is to be claimed that investors have been duped and deceived by the BoD over a prolonged period of time, how to explain that one of those who has suffered the most financially is JTP?
When it comes to "failure!" JTP is the undisputed King IMHO. Deserves to lose the shirt off his back!
The BOD have sidelined him... but they need to remove the joker from the pack entirely in order to draw a line in the sand for ANGS. If he were booted out for good... even I might be convinced that new BOD sentiment was genuine!
For the SP to truly recover, we need faith to be "fully" restored and that needs a healthy dose of integrity and transparency... the two attributes which have been sadly missing from this company in recent years.
Clearly LTH's have been deceived and lost a lot of money here... if court action is the only way to get this BOD to hold their hands up...
But one of the principal losers financially has been JTP.
Is it claimed that JTP has been deceived by the BoD?
What will they be sued for, failing to find commercial oil?
It seems some people don't understand the risks of oil exploration & think it will always work out, this is a false reality, welcome to the real world.
If Angs lose the law suit.....then they are finished..kaput and LTH are the losers....think about it.
Wonder how many people would like to sue RealAnalyst ,.He was ramping the hell out of Anguss and encouraging people to buy.
It's never going to happen anyway, As soon as the legal team start putting their hands out for more money, saying we are just a little short of funds. I'd hope most will see it for what it is another scam. as it won't stop. it will be a little more and a little more, like averaging down. LOL. until your so far in you think, Damn!!!.. done again.
Never met the man in my life - I don't move in those circles! Lol
Fascinating reading this BB.
Just wondering why there are so many folk here who do not want RealAnalyst to sue?
I don't suppose Lucan's chums have signed up here on LSE to discourage such action????
Can't really see the issue otherwise... if you want to join... FINE... if you don't, then what is the problem if others do?
Clearly LTH's have been deceived and lost a lot of money here... if court action is the only way to get this BOD to hold their hands up... then it's all good as far as I can see. Regardless... at least the truth will out!
RA - you say you have nothing to lose by joining a lawsuit against Angus. But if you sue and lose (a very realistic possibility) you will have to pay both your own and the defendants' legal costs, won't you?
RealAnalyst.....how much oil MATD is producing .infact all of their drilling came out of duster .as you are saying no oil production until 2020.....that means we do have oil....what i think this is the real bargain basement just buy and hold don,t forget we are playing with AIM ......
third party funding is being provided. ? ? ? ? ? ? please disclose.
Not a particularly sage comment.Anyone who thinks this will climb back up to 8p or 10p is delusional. ..no oil production until 2020,by which time multiple placings will have diluted the share price even more.That's a fact.
As I keep repeating,individual investors pay NOTHING as third party funding is being provided.
Investors have been royally screwed over here,and without even affecting the company,individual directors can be made to recompense investors.
Stop spreading the delusional myth that Angus has no money!!!-it's utter nonsense .. £2.5 million in from sale of an asset,and more when Brockham is sold.
We have the opinion of a barrister who is a financial expert,and the partner in a firm of city solicitors that this is a viable case.In any event,in 95% of cases,there is an out of court settlement (with no disclosure &no liability clauses obviously).
Don't be a doormat and let your money be stolen through lies and false promises.
The BOD are showing leadership and are backing themselves to deliver. Absolute waste of time pursuing the BOD through the courts. Brockham is history now and even if things had gone to plan there was no guarantee that production was sustainable. GL to all those who have held and are looking for a recovery.
Agreed its at its lowest.. like your strategy...
Realanalyst you are a delusional. The only person who will make money is your barrister! This company has very little money and by the time your case goes through it will all have been spent on exploration or if you have your way paying lawyers. Petro Matad was worth 2p earlier this year and now circa 8p and hopefully much more by the end of August. I bought a million to trade at 1.45 and sold them on recent spike at nearly 2. I will use the proceeds to buy again if we fall towards 1. BE currently 6. When I buy back in it was fall significantly. Sell trade, rinse repeat. Take control and responsibility for my own actions. Far better strategy than enriching the legal profession!
Odd things can happen on AIM. I can remember investing a lot in JOG at 25p, it was pretty much at its knees following the Trap (?) debacle. There were dissident long term holders ****ging off the company saying it was going bust etc and so I didn’t continue to hold. Ended up missing out on a ten bagger :(
Not a chance in hell that pis who bought at 8,10 or above will recover their investments... (unless we get 400 or 500% rises on the back of no activity).nothing happening until 2020,then further dilution will keep it below 2p...
People have nothing to lose,and everything to gain,in joining together
Think YOU'RE ... (!).
"Even with all the massive director buys,it didn't even reach 2p".
Think your the first person to call them "massive", RealAnalyst.
In truth, the price did reach and exceed 2p, but didn't hold and came back below 2p.
Agree mannan, Anyone who is down 90% ish. Don't think about having to get all your cash back. ( maybe you will) but at this price A good chance to recover it to just 50% - 25% loss. Anyone who has lost so much. May as well go for Broke. All or nothing. Don't listen to the doom merchants in here.
Been a few Trolls in here today, I'm scared to go to bed. Gonna have to sleep with the light on. LOL
big losses you can recover again buying at this price just buy & hold
Long term holders from 2017 or 2018 who bought at 7p,10p,15p or in the 20s have absolutely NO prospect of seeing their money again,now that the share price has crashed by 90% since the new year.
If bought at 4,the share price needs to ruse by 155% for you to recover your investment.
If you bought at 5p, the share price needs to rise by 218% for you to recover your investment.
If you bought at 8p...share price needs to rise by 409% to get it back
If you bought at 10p..it's 537%...
Realistically,it may reach 4p....if it's hyped up exceptionally well...but more likely with no oil production this year it will go sub 1p.Even with all the massive director buys,it didn't even reach 2p.
This is because the fundamentals are so wretched-Balcombe will apparently now only deliver 300 bopd not 1500;Saltfleetby won't be for over a year.
This isn't just "bad luck" or the random luck of the game,it's an orchestrated confidence trick, a scam, to vastly inflate oil likely production figures from Lidsey and Brockham..like Vonk saying Lidsey would produce 400 to 1500 bopd. ....inflated well above Lidsey historic production figures,and then it only managed 40 bopd. Brockham was hyped as a "star asset",of the "same maturity" as HH....as late as February ....after core tests & extensive work I'm the wrll..then on June 28th all of a sudden the BOD contradict themselves and say its "not mature".
Long term holders you have been ROBBED here of hundreds of thousands and in some cases millions of pounds.
I've already spoken to a top financial barrister and litigation solicitor who will take our case and are
sending out questionnaires to everyone in our activist group.JOIN US!-it's your only chance of recovering money defrauded out of you on false premises.
Looks like Yanis is back on his meds.
Don’t be sensible, you will get berated on here!