London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
WT I hope you are well. I have enjoyed our OT chats on wine/food and Rugby. You make some valid points BUT if a LTH investor's average is around 15p why on earth would they press that sell button at 0.45p? Their investment is already written off so they stick around awaiting a miracle(same with Sound,Coro,RGM,Asc ands Nuog) Far too trite to suggest press sell and take a 99% hit as many are in all of these shares. Common denominator in all is Parsons and Fumagalli. NY and Mr Marky- I can assure you that not 1 member of SAG is under any illusion about the returns; they wish to hold the Board of the company to account in the best legal way they can. The FCA, AIM regulators, the ICAEW (Institute of Chartered Accountants England and Wales) and HMRC have been apprised of all actions- it is for them not you to decide whether they will investigate or get involved- we have our 2 lawyers in Italy and the UK to keep them honest. Easy to ridicule- we are acting
WT well said. People should stop crying and sell up and move on if they think this is down the pan. I’m down a considerable amount, and yes bought more. My responsibility to accept the risk. If Fi was still in charge we would be gone by now! With MH and his business expertise we still have a chance. The first TA drill was close, still being assessed, but 3 more to go GLA
8% interest issued at 80% of par, 10% fee and warrants. Could be Sound Energy, Coro Energy or Echo Energy. Today it is Echo Energy. The debt bubble is planted in each. Heed the warnings. The share price is under pressure. As an investment the game is over. My favourites include: " it would be rude not to", " a cheeky little top up", " these same people had a 50 bagger at IRG/Echo(sic)" and " all the more for me". I hope everyone involved doesn't waste any more time and money on Echo Energy. I'm sad to say it's not your money anymore. Stay and see the end but make sure it will not cost you money. There is oil/gas revenue but it is matched by cost of sales and administration costs and interest costs(suspended). There is unlikely to be any drilling and cost savings will be the only game in town. Expect the CEO to go or accept NED status as at Coro Energy. Mr Parsons and Marco to rule the roost.
I am giving Martin Hull my full support, given this is the sort of area that he has great experience and expertise in. The naysayers, the intellectually challenged, those who hold no shares or ever have can go and take a flying f..... !! Hold and see this through. Sell up and shut up. A binary choice, that is an individual one. And no amount of long-winded, never ending discussion ad nauseum here will be the substitute for pressing your SELL button. Your decision, your responsibility. My view is that Dr Bessa, that previously lauded "Super Duper Geologist" has taken us to this point. Unless, the Palermo Aike well is a resounding success, he deserves a gigantic boot up his backside with our eternal gratitude in the form of his very own and hugely deserved P45!! 0 for 6 is no track record for a geologist to be proud of, but there again; Palermo Aike just might deliver something worth having!??! I suspect not too long to wait?
Echo is insolvent and reliant on the debtors to keep It going. Unsurprising that Lombard Odier are involved given their links to every company Fumagalli gets his claws into. Loving seeing the attempts to sugarcoat this disaster- just waiting for the next"this is at bottom must bounce soon" or "oil price expected to bounce $100 next Monday" Sorry if I do not post positive news and of course if posts are not positive they should not be allowed- nobody likes to hear the truth but sometimes the truth comes back and kicks you in the teeth whether you like it or not even if you can read a positive post whilst getting kicked. No pleasure from this(I am a holder) but sick of sycophants hammering down realists. The Holy Trinity and RGM and ASC and NUOG need to get together Anyone who agrees join SAG and e mail me on Richard.firstname.lastname@example.org 418 members in 11 countries ( including 3 new members from Coro)constructively taking on the BoD and will do the same wherever JP and Fumagalli continue to rinse shareholders.
The note holders are between z rock and a hard place. They either agree to Echo's proposals and gamble that they have the cash in 2 years time to pay their loans, or they say no and call in their payments due which will put the company up she its creek. Leaving the note holders to pick over the bones. So I would imagine that they will come to some sort of agreement , allowing Echo to stay afloat. Things not looking great, and any more poor news regarding work in progress will see people leaving for the door in numbers imo GL
I think it means that the Argetinian assets all default to the bondholders if the loan and accrued interest is not paid. To do with what they want to raise funds. You'll still hold the same number of shares but their value might be zero or thereabouts.
yes that's how i see it 18 months to have success somewhere , even if latest drill was a success ,they still dont have the money ,but hopefully they will have in 18 months or so , it is more likely it will all go through ,then down to drilling results to save us
Am I right in thinking if they default on the 2020 payment then the lender will receive the amount of shares in issue?
''Additionally, the Company is also proposing to grant security in the form of a share charge over 100% of the shares in Echo Energy Argentina Holdings Limited. Such security will be shared pari passu between the Noteholders and Lombard Odier Asset Management (Europe) Limited in its capacity as lender under the Company's EUR 5.0m 8.0% secured convertible debt facility (the "EUR 5m Loan").''