The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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TSC,
Enjoy your rewards and atb.
I am not upset per se, I, like many wanted to see a few more quid. I will take my half a million and go from here. And TK coming back to GKP is being talked about.
''feel a bit cheated...the story had further to go. This is oil though...never been fair''
oh FFS dry yer eyes
AND you're still bleating on about Todd Kozell 6 years after he left
yeah this is oil and if you don't think its fair you should go stick your money in a post office savings account and stop your whining
I say well played AA ... a £70 million pay day for him and a nice and easy 3 and a bit month 2 VERY LARGE bags cashed up for me and onto the next one :-)
Well, yes he did well, and all things being equal do did I. I was 100% in, and was up to the eyeballs and beyond. However, I wanted to see where this could actually go, and feel a bit cheated...the story had further to go. This is oil though...never been fair.
TSC,
"He gave the company away for nearly zet ZERO.." Except he bags +£70,000,000 personal fortune and go's on to 'aid' in running Viaro Energy / RRE with no doubt an eye watering package. "Accordingly, it is Viaro Energy's intention that executive management will be retained with the exception of the Executive Chairman, who will resign from this position on or around the Effective Date but be retained as a special advisor to the Viaro Energy Board..."
aimo
Let's get the right, right now. He gave the company away for nearly zet ZERO. He falls into the Todd Kozel book of oil execs imo now
AA says he can raise £500m - £600m based on current equity. Hearing that knowing he had already gifted the company away for £250m makes you feel a bit sick.
Here’s an interview that was done 10days after the confidential agreement....my view is that the market/public new something was coming as AA announced it during interview what his 2 options were......every t/o I ve been involved in always seems corrupt because it is .IMHO....this is the world we live in and the rampers will ramp other shares as they have done here on the day of announcement as the market wants the money to stay in the market ..im all out and taking a break, I ve traded for decade and I ve made good money from it.
https://www.youtube.com/watch?v=Cuoxi_dzXG4
Lonestag,
That is taken as read, question is have the takeover code rules been 'massaged' as to how they knew to acquire and when and at what price..... that's all I'm saying. How fine is the line between insider dealing and legally acquired shares. Members and employees of Hannam in connection with H&P Advisory Ltd as a concert party to Viaro Energy .... hummm
atm & aimo
They just reported their holdings on Friday....does nt mean they acquired them then.
They were all below the threshold, but as they are directly involved in the offer they have to declare their interests....just like anyone who deals in the shares from offer date onwards....it’s all in the takeover code
As far as I know sqz has nowhere near the decom liability's rre has.
MTS,
IMO you can not compare SQZ with RRE ... so many reasons why, mgt is just one, lets just say SQZ will hold a few surprises, nice ones imo :-)
atb
Serica looks top of the range to me. If we use RRE $5 per boe of reserves. Even if an offer was made for Serica I can't see it being much higher than current share price. Serica should buy RRE. £25/sh please...;o))
on a side note, took a few serica today.
MTS,
Question is, at what point prior to 29/2/20 was the pattern decided and the cloth cut for the stitching to being.
Big business, is what it is, fear we PI's, will once again, never know.
I would have thought and hope most PI's managed to gain at least something(£) from this episode, if not, then experience can be just as valuable.
atb
The whole episode stinks to high heaven. What a stitch up.
Find it hard to believe that Hannam directors / partners only acquired shares on Friday at, I would guess circa 1840p for 2% of RRE (263,844) ..... So as a concert party to Viaro Energy, what price did they get acquire them ! .... These guys must have been having a party watching the panic and confusion openly discussed on this and other BB, whilst they sat back and waited for the T/O announcement. Remember RRE entered into Confidentiality Agreement on 29th Feb with Viaro ..... Just saying.
aimo