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Why Sam? Did I miss an explanation back then?
Irrespective of anything I may or may not have missed I only post to highlight a pattern of behaviour.
Bob look at the news of the day 4 years ago might help you.
Afa---see you're at it again---a constant stream of past news---Why??
-
------you don't know who we are talking to---what is being said---what is or isn't being agreed---nor how long it is going to take.
---I'll wait to hear from you then--but in the meantime---no more hot air please.
It may be 4 years old but it does certainly highlight that just because a Nomad allows the publication of an RNS doesn’t mean it is factually correct . I would hazard the Nomads operate on a ‘good faith’ basis. If management tell them something is true they have to take it as just that. They, especially on AIM, are not in the due diligence business….clearly!
There is a pattern here. From OF’s non-purchase to the TRAM funds having been sent….the worrying part from an investor’s perspective, and ultimately the issue that feeds into this debate in the absence of any further updates, is that nothing ever gets satisfactorily corrected or explained. The opacity is really not good enough for a publicly listed company, even if in the somewhat shady world of AIM.
Surely a Nomad worth their salt would have ensured that SLE updated from their last RNS as they said they would….maybe the normal rules don’t count when a stock is suspended ? Not like it can affect the market one way or another…
Also it was well documented at the time, but nothing from you then! Weird ...
00, contact sle ask them, 4 years ago that, yet you only seen it!!! and complaining!!!, shareholders got a nice 6p divi yet no mention of that....crazy you people
Sam245 you must mean the much-discussed and outrageous actions of both Oising Fanning and the San Leon Energy nomad as I commented on in January. Here's a recap for those who are unaware of this. We are still awaiting an answer from your friend.
"Alaric, can you explain how a statement from Oisin Fanning, released in an RNS, that he had purchased 98,000,000 shares when in fact he didn’t even have the finance in place, let alone make the purchase, was approved by a Nomad?
It would appear from this fact that indeed the wool can be pulled over a Nomads eyes as It seems they signed off an RNS which, without doubt, misrepresented the situation. I am not aware of any penalty either party suffered for this. A sham indeed.
To remind you, again, the Nomad wrote that "Oisin Fanning, Chief Executive, HAS purchased a total of 98,000,000 ordinary shares at a price of 21.0 pence per share ON 07 May 2020".
The AIM Nomad regulatory system seems far from robust as we all know this was not true. We all know this went unpunished. We can all see that the AIM regulations are flimsy at best.
But of course, your argument is pointless as the FACT is no money has been received and Mr. Fanning is worried enough to inform us all he is seeking another source of finance."
Dated 17th Jan 2024. Please note that despite a promise from Mr. Fanning of an update by the end of March 24. we still have no confirmation of progress regarding the third attempt to raise the essential finance to pay debts and continue the business. It is not looking as rosy as the bears in tinted glasses are trying to make out.
Samalarik you silly littul boy the qwote is frum 10/10/2023 not 4 year ago. So more red face embarusmunt an despurute divurshun twattle from the PRO PR RAMPIN CUMPUNY. lol. we now you is jus doin yer divurshun job as it best a wageslave can do at the moment you runnin scared.
so let get bak to busines talk. in 10/2023 you told everyone that the loan was in bank and malcy was obvious relifed. but there was no muney turn up was there.
Use of proceeds part 2
2. settle the Company’s creditors, satisfy its working capital needs and pursue its strategy. As previously announced, the Company has numerous outstanding creditors (totaling around US$15 million) and these creditors have been exerting increasing pressure on the Company (including sending letters before action). The Board believes that without the receipt of the proceeds of the Investment, the Company’s financial position would have become increasingly precarious and that it would need to take steps to protect the interests of the Company’s creditors.
so it look like no loan equl very angury crediturs nokin at door. what you think redystedy. how long can the red lion last if no loan men want to take a punt on an suspended an distressud cumpuny who cant provide acounts. take into cunsideration 2 big loan men already walk away it seem like.
that reuly is all we need talk about so no more silly divurshun drivul frum profeshnul pr team trolls pleeze as yer more see threw than clear glass.
Think you were right first time redeyemines :-)
There you go again Afa---just cant help yourself can you.
-Firstly let me say that I do not know the ins and outs of what is happening----That is why i'm not making any comment at this stage, until we get an RNS to give us the FACTS.
-----BUT
--Neither do you-
-----you dont know who we are talking to---what is being said---what is or isn't being agreed---nor how long it is going to take.
-
---When everything is RNS, and the position is clear (and that includes all the financing, debt repayments, accounts filed, and ELI stakes consolidated)----then maybe you can post something factual and not just loud mouth speculation.
-I'll wait to hear from you then--but in the meantime---no more hot air please.
Afamefuna - I go along with your comments - pity - Alaric/Sammy were always cheery posters we all know that they were company ramping trolls but hey it takes all sorts to make a market - personally I wish I had never heard about San Leon - OF still in Dubai now we know why following recent legal posting, poor fellow he didn't know what he was really getting into in Nigeria (or did he) if he had asked me years ago, after my years spent in the Middle East I could have told him what to expect in such "markets", in fact I did post such a comment years ago at the time he informed us he had relocated the focus of San Leon oil company away from Poland and into Nigeria, Jeez that seemed like years ago. Alls well that ends well Alaric??
Redeysteddy. i will ansrur yer qweshtuns.
1. what i post is much more of fact than the pro PR cumpuny rampurs predictin the future that aint hapuned. I got the qwote from fat malcy so acordin to samalaric it mus be true because malcy is a god to HIM.
2. What exactly do you think is going on while we are suspended.... Not just for a few days... But for months.
EXACTULY. COULDUNT PUT IT BETTUR MESELF.
3. ........ Do you think the nomad would have allowed that last RNS if good progress wasn't being made with new funding.
YES. see https://www.ft.com/content/135c4cec-c159-49b6-8f04-5d056b4dcff1 where yer nomad alowed incurect imfurmashun to be published and spred threw the world press. diabolical failure by a nomad. price sensutive and incurect infurmashun that allowed a great shortin opurtunity for some knowlaguble investurs.
4. Why don't you just keep quiet and wait for the Facts to come out.
LOL x 10. THE PRO PR RAMPIN TEAM WOOD LOVE THAT. YOU ARE DESPURATE TO DO YER JOB AND SILUNCE OPINIUN FANNING DONT WANT. this is third begging bowl attempt of Oisin fanning to save the red lion. we bin waiting 10 munths of suspension. WHY DID TRAM loaners backed out. WHY o WHY. 3 suspenshun in 3 years and 10 years of no jam fur shareholders fed up of waiting fur facts that becume fikshun. that why people is wonderin all ovur agen.. we alowed to do that like yer PRO PR RAMPING CUMPUNY is alowed to talk speculative carrots dangling in frunt of nieve investurs.
so why dont you shut up instead. as if. LOL.
Just for good measure, San Leon Eli's holding company, San Leon Energy UK is also 3 months overdue in filing it's 2022 Accounts.
San Leon Eli is registered as a UK company, with Price and Tedder as directors.
It came close to be struck off in 2022 for not filing it's 2021 Accounts (the Registrar had published notice in the Gov Gazette).
Those accounts showed the only asset to be a $2 million prepayment for shares in Eli Malta to be purchased off Okoloko's company, Walstrand.
Today the 2022 Accounts are over 3 months overdue.
I notice none of the trolls has responded to my exposure of their dissumlulation about the insolvency proceedings. so come on guys here's your chance to show us that you're actually not dishonest trolls after all :-)
Meant to say poor, not poo
Come on Afa, even for you that's poo.
".. So looks like no loan unequal no Eli"
... What exactly do you think is going on while we are suspended.... Not just for a few days... But for months.
........ Do you think the nomad would have allowed that last RNS if good progress wasn't being made with new funding.
... Instead of coming out with half backed guess work and scare munger stories,.... Why don't you just keep quiet and wait for the Facts to come out.
......... Can't be long
Funny littlul boy jus doin divurshun from main isue. it best poorley paid pr profesional can do at the moment. she runnin scared. Lol
let get bak to busines talk. Hear sum more fact frum the past.
Use of proceeds
The Company intends to use the net proceeds from the Investment to, inter alia:
loan a further US$37 million into ELI, which owns a new pipeline and a floating storage and offloading vessel, together with the right to subscribe for 35 per cent. of ELI. The Board continues to believe that it is important for San Leon to assist ELI with the funding requirements for achieving its key project milestones;
so it look like no loan equl no eli so how you doin with the beggin bowl boys.
that reuly is all we need talk about so no more silly divurshun drivul frum profeshnul pr team troll pleeze. as if.
So by the looks of what has been researched by Alaric, assjunkie and his Afool has been misleading shareholders again , they did this with SunTrust, they did it with research others found on Eli akaso, these two are charlatans, misleading liars to be honest who are out to scaremonger...fact!
I should correct an important detail in my last post. it's Ocean Pearls shares in Eli that are in hock to the bank which is logical if you think about it.
Proper research Alaric, assjunkie,Afool!!....nah their history as non invested is littered with only that to tarnish company reputation and sle personal, most is assumption not fact but untold rhetoric and propaganda to try to destroy shareholder confidence so to short sle as Afool says he does and there is the proof and he has posted so, so why does any holder here stick up for posters who want to undertake the loss of their interests here is crazy, these trolls are out to damage investment their history proves so.
Although it's academic, the prospect of an Order for Discovery is salivating!' even more nonsense from Junkie. disappointing for the trolls but i understand that the winding up petition hasn't even been served yet. that's the problem with thinking that reading the nigerian press is actually research. it obviously isn't and even worse for the trolls is their failure to realise that the petition will never be served, as redeyemines explained recently GT Bank to whom ELI's shares are hocked have to consent and they ain't never going to do that. the trolls would be well advised to take a leaf out of redeyemines' book and do proper research for once. that's all :-)
Afamefuna, although it's academic, the prospect of an Order for Discovery is salivating!
Although I greatly doubt that SamAlaric is a shareholder, I'm wondering if it's one of the unpaid creditors of the company. Might explain a lot?
You funny little boy sam the red lion aint going to sue anyone hear. there is no case an it could opun up a big can of worms for them cause there be more chance of you alarik bein investigated by the autorities for sure as it lookin like 10 year of market manipulasun by a pro PR team ramper company.
you mus try harder samalarik troll or you wont get anymore worthless free shares.
an hey where is that third loan attempt then boy.
Bob these trolls post to undermine the company and it's personal as well as shareholder investment,company defamation as well as personal libelous posts are against the law.