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I can't see Crude's comment. What did he say?
Back to the wine, I think.
Soundingoff, I agree - no complaints about the way Sound Energy entertain their private investors. They have always been accessible & as you say, they always put on a good spread! Whether that is money well spent is a moot point but I & many other investors have enjoyed the 'largesse' over the years...............
I see that Amerisur has put itself up for sale. Their SP has leapt by 35%.on the news. Just imagine if we were to announce that we were for sale, our SP might also leap by a similar amount. We'd be north of 11p at this point. Happy days ahead!
No need to apologise wh0s. I'm sure this BB is a stress valve for most of us. GLA.
'But I cannot abide people posting stuff on here that is not true, when the facts are there and available for all to see.'
I agree wh0s.
Regarding confirmation bias, you do realise that partridge really isn't pro-Sound!
Haha sorry scarf i realise the level of pedantry is probably annoying... But I cannot abide people posting stuff on here that is not true, when the facts are there and available for all to see.
The figures I quote are simply the percentages taken from the pie chart in each respective presentation. So the lag was "made up" in that way. Sorry.
Interesting debate this morning. And still we wait.....
It was 9.5% in Q2 2018... i.e. II % fell after the 15m placing, even with your made up "lag" (you should look up confirmation bias btw - you might find it interesting).
Q3 2018 6% institutional investors
Q3 2018 (updated) 8.7%
Q4 2018 8.7%
Q1 2019 8.7%
Q2 2019 12.3%
Q3 2019 14.3%
Based on records the fund raise in July 2018 wasn't seen in investor updates until Sept. 2018. These things always lag.
Here's another fact - we raised $15m in July 2018. The II ownership FELL from 9.5% to 8.7% between Q2 and Q3 presentations.
Again, PI's fund this business, not II's.
Granted we don't know for sure where the recent $2.7m fundraise went, but your statement that JP can thank II's for his bank balance is just not true.
The figures in the presentations are facts. JP's statements as CEO are facts. Just because you don't like them, or they go against what you think/say does not stop them being facts.
As I say, you may be right. But you make all these statements as fact, when they are far from being so.
I'm sure we can agree, that at least a chunk of that cash has been spent on PIs. Sound's buffet spreads are fantastic.
Q2 2017 presentation: II ownership 9.5%
Q2 2018: 9.5%
Q2 2019: 12.3%
I maintain that PI's have funded this business, and are responsible for JP et al's bank balances. Why you are disagreeing on this point is beyond me - JP has said himself that this is a PI FUNDED COMPANY. I assume you just want to argue with everything I say, as is your wont.
Correct that could be the case. But now I would go back and reconcile your statement to the increase in II involvement on the register and let me know what you find.
@SO - if a bucket shop takes placing shares and flips them in the market immediately (or even more likely sold them forward), then AIM companies will claim to have "institutions" participating in their fundraise. They are not actually locking up their cash in Sound as long term investors. That is the domain of PI's.
I'm open to whatever the reality is. When was our last PI placement?
You'd have to be wearing the rosiest of all rose tinted spectacles to think that II's have played the majority role in financing SOU over the years. Even Sound's own CEO says that's not the case. Even JJ has said that it's not the case, and he was brought on board to institutionalise the register!
I think your rose tinted spectacles are welded to your face by now.
That's quite a sweeping statement wh0s and of course complete conjecture. We don't know which institutions hold our shares do we?
The "institutions" involved in AIM placings are bucket shops and penny stock brokers. We're not talking proper fund managers and investment banks are we.
'I think one look at their collective bank accounts and they'll be pretty chuffed that they embraced PI's. II's are less inclined pay you millions of quid a year to continuous failures.'
Surely it's the exact opposite? Institutions are the ones who have picked up the tab (literally) via the placings. Ignoring dilution of course.
So wait - they don't read this board, but they rue the day they got close to PI's because of the nonsense posted on here? You're logic is as sound as your share price predictions. 50p. At least.
I think one look at their collective bank accounts and they'll be pretty chuffed that they embraced PI's. II's are less inclined pay you millions of quid a year to continuous failures.
Some of the less smart bears amongst us think that JP personally reads this bb. But I am guessing that an administrator at SOU must glance over the posts every now and then.
This thread is typical of the level of debate on here over the last few months unfortunately. How they must be laughing at SOU headquarters and ruing the day they ever decided to get close to the average PI.
Jord - is it?
Unlikely yes, but what if they bought half of Sound's share for 300m and spent 100m on drills?
Sound return 30p a share, and a new drilling campaign starts
I very much doubt that is the plan, but you never know...
Coro? Ridiculous. How on earth could they ever develop such a licence, let alone buy it off us