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if my pensions/share advisor had come to you talking about guaranteed 4 figures and golden tickets backed by the CEO of that listed company and a supposedly respected market commentator in Malcy I would be looking for a new advisor!
PS- lets look at it the other way- if your pensions/share advisor had come to you talking about guaranteed 4 figures and golden tickets backed by the CEO of that listed company and a supposedly respected market commentator in Malcy- what would you have said? you, as an experienced investor have chosen to take a big position in Sound( which without divulging details I can confirm); How about an inexperienced investor trusting the company to look after your pension for not just you but also your family How would you feel at the moment? perhaps they cant even look in the mirror because they have had to have pawned it?
You have to admit though that I am worth my weight in entertainment on this bb? If I can bring a bit of cheer and laughter onto this board, then I am doing something right. I chuckle at my own messages, so I'm certain others do too. I think you take life way too seriously. Others tend to agree from what I read. Going around filtering everybody means that you are missing the entertainment. Shame because it may make you more amenable to others.
Yes Jez, that's true ... although you don't even feature on the "Blah Blah's" anymore. (Don't bore me by asking how I'm seeing you now, I explained it to Jonesy before). But I DO see quotes from Filterland every so often, such as when Partridge quoted you and Pontcanna just now. And so I can see how the board is still in the Slough of Despond, and that the cast of Moaning Minnies is hard at it, including your rancid self. It's tragic that you have no mission in life other than to talk down a share you don't even own. But each to his own, I guess.
ps200306 - I am surprised you manage to knock-out a reply these days, because haven't you filtered everybody there is to filter? Surely, you'd see a screen of "Blah blah's" as you put it? Unless of course you are talking to yourself, which is even more worrying? Filtered.
Did you see Crudehope star in his own film over in Morocco? It was like a cheap Carry On film. Carry On Believing. I think he was made for the big screen, or at least I reckon he thinks that. Who can forget the scene when he approached Parsons and Dees as they were having a private chat? The look on their faces spoke volumes. Priceless.
Here's a few thoughts. Actually, I prefer to call them facts.
SOU currently owns 40% of circa $2.4 billion worth of gas. It is not certain to ever get it out of the ground but to say it is guaranteed to fail is nonsense.
Likewise, to say it is guaranteed to succeed is nonsense. It is a high risk venture. That's why those b*tching about Parsons need to take a look at themselves. Let me ask this: if you had gone to a pensions adviser and told them you were considering investing a life changing amount of money in a single Moroccan-focused exploration venture, what exactly do you think they would have said?
To be fair, Crudehope acting skills, at least on this BB, have been imperious
Dog With Fleas - KTF is "The Last Disciple." They'll be making a film about it when all of this is over. "The Last Disciple" sounds a bit like a 1970's Hollywood Blockbuster movie, starring Charlton Heston, but maybe our very own Kirk Crudehope could feature too?
To suggest he just leave it because it’s not worth it is the wrong attitude & lets any wrong doing go unpunished.
KTF is deluded if he thinks he’s making a profit out of SOU. He’s the last remaining disciple, even Jobbsinscl has thrown his hand in.
It’ll be interesting to read KTF’s defence when surely more bad news follows next month
KTF- thank you
KTF - I'm certain you are a decent chap, but just because you are invested in a share doesn't mean that things are always going to go to plan, or conclude the way you want it to. I try and tell it how it is, which sometimes on the face of it looks like I am dissing my own investment. Maybe you ought to adopt a similar stance? I admire your optimism, but sometimes realism is a more powerful force.
it may not come across as such, but I really do wish you well.
if you do get some justice for those who have suffered I will be one of the first to say well done.
just keep in mind, I personally know someone (not me) who basically bankrupted himself and screwed his family's future chasing legal redress when he was absolutely unequivically in the right.
KTf- I continue to work on behalf of the 198 ( I believe you are a decent person and you also would if you were privy to the history of many of the members as I am) The legal costs currently are being born by me in the Uk and other members in Italy(with an important meeting on 31st Jan) There are no plans for a cash call on SAG members( despite offers of assistance having been made by a large number of members) nor would there be unless it came to a class action backed up with evidence in a civil court(in which case all members would be allowed to vote whether to proceed or not) or a criminal action brought by the CPS backed up by the Police. Until then not one SAG member will be asked for a penny- as none have been asked thus far
"I founded and continue to lead ...." as an ego trip-
1) the statement is true
2) It is one hell of a time consuming and expensive ego trip- I could just have continued to drink wine,chase women (far better for the ego) and posted nonsense-
3) You are right the current panic re Corona virus is making things awkward for my business, both with bringing people home and a disinclination for people to go over there.
I will not give up on Sound investors in the meantime . As you say
"you may be right that there have been illegal actions" that will keep me going .
No animosity KTF perhaps just different motivations
Good call, Jones. Trellis is doing some sterling work for you people. Don't disrespect him, KTF.
KTF is deluded if he believes a deal will be done by February 14th. I personally can't see there being one and if there is then I don't reckon it will be all that favourable for PI's. You only have to look at the evidence to date to see what the future "could" look like. With most of the BOD exiting, stepping down etc., then this is never a good sign.
I don't know how busy your business is right now but can guess sourcing teachers for China might be a challenge right now.
either way I would think that you might be better to spend your time on that than this sag stuff.
I really don't mean to have a go, but it's all starting to look very much like an ego trip.
"I founded and continue to lead ...."
if you are in discussions with lawyers in the uK and Italy (and they are any good) you must be running up some serious costs.
I think it highly unlikely you will recoup these costs from sound. do we assume a cash call on sag members soon?
you may be right that there have been illegal actions, proving it will be very very time consuming and costly. don't wreck many years of your life and possibly lose significant amounts of money on a crusade.
it's just not worth it.
I continue to have no connection with sound board either past or present.
I intend to take a profit (smaller than hoped) when this spmrecovers on either a deal or continued exploration of lower risk targets and OF COURSE sale of gas already found!
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RE: Echo Energy
NYForever- an interesting question worthy of a detailed answer;
Mr Fumagalli ( independent Chairman of a Company that won awards as "AIM investor relations Company of the year only 2/3 years ago) after 2 replies then in writing refused to answer "small " groups like SAG with "only" 5% of the shareholding- despite the fact that if it was an individual holding it would be required to post TRS for every dealing over/under 3%, and despite the fact JP answered every e mail sent to him during the "good" times and that Sound spent not insignificant sums on Investor events not just in London but all over the country(ring a bell?)
I have had lengthy replies from the FCA to queries when normally they just send an acknowledgement and a case number,
I am in discussion with lawyers both in the UK but also pertinently in Italy
I believe the refusal to engage with SAG is due to a lack of confidence in the legality of the current Corporate Governance regime at Sound, and advice from Cenko as NOMAD.
I have met personally with investors from 2 euro countries who are concerned enough to fly in personally specifically to discuss Sound Energy, JP and Fumagalli.
Have I got anywhere with reining in the BoD- No; do I believe they are rattled and wish I and SAG went away- Yes; do I have evidence of market abuse- I am collating evidence submitted to me but so far-yes; will there be investigations- yes; will there be legal action- to be seen dependent on the evidence but yes; have I been threatened with libel action from Sound for any statements I have made either on public boards or via e mails to Sound,the FCA,Cenko as NOMAD, Strand Hanson as joint broker- no.
You will have to make your own mind up as do all investors, and Echo is supposedly a different entity to Sound- I merely point out the similarities between modus operandi and executives
looking at Echo board and was moved to post the following 2 posts.
WT+Mr MarkyB- I know PIs in other Companies dislike disaffected Sound PIs commenting, so will make a couple of things clear:
1) I am invested in all 3 of the Holy Trinity (as well as NUOG in an attempt to recoup some losses via a "bounce on bull****")
2) I founded and still lead the Sound Action Group (198 members from 9 countries worldwide with over 5% of Sound.)
Within those parameters and any accusation of bias I can swear that my comments are based on facts
Sound was premised on an LE and I urge you to look at how that has turned out?; RNS were and continue to be misleading in all areas but especially where finance or results are concerned- usually followed by a bounce before the subsequent RNS lays out the actual facts ( see RNS pre coal finds); Although JP has resigned as CEO of Sound (whilst staying on as a "consultant") he still holds positions at executive level within Echo and Coro, still retains links via Fumagalli and C4 with "cornerstone investors" such as CIP and Lombard Odier, and is planning an RTO into NUOG by the end of March ( Dennan the CFO of Coro is now also CEO of NUOG whilst C4 hold all the remaining debt) and Parsons is now CEO of Regency.
It is an incestuous cesspit of back scratching, and I would suggest watching all of the companies very carefully even if Martin Hull appears a decent bloke( there are verifiable reports of links between Holy Trinity executives and IOG before the London Oil and Gas scandals broke) and to take -personal copies of ALL published investor events/e mails you have received as Sound have been systematically removing them over the last 4 months. Be aware that Fumagalli is now the "interim Independent Chairman" of Sound (with 1 other non exec director Liddell an ex chairman who resigned to pursue other opportunities) despite Sound owing him via Greenberry(who have recently moved from Monaco to Malta) £28 million in Bonds secured on Sidi( not mentioned on the LE deal about to go through on 14th February).
Apologies for long post, but distrust anything and everything you hear until proven beyond doubt
Fair enough, Partridge. I didn't realise that. I will crawl back under my stone then.
Sorry I may have misunderstood but what is the relevance of getting the sp from 2p to 70p Jez ?
No, we're not joined at the hip. Joined by the fritter, more like!
And there's nothing wrong about living above a chip shop. The snootiness of some posters on here is astounding. If you saw the panoramic view of the car park from where STZ licks the window, you'd probably agree.
Livin' the dream.
Mr Jez, you appear a little confused. The 70p share options are residual from the arrival of Mr S. at Sound as OGIF behest. That was about 3 years ago when the Sound share price was nearer 70p. The price of the options has no relevance to be current share price. If options were awarded today they would be nearer a 2p strike price. There will be no consolidation.
Believe what you want to believe on this bb, or not as the case may be. I'd love to see the expression on your face if / when you meet me and my twin brother. I can assure you, that I have a twin brother, Simon. I still can't believe people on here are questioning this.
Not2Sure - you may recall I used to be invested in that dog of a share, 88E? I got out when the going was just about good enough with a small profit. Never again. They are running out of money fast and seem to sniff out dusters faster than SOU does. They never seem to get any luck and I suspect the bad luck to continue until a delisting off AIM.
Both of you ought to be discussing the likelihood of a share consolidation happening here. Am I the only one who has worked that out? Seems so. Ask yourselves how you're going to get from sub 2p to 70p? I'll give you a clue: not by the share price 35-bagging! Even Herr Krudenhoffe would class that as obsessive ramping.