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cd66beta, thanks for your Post clarifying the consequences of I.Trading!!
I also acknowledge the valid points made by both Waynesmith and Taverham!
Novy
Then chris oil should dob whoever did it in and don’t forget he is a participant in this. so not as clean as you think he is IMO
Someone needs to complain to the fca about the individuals and the fraud squad imv.Posting here won't change anything other than blood pressure!
"Under the Criminal Justice Act 1993, dealing in securities on the basis of inside information, that is, information that is not yet publicly known and which would affect the price of the securities if it were made public. It is a criminal offence in the UK.".
isdeer, my appologies........I was typing a previous Post and didn't see that you had already made "the point" as to who should "do the time"!!
You're too quick for me :-)) :-))!
Waynesmith, ref: "Chris oil got tipped off and should do time"
While I share your anger and frustration Wayne, IMHO it's the individual who leaked the information who should "do time", not Chris Oil!
greedfear, ref: "The info of placing was leaked by an insider. That is the guilty party not DB. Crooked city bull****."
You are SPOT ON!! DB and all of us have been "had over"! I'm certain DB will be as appalled at the leak of inside information as all of us!
I'm sure most investors here will see the EXACT same "Leak model" as happened to Reabold about 3-4 weeks ago! One of our problems we all face is that the FCA take what are presumably their "big fat government salaries" but do absolutely SWFA to address Market Abuse!!!
he wont but the person who tipped if off should.
the insider who leaked this info should be jailed and any monies he has should be taken from him as proceeds of crime.
Chris oil got tipped off and should do time
Which if is the case, why has DB not done one of his little sharetalk pod casts and apologised. Again, would like to reiterate that we are still going to make money in the long term, just the way this has happened is very poor and I also said I support the placing, especially as it helps with the long term strategic plays that we have.
The info of placing was leaked by an insider. That is the guilty party not DB. Crooked city bull****.
I think to say DB has done over shareholders is a little strong, but incredibly disappointed in how he has allowed this to happen. If he had got placing away at .225, would have been less anger I think. But there are now several trapped at price where he he has ramped the hell out of this and now they could be sitting on substantial paper losses. This doesn't come from someone who is one of those as my average is .125, but doesn't sit right with me
you can only top up if you were in the know about the placing, those that were daft enough to rely on company info and not hearsay or insider info have been duped and have already spent their pot.
Heid
Well you must be blinkered / cant see further than the end of your nose, you have been used.
No Pboo I do not think it is David or Chris's fault this situation.
Agree this will drop. This will be traded. Chance for a very cheap top up imo.
Then news will start coming EWT etc and this price will be history.
The Oil is there and lots of it. Prove WN , produce from Wressle . Biscathorpe.
Good luck with this price again.
I see that sneid agrees that DB, Coil and co have done share holders over.
Heid, agree good or bad, what do you think will happen?
I agree.
Too late now the damage has been done.
Without being suspended we are at the mercy of the Market so look out.
Lots of money to be made here over the next week for a certain few. imo
Have no issue per se with the placing, have issue with how this has been conducted. Honestly thought more of DB than to behave in the manner that has allowed this to be manipulated and has let down ordinary PI's whilst others have profited.
We still have great assets and will still be ok, but leaves a sour taste
Be great to get this placing away successfully. Lets get all the fund raising out of the way now and then move forward a pace.
Don't despair what ever people say, not only do we have Oil we also have the Gas at A-1 and A-2. I can see clear blue skies once we are fully funded. I love the timing of this and the Friday RNS. I feel certain that this will be to the absolute benefit of the company it's partners and all UJO share holders. Lots of plates have been thrown into the air. but I believe with the best of intention.
The leak to one side (Be great to see all of their monies and assets seized), Whats not to like. All good imo Let's get this done. VIVA UJO.