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So the placing agent took up 235m shares so they would get the bonus 99m shares. Just amazing skulduggery going on, the BOD obviously happy to destroy shareholder value to get the monies they want. This now has the largest share overhang in history so not much chance of it going north for a few years. In the meantime the BOD get paid plenty to turn £7m lump sum into a possible £1m / year which should justify their salaries. SIt back and relax.
Basically using the retail following of BPC to dilute shareholders and start a new company.
EXCELLENT summing up there. short, sour and straight to the heart of the matter! good post!
Since the merger BPC have now diluted this share by 5.5 billion including the OO Just within one year alone
After the consolidation it will be 700 million shares but they have the option to dilute this share by another 750 before the end of 2022 and knowing their past history of how much they love to dilute you can guarantee they will.
This will bring the of 1.4 billion shares.
10 years ago they had about 700 million at 25p
Making no money
April 2020 they had 1.4 billion at about 3 to 3.5p
Making no money
At present its 7 billion shares at .0035p
Making 3 million per year at present
Strange looking back 10 years was producing nothing at 25 p
After consolidation it will be at the same shares level it was 10 years ago difference is that it now making 3 million profit but the price is 3.5p what a strange world.
-- Successful Placing to raise additional gross proceeds of GBP4.26 million (US$6 million) through the further issue of 1,216,599,935 ordinary shares at a price of 0.35p each ("Placing Shares").
-- Aggregate gross proceeds of GBP6.9 million (US$9.75 million) from Open Offer and Placing.
"Beg to differ...not true especially with cos that routinely dilute and on AIM..it’s more about the MC than SP.. You can have larger MC via share dilution and lower SP v asset dilution which tends to create larger MC based on higher SP."
Not correct if assets have been undervalued, but value can realised through available funding for development which outweighs any dilution.
https://oilprice.com/Energy/Crude-Oil/The-IEA-May-Have-Given-OPEC-A-Huge-Gift.amp.html
theres uraguay in the bin
“...potential, will determine the share price, rather than the number of shares in issue.”
——
Beg to differ...not true especially with cos that routinely dilute and on AIM..it’s more about the MC than SP.. You can have larger MC via share dilution and lower SP v asset dilution which tends to create larger MC based on higher SP.
Saffron-2 rigging up and communication channels installed ready for the weekend #saffron2 #Trinidad #BPC #oilandgas
https://twitter.com/BPCplc/status/1395304781795762178
All I said was, don’t believe anything you read on this board without checking it yourself. What does that tell you?
And mine. And I didn’t mention any of the helmets by name :)
The difference between the 'old' BPC and the new BPC is, the new BPC will have assets of value that can be developed and deliver revenue. How much revenue and to what extent the assets have value depends on the discovery of oil and increase in production and 2P reserves and the oil price, aswell as the funds available to generate the income. It's different from exploration in the Bahamas. Whether the market thinks the current Mcap of £18m is over valued or undervalued in relation to oil discovered, 2P reserves, production and the finance available and forward potential, will determine the share price, rather than the number of shares in issue.
Thanks LayLadyLay, so no drilling for the next 3 months in T&T?
In the event it presents a cheap gamble
My post taken down as well and certainly wasn’t ramping. On the contrary just pointing out my view. From memory, few key words/phrases used:
30% dilution (any success at Saffron sold into to clear the extra shares)
Poor management or orchestrated to allow major to buy in licences at low price (remember BPC invested well over $120m).
Changing drill spot ‘at last minute’
PI shafted...
AIM game.
Stay well people!
Willec why you here ramping you don’t own shares I’ve called you out on this many of times
If it has put you off why are you here?
Opaque funding and vague explanations have put me right off
2009 100 million shares
2018 4 billion shares
2021,dilute at ten to one
keep a good story going
rinse and repeat
i have never thought or spoke bad of bpc,but is the present going to be
rinse and repeat the past
certainly looks that way to me
Lol, 8 posts remaining out of 38 today, must be a record.
Yeah atleast 10 posts been took down already today
That just proves even more that there rampers because they can’t argue with facts just get everyone’s posts removed so only there voices get heard but now when they post I’m going to fight fire with fire and report there’s untill it’s taken down
Gone, countless posts that mention Star or his side kicks just disappear like magic on here
I’ll be there.
Ziquarat,
You could have said that in 3 words-
It is fxxxed.
THIS, is now one of a few shares i own, that will be confined to the bottomr drawer for a few years.
I expect the shares to be futher watered down over time as the BoD fight to keep their wages and convince other investors to part with their hard earned.
Ultimately, we now have new shares at 0.35, that would make the owners of these shares a 100% profit, if they ever reach 0.7 and THAT, pretty much means that these shares will not go above 0.7 for a considerable time, if ever!
Confine these shares to the bottom drawer and come back in a few years time and see if is still breathing!
You are welcome Linton.
BPC Survivors Debriefing 1700 GMT 3 June 2021
The Grenadier, 18 Wilton Row SW1X 7NR
Admit nothing.
Deny everything.
Make counter accusations.
Above all, Stay frosty.