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I got done on NNN, the pumpers lured me in and a few days later they went through, just after they took their money out, suspicious right. I've traded IOG from the 6p days until the recent well depreciation and financial news and after that it was a case of de ja vu. Rampers posting utter trash without fact, chatters in denial about the cash position even though it was spelt out explicitly in the multiple recent RNSs, people telling me that a 30 percent month on month depreciation is normal (ye right), a recent pump before a suspension, then the whole let's sue them fiasco, word for word what happened to me at NNN. Just take the hit, listen to yourself, do your own research and remember people have their own agendas on here, you'll be a better trader going into your next dealing.
Bebeto - Give up the ghost, stick a fork in it, the stock is dead, deadstock. You can pray and hope, stranger things have happened, but there's no coming back from here, it's over. Time to move on. Only invest what you can afford to lose, moving forward.
And stop the Bondholders calling in the debt from the default.
You need them interims released to come out of suspension.
Let's wait and see what happens, stranger things have happened at sea.
Knight rider, after thoroughly reading the RNS, it's clear there's been a lot of forward planning to get to this stage and they've covered several basis in the process already.
I've no idea what options are available for shareholders but they are playing catch up with what's gone on.
I feel for the Shareholders. I've been in this position only recently with CINE, lost quite a bit there. No point trying to take action, unfortunately this is the way it goes with PLC. They can go into administartion and the first people to lose is always the shareholders. Secured and unsecured lenders will be the first to be paid out and unfortunately the shareholders get nothing. It's a harsh lesson but that's how it goes when trading stocks and shares. Lesson to learn here is before investing in a company, go over their accounts with a fine toothcomb, check and double check for discrepancies and creative accounting.
Any shareholders interested join the what's app group for action against these cowboys ðŸ¤
What are the odds IOG coming back is there no chance of returning to trading again
I feel for the shareholders, the writing was on the wall for months but it was being pumped by the same old idiots.
September 13th I said;
"I think it is you, the well has a significant monthy drop, licences are not getting extended, the gas prices are low and the cash position is precarious to put it mildly with no sign of things improving."
It's been on the cards from June. Plenty of investors see it but loads chose to ignore it and actually believed people were being paid to deramp here when they were just stating the obvious.
Expensive lesson.
Crikey sounds like they've already done the deal and the shareholders have been royally shafted.
Useful and positive call tonight between some shareholders. Heavily invested and today has been on the cards for a while but rubbish never the less. Realistically done and dusted but when you have nothing to loose then what's the worst that can happen by exploring all options. Keen to try and get some weight behind the conversations so if you are interested to join the group chat message me and I will add you in. 0 7 no space 9 no space 7 9 4 1 7 2 7 6
So sorry to see this news today got drawn into going all in somewhere else has anyone been in touch with the LOG administrators to see if they've got any shares still GLA with the fight back
"We have not found a viable solution that would provide a return to shareholders"
I don't think I received. Please check the number and try again Sainthood
I sent you a txt Coldspy let me know if you received it pls.
Https://www.reuters.com/business/energy/hurricane-energys-top-shareholder-crystal-amber-fund-calls-remove-chairman-2022-12-23/
Removed CEO CFO and others
Let this be a lesson learned NEVER to invest in a crappy little AIM share that has a mountain of debt.
Just out of work - this is nonsense we should call an egm and sack the board (if that's legal) I could sell this company for 50m net after debt FFS
Sorry for those who lost here but what the f@ck did you expect? You have to be thick to invest in such highly indebted companies. Condolences
I sold 90% of my holding for a huge loss a few weeks ago. Kept 10% just in case a miracle occurred! Board did warn of risk of admin. Bottom line. Not enough gas flowing, prices too low and capex spent to get to what gas they have too high...poor/ expensive management along the way = where it is now...
A real shame and losses/ write off for genuine investors...does put you off AIM....not good for overall sentiment....I hope many will have gains elsewhere to set off the loss over time...best wishes all
Surely they must of had the interest payment ffs.. But they don't even need to publish financial data by pulling this stroke.
It's certainly got all the hallmarks of a stitch up.. Bunch of bstrds
Not sure what can be achieved by taking legal action.
The Bondholders can call in the debt straight after the default, this looks like a managed process with the consent of the bondholders.
They have a higher priority than shareholders and considering the huge debt it was always going to be in their favour.
Partial debt equity swap would be the best outcome for shareholders now.