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Hi Coldspy, I don’t get it, how will legal action help?
This is big crooked money at play, the director’s know what they are doing, they must of pulled this scam off a few times by now.
The assets in this company are worth more then the debt, this crooked bod planned this all along.
Imho DYOR
Poor investor I think you're confused about Justice2u
You should also join the group
Justice2u, how much are you making? What are your charges? Or are you working for the goodness of humanity like Bebeto and Sham?
To get some weight behind legal action if you are interested to join the group, Dave will add you in. 0 7 no space 9 no space 7 9 4 1 7 2 7 6
Why did you leave the tap half closed after drilling it
Who signed off on it
Which Directors arrived on the helicopter to do so
Well that's applicable then
As i stated before i am in this industry and drilled H2.
So yes i do know people. I am just stating that if this was getting turned around why are the technical team already off to new projects.
All i am saying is we have seen this before with people thinking they are going to take legal action/advice at more cost and for what. In the grand scheme of things we are know one.
I lost money here also, but sometimes you have to accept things happen, i also agree they grabbed defeat from some good assets.
Haha Cjm83
Of course you know 2 employees of the company.
As you said yourself don't believe anyone on these chat sites [you actually said sights]
You are correct in the fact this is finished as they are in administration so pretty final and there will be NO return for shareholders as there never is
Well i know two technical IOG employees who start new jobs today. So this in my opinion is done and they did not just walk into a job. So just enough staff to over see the Admin i guess.
Actually I think you're both right to an extent.
IOG plc's current plan involves leaving the existing debt burden with the parent company, IOG PLC, and potentially seeking a cash injection from creditors or other sources to restructure the viable assets.
Shafting shareholders in the process.
If these assets can't generate enough profits to pay off debt then these are worthless. Three well are shut and one which is producing is has lost over 40% of production in three months. Time will tell but it is game over for shareholders in my opinion.
"These assets are worthless right now"
How can their assets be worthless??
Shareholders might get no money but their assets are what they are. Just their pipelines infrastructure is worth millions??
Where did you get 110 million of assets from poorinvester, as you have got to be daft to pay 110 million for these assets. These assets are worthless right now. As far as far as rest of rampers are concerned they were daft enough to buy these and kept on sprouting Bs to lure others in.
It's Eejit.
An Eegit is a git in Yorkshire.
0 7 9 7 9 4 1 7 2 7 6
I have typed these numbers into the search box of WhatsApp, but no success
Very weird there's still people on here more or less saying I told you so. Congratulations from me, an eegit. Have you really nothing better to do with your time? I'm just interested in the pychology of you that's why I comment.
Bebeto are you Pentacost Templeton by any chance?
Why you here greg25 ?
Delusional to think you'll get any return now. Had to be deluded Eegits to buy it.
Far from it the only realistic options were debt for equity or administration and ultimately that's the case.
From next week LOG's loan notes potentially become payable via a cross default. As they're also a shareholder facing administration it's a certainty they'll call this loan in at some point.
@Pacman121, If this is saved some how, the folks that have bought this under 3p, will do many bags on end of suspension. Worth the risk for the new investors, in my opinion.
No one can buy or sell now, let's see what happens. boom or bust lol.
You were wrong on that one tho, hence the post after the fact. Bit of a daft comment there Beb but we all know you like to provoke. Looks like most are on the WhatsApp chat now so you and Sham can keep shaking each other off on here talking to yourselves :D You should try taking Sunday's off, would be good for you (and everyone else).