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trellis >>> "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?"
A pension adviser -- other than a crooked one -- would never do such a thing. I will bet you there is not one single investor who has lost life-changing money here who did it on the advice of a reputable advisor.
>>> "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?"
I wouldn't call myself an experienced investor. But I had the good sense to use only money I could afford to lose. I worked thirty years to build up a cash pile. Betting it all on SOU would have been bat**** insane. As it is, I've averaged down using money which leaves me at the outer limits of what I can afford to lose. I can empathise with those who pushed the boat out too far, but at the same time they have to look at their own motivations.
What a strange comment..
not sure if possible to do that , but sound have no quibbles about making themselves a few quid
just thinking about ,why we did not get a tr1 on the new shares ,is it possible (sorry if it has been mentioned) that one of the major holders brought the shares and then sold that amount before hand so they still have the same percentage ,
they made some money selling around 3p and then getting the new ones at the 2p , one theory why no tr1 , just having thoughts ,,, gla
If they are all confident of the deal going through why can’t they all take shares instead of cash? Before they leave.
im sure mr parsons will have a plan to get more free shares somewhere , unless no point
does this mean brian will have more shares in sound than mr parsons , ,,, that is funny considering what went before
come on!
it's not difficult.
if he either knows there is a deal or there is not a deal he can't sell!
no doubt brian will wait till after deal struck to get the best price , so we should not expect him to sell before then .
as the tax year not till april ,so lets see / might be a clue if he does sell before news ...
KTF - instead of, "many, many multiples" we got, "many, many headaches / heartaches."
Instead of, "financial legacies for you and your family", I get to come out of a 6 year retirement having to work again when I should be sat out in Fiji sipping from a fresh coconut. Some LE that was, eh? What a joke!
no company 'looks after your pension'.
I do feel sorry for anyone who has lost big but seriously what goes through someone's head to come up with the decision to invest (gamble) life changing amounts of money on an aim listed gas explorer? ANY gas explorer?
irrespective of why it went wrong it was a crazy thoing to do.
even if it had worked it would still have been a crazy thing to do.
it's the same as mortgaging your house and flying to vegas to put it all on black!
people won't like to hear this but it's down to greed, simple as that.
big wins come at big risk.
if I get hit by a drunk driver whilst laying in the road, sure the drunk driver bears some blame, but so do I, I shouldn't have been lying in the road in the first place. the fact that someone said it was a good idea doesn't absolve me of blame.
as my Mum used to say, if they told you to put your head in the oven, would you!
N4APound has asked me to post the following as an alternate take of JP's Regency pitch:
"History is written by the victors.
And we are here, collectively to create a financial legacy for our families. A legacy for the countries in which we operate. And to make history.
We believe the opportunities presented in the natural resources market are worth £billions and here at regency we have a world class team poised to take advantage of the latest technology available to us in a deal that has been made with the leading subsurface companies around the world.
For 95% of our license areas I have made a deal with Looks Great on the Surface Plc to undertake world class evaluation of the ground using latest technology – they will deploy 40 trucks in convoy, that will decimate the earth, we will use divine rods and copper pots of water with magnets and rain dance techniques to determine where next we will not find any lithium, or cadmium or anything that is worth something, and we will leave no stone unturned to find all non-commercial areas within our asset base.
This technique of adding value, may involve a few cash raises from share issues – but these will be relatively small as time progresses and we will make sure you never find out who snaps up the shares purely because we do not want our investor base to get distracted from how great our technique of adding value is.
Prime example of success is sound energy – we took something on the brink of extinction, hyped it to high heavens to get all manner of people behind us with wads of cash and then got them to ‘invest’.
Several years and share issues later, not to mention many many multiples of bank balances achieved, we created an asset that was ripe for a buyer at a bargain basement price with huge upside potential. A couple of deep dives later we determined where the buyer should not carry out any activities thus making it hugely efficient for them to monetise the asset at a price that makes the future dividend payout ratios incredibly appealing to investors old and new.
We will do the same thing at regency mines and are just waiting for our new cornerstone investor to free their funds from sound energy, at huge profit, to reinvest here at regency. Exciting times ahead.
The Failure"
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!
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?
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 - 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.
good luck.
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!
Fair enough, Partridge. I didn't realise that. I will crawl back under my stone then.