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Seems the market is waking up to this con, down it goes again.
NG
there have been many examples over the last decade, from this company, of fantasy story RNS and readers believing it.
Hopefully this will be the final week when the accountants, having known this company has been trading insolvent for many years, finally has the rug pulled from under their feet.
It is shocking how much they have fleeced honest investors.
As you say though some deserved what range have brought……
Some would call it karma
Well he is Pro Purin, a Ukraine war denier, anti vaxxer and general conspiracy theorist who's lost £55k on this shambles.
You reap what you sow.
It wasn’t helped by one of the slickest ramping operations which helped con lots of people out of their hard earned savings.
The cherry on the cake though was one of the most deluded investors of all time believing everything that came out of the CEO’s mouth, I quite liked it when he thought loaning a drug dealer $8m for a Russian pipeline was going to end all hunky dory……..
Some people really only only read what they want to hear……..
Nail, head, hit on the
The sooner this pile of carp is wound up the better, just one in long long list of sham companies on AIM whose sole purpose has been to steal money from investors IMHO
Oh dear the slide continues after the failed ramp.
A week to go before running out of cash according to their own RNS unless their no win no fee service pulls a rabbit out the hat they can't afford.
Strange how Gu also is liked to the same company.
Where can Gu go know he has shot all his bullets, no win no fee litigation, inflated prices for worthless equipment……
Suing governments for millions……
What else is there left …….
And yet the company is still valued at £2m plus ……..how
Tesla1, you are right it's very quiet across all forums. Might have something to do with the demise of one angry little man and his warped view of the world. Contrary to his belief in conspiracy theories everywhere sees him as the problem.
It is remarkably quiet here these days, I hear a full house has been achieved elsewhere……
The cherry on the cake for this remarkable company…..
Why would anyone buy into a company that has no income and pays out $1.5m a year in salaries via cash and shares and the cash runs out in 8 days.
No buys for ages and as soon as it drops someone buys a few. Trying to hold up the SP perhaps? Theres no other reason to buy.
I'd expect to see this fold given it has produced nothing since the current BOD took over.
No doubt all those free shares have been sold now so no more swill in the trough for them.
Looks like the market thinks the company will fold at the end of March judging by the share price.
Will Gu pull a rabbit out of the hat to keep the company going but more importantly his $1m salary
They haven’t got long to secure a court date…..
Looks like Gu and Liu’s gravy train is coming to an end in 11 days…….
Mind you they have RNS’d some classics since the last name change so maybe they will try and pull the wool over readers eyes one last time, if they can get the accountants to sign off the accounts….
That is going to be a tall order though
According to their own RNS they could, it all depends upon a no win no fee court case!
NG
So they could be wound up in 11 days time?
Still no news on claim against LO and in the BOD's words they only have cash to see them to the end of the 1st quarter of 2022. Tick Tock.
No update on the potential sale of their rusty old rigs either or given the energy crisis the dissertation they commissioned for hydrogen production. All lighter than thin air IMHO.
I see the pump to inflate the price didn’t work.
Suspect the large sell yesterday was salary shares sold at a big discount to the bid because no one wants the shares
Maybe use google translate and mention chinese laundry and you might have some success.
Don’t forget to put in your invoice for $100k commission although to be fair you will have done a lot more than Magoo who gets $1m
Ps
I have it on very good authority that they've definitely got one tool left.
Alas he's also rusty in the auld grey matter department.
Tesla
That's a vg point, I doubt they'll be able to get yet another placing away.
That's why I emailed them suggesting a go fund me /just giving page.
MOT
I am not sure they have anything left tool wise that would enable them to produce any hydrocarbons, they have all gone a bit rusty from lack of use……
It's a shame this cash strapped O/G Co give fire phoenix consultancy? north of $100,000k in the hope of finding buisness opportunities .
I'm going to throw this out there!!!
How about producing some oil n gas.