The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Calm down deary...you know your a fraud & have been found out as usual trying to claim that your 'In the know ' but as usual your a has been , wanna be. You should follow your Idol Cole's behaviour & hide away ,after all years of great advice you gave here...now you have done a 90 degree about turn & are indignant that people dont quite swallow your ego driven nonsense. admit it, you have never held any XEL shares, awhile back you became confused how many shres you did hold & at the amount you paid Lol
Still clinging on.
jonjo: Are you his boyfriend? I take it he can't post a reply at the moment due to the position you have put him in.....
Legend - Toxic has not made a fool of himself he has been 100% right and you as a complete Ramper which rimes with the other view I have of you, have been 100% wrong - apologise mate and man up for the cr4p you have and continue to post !!
There you go again toxictit, making a complete fool of yourself. He posted info from this dated the 9th- http://www.fticonsulting-emea.com/~/media/Files/emea--files/creditors-portal/cip-emea-public/xcite/xcite-energy-letter-to-shareholders.pdf I posted this just released- http://www.fticonsulting-emea.com/~/media/Files/emea--files/creditors-portal/cip-emea-public/xcite/xcite-energy-section-226-report-16-january-2017.pdf So there you have it, not second hand news as you wrongly put it. Toxic by name ToxicTit by nature.
Its the 19th today & Jonjo posted this on the 10th...so yes your posting 2nd hand news ...again. jonjo Posts: 5,619 Off Topic Opinion: No Opinion Price: 1.575 View Thread (2)Shut the door switch off the light10 Jan '17Well there you have it: The Joint Liquidators have now concluded their review of offers received to date for the shares held by XEL in Xcite Energy Resources plc (the “Shares”). To date, the M&A process has resulted in four offers for the Shares. Due to commercial sensitivity we cannot provide full details on these offers, the terms and proposed transaction structures of which varied. However, we can confirm that: none of them would result in a return of any value to shareholders based on the values of the offers; and secured creditor consent would be required to complete a sale pursuant to any of the offers. Having reviewed the bids received and consulted with secured creditors, we can now confirm that the Joint Liquidators are in advanced negotiations with a party to conclude a transaction. This transaction will not result in a return of any value to shareholders. So much for the protestations of the - we will see something back because this company and its assets are so valuable - Mob. Legends - You know NOTHING and as for the rest of the ramping mob it just goes to show that the much Lauded knowledgeable oil investors you ramped the hell out of this share know nothing at all either!! To the rest and the few that had the decency and courage to stand up against these morons well done to you - bit of a Pyrrhic victory as being right does not always mean that is a good thing but hey ho. Good luck to all of you that invested here and I hope you all get your money back in other more successful investments - and to the rest of the scammers ..............! Oh and the ones that thought forcing the secured creditors not to do a deal and offer up a 5% holding for the other shareholders - Well Done ! Numpties !!
Okay own up, who is due that $3 credit?
Toxic: since you stated I no longer had my finger on the pulse- http://www.fticonsulting-emea.com/~/media/Files/emea--files/creditors-portal/cip-emea-public/xcite/xcite-energy-section-226-report-16-january-2017.pdf
MissAnthrope: Lowest share price was in January 2009- 3.5p. So way off by 1.5p. Also, let us not forget DECC/OGA, they were/are a major player in all this debacle. If I had any money left I would bet that the Chinese are all over Bentley, and a deal (later this year) will be struck between Statoil and the Chinese to develop Bentley/Bressay together.
2p in 2011? I don't think so and therefore with that misinformation it's impossible to concur. The reason the SP dropped was the fiasco with the reserves figures after the flow test and institutions dropping out. The reason why the company failed was an ineffectual board, too many non exec, not enough direction and a chief exec that was clearly out of his depth.
I have to concur with Missy..as much as it smarts...
Amazing with the stock percentage they held/hold there has not been a peep out of them or show up and castigate the dunderheads running the company re the end product of their investment.
They could start with the rampers in XER management.
Yes, they should have assessed the data requirement at the time of the ON and not offhired the rig until clearance to that effect from DECC. Yet they still went ahead with the RN oontract without FDP, l/term funding in place, partner or anything. Cowboys.
Agreed, hard to call when the BOD spew lie after lie.
Not sure how I missed it when it came our originally but I think it's probably the only time I have seen someone come out and say it like it is As he wryly said it gave them and others a chance to blame something else - I think though that it only works if you ignore the rest. I had hoped that the quality of the asset would get them over the line in spite of rather than because of them but that's when I do think the POO hit and by then the insurmountable hurdle for a depreciated asset was the size of the debt. I don't agree though that we should just castigate ourselves. A certain amount of trust/belief goes into every investment you make regardless.
'His most telling comment is that the downside in oil and gas allowed them to make a graceful exit. i.e it gives them a handy excuse to sweep any other failings underneath the POO.' Even so its pretty damning of the Bods performance , or lack of...
An O&G analyst with 15 years experience agrees This is well worth a listen, I hadn't heard this before - I think he outlines it as it really is. 4.29 onwards. http://www.proactiveinvestors.co.uk/companies/stocktube/6001/wh-irelands-brendan-long-talks-hurricane-energy-parkmead-jersey-oil-gas-and-xcite-6001.html They broke the cardinal E&P rule Explore via equity Produce with debt They broke another Don't ****h off your Institutional Investors when the quality II's walk away the only replacements you will find will just be seeking to rip your heads off before you try and turn them over. His most telling comment is that the downside in oil and gas allowed them to make a graceful exit. i.e it gives them a handy excuse to sweep any other failings underneath the POO. IMO although the EWT was a success being required was the start of the rot. They could possibly have got around the disappointment re the reserves and sorted that out later as the EPS would have done the job. That was truly the first time that Rupert took on a financial commitment (Rowan Norway) without the means to pay for it - production licence. The bond just followed the WF loan but each time you are perceived to have screwed up the outfit coming in just apply more punitive terms i.e secured over the asset vs unsecured. Global having it written into the agreement that they can short - priors theoretically prohibited
Why would you want to aggravate any one or play them like anything
"Make unsecured loans into secured loans without consulting shareholders Tell all Shareholders the Secured loan would be paid & the FDP would be sorted within the laons timeline" Perfectly correct Toxic. As soon as he did that he put the company at risk. Did he need to? Who benefited? Certainly not the shareholder.
Ha Ha I dont take it personally troll, I maybe angry at XEL's Bod but at least I am not angry at the world you silly little man. What sort of individual comes on a BB of a distressed Oil company & attempts to lecture the shareholders about how they should have managed their investments...you have a serious mental issue ...thank you for showing your true colours Troll!
HB I think Esousa/Socious /Weiss are extremely happy with the Cole in both his positions as CFO & CEO, they benefited very well from his arrogance & inability .
Sure Esousa are suitably grateful to xel bod the balance available was not taken up, would have left them with more worthless stock.
check the liquidators posts, about sums it up, we have the guys that screwed the whole show up appointed to dispose of the garbage they created. Go figure, beggars belief.
Just looked on the website and written an email to the company asking what is happening here. Has the company been wound up and have we lost everything?