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Jonjo you cretin you are not a holder of xel shares so jog on you are vulture waiting to pick at bones day trading parasite that's all you are
Let me be plain Overman you are a whining pensioner who has blown his cash who has ramped this share to the detriment of many others who now seeks solace by trying to be the champion of bringing down the BOD in a Personal crusade. You have zero credibility and nobody cares a fig for what you think or say. Telling me and many others you ask to jog who were and still are the voice of reason on this share is pathetic as you are a manipulative nasty little man who has no shame and very little concept of right and wrong. Post all you like but realise this, as for research you have contributed nothing, your comments bring nothing to any conversation and as reasoned debate you are a complete plank !! For the first time ever I can sadly say you inspire nothing and contribute even less or to be plain you are a complete and utter Numptie
If this is going to be a total wipe out for shareholders, the negative publicity concerning the manipulation of the public could be enormous. Listen to us only, got to be the ace in a court room.
I still wonder if OGA have said to both xel and bond holders you need to come up with a better offer for shareholders.....
Jonjo you are complete idiot do you think I'm going to let Cole get away with another 10 mill please jog on you are a waste of space you educated idiot
Overman you accused me of trying to tell people to vote yes now you are telling people to vote no, I see you are now castigating CC the next thing will be your usual rant on Karma - go and have a look in your mirror buddy because Karma is coming to get you - lol
When does Kraken come on?
Here here. Carla has zero credibility, why on earth would you want to associate with them LEGENDS? I happened to notice a while back she claimed a friend's relatively large (unfortunately for him) share purchase as one her own. If it wasn't already clear enough (s)he is a lying hellhound.
https://www.ogauthority.co.uk/news-publications/publications/2016/oil-and-gas-authority-overview-2016/ So Quad 9 Gas Blowdown penciled in for Q1 2017 with a low impact. And now we get to the biggy. Quad 9 Heavy Oil is now showing Q2 2017 with a near significant impact. Something is afoot here. Bentley and Bressay are a major part of the QUAD 9 planned hub. So what the hell is going on, why the radio silence????? Bentley and Xcite are the only field and company to comply with the OGAs MER as of yet. It would have been nice to get invited- https://www.ogauthority.co.uk/news-publications/announcements/2016/oga-and-eeegr-launch-sns-rejuvenation-group/
Cyan I replied xel is doomed we all know that Cole is not going to get away with 10 mill vote no no no he has ruined 2 generations share holders and there grandchildren
Good afternoon LEGENDS. Carla1 is a serial market abuser. Did you notice how he deleted a load of his recent XEL posts?
Cyan. Carla is missing you on ADVFN.
" stop posting the obvious" I was asked two questions; I replied.
Mr cyan we have already lost everything stop posting the obvious and stop rubbing salt in the wounds jog on please I will be voting no why are the BH giving Cole 10 mill is that his brown envelope no way he get nothing like the rest of us swindled share holders
Good afternoon beanpole Why am I here? I started posting here after I became aware of what I considered criminal market abuse by persons facilitating the dumping of XEL shares. Let reasoned argument and true facts prevail to counter the likes of those false 'buy' recommendations and planted 'jv' next week rumours. "Why are you suggesting to people a strong sell?" After doing my own research , I came to that logical conclusion.. The companies rns regarding the vote which stated it was "unlikely" there would be anything left for ordinary shareholders if 'no' won gave an indication of their company valuation. Any surplus after BH's were settled could have been distributed to ordinary share holders. As we have numbers for what the BH's are owed it suggested that XEL was 'unlikely' to worth more than £120 million. The implication I also take from their rns is that it follows that will be insufficient to fully re-pay the BH's. How much of a haircut for the BH's is the interesting question. Could be marginal; could be large. Its an obvious sell, imo, because after the enormous dilution of shares, current shares will fall to a new low. Today i see someone paid 1.7754p per share. After the dilution ; that sp implies that XEL will be market valued around £360 Million. I think that is a ridiculous number. You may disagree. However, we must return to the companies own valuation implied in their RNS; sub £120million. If they are anywhere near right the post dilution SP ought to be around 0.5p. However , it remains the buy and sell pressure that ultimately drives the SP. So, in my scenario, the current SP may lose another 1.2p in its price. Remember the other critical risk; if ' no' wins the day and the BH's do not want to re-negotiate ; your will almost certainly lose every penny of your investment as they simply take legal action and BENTLEY is lost.
Share Views - Ferrum Crescent Exec-Chairman Justin Tooth talks on his re-structuring strategy and exciting new projects Why don`t they ask Rupert on the show to talk about Xcite`s restructuring strategy and any `exiting` new projects....lol
Why are you suggesting to people a strong sell? Why are you here?
mm = wide boys BP. 0.01% GENL 0.53% RKH 0.91% JOG 2.61% XEL 30.28%
The latter they had a hit called "Don't go breaking my ....."
Trustets .........are they a hedge fund girl band?
The Trustees of Xcite Energy Resources bond Haakon VII gate 1 N-0161 OSLO 19-Oct-16 Dear Sirs, We, the undersigned investors in Xcite Energy (the “Company”), are writing to you in your capacity as trustees of the Xcite Energy Resources bond. Even though we do not act in an official capacity as representatives of all Xcite Energy shareholders, we have a significant number of private investors backing our initiative to approach you. Under the current capital base restructuring plans, the shares of existing holders will represent a mere 1.5% of expanded share capital to accommodate the debt-for-equity plans. That would be consistent with placing a valuation on the Company of between $150m to $160m. Such proposal is unacceptable to us for the reason that it would massively underestimate the company’s potential in terms of valuation as evidenced by: - independent valuations received in excess of $2bn as detailed in company released information; - oil company comparables including ones that are not yet oil-producers (examples can be presented and discussed). Please be assured, on the basis of the evidence seen to-date, that we feel confident that the stake owned by investors opposed to the restructuring plans, as outlined in the RNS dated September 27th 2016, is sufficient to block them by means of a “No” vote. Such an outcome would put the Company into receivership and lead to a forced sale with unpredictable consequences for the stakeholders. Ultimately, we would like to have the opportunity to discuss with the main bondholders the following two inter-related topics: 1. A major modification of the debt-for-equity plan that is being proposed into one that would have a much higher probability of being acceptable to a sufficient number of existing shareholders; 2. Alternative ways of maximising the value from the Bentley field to the benefit of all stakeholders. We look forward to your reply and would appreciate your response within 7 days from receipt. Kind regards, "
Thanks to Michaelhighbar The letter went out yesterday late afternoon, by email, after having considered the very encouraging levels of XEL stakes owned, in aggregate, by investors who emailed me in support of the draft letter to the bond trustee as well as the PBB stake. Some allowance has been made for a small overlap between the two. It is worth noting as it is good news, that a portion of investors who came out of the woodwork to send an email are not even registered members of iii. Numerous supportive emails -around 200- have been received in favour of the letter to the bond trustee and one of my favourites was one that went along the lines "I own X number of shares through 3 accounts. NO NO NO" It is good to have gathered some decent levels of firing power ahead of a restructuring proposal. It may arrive any time now or we may see an amended proposal, hopefully in our favour. Final version of the letter here below:
Thats 1 out of your 150 targets for next 10 days. Keep it up. You said " I did post else where" Yeah you did - xel 151 post last 30 days and ser 7 post last 20 days thats all. Good luck
Wow 5 posts a day OMG! It is natural to want ones shares to go up all the time. As you have found with FITB , RRR & XEL the reality can be expensively different. Yes, I did some research into your posting history. If you had properly researched my posting history you will note I did post elsewhere. Research is critical to making sound investments and, perhaps getting out , cutting ones losses before situations deteriorate further. Your posting history appears to be all about be-moaning your enormous losses and asking other posters why they are posting negative things. Rather than criticize the posters; analyse their posts , assess the content and maybe learn something you did not know. Sometimes these critics may have something valid to say that might save you money. I will post as I please and if someone asks a question I will politely reply. I am not counting posts.
I am a share holder here. Im not saying you cant discuss anybthing here. Of course this is discussion open for any one but its dosent look right when some one who is a non share holder spend most of the day in this board discuss about this share (149 post last 30 day thats almost 5 post every single day) and funny enough no any other post what so ever about other shares. Its all yours Cyan try and post another 150 posts in next 10 days. Good luck