indeed dat right all hullabaloo bill not passd yet as far as Nigeria laws dey concerned, di bill no go still be law until di president use im biro sign alias accent wetin di parliament don approve.
will president find biro soon he bin lookin for 20 year so far so hope so.
indeed observers say its approval is essential to attracting a shrinking pool of capital for fossil fuel development.
let hope it dont get delayed for nother 20 year. this is Nigeria we talkin bout after all.
and it only be dun now because no one want stinky oil anymore.
no good bolting gate after horse has run away.
Leaders agreed earlier this year to sweeten the terms for oil companies in an effort to attract much-needed investment in an era of shrinking global cash for fossil fuel production.
thea. i so glad you see it as patronising aswell as me. i cut and paste it from alrics post from sat at 6.09. it was just mesage talking to alrik with his own words. sorry if it any offence to you. that not ment at all. and i did say thank you but not with exact words for you simple explunashun you just spoil it with 2bit comment.
gess we see you a lot here now soon as we wait for getting back to busines. last time shares suspended for about 5 or 6 month at least. then there was no deal done. wonder what happen this time. are you ok with be stuck with your capital held up for that long if it happen.
good luck thea
mr anulyzer i thought for moment you give me civilized response but hey ho you prove no good with need resort to 2bit insult.
thank for your simple explunashun all same. was best so far just let down by 2bit.
and a quick lesson in issuing shares for the kindergarten class:
Assume a small business has 10 shareholders and that each shareholder owns one share, or 10%, of the company. If investors receive voting rights for company decisions based on share ownership, then each one would have 10% control.
Suppose the company then issues 10 new shares and a single investor buys them all. There are now 20 total shares outstanding and the new investor owns 50% of the company. Meanwhile, each original investor now owns just 5% of the company—one share out of 20 outstanding—because their ownership has been diluted by the new shares.
hope this help you al
it actulky tell you in the rns that more share be issued. tell me that is not share dilution.
note well alrik and look see the words in rns saying issuance of a substantial number of new ordinary shares in San Leon
ps matin hughs will do anythink to make money in long term. dilution now to make monies for himself nex year is his plan he dont cared about you alrik and sam.
this cumpuny not far off private now anyway not many normal shareholds most hold by tosca. just traders in and out now.
i just asking thank for reply but i do reserch on rto thing like this and it said it happuns. look see for yourself.
This process can also lead to new shares being issued for the incoming private company. This leads to share dilution, which can decrease existing shareholders' ownership and value in the company.
Any transaction would involve San Leon acquiring the outstanding shares not already owned by San Leon from Midwestern Leon Petroleum Limited (MLPL), which it would pay for by issuing shares to MLPL to the extent that MLPL would end up as San Leon’s majority shareholder
dont hold breath crispy. last time shares suspended for months and months and months no shareholder could get any of monies out. then the red lion announce that merger not happen.
the red lion always full of promis but most follow by dissupointment. but this cause up and down price and is great for profeshunal tradurs. this take me a year or two to cotton on.
now im in the monies. lol
infurmation is there for evryone. it called histury of the red lion.
San Leon, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, received an indicative proposal from Midwestern Oil and Gas ("Midwestern") on 11 September 2017 for San Leon to acquire Midwestern's shares in Midwestern Leon Petroleum Limited ("MLPL"). Such an acquisition could have constituted a reverse takeover under AIM Rules for Companies (the "AIM Rules") and accordingly, following press speculation on 03 November 2017 concerning these discussions, the Company's ordinary shares ("Shares") were suspended from trading.
thanking the hevuns for stopping losses systems.
thank you mr sam for noting i get it right so often. pleze point this out to mr alrik, lol.
it just history repete it self the same game get plade evry cupple years. grate for traders i learn from expert posters here.