Member Info for ali2k2

I don’t think clayson is a director in one of them companies linked to dangley project but I’m sure he still has some sort of ties to it now. What’s unbelievable and shows he is a useless director and incompetent is that we spend so much money on that asset to accept a minimum of at least 25% stake in it and yet we didn’t even get that deal signed off properly and they disputed giving us anything after spending millions on it for them. What a complete joke. There were so many assests back then and companies happy to give us 100% of there assets for some cash and we can’t even get 25% lol. I mean if all that dillustion money was spent on our 100% asset owned SLM project in Argentina then we would be in a 10x better position now. The business decisions made by some AIM directors here really boggles my mind and they take huge salaries too.

What really annoys me with this company and previous BOD who have actually just shafted previous shareholders is that Cordillera Tiger Gold Resources, Inc are even disputing giving us the 25% stake in dangly after all that time and money and issue of shares done billions of shares done which then resulted in consolidation afterwards to make long term holders stakes worths minimal now and millions £s spent on that project by us to try and get a 50% stake to end up accepting not to take it further for just 25% as agreed before and they dispute giving that to us 25%. Guess what which I believe this to be a total conflict of interest and a scam. One of the directors at cordil tiger is actually our ex director Stephen clayson. I’m gobsmacked Further to the updates announced by the Company on 24 February and 31 March 2017 in relation to the Danglay gold project, having been advised on 31 March 2017 that the board of Cordillera Tiger Gold Resources, Inc. (“CTGR”) had resolved to issue a 25% shareholding in CTGR to ECR, the Company was disappointed to become aware of a legal challenge to the issuance of the shares which has been initiated in the Philippines by Tiger International Resources, Inc. (“TGR”). As a result, ECR has not yet been issued shares in CTGR. ECR is entitled to a 25% interest in CTGR under the Earn-In & Joint Venture Agreement between the Company, CTGR and TGR, and considers TGR’s legal challenge to be without merit.

You seem to have left out the fact the govenment is looking to introduce no charge to tenancy fees for renting on the tenants which is a huge chunk of money to Foxtons as there's is one of the biggest where they charge at least £500 per tenancy. That was one of the biggest reasons why they dropped in share price when that was announced and if that is given the green light by the govenment then they are in big trouble.

Well the only reason I can see people buying when hearing it's going into liquidation is because maybe some investors believe or know that they would still trade as a empty shell company and then have a reverse take over afterwards with a company that wants a AIM listing but don't want to go through the long process of doing it. Reverse take overs of shells are so common now on AIM and they don't mind it. Happened to me when I was in premier gold Resourses PGR and then it got reverse take over from oil company Prospex oil and gas. That's the only reason why I could see people still buying. Not sure it's worth the risk tho as would rather wait and see who reverse takes over first before jumping in but I guess if you take the risk and jump in early then you could make a good return or they might not get the reverse in time and just delist.

Apart from the fact that when it consolidated it dipped way below right afterwards by as much as 50% it's market cap at that time. I don't think you been here before then to realise. Iv been here for 4 years now with over 20k invested and probably one of the highest averages on here at 54p to break even. And this was when I was averaging donw on multiple occasions in this company thinking that was the bottom and then wrong again more then 5x over them years. When it consolidated it should of been around 2p for the people who bought at 0.001p average for them to break even so it's close to that now. Trust me as my friend bought at that price and he is at a loss still. Do your calculations and clearly it has potential to go up from here but anyone who bought pre coinsolidation will be at a loss still unless they averaged down at its low after it happened.

Yeah you like the way it shafted all the long term holders big time here and made our shares that we invested thousands in not even worth more then a hundred pounds.

I need 51p to break even on my 21k invested. WOW that is a rise of nearly 8000% I need just to break even. I think my odds on winning the Euro Millions are better then breaking even with this.

I made this post with that title nearly a year ago now when we were trading around 0.05p average instead of 0.0045p average. I had Timeless the ramper as+++++ post towards me saying no way we are consolidating and I said we will and we will have to and the stupid thing is they waited too long to do it and they shafted us even further. If they done that exact consolidation amount when first discussed then we would of traded around 8p and not 0.8p. My 21K is invested is now worth £350 which is awful and I really know AIM has swindled me big time.

When I first invested my £21k in ECR over 3 years ago I had around a 0.35% stake in the entire share capital which at time was around 2.5 billion shares in issue and now my share capital is 0.035% after this ridiculous constant dilution where only YA Global, MTR and the BOD really profited at the expense of long term shareholders. After this consolidation I have worked out that my stake will be around 0.015% of the entire share capital after investing £21K of my heard earned money and anytime I would get paid I would put it into this instead of my savings account thinking this was a winner. I really had hopes and dreams here and that was more like false exceptions and realizing I had a big gambling problem with AIM shares.

yes 21 thousand pound is now going to be worth around £50

They left it one year too late so now 25 Billion shares is way too much so no point consolidation last year when we had +8 billion shares and traded average around 0.08 and not 0.004. Shaft us long term holders even harder.

Now my £21k invested over 3 years ago because of THEMAC report after the consolidation it will be work less the £50. What an insane joke on me and every long term holder who really believed in this epic swindle.

I wonder what our new ticker would be after name change. I think PPX would be good. But yeah we won't ever make money from this unless we decide to average down unfortunately or best thing to do is to wait for a decent RNS and cut the losses at around 10p I reckon. Anyway I hope we all have better success with the other investments we have made as this one was pretty painful. my £2k is now worth around £150 but I know others may have suffered much worse then this but I am just as angry.

Obelix well what I see now is that they are happy for people to sell there shares at around 3p now but they won't allow anyone to buy within the 3p range and the least you could buy at is 4.5p

What you have said is probably completely true and this happened to me with Heywood Williams Group a few years back to me and I lost alot more money with them as I had alot more invested in that company than in this one and Heywood is now still running with the same directors under a different name called Arran Isle Limited and i look into them now and then and they say they making big profits now which is a complete joke for us shafted investors as we got nothing out of it. These directors are complete criminals and they know they system to do it in a way where its legal. They have taken this company in a backdoor way but they won't be as good as the other company I lost out on as they still got loads to do and no guarantees they will ever get any work done due to the gangs and issues within that country and to mine gold is very expensive. Anyway I am glad that previous BOD f'd off and we have a new BOD which I will give them a chance and see how they do and can't be much worse then the previous BOD (still to many people employed at the start for my liking). However they have a year and that's it before they get delisted so we know and they know there time scale. Lets just wait to see what this new asset they wish to purchase is first and then see how we go from there.

Also the only time I would think of averaging down is if this goes below 3p as then I would be buying it at below value in which Peterhouse Corporate Finance paid around 3.05p for it and that is £1,076,150 (before expenses). If anything I would love for it to drop further first so I can average down at a great price as i would be making hardly any money on it even if it goes up 100s of %.

Well one if it now closes on this price after consolidation our new market cap will be £1.6 million which is more then double our previous market cap. But every previous holder was shafted and I won't be surprised if Peel Hunt cleared all there stock at a huge loss and we won't be getting a holding RNS from them for once lol

What I am angry in seeing at the moment is why did our company employ so many people already and we aint even got an official asset yet? All these top executives are able to take so many salaries from so many different companies which is so not fair but thats how this corrupt system is set up and they know this and can milk it. If your in a BOD you should only be allowed to be it in one company only and be fully focused only in that one company so that you can do well for that company. But these BOD's in AIM are in BOD's for multiple companies and taking so many salaries from other people being able to be BOD's in these companies and they are never fully focused on just one company. This is criminal as they taking opportunities away from others being able to be BOD's of these companies so taking away jobs and not caring if one goes bankrupt as they will just be paid by the others. At present we only need one CEO & Managing Director and one Non-Executive Director but we have three Non-Executive Director at the moment which seems pointless. If we are doing well and adding good assets then fine feel free to add as many Non-Executive Director's as you like as long as the company is adding assets and making money for shareholders . But if aint done f all yet why have four people being employed and taking a salary from a shell company at the moment? http://www.prospexoilandgas.com/

They need to provide us with a new RNS as soon as possible on what assets they will be purchasing with that £1 million they have to spend have this. As the longer they wait the worse its going to get and no one will wait around they would just cut there losses and drive it down lower.

Well Obelix your break even point is much better then mine as I had a 0.10p average and now need the share to his 25p to break even. Its about cutting my loses with this one but I will wait to see what RNS they will come out with next and decide when to sell.