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My apologies for the clumsy terminology - by debt holders I meant we will be diluted to death by means of share issues where so many are in the hands of these finance providers that the standard PI’s holding becomes all but worthless
I hope I’m wrong and really want to see this succeed - can easily see this slipping to 0.5p unless some mega news is released
Have a soft spot for this share and remember the heady days of 40p+
By the time this gets to any meaningful milestone it will be diluted out of existence. Would not be surprised to see a consolidation at some point - there is not appetite to fund this stuff from mainstream lenders - just shark finance at stupid rates
As a glutton for punishment I will buy more below 1p but this could easily go to zero now and end up in the hands of the debt holders
And payment was less that liquidator fees!
Happy - chilled - relaxed ?????
Everyone’s moneys gone and the “team” responsible have yet to be held to account .
I asked a question on the other place re the legal action that is supposedly going to bring “us” millions - who is funding it and who is it on behalf of?
Plus what is the point of suing people for 10’s of millions if they don’t have it?
Or the BoD know the end game is a royal shafting by the KRG who control the whole show and when a deal is done for the assets they want to minimise the number of shareholders who are out to get them- self preservation is the strongest human characteristic - not altruism
Always remember any sale will be negotiated with the KRG and MNR first - they will decide if/when GKP sold - not the BoD
Moribund feline ricochet...the next 12 months are going to be carnage unless they strip out the valuable brands and ring fence them
This is an oil tanker that is heading for the rocks. I am in the industry and there is nothing on the horizon to benefit agents- tenant fee ban, less transactions, punitive tax for landlords etc - so nothing to increase revenues in the short to medium term.
There is value in some of the brands and financial services side - they need to break this up and sell it asap whilst there is still some residual value left. No one can turnaround 500+ branches in this market. Just not possible with the staff turnover and levels of business.
The Shareholders Action Group sent a long letter to the company asking many pertinent questions ( a collected effort which even included the sainted Bob - who then undermined the letter by running to a journalist at the Telegraph despite everyone agreeing not to do this and put the company's back up) - are you honestly trying to say that this letter is the reason for the 99% wipeout? Nothing to do with TK lying about reserves and insider trading? Nothing to do with the $550m of debt the company was saddled with they could not pay back? Nothing to do with the fact our oil is heavy and currently in the middle of the a power struggle in the most corrupt region on the planet? Nothing to do with selling the company for $200m to bond holders. Nothing to do with the capital required to increase falling production. Nothing to do with the fact we have 1 client for the oil who pays a fixed amount and (same) client gets to get bonuses for our production and also "disappear" any costs when it suits them? No -definitely the letter...
Dummy sell at 0.82p on 111,000 shares
Tick up LP 0.8p-0.9p
Results 15th September http://www.ycogroup.com/docs/2010/100901_YCONoticeofResults.pdf
Up again 26p-27p
25p-27p
LP 23.5-25p
23p-23.5p
20p-21.5p
19p-21.5p