Member Info for Avi8r

Good to see BLOE has enjoyed a 40% rise over the last 10 days.

An interesting article from Piscator on BLOE forum overnight, highlighting China National Petroleum Corporation (CNPC) interest in the Georgian area, where FRR have similar interests. What is of particular interest is a photo of Paul Haywood (CEO BLOE) standing next to the CNPC senior management at their Georgian well site (https://www.lse.co.uk/rns/BLOE/corporate-update-8ranmm53ivuczfl.html), suggesting negotiations are at an advanced stage. For BLOE holders this suggests a much needed share price increase, potentially well beyond those highs last experienced, since 18th December, having experienced a 41% share-price increase.

Should that all come together and perform as potentially possible, the parallel developments here could just coincide with those allowing a welcome, return of FRR to a potentially large market, which has always been available. The possibilities are further interesting, given that if CNPC is prepared to invest it creates a market for other organisations to head into the area increasing competition. accordingly.

Lets hope that Georgia's politics continues to remain more Western focussed (particularly in the light of Ukraine), added to Montiburns comment dated 22 Dec and the reply from FRR to JimSlade (18 Dec) dispensing a "few outstanding matters, while continuing to advance interests in Georgia", combined with the above gathers pace in 2024 and we can all enjoy a healthy return to market and recovery of investments.

It does all seem to be coming together, the ONLY thing we dont know here is the timescales required to resolve a 'few outstanding matters' and a return to market.

We sit and wait, but it seems BLOE may well now be leading the way.

"When a company is delisted from the public markets or trading in that stock is halted by the listing exchange, traders may be unable to cover their short positions because the stock no longer trades. However, the original loan to the borrower is still on record, and can only be closed after shares are cancelled and DTC removes all positions in the shares from participants' accounts or, in the case of a trading halt, the halt is lifted. That process can take anywhere from a few days to months or even longer.

In the meantime, the borrower may continue to have to pay Hard-To-Borrow fees on the collateral market value based on the closing price of the last trading day. The minimum mark is £1 per share but can be much higher, depending on how and when the delisting or trading halt occurred."

Always good to quote the source. In this case https://www.ibkrguides.com/kb/article-2880.htm. Interactive Brokers LLC

A member NYSE - FINRA - SIPC and regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission.

Headquarters: Two Pickwick Plaza, Greenwich, CT 06830, USA

I think its replaced the 'T' with an 'X'

Https://thewest.com.au/business/boards/peter-landau-former-high-flyer-jailed-for-at-least-44-months-over-continental-coal-citation-resources-crimes-c-12832326

Former top Perth lawyer and globe-trotting promoter Peter Landau has been sentenced to potentially more than five years in jail for a $2.2 million spree of thefts and cover-ups.

The WA Supreme Court judge said offences of the kinds Landau had admitted committing between 2015 and 2016 had the potential to undermine confidence in Australia’s financial markets.

“You stole from a company of which you were a director,” Justice McGrath said. “Anyone considering such acts must know the consequences.”

The judge made the comments ahead of imposing a head sentence of five years and two months on five WA stealing offences and one count of forging a bank statement.

Https://www.bioenergy-news.com/wp-content/uploads/2021/09/David-Palumbo-CEO-EQTEC-plc-768x649.jpg

A face to be trusted????

Thank you Looed - as always succinct and well explained.

Very many thanks to you.

Thank you for taking time to reply @Looed. Down to 5 cases then, 1 of which will be “extinguished”, so really only 4 to worry about.

Worrying that FIC v SN AND FRCC bankruptcy are not scheduled for almost a year, but given the GOGC involvement maybe we can hope of an early settlement, 9 months to go there though.

YA II v FRC – no end date

FRC v YA II – No action since the Original Petition; again open ended and no end date in sight.

Hopefully FRR's plan to draw everything to a close is genuine, they have 9 months it seems. Lets see how genuine they are.

How many cases remain unresolved?

"Website updates are effectively useless at this point, lost all trust in them."

Indeed - seems the site is down yet again. The cloudtag website spends more time offline than on, a good indication of poor management. Most websites have CMS so there is no excuse for it to go down so often, unless its on a cheap server...

"t’s all about getting in at the right time and getting out on the spike. I’m fortunate and I hope my story gives a sense of optimism.

I bought this is 1.1p and watched £50k drop to £6k losing 90% value in 12 months but held out and bought more pls don’t ask me why.I just had a feeling and Trump helped the green revolution with stocks rocketing an i was holding over tens of million of shares plus from 0.0.8p it went to 3.3p by 2021 within afew months.

Existing at £360k in March 2021 at an average of 2.8p and buying 88e for a 1000% increase in April. It was a redit hype stock.

Always have an exit in mind and excute it. Don’t be the one carry a s£&t story around leave it to someone else.

Wishing you all well and hoping this swings but I can’t see why It would begin this only rose on hype and nothing else along with the whole sector.

This is AIM not investing. Don’t confuse the two. But on hype sell on the spike."

Of course you did yet since you joined in 2015 you conveniently forgot to tell anyone. Throughout the whole of 2021 this share never went above 2.7p Go away singh and stop gloating. Pathetic.

1984Investor: "I only “lost” 23k, which is about a months earnings for me, I can easily afford it."

So you earn circa £500k per annum and feel the need to invest a months salary here?

Dulwich - given the spelling in that last missive, it seems you drank the port beforehand!

Thank you for the prompt reply and that now does add some serious credibility to these claims.

Hopefully this board will see some calm restored now.

To add some credibility to these assertions it would help if those in receipt of correspondence from HL would take appropriately edited [redacted] screenshots via such free hosting image websites.

Whilst its likely being done in the best interests of those posting, there will always be those doubting Thomas' among us who will do everything to undermine that. Its only natural, but the more evidence provided to support these communications and, ultimately payments, the less annoying this forum will become as the attention seekers move on to alternative places to peddle their nonsense.

"It's a good strategy if you believe in a company."

And therein lies the problem, whether you believe or not. Currently they do nothing to really encourage that belief, but a corner has certainly been turned and improvements are slowly coming. I'm happy to sit that out too and look forward to seeing the price improve.

Investing £50k in National Savings will return £250/month and I don't lose money buying/selling in trading fees.

"That's a very stupid post ..with NO foundation whatsoever. PH has NO say in keeping the share price low or high ...that's upto the market. I bought a further 300k this morning as promised... others do the same and that will move the share price ......GLA"

Thats a very naive attitude. Simply buying loads of shares will not necessarily move the price up, unless there is rationale for buying of those shares. For example, the organisation has achieved, or announced something which will make those shares valuable and attractive. Only then will demand increase and in turn drive the price higher.

All you are achieving is creating a further loss to yourself as you cannot sell those shares at the price you paid. But I do admire your confidence in the company delivering on your [long term] investment.

Patience is required here, but you will have a long wait to recover your 300k investment.

"We will surely get results this week!"

No. We will surely get results when they are officially released. Until then, sit back and relax, nothing is changing apart from the vitriol from the resident troll who appears to be getting more desperate by the day.

Given the statement “return to operations” coupled with $3.5m+ plus costs, and reputational damage it would be best to settle this judgement and move on. The war in Ukraine and developing tensions in Israel suggest a 3rd inflation wave, so there is an opportunity here to expedite that “return to operations”, reverse any reputational damage and recover the $3.5m+ plus costs. Otherwise its just going to drag on indefinitely and any returns lost.

If the figures quoted on recoverable oil were genuine, then this whole sorry saga can be put behind rapidly. Lets hope the return to operations comment is sincere and we see some action soon.

If YAPN have committed fraud in UK jurisdiction they will have bigger things to worry about than bringing a similar claim in the US legal system. I'm no legal expert, but suspect there are not many differences in proving fraud, which in law I understand is difficult to establish, furthermore no lawyer would knowingly and actively defend illegal activities, seems YAPN are in a difficult position.

Question remains how soon will matters be resolved, but clearly, revealing this now is prudent. Interested to see if this will actually go the [legal] distance.

Whats next?