you should write the failures of "The Failure" on RGM and NUOG board and highligh how the failure used "investors" to make a furtune for himself not for the share holders.
The day the RNS came out on NUOG and RGM I wrote on those two BB and about the "The failure"s history and try to warn the potential investors, but I was banned straightaway for few days on two occasions.
The investors do not seems to have any rights to raise their concerns in any platform. The so called BOD work for the betterment for themselves not for the shareholders benefit and employ people to monitor this BB and get people banned when ask questions or raise concerns; worst of all , we, shareholders pay their wages, yet do not have any rights to ask about their salaries or contracts etc.
I wrote failed AIM directors or any Directors who failed the share holders/did not deliver promises/ex-company who paid handsomely to themselves but failed the company should not be allowed to become a director of another. Company house/Govt should introduce and implement a robust credit checking/vetting system for the director when they apply abdirextorship for another company. My posts were removed and I got banned here for few days.!
Personally I lost my big Chung of savings/part pension here. I warn others not to invest or buy shares, even for a few days in these type of so-called directors' company.
Like you said, there were many deliberate misleading statements not one or twice, but repeatedly, many promises, and not willing to listen alternative ideas when share holders suggested a differently. We could have sold the company or the assets soon after the hype of discovery of oil. They didn't even consider. Let's not go back.
There were so many "we could have" scenarios. The failure was adamant to drain the company's coffer. It's our money. We pay /paid their wages in £millions. Mismanagement. Misguidance. miss
,miss, miss of everything!
When someone asked the "The failure", why "C4" was created , the answer was "it was life after Sound.
Now, we know where was the money came from to C4 to buy the debt of NUOG!
Looks like we share holders pay their wages for the directors and employees of the company for not delivering for the benefit of the Share holders, but also for them to monitor this board and get the comments removed for telling the truth, and highlighting any misguidance, directors mistake etc.
What all shareholders and investors need to do is start a petition to stop these so called company directors especially on AIM, taking another director position/s in various companies after failing to deliver their promise and destroying one company with high salaries. There was a petition or some kind of call on govt to take action, long time ago. I m not sure what happened then. Its is difficult but govt and regulated bodies like FCA continue to ignore this.
Parsons is a classic example of this.
He lied, deceived and cheated investors, earned millions in the form of unjustified salary and bonus plus free shares and sold it at high after ramping through the roof, then jumped the boat to various other companies like ECHO, CORO, NUOG and REM.
All investors and share holders must get together and call on government to stop these failed directors from taking another position in various companies. Call on govt /Companies House, to bring CV check or similar to Credit reference check on these Directors when they apply .
JP Is a burden not only to SOU but also to ECHO, CORO, NUOG and RGM. He on a mission to steal money from naive share holders who can be bought on his lies , stories and cheats. Unless, Gov step in to properly regulate the AIM. Old pensioners. Young families looking who are looking to invest in stock market, will keep losing money. Many families inheritance , hard earned cash and future will be stolen or taken away by these malicious directors of AIM.
Any stocks /AIM companies that Mr Parsons and His friend Marco involves are massively down. Parsons sell his stories to investories to investors, by calling them "golden tickets , legacy for your family, dreams in the desert etc Fiona Macaulay over exaggerated, the drill results, long time back, SP shooter, Parsons and his crew sold their free shares. SP goes through the roof, they sell their options and free shares! They sit in millions pounds salaries which we share holders pay, and venture in to their new story telling. Thieves! I bought in SOun and echo massively down. Those so called directors should be investigated . The irony is AIM is so corrupted and govt doesn't regulated property. So we share holders get cheated.! Never I buy any more shares or invest in AIM again.
Don't get so excited if you hear these or similar to that effect from Parsons " Hold on to your golden tickets, you are creating a legacy for your family, many many multiples from here, etc"
Watch out when the management dump those options/shares.
Sorry for you holders , genuinely! I don't hold here, but I hold SOU, and ECHO. Massively down ; no hope there as parsons led us in the deep blue sea and left us without a paddle.
I clearly remember Parsons tweets (which have been deleted recently along with his personal profile on twitter @realJParsons ) "to hide the history of his failures ,
sailing with Sound, dreams in the desert" .
he really left is in the desert without water and left us in the deep sea without a paddle.
I won't say good luck but feel sorry.
"The end of the exclusivity deal is not until 14th Feb 2020. That leaves plenty of time in between to conduct an open offer still taking advantage of all the "positivity" from the general election and inbound interest, and also to involve PIs via an open offer."
Trellis, exactly my thoughts.
They had plenty of time to do open offer.
Firsts of all SOU breached the rule by appointing Marco as an acting Chairman as he is the lender of of some 22 odd million pounds. Therefore, he has a conflict of interest. He will definitely make decisions which he can benefit from them and he will not work for the share holder's interest.
Should we not complaint to FCA?
They , Directors, CEOs they don't have any shame in robbing our money. Look at Sound, Echo and Coro, Nuog. They all come to AIM to sell you some story and rob our money. I lost a fortune in Sound and Echo! Shame on you Parsons!. You can keep your "golden tickets" in you vault. We are not fools anymore!
I found Thisbe RNS is completely contradictory
RNS Chairman Marco Fumagalli comments ""On the back of the recent UK election result and following recent inbound interest in our Company, the Board is proposing to take the opportunity to strengthen our capital position via this proposed fundraising, ensuring we maintain strong financial headroom whilst we progress the previously announced prospective transaction. We look forward to updating the market on our progress in due course?.""
It says "following the recent inbound interest in our company"
Then it goes on " whilst we progress the previously announced prospective transaction."
Am I not reading it correctly or are they trying to confuse us?
Or are they making us all fool?
SOU/JP was talking about "LE" for a very long time, more than 2 years. Why did not plan for all the "potential" pay out including CFO, CEO and Chairman? Why did not SOU raise money at 50p- and kept that money aside for the recent leavers package? JP is a master planner for his own wealth but not for the interest of the share holders or the company.
Crude should have asked him when he met JP at Sevenoaks? Now adding further 75 million shares and killing the share price. Who gain here? Only the past and present BOD are the gainers, not the share holders?
Eric you say
"The Company remains well positioned for the second half of 2019 with a 30 June 2019 cash balance of £11.1 million."
Why don't you ask Marco, how did Sou spend £6 plus million in 6 months?
Please do not read the posts 'whom I suspect employed by a dark force' to discourage the SAG.
Please ignore them and carry on your hard work. You have a lot on your plate especially trying to run your own business and look after your parents and dealing with SAG having lost thousands of £ value in this share.
Please don't be discouraged by those 'trolls' who try to discredit you. You have my full support and all other 184 in the group. I hope more will join with us and make the BOD/Chairman to give us proper clarity about this 'deal' before they sign. The BOD has a duty to deliver value to share holders and work for the interest of the share holders. Chairman cannot ignore us by saying just you are only 5%.
If an II holder raised concerns I am sure they will answer all the questions and give more clarity.
I highlighted all the Failures of Parsons in Sound and Echo and his connections with C4 in a detailed long post on the day RNS was announced him as a CEO of RGM. My posts were removed within minutes and got warning from LSE. This tells you who is working with who but not the interests of Private share holders or so called investors. The man sold his 'golden tickets' to pensioners and family with children took £5m salary in 5 years from that company.
Why don't people do some research before they buy any shares in any company or even criticise others who points out the truth?
I think all who signed up for the letter which was sent to Marco, should rally behind you. All we are asking for 'transparency' and better communication. They said they can't reveal until its signed. It may be too late for us. We may not have enough time to vote and not all members may not vote. Its important that we should get answers for that simple open questions. JP left us in the middle of sea, without completing his 'responsibility'.
I do not why he is still there as a paid consultant and how much salary is he getting? £900,000 last year, how much is this year? How much they paid to CFO and the Chairman? Why did they leave abruptly? Marco refuse to answer a single question is really worries me. I fully support you and I think all share holders should rally behind Trellis.
However, the guy sold a lot at the top 90s/80s and paid off his mortgage. He wrote this here, if his posts still should be there unless LSE deleted. He claims that he bought again with his pension. I do not think that he really bought back. He meet JP very often and visits to HO in Sevenoaks which I read from his own posts here. I know its a fact NHS will not allow to take out the whole pension. The maximum one can draw from their pension pot is 25% which is tax free. Any amount after that taxable depending on your personal tax code.