Member Info for Bebeto

This will be an even bigger bargain at 0.2p after the debt equity swap!

Yeah this is going to the moon.. button moon :)

The biggest point of concern for all stakeholders is the decline of 6 million standard cubic feet per day in just over a fortnight.

Dilution looks to be inevitable but if that rate of decline continues for the next fortnight then it probably will be adminstration.

Hence the delay IMO

If they manage to get the debt equity swap and it's a big if as the well is declining. The SP will be around 0.2p through the dilution.

It's getting disgusting now trying to ramp people into this situation.

More and more traders are also being trapped in here. It's sad to see the blind faith invested in rampers.

Welcome to AIM.

Now Any bondholder can now call in the debt not just the 72% they've been negotiating with via trustee

Looks like a few of the usual twitter suspects are going to get trapped also if they haven't made their 3%

Quite, simply they owe out more money than they hold and the revenue being generated not only can't pay the existing debts it's also shrinking.

The company is in serious financial difficulty and IF the bondholders do agree, it will be a debt for equity swap or administration.

Current shareholders probably facing around 8X dilution.

The problem is centered around the production,the lower production the royalties increase over 20% giving IOG less revenue.

There's been a 18.5% reduction in production in just over a fortnight and it's touch and go whether the company can generate enough revenues to pay what they already owe (including capex).

They've brought in a debt refinancing company to assist but convincing the bondholders to extend the waiver is proving difficult.

Oh dear this is going to end in tears anyone believing the BS!

There's been a 18.5% decline in production from Blythe H2 in just over a fortnight.

That's probably knocked bondholder's confidence in any negotiation.

See how many more get trapped in here today!

Unauthorized default and no agreement with bondholders (creditors ). It could suspend at any time from tomorrow.. some rampers are really clueless...

This could be suspended premarket tomorrow !

Who's going to left holding the baby?

There may well be another bondholder vote before anything is resolved.

Biggest holders are usually biggest shorters covering their losses.

A lot of new investors will get ramped into something like this and just remember those names that ramp because this is going to end in tears for the majority buying before the bonds are sorted.

Doubtful whether the future production will cover the coupon payments now.

All going to end in tears for a lot them unfortunately.

It won't go into administration, the company has set the ground for a debt equity swap whereby it's only current shareholders will be worst affected but better than losing everything by going into administration.

Odds on massive dilution inbound.

Paid