Member Info for Bermondsey

You're right though. Those admin expenses are material and should have a breakdown of costs.

Hi Philpot. Admin expenses are on the high side but that will be all salaries, cost of accountants and lawyers probably the office rent, trips to nigeria it does add up. The cashflows statement will help you see how we spent the money a bit better. 4.5 m on development of the Aje field, capex won't hit the p&l. Also we paid back short term borrowings. Honestly the financial statements are neither here nor there. I wouldn't stew over these, they are in fact fine. No debt! I want our Cpr, flow rates, settlememt with the ogo field.We hold our assets at development cost so you will see our nav per the auditors report is much higher than the share price in the interim accounts. Also P&l is on an accrual rather than cash basis. Hope that helps

It's all you marineville. Although I use the mobile site which is the same as yesterday

Mark has guffed an awful lot in his podcasts. History dictates more guff. If he really has a genuine expectation of works recommencing and has a genuine concern for our share price, then he can convey the message via rns. Until then it's guff.

Bloody tick. Where's our cpr

I suspect he is very much in bed with the Chinese. I keep having to remind myself, what's good for their millions must be good for us.

Max, Thanks for the reply

Star sanctum business is held by a private company, star sanctum limited. Jane is the only director according to companies house. There are no charges associated with the company, so the loan must have been secured by a personal cross guarantee. This is consistent with the rns... My take on the guarantee is that it's probably useless. This is Janes company, so the wonga term raise impacts her return on investment, dividends (eventually) or whatever you want to label it. If she had 100k to launch her own event she would have done so and bagged the extra profit. Nobody takes wonga if they don't need it. So what has she got to sell? No idea, maybe just the house. But you can bet she didn't register a charge on her property for Mark. So maybe it's secured against nothing but a promise to cover the liability in case of default. Good luck on liquidating her assets before our cash runs out. Anyone on Facebook, can you search this lady, see if she has a monied lifestyle?

Max, how do you see a positive in that? Genuine question.

Stefan must have an end play himself. 100k of his own cash at just under a penny. He'll want to see a decent return or his wife will break him apart.

I think it's my fault. Every share I buy turns to shit..

I just called lottie at the foot of the rns. Busy in a meeting. Think I'll ask the nomad to put the boot in.

There is no interest (except in default). Good point red!... BTw I really want that money back. I have little hope :-)

Lol flightman! That's where I should have piled my cash.

It's a disgrace that Mark hasn't informed us yet. He was happy to blow the horn on initial investment. Another rns for the website going live, another to tell us about all the so called stars that have been signed up. I'm sure there were more. Cba to look. Now he's blown the money he's in hiding. Doubt we will see the principal amount back. It they had to get finance at wonga terms there is nothing to secure the loan on. Dead money. Hope he doesn't get back his tkt price.

The two big problems at the moment are 1) short term funding. We need our star sanctum investment back for mere survival of the next 6-8 months. 2) we don't have a clue about the US court process and how this hearing will get our investment back on track. I was always happy to ride the court case out. But now I don't see us getting to the end game. Cue clns in the. 2s.

Lol Dan. Funny but painful

Red. The forum is for discussing our views on the company is it not. Well my view is that Mark shouldn't be trusted with his own house keys, let alone an aim company. It looks like we've lost our short term funding. This has gone to shite. I'll leave you and lucky to unicorn spotting.

Writing is on thee wall here

But the lifts hadn't occurred when the results were released. Was that not a 2017 lift?