Member Info for Bigbazooka

It only costs £12 to register a company at companies house, plus three pieces of personal information. Any one can do it.
If someone wanted to cast doubt on a line of goods produced by a genuine company then this might be one way to do it.
The identical products to ours, identical pricing and in almost identical packaging is a bit of a give away, though. I can't decide wether this is someones idea of a joke or an attempt to undermine the Zoetic brand and force the share price down further. Being a charitable person I shall assume it's a joke.

Looks like we may be back on the upward trend. A blue finish with any luck.

mac4671,

Read the press releases. They stopped production to put their limited resources into getting the JORC done. That always seems to take an age, but it will eventually be published and we will all then know the value of their asset.

zpzp,

You're wasting your time posting anything sensible on this board. They are just not interested.

The company may not be bankrupt but this bulletin board certainly is.

Dozens of posts of some of the most inane, repetitive drivel known to man.

For goodness sake you lot, get a life.

They won't be "making sales on both sides of the Atlantic" unless they can get their UK website to accept payments.

Seems very slow progress, as it's been down for a while now.

Just read that Daily Post article.
It's incoherent drivel.

MY best guess is, a large placing (maybe to raise a couple of million pounds) at a sub 1p price level, to pay a share of the costs for building the orange river pipeline and upgrading production facilities in conjunction with an off take partner. Such an outcome could prove to have a very positive effect on the share price in the longer term, despite the immediate unwelcome effect of the dilution for our shareholdings.

Does any one know who or what the non-controlling interests are?

The only thing that will move the share price is concrete news that they have been able to export oil in quantity. For all the company's apparently bright prospects, the political problems in Nigeria have led to them achieving next to nothing for over a year now. I have taken a position here on the assumption that at last they will soon begin to ship oil. If the new barging plan is working it would be nice to hear about it from the company before much longer. I think the lack of news is what's causing the price to drift.

There is a suggestion by some on the ADFVN boards that GBO's cash is largely held in banks with a junk rating. According to the 2014 report and accounts almost all their cash is held in banks with an A or a B rating, with a tiny amount in a C rated bank. I had a look into it and this is what I posted on the ADVFN boards: With regard to the discussion about bank deposits, I found this on Moodys.com. It looks to me as if all Globo's money is in institutions that Moody's would consider as sound. "Bank Financial Strength Rating Definitions A Banks rated A possess superior intrinsic financial strength. Typically, they will be institutions with highly valuable and defensible business franchises, strong financial fundamentals, and a very predictable and stable operating environment. B Banks rated B possess strong intrinsic financial strength. Typically, they will be institutions with valuable and defensible business franchises, good financial fundamentals, and a predictable and stable operating environment. C Banks rated C possess adequate intrinsic financial strength. Typically, they will be institutions with more limited but still valuable business franchises. These banks will display either acceptable financial fundamentals within a predictable and stable operating environment, or good financial fundamentals within a less predictable and stable operating environment. D Banks rated D display modest intrinsic financial strength, potentially requiring some outside support at times. Such institutions may be limited by one or more of the following factors: a weak business franchise; financial fundamentals that are deficient in one or more respects; or an unpredictable and unstable operating environment. E Banks rated E display very modest intrinsic financial strength, with a higher likelihood of periodic outside support or an eventual need for outside assistance. Such institutions may be limited by one or more of the following factors: a weak and limited business franchise; financial fundamentals that are materially deficient in one or more respects; or a highly unpredictable or unstable operating environment. Note: Where appropriate, a "+" modifier will be appended to ratings below the "A" category and a "-" modifier will be appended to ratings above the "E" category to distinguish those banks that fall in the higher and lower ends, respectively, of the generic rating category." hxxps://www.moodys.com/sites/products/AboutMoodysRatingsAttachments/MoodysRatingsSymbolsand%20Definitions.pdf The explanation of what the ratings mean starts on page 25 with the ratings themselves listed on page 26.

Selling assets when the company is in trouble can be difficult. The prospective buyers will know what's going on and either negotiate a low price or simply wait for the company to go under with the expectation of picking the assets up cheaply in the administrator's sale. However, in view of the fact that they have such a good array of assets, it may be that their banks agree to keep extending their funding lines while they dig themselves out of trouble. Could go either way, in my view, but very profitable for those in at this price if they pull it off.

Have had another look at these and I can see the potential for profit if they can survive he next few weeks. However, I can also see the distinct possibility of their lenders simply pulling the plug. The big problem is that both their cash flow and the value of their assets are impaired. It looks as if they have to get a big share issue away to provide funding as I cannot see how they can borrow any further in their current situation. The effect of this will, because of the depressed share price, be a massive dilution for existing shareholders I think you'll know by the end of January ( or sooner) whether or not they will survive. If they do survive, you should do well. but as I said before, they are a bit too risky for me. I will be keeping an eye on them, however. Good luck B

You could make some money here if it stays afloat. A bit risky for me, though. Good luck

Ring your broker and ask them how to do it. Shares are shares whatever form they are in. You should have no trouble transferring them and the broker will have experience of dealing with this for others.