Member Info for biglad6

Whilst things seem to be lining up here lawyers taking shares expressed , jv, etc. Am failing to get excited about a possible 7p sp. Should be 50p. Trashed by the BOD. Even a 10 bagger would only be 50p. Should have been £5. A lot of us should have been making big money here not breaking even if we 're lucky!

Truth of this is , it's being badly organised. Two placings in quick succession shows lack of planning and contempt for shareholders. This should be financed by bridging loans, bank finance as if the orders are guaranteed then so will payment. This could of been done with out holding down the S P and screwing the shareholders.
On the plus side there's apparently massive orders in the pipeline and a special dividend in the pipeline ( promised 6 months ago!)
I don't think the next six months will be seminal for the company but it will be for my confidence in the BO D and whether they are the sort of people that carry through their promises . AIM as we all know is jam packed with dreamers, liars and bull****ters. I hope the BOD of T EK, don't turn into a combination of any of them.
So one thing needs to be achieved in the short term is large orders with decent clients for microsalt. That should boost the S P and perhaps the placing can be forgiven.
As for the special dividend I think thats a load of the usual s+++ just thrown out on a wim. What I would prefer is it's just announced and paid.
If we don't get SP boosting orders in the next few months then they'll have spent our money for nothing.

I've dealt with lawyers all my life. Underneath the veneer of we 're here to represent you rubbish most of them want to lengthen the job out as long as they can and deep down all of them from the bloke above the butchers to large corporate firms are only interested in their own fees. Anyone of them that will take payment in shares believe me won't lose out and for us punters this should be taken as a sure sign that we are on to something big/decent.
Only problem is that the S P is so low. Even a four bagge r from here will make the lawyers a fortune and get many of us to break even. There was no need to trash the s p to this level and a decent M D wouldn't have let it happen . That will still be true even if this ends up at a pound when it really should be £2.50!

Big, big problem here with the way the sp has been trashed. There are many people on here with averages in the 20s and 30s. the way events are described in RNS s is poor to say the least and my kids could write them more favourably.
Add to that the MM stance that took the S P down from 16p and left it there despite the problem of going bust seemingly solved.
The massive issue for me here is that even a four bagger let's say on in jv news still leaves many underwater. A four bagger from 16 p puts everyone in profit. Whe n you stand back and look at the way the sp has been managed by the company it's atrocious and every effort should have been made to get this back to the mid 20s before any if news.
That actually means a decent RNS once a month . Rather than nothing, a s***show , then an average one. Don't see why this type of communication is so hard when it's actually easy if managed properly with some thought!

As usual holders being mugged off. The last RNS 16p to 6p. That's now corrected zero movement in the SP. A right shambles.
Dusterhater said before should be at 50p if not 70p, compared to where we were and where we are now. Finances to be sorted 8p jv with Exxon 10p no doubt!

That's not true is it t their only income has been this £95k which will pay wages for a few months. You only need to look at the dismal previous RNS s to see that. Purely a directors lifestyle company , another placing due up. Lord knows wh y people even find this.

Ha ha, it's me again . Well , well , we couldn't have been more wrong £95 k in the bank! Seriously I can't remember the last time they actually banked any money though I do remember team badminton, big hitters and fortune 500 talks . The good thing about this share is at least I know this is a hopeless load of guff.

exactly! The other thing is why say it, if you can`t be sure it will be done under your remit. If it was me I wouldn`t even mention it I`d just RNS it and pay it. That`s delivering not we might, hopefully and in the fullness of time.

Two interesting pieces from JD and QD. I thought that tek was slightly different from most of the charlatans on AIM but the amount of continual placings and this latest one is starting to suggest otherwise. I think we all understand that new companies need capital to grow but equally at some point they need to start to deliver. We not so long ago heard about the payment of special dividends so I hope that isn`t a load of b/s . As usual the so called "working capital" will be used to fund unjustifiable salaries, which I don`t mind as long as the BOD delivers SP growth and this case the promised special dividend. Neither of which look very likely at the moment as the SP is less than halve the 40p it was a while ago. This year I`m fully expect (I won`t be holding my breath this is AIM !) the BOD to deliver a 50p plus SP and the SD. There is still much promise in this business and its an excellent idea but equally I`m sick of all the chat, placings and promises and wish the BOD would just do what they said rather than the opposite!

Whilst I agree with sharebels sentiments the way this company is run does not inspire me with confidence. You only have to look at last weeks amateurish RNS to see what sort of people are in charge . I thought we`d reached the bottom at 15 and now our investments are half of what they were last week, whatever way you try to explain that.
I have confidence that the oil is there and that someone will get it out of the ground. The best thing that AM should do is flog the lot so we can get paid out.

After reading all the posts since yesterday and today and the RNS. Its about time after yesterdays ****show that our CEO came and gave a statement , a positive one.
Yesterdays announcement was jumped on by the MM`s to rip off the bedwetters and transfer the shares to their rich mates.
The SP whilst has recovered is still in a s*** position and to be honest a caring and carefully managed set of RNS`s would have this standing at 60p now. As a write thanks God its not 4p but its still half of what it was yesterday which is absolutely unacceptable. There is no need for these heart attack moments if properly managed. Even a child could see that if the statement led with JV conversations are positive, ongoing and we expect to make a positive announcement soon followed by we shut for two days because of bad weather no need to mention that at all followed by we are a bit short of cash but expect to sort that out with jv and and we expect lenders to be keen to lend because of our massive oil reserves. Update on this next in a fortnight.
Even if the £1 buyout arrives and we are all laughing its no way to run a company and treat shareholders !

Don`t often post here and like many have been excessively patient here though frustrated with the waiting. If you read the RNS it specifically mentions the sale when it didn`t have to and mentions it in a positive light. The market seems to believe that some big is imminent which I hope it is a 40% rise. Looks like this is the beginning of the end. To all looking to buy here in the event of a sale now might be a good time rather than buying in the 20`s and 30`s like I did. Hopefully this might back up the old addage of youve not lost until you`ve sold!

Fleecy, lucky we`ve got you on the board to advise us even if you say so yourself!

Remember here there hasn`t been any news yet. Of course it could just be the usual nonsense spike but as good news is likely , its more likely to be the somebody knows something scenario.

Clockface, 7 days would be hopeful , one piece of good news per month would be a result here and better for the sp.
Finances, Drilling , Nigeria and JV in that order. Or **** that and JV with Exxon straight away !!!

Blaim me old mate. We're on the rise , shall I buy in ? What say you ?

Why not RNS that we've found a cheaper envelope supplier, arts car has gone in for a service but to kwik fit not the main dealer, he's now using a company moped. Wait, just wait good news will probably come here in 2023. Anytime anyone normally says for instance we might start drilling in December is motivated buy wishful thinking. When we've drilled is when I'll believe it and more importantly so will the SP. An RNS saying the lorry has arrived on site is not What we're waiting for. Get real bottle merchants !

that's fair enough nailed on but it's as if most people on here expect an rns everyweek. If we got one tomorrow then we'd have what about this, then the week after what about that. To be honest in some ways we d be better protected from ourselves. If the jv turned into a sale, i don't want an rns about we are going into talks about a sale. Suspend the share for 2 months announce the sale price. More money for us lth s that way.

I've read some of the board this afternoon and cant help feel.its full of bottle Merchants and cry babies. Before I get the usual barrage of**** back let me explain.
Wed all love to invest say £5k have someone like art make an announcement a week later and turn it into 20.
We all know ourselves that it rarely works like that. If you want to double, treble etc your money you will more than likely have to put up with a misleading CEO, unnecessary placing, late and very late RNSs , deals not coming off etc etc. When they do good money can be made. If not you can lose the lot. Witness odx over the pandemic a possible 50 to 374 million contract with the govt to produce covid tests. That was what was announced then the BOD sold all their shares at 90p and 6 months later said that the govt was not going to take up the contract . Most people lost 90% of their investments. Here I believe we have a much better chance but I'd be very surprised if there weren't more delays, lack of communication and some wishful thinking on behalf of art. Latest one well be drilling in dec or did I mean jan.oh the parts haven't arrived let's say march. That's why the sp is so low because nobody believes a thing until it happens

I think you've got to look at the whole situation like this. If you believe that AM can get a jv done ,I do, then hold on because the SP will then rise to over a pound.
Do I think this will be done in a timely manner , no. Do I think these new wells will be drilled in December , no chance. Do I think we might have something by end march next year hopefully. My average is 38 so we've along way to go but the sp like the market doesn't really believe yet that a jv with Exxon or whoever is likely. What id like is a full sale of the company for £3 but let's be realistic we are likely to see increases in production on a month by month basis before any financing or JV agreements. Indeed there should be no need for any of the usual rip off placings, crap finance deals in the position we're in but with Arts previous history you never know.
Two important points ~ this time he's recently spent £100,000s on shares out of his own pocket and if you believe that there's going to be a JV (SP through the roof immediately), refinance ( modest increase in SP) or more wells in production on a monthly basis (stepped increase in SP, and obviously ever increasing as more wells come on stream) or a combination of all three then this must be a good punt at this price as the oil is there and it's ours. It's just a matter of whose going to pump it out and for us shareholders how long and by what route AM takes with this. To be honest I'd just rather a straight sale of the lot, it's easier to arrange, manage and more rewarding. AM 's ego like many MD's egos often get in the way of this though as they always want to be involved which they most definitely won't be if a massive oiler does go down a JV route.
Lastly no need to bother about any of the tools on this board of you believe some of the above as that is what your investing in not opinions on this BB!