Member Info for Bladesman

The tax loss point is v important. Swapping foreign revenues which are a long way of from being received (zama) for back dated UK revenues (North Sea purchases) on which no tax is paid on profits, is a master stroke of strategy. Brings forward debt repayment in quick time.

Apols,.... CAN'T be wrong

41 out of 42 creditors, and the general market, be wrong, can they?

https://arcm-premieroilscheme.com/are-the-net-asset-values-for-the-proposed-acquisitions-based-on-realistic-assumptions/
Looks like they are digging in.......

Normal service resumed tomorrow, I believe, ie SP tracking back up to 120 p..

ARCM would be well advised to use this window of opportunity to start the process of closing. Their resistance to the pmo plan is desperately flawed and futile, so they will have to do this at some point . Better to do this now at these prices before poo recovers, as it surely will. Buying back pmo shares post the creditors meeting on 12 Feb will be very, very expensive

Yes, I'm fully expecting the virus induced poo weakness to lead to more shorts closing out, ready for lift off when the virus gets under control.

As a legitimate stakeholder with a significant personal shareholding in pmo, I will take arcm, s invitation to get involved. I will be asking them :
How is it that all other creditors have approved the SoA except arcm.
How is it that after the Rns announcing the asset purchases that the sp went up almost 20 per cent if it was such a bad move
How do they reconcile advocating risk reducing actions to delever the balance sheet when they have bet against pmo share price with their record short
How can they be an advocate of pmo, s best interests when they will benefit from a fall in their sp and have failed to comply with the shorting disclosure requirements
Email to be sent their pr agency tomorrow for answers. I'll post the response but not expecting one. Let's see
Cheers

Beer bull agreed. In any event, it matters not what arcm think of the strategy, the court at the SoA hearing is only interested in whether pmo have the requisite approvals in accordance with the rules. If they have (which they do) it's going to get approved. Simples. That why there is a sea of blue large buys posted after trading despite poo tanking on Friday. The market sentiment has finally changed in favour of pmo. Hell knows what the sp will be if poo gets to, or near 70 again!

Just a thought.... wouldn't it be sweet justice if the FCA prevented ARCM from voting on the deal as punishment because they failed to disclose their short position as they were required to do . In other words, if you dont play by the rules, then you are disqualified from playing the game .

I cannot see that TD or Rose will have miscalculated the cash flow forecasts from the BP asset purchases as alledged by ARCM.If the mgt in pmo are good at one thing, its getting the numbers right. Also, all the other creditors appear to agree with the sums. ARCM will not prevail on this futile resistance.

And export guarantee finance for solan. Great!

I don't think they can hold back market sensitive news for their own advantage once agreement has been reached, that would be market manipulation which is not allowed by the FCA who would come down on them like a ton of bricks.... wouldn't they? Hmmmm!

I don't expect any shift up in pmo sp until either big rise in poo or creditors meeting on 12 Feb when all the corporate uncertainty will be clarified and we get this cancer (arcm) off our back?

I hope the capital raising by our alaskan partner does not impact negatively on pmo.

Tax on the Zama sale will depend on what is sold. The asset, which is in Mexico jurisdiction, or the legal entity which owns the asset. If this is a UK company then UK tax jurisdiction applies which opens up the possibility of UK tax losses being set against profit on sale. We will have to wait and see the details. Rgds and GLA.

The board will have to sign off on the deal give n its huge significance and I would have thought its very helpful if the creditors new what the position is before they vote on the rights issue, assuming its positive, which everyone (except arcm) wants to approve, so expect an Rns before the ie 12 Feb.

Indeed, its been stuck at .5 down for quite some time. Something's "afoot" . Watch this space.

Maybe an inerse correlation between the volume of posts and SP. Hope so!

Cost of shorting shares in US. These are US regs and very risky if its miscalculated. I assume UK regs are not much diffent. Very scary numbers for ARCM... Read this...

Under Regulation T, the Federal Reserve Board requires all short sale accounts to have 150% of the value of the short sale at the time the sale is initiated. The 150% consists of the full value of the short sale proceeds (100%), plus an additional margin requirement of 50% of the value of the short sale. For example, if an investor initiates a short sale for 1,000 shares at $10, the value of the short sale is $10,000. The initial margin requirement is the proceeds $10,000 (100%), along with an additional $5,000 (50%), for a total of $15,000