Member Info for Bottmzup

We had 65 members to start with, some fell away over time. Our claim was for a total holding of �7.3m. Costs grew with Solicitors fees, and more fell away, leaving the rest of us to make up the difference. Honestly, don`t waste your time, or money, it was too stressful and I dreaded getting emails demanding more money for the Solicitors in the end. My costs were �3k......do yourselves a favour and just find a new stock to put the money into....I wish I had!

Having gone through this process with another company folding I would `DEFINITELY` advise to not waste your money or time on Solicitors, Ombudsman etc. It takes years, and you will be up against the `establishment`! We proved our position with test cases, and when our Solicitor failed to represent our position correctly, so decided to go into admin so that they could just change their name and start again, we ended up with another Solicitor taking the first Solicitor to task, at great cost, with no justice, it ended up with us taking it to the Ombudsman, who just built a brick wall to defend their buddies in the `club`! Seriously, don`t throw any more money at it if they go tats up, because 4 years and �120,000 later in Solicitors fees we ended up with the possibility that the original Directors might sue us for a wrongful claim, because our Solicitors made a pigs ear of it. I definitely won`t be joining, but then I`m only in for a small punt so already written it off. If they come out of suspension it will be a bonus for me.

According to my trading program preliminary results are due tomorrow, 15th, with the caveat that it is `unconfirmed`. Trading activity just jumped with relatively higher volumes/day so far today, and a quick jump in the sp to 11p mid price as I write. Are we due some good news tomorrow?

Yeah I saw that, but I never believe the data feeds, thats why they include the disclaimer. All the manipulation, delayed declarations, MM`s and broker deals, and the reaction of the share price suggests that this trade was really a buy....or to put it another way, a short closing!

Not sure where the 85p level comes in as a resistance level, it seems a bit in the middle of nowhere. The most recent double high was around the 82.75p level, so has to get past that first in my view, then a small gap needs closing at 86.5p which coincides with the intraday low on 9th Nov `17. It could also be that these levels now have no relevance whatsoever the way this is bouncing around in its random volatility. Looking better now that its broke, and closed, above the recent 81p top anyway so the shorters will be on alert.

Thanks for that Lindon, I`ve been watching trades very closely after buying in due to a group of technical indicators suggesting this would bounce to 90p very soon...as I thought! This is, as you say, definitely being manipulated to keep the sp down at the moment, for whatever reason. It`s already way oversold on every level, fundamental and technical, so something is definitely `going on` in the background. With the buyback now completed the sp seems to have increased its daily volatility, and the sustained fall since the 120p`s at the start of 2018 is now being arrested, and dare I say, turning back positive as evidenced by chart signals...for example, daily stochastics which has been in a downward trend since December has just recently broken back `convincingly` above the important 20 level. There have also been several bullish candelstick patterns, and three unsuccessful attempts to break below the c70p level...amoungst other positive technical signs. There is a tug of war going on between 70p and 80p, it has to break out one way or the other soon, and the indications are that the bottom has been set at 70pish for now, if it breaks below that then its tin hat time for investors....as a trader I hope to be out before the first sign of that. My personal opinion is that the upcoming updates will put an end to this manipulation and the shorters will be in a panic for the exit as the sp does a swift fly past of the 80p mark and beyond, to a more representative and realistic price.....leaving nasty skid marks on their `shorts` as it goes!!! :-) Hopefully things will become clearer in the days and weeks ahead, you never know....after this closed period they might even announce that a bid has come in for the company, and then everybody will be saying `ahh, now we know why the price was being held back`. Interesting signs!

Lindon, how do these thousands of bot trades make money? Do they not have to pay a fee for each trade? Trades of 54 and 135, or 16, or 28 shares etc are clearly AT trades, but how do they make their money.....it doesn`t make sense to me, maybe you can explain how it works.

Great call the_naked_truth8, perfect timing!

There`s the RNS saying the buyback is completed, so it`ll be interesting to see if it has any effect.....I can see the counter intuitive logic now, that shorters may want to close some of their positions! The recent fall has coincided with the consistent buy backs so lets see if completing the program has a reverse effect.

No, your logic is scrambled, ...if buyers (ie the buy back) finish, then the sellers gain the upper hand and drive price lower....how can it be otherwise?

Why the feck would would the last day of the buy back coincide with shorters closing their shorts??? If the buy back ceases, then surely the buyers lose strength and the shorters gain the upper hand in the open market, so it would be ludicrous to expect a rise in the sp on those terms! Am I missing something?

I think its just another effing manipulated fill your pockets c***ing scheme to rape the Pi`s out of their money...some of these big city guys should have their gonads nailed to a nice piece of teak! And I`d gladly be the guy with the hammer and nail! F`ing scum! I hope their kids reap the rewards by being regarded as the gutter filth of the future...your day will come!

Oh no! ...not more good news, I`m getting fed up with all this optimism lately, in a minute we`re going to run out of things to moan about!! :-)

Ironically, it would be easy to `criticise` my spelling too :-)

....to critisise in hindsight, and I`m sure the board and the Billionaires decided to do what they did for what they saw as good reasons at the time. Looking forward, and with what looks like the blessing of the Nicaraguan Govt, Condor are now very close to getting the Environmental Permit to construct the mine. So after 2 years of analyzing the first ESIA the Govt will now only have to focus, and agree, on the bits that were causing the delay and the new proposals. The Nic Govt have been like a shepherd and sheep dog guiding Condor into their preferred solution, so not long to wait now. IMO

So why didn't they do this in the first place. If the mine can be active without interfering with the locals why didn't they design it like this years ago.SimonThePieman Judging by MC`s character in various interviews I would imagine that he was more inclined to work `with` the locals from the start, and probably thought that they would welcome their new found higher standards of living. It was a % them that caused the delay, and it was probably not apararent at the early stages of the ESIA being submitted how strong the feelings of the locals was. I hope they regret not negotiating a better deal now, and like NoEasy says, we have a more resources now, so happier days ahead.

From the RNS on 8th January 2018... Q4 2017 Quarterly Business Update � Q4 2017 momentum to result in record annual revenue for Obtala, with contribution from all divisions; forestry production, timber trading and agriculture � First step in expansion of timber trading division announced with $1m loan capital from senior management. External trade finance facility on track for first draw down Q1 2018 � 11,000m3 of logs harvested and 3,500m3 of export grade timber produced. Forest production in Gabon up 63% since WoodBois acquisition � Mozambique sawmill construction on budget and expected to be operational in time for cutting season. Veneer factory in Gabon on track to commence production Q1 2018 � MOU signed for establishment of community forestry concession in Mozambique with witness and support of World Bank � Successful distribution of agriculture produces by sea, air, and truck. First 3.8t aircraft container of mangoes sent to Dubai via airfreight Strong End to Year to Result in Record Annual Revenue In Q4 2017 all business lines generated revenues and achieved a number of key operational milestones on the back of the planned capital expenditure and organisation building that took place in the first half of the year. The forestry and agriculture boards have consolidated their strategy for 2018, and through the budgeting process, the Obtala Board has determined the optimal capital allocation for the Group. The WoodBois acquisition and integration has confirmed our view that the lack of capital available to African enterprises creates compelling opportunities to acquire and invest in strong management teams and we are delighted to have found in WoodBois an excellent platform to develop our business in West Africa.

The lowest its been since the spike late Jan is an intraday 10.88p! And the lowest close has been 11.25p.

Dropped to nothing progressivley lately, so I decided the sellers have dried up and I topped up with a buy...at roughly the same price as all the other `sells` today!!! So I think they were all buys!

No didn`t work on that all day, its just been obvious for a while now. So was I 100% wrong when I held double what I have now buying at 6-8p, and then sold half at 16.5p?? What I have now is a free carry so well above water overall. You are right about one thing though, I am a very funny man!!! Ha ha! Pipe and smoke it!!