Member Info for Bridgedogg1

So the company loaned a director monies which the director is now in default for the repayment. Doesnt look good. Especially with the history. Broker resignation, Adviser resignation. Operational partners not paying what is due. Its a complete shambles from a Governance point of view. Hence the current market cap. Maybe a good opportunity for investment but also could all go Ts up IMO.

More finacial wizardry... operating loss not really covered in the board comments?

Sure the large shareholder looks to take executive control when the bsiness is doing fine, it the last thing Pheonix want.

This one still running? Very surprised.

Onassis, thats 3pence per share not pounds. The company got ripped off, gave away tens of millions of shares for nothing.
Licenses are falling by the wayside. Still keeping the dream alive - in a good financial position to reenter Iraq??? What a load of rubbish. Easy to take advantage of the depserate I guess - applies to the company and its shareholders.

Guys, Canaccord TR1 was for discresionary clients. I suspect this was part fo the IHT portfolio offering that purchases AIM shares, so the holding will be held in small amounts in the model accross a large number of client portfolios. . Canaccord is a wealth management company, they are not buying on behalf of the company.

This is a real shame. 88e are the unluckiest company on the north slope. DW raised cash to keep his wages paid for another year. Over supply of oil means US shale is getting more unattractive. 88e is done now IMO. GLA to anyone who decides to stick around or get in after the initial drop.

Could see £1 on a solid bailout package. Liquidity will release credit card payments and strengthen cash flow. Government are looking over the books and there are plenty of assets here.

Plenty of gov support going to airlines globally, I dont see any govs taking 50% of companies, do you?

Dart up 50% on potential bail out, Easyjet not so bothered?

Back to £8 today? Big gov support coming.

“Businesses will go bankrupt long before a year from now unless there is support in there."
"If we don't get sufficient levels of support from the government and this continues for that period of time, the aviation industry will not be intact."

£6b costs per year. With very little revenue the cash buffer will be gone in no time. Covid could impact flights for years to come.

Another big drop coming imo

Should buy up Lansdowne, cheapest oil on the stock exchange.

POssible some big buys start coming in at these levels, atleast im hoping so. Seems more shorters on there than holders

Mala Yes I have thought its the Americans that will bring the Saudis back to the table. If the US let Russia build their pipeline to Germany then the Ruskies will have no reason to punish the US

Plenty the PMO will need to do, worst case senario now being priced in and its no where near that. Debt holders will happily restructure, its a strong business just needs high prices which will obviously come at some point. Wont be the same business it was when it was when it was £1.18 but going to be worth a lot more that 15p

Sorry yes £15 target, in at 15p

Seeing good support at £15, plenty of buys on the book. I'm in

Haha nice point. I guess they won’t take up the option on B & C which if Charlie proves commercial will be worth a lot more.