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Hello, I just wanted to see if Theeduke is still in this or posts? I haven't checked in for a while and went back until May to see if he has posted but can't see. If anyone can let me know that would be appreciated as I know he had quite a holding.
I'm not sure either way. For sure we have not been treated well at all by way of near zero communication from the board over the past years, or comms that have no value add.
However, Chris Pitman replied to me in the past two weeks and said they are still working with auditors.
Based on what was said about liabilities in prior RNS one would assume they are looking at the ability of the company to continue as a going concern, the only way I can imagine they'd balance the liability is by way of securing funding to show the entity can continue as a GC.
All guesswork from me. Long and short of it is I have no idea.
Happy to be corrected and hear other thoughts.
FYI I emailed all including bolhassan, and Chris Pitman has replied a few times. He said he is fully focused on getting accounts published and removing the suspension. I felt that if they had no intention he wouldn't have bothered responding. So still hope.
I should add, that perhaps it's just a good gesture to send the happy Christmas e card from Bolhassan and perhaps I should be thankful and not moan about that. It just couldn't be worse timed with what feels like the demise of the company.
I'm stupidly still holding hope as I've done over the past number of years that something comes from this investment no matter how bad its been! Perhaps I'm mad!
Well, unless I'm wrong, today marks the last day of the year.
I had a few emails with Upland a couple of weeks ago, but I didn't report back as both I didn't have the opportunity and also the fact there wasn't any substance to report, or anything I believed.
I emailed three times as usual before I got a reply. Chris Pitman replied and said it is responsibility of Bolhassan to reply to investors.
Bolhassan replied and said Jeremy from Optiva will respond.
After no reply, Chris replied again and to the questions I asked said that when the accounts are published this year it might answer my questions.
Note the above he said this year. Which unless they turn up as intraday, the deadline has passed.
I also note, that Bolhassan sent me an email in reply with a picture (like an e card) wishing me a happy christmas etc.....why would he do that?! I've had little in the way of reply from him but an e card to say happy Christmas, that wipes out the thousands of pounds lost?!
In addition to the loss of £s, I'm now lost for words too......
What a crappy end to a crappy year.
I hope you all have a good new years celebrations, I guess it's time to reflect on what's been a terrible investment for all, and I hope that in 2022 you all find some gems to recoup losses.
Wishing you all the best
The only way is up, right? Wrong! This is the bottom as in its the lowest its been, but I imagine this old girl is done and all that's needed is to roll her down the hill to ground zero.
Before anyone says I'm negative, if you can provide any substance on why I should be optimistic given what we've endured as holders for many years then I'm happy to hear it!
Back to 0.4....
Looked back at a couple of my emails with Bolhassan, going back over the past year, he basically said they are working on Tunisia and sarawak......how much work can you do on something with nothing to update shareholders with? At the moment I'd be happy for an RNS just saying they've been doing some colouring in of bar and pie charts for the past year. I wouldn't even want those charts to tell me anything. Just let us know you're doing something.....
It's nice to see some positive movement on the share price. Even my glass half empty is starting to look better.
Did we ever find out why someone took 35m shares in the company not long ago? From searching I couldn't find anything about the person in question but it does interest me to know!
Let's hope whatever happens we can all firstly see break even and then dare I say it, some profit?!
I think there has been a fair amount of 900k to 1m sells of late, yes there's been buys but not as big. Perhaps I've missed them and just tuned in at the wrong time and seen sells and missed the buys.
I've been here since March 16, think I purchased first tranche around 1.5p ish and bought a fair few tranches after that along the way. I've said before, not a massive holding compared to others but big for me. I wait it out with everyone else. We all want the same result, I guess I'm just a glass half empty sort of guy at the moment!
Mikemike, unfortunately the lack of significant development in this company was apparent before covid.
Investor11, I have the same thoughts but the investment is so far gone now I might as well just hold it in case something happens. The nominal I would get back now wouldn't make a difference either way.
I know alot on this board have heard me moan, so apologies to all who have to read it, but I think we all share the same frustrations.
Hello, I emailed too, actually to Bolhassan, Pitman, someone from Tune group, someone from Optiva etc. These are all the contacts Bolhassan copied into his reply to me some months ago (with not alot of information in the body of the email from him might I add).
No reply over a week later. Last time it took me three emails to get any sort of response so I guess I'll have to send a further two before I get anything........