Member Info for bumblebee1

So that was disappointing....so is james going to walk away or has he and the Richmond group have any cards to play ? there is possibly one and that is a hostile takeover

He has already quit ...last week

Not got in.....What if the result is that jb and the Richmond group fail to get in ??? Well as many have said on here its win,win because i believe the short term SP would stabalize and lead to a higher SP than now anyway depending on the outcome of the conplaints problem onl will just take longer thats all.. Only my opinion of course.

I bet alot wished they had sold at 70p SEAMUS12.. Unlessi am mistaken James B said he would not be buying back in unless he became CEO. So they could be some time to wait but, i believe that would happen sooner or later if Richmond group were to get in with the new directors to swing it so to speak

What is it about 20p ? just some sheep following others, i didnt think today would be any different anyway to last week ,not pre EGM . Now lots on here just might get their wish but will repent at leisure when it hits 50p or more but, everyone to their own choice .. I believe it will get there medium term whatever happens as this is to low to be real. If you are under pressure,if you cant stand the volatility anymore then 20p might be your target but, not me coz i am greedy, although if i get the chance i may put a stop loss on it at 20p depending on how far it goes.
IF Richmond group get their way it will probably spike as it did the other day when our CEO

dave might be doing is best for the company and thats a good thing being who he is but certainly not for shareholders, what with the leak and all but i look at it this way.....He had sufficient money as he keeps telling us for immediate funding and for first oil, He has also got a revolving credit facility that he choose not to use, He could have waited until the oil flowed to substitude his other ambitions so, why the hell has he chosen to raise cash by putting more shares on the market ?
In my opinion he doesnt give a monkeys for shareholders under the circumstances

I hope like most for a better week next week re- amigo but dont count your chickens,, dont let your optimism run ahead of itself. Amigo has a way to go yet after the egm but lets keep fingers crossed, and, i dont know why some people are so focus on the 20p sp price ,thats small to what it could do in the coming weeks. lets be patient

itsagame........totaly correct and thats before aircraft but as usual the motorist is the easy target .

hey smithy88 so its going to zero, may i ask you HOW DO YOU KNOW? Perhaps you have insider information..er,dont think so.

lets set aside for the moment the forthcoming EGM ,i hope this goes well but what about the suspended loans, ? given the current situation with employment due to the covin are the the clients going to struggle to restart payments ? could be a problem looming here

re- your question on jb as CEO EXPRU2000.....If and say if the board put it to a general shareholder vote and it came out that the majority shareholder vote was in favour of James as the CEO then they would have no option but to make it so but, that just my opinion

Iagree EXPRU2000 its strenthened JB chances of winning

All this talk of consolidation ,there isn't a squeak of it coming from the company,this is in the imagination of investors on this board and its time to stop it or you might get what you wish for.

MYMINE...so whats the problem !.. i will tell you the problem, lots of small investors here invest small amounts of money or more to gain massive amounts of shares in order hopefully of capital gain because there isnt a divi and will be many years if ever before there is. so a large amount of shares in ANY company hopefully produce a larger gains ,that goes without saying really.
Now the only way a small investor gain make a large gain is buying into small value shares for a large camount of shares, IF diluted the value is there as you say but the quantity isnt. so smaller number of shares equelssmaller capital gain. and there is also this... i have seen this before and once consolidated to a higher value share these can drop in value so, you then have a smaller amount and a lower value share to boot, i have seen this happen. thats the PROBLEM

milnrowmug...i am not suggesting any ill health with UJO far from it, we agree on that ,i am speaking purely of the mathematics' of the effects of a consolidation in SP terms and impact on shareholder value . it might be good for the co but not for shareholders and thats what counts in my book the most ie shareholder value and potential capital gain which lets face it its not dividend here is it ? its capital value and what effects it.

The last think we want on here as far as consolidation is concerned is ...consolidation every shareholder will LOOSE OUT , i have seen this happen loads of times, i am not saying that eventually they will not be one ,there probably will be but lets put that day back as far as possible because it spells disaster for shareholder holdings. dont keep on about it we dont want to put the idea into anyones heads and, you dont know who reads on here either. If i get so much as a sniff of one i am out of here rapidly and i would be followed by many others and you know what that means for the SP... I have seen it happen every time. It would be bad news

I would like to think so but will go well above in a few weeks when the rig gets going

SUMMERS, lots of people buying in at twelve and thirteen pence thought they bought at a bargain as well , What looks like a bargain today might not be if it drops further, i hope not i dont like it any more than anyone else but where's the bottom? with this.
i would prefer to believe thats its the general market that its dropping in line with today but, its done this on other days as well so who knows, i dont want to say this because i am in this too but before the meet on friday by then we could be looking at 5p by then, its perfectly possible but dare not get out incase the train leaves the station.

Well ,well well, i dont like saying this but its more of the same, all those confident so called experts on here saying its gonna rocket to 20p today after the board announcement are well and truly wrong . It just proves what s..t is talked on here doesnt it ?
Now it looks to me that when JB sold his shares he actually got a good deal compared to the existing SP

It would be better still if jb was in with the current CEO as a joint effort if they could get on...what a team that would be ,for myself i did vote for him ,rightly or wrongly but i like his clarity , but i have every respect for the current ceo.
I am wondering what JB will do if he does loose the vote, i know he has said he will walk away but will he only walk so far ,could it be that he could launch a hostile take over ? or am i talking *******s ? Has the richmond group got the power to try it at these values. together with others maybe or, on their own.. how possible might this be ? sensible opinions please.