Member Info for callit

https://twitter.com/DrEricDing/status/1306679607572209664

Hopefully we will hear more about the payment terms on the $5.3m AAOG Congo debt soon:

RNS July 20th:
"I am also pleased to confirm that negotiations are nearing a conclusion with regards to defining a payment plan for the repayment of the US$5.3 million debt owed by Société Nationale des Pétroles du Congo to AAOG Congo." "

You mean like the placing for the latest asset in Tunisia?
Oh wait..no placing!

Highlander47,
Don't blame #Zen for wanting to take this forward. I'm sure you would do the same if you had been given the opportunity.
You left AAOG nearly 3 years ago? It's in the past.
All this vitriol is just a sure fire way to a coronary. Let it go!

If you think the opportunity is so good why not just buy into Zen?
If you think it's really bad then why not just sit back and take pleasure if they fail?
There is no need to try to make them fail. That's just not cricket.
Some of us have our pension pots resting on this.

Took this from the I3E report:
"The COVID-19 pandemic has forced change in almost every facet of our lives. Its longevity and long-term effects have yet to be determined and they could forever alter society's previous trajectory. A high degree of uncertainty mixed with universally contracting economies has caused demand destruction for oil, and this on the back of an ill-timed and miscalculated price war between Russia and Saudi Arabia which saw WTI trade in negative territory for the first time in history. These events have caused an unprecedented environment for our sector that has left companies deceased, despondent or driving ahead. We have sat squarely in that latter camp, aggressively pursuing assets during a market bottom and employing a creative acquisition and divestment and funding strategy to simultaneously stabilise and grow our business."

Obviously nothing to do with #Zen but they do seem to concur that aggressive purchasing of distressed production assets at artificially low valuations is the way to go.

From the RNS:
"However, we are fully confident in our position and the great potential of our near-term progress."It is regrettable to observe damaging misinformation being disseminated online about the Company."

The EdzoMezui pops up with one post. Coincidence? Any way to confirm that you are the real Edzo Mezui and not just someone with 1 post and a vendetta attempting to trick investors into selling out of Zen?

Both Gyrometric and P2F own potentially disruptive patents in high value growth markets. The price paid here will be a drop in the ocean if the tech starts to gain traction.

I'm In!!!!!

GLA DYOR

People on the #BRH board they are moaning that they sold it to us too cheap given the potential :)

@TheTruth I know what you mean. I had a similar situation over at ggp. You know what they say; Best time to buy is when people are selling. IMHO we are past that now with RMS and into the upward momentum.

Longer term I think Gyrometric will be worth staying around for but P2F certainly adds another string to our bow. GLA DYOR

Blimey @TheTruth, well done!
Hope you're in for more of the same all over again with RMS :)

So much stock in sticky hands. Looking forwards to Monday! GLA

Correct me if I'm wrong but isn't RMS one big tax efficient wrapper. If I recall there are massive retained losses back from the shell company when TB took over AERO(what a POS company that was!).

If P2F is on the brink of something big it would make lots of sense to get it 100% into RMS before the fireworks start so the profits can be offset against the historic losses.

Might be wrong on this. Just a theory.

This must be the top #Covid pick now.
3 divisions:
-Cloudveil increase in interest in security services due to covid.
-Gyrometric Monitoring of rotating shafts (work remotely)
-Pharm2Parm Antiviral face mask using nano-technology (and more)

GLA DYOR

Is that a #Zen face mask? :)

Loving the nautical theme.
Hooray and up she rises early in the morning. :)

Expect that waste water testing will be key to monitor R values and quickly impose local lock-downs where required. GLA

@Hedgehog100. Getting warmer. I think many here have the hand of the puppet master up their backside. lol

You are wrong about the ducks though..they look like geese to me. They look to be about to lay the golden eggs. :)

GLA DYOR

"In addition, the Strategic Investment is also conditional on the appointment of a director proposed by the investors to Zenith's Board."

The Arab's want someone on the board. That has to be good news.

If I was to hazard a guess I'd say that was meant for the BRH board..?
Either that or he's from the future :)

@Highlander47, you have just given 2 different reasons to support your hypothesis:

1) The debt is no longer due because the licence has run out.
and
2) The debt is not due because it is disputed.

Which one is it?