Member Info for caniscorpus

Added 5000 shares this morning. My trade at 37.33 p is wrongly shown as a sell. Don't want anyone to get the wrong impression. I agree with the title to this thread. GL all

While I appreciate the efforts of those who tried to help me on this board, I'm afraid I still do not understand this over complex company re-organisation. The message I am getting is that don't worry all will be OK once we have our increased stake in Eroton and OML 18. We are always told DYOR so I looked up Eroton's website. All I find is boasts that production has been boosted sixfold. There are no published accounts. Where is the evidence of the current revenues one would expect? I realise these comments will excite the members of the Caniscorpus knockers club of which Alaric seems to be a prominent member. Let's hear more as such comments always give me a laugh and we all need a bit of humour these days.

For me the following points arise from the 24th December update:-
1.We are told that eventually San Leon will have an indirect economic interest in Eroton of 98%. Eroton is the operator of OML 18 so somehow(not clear to me) profits hopefully generated by Eroton from OML 18 will eventually find their way to San Leon
2. One would normally expect that once San Leon has received its share of the OML 18 profits these would form part of its corporate funds. San Leon could then distribute these funds as dividends to its shareholders in the normal way. Why do we need preference shares to receive dividends to which we would already be entitled as ordinary shareholders? Who are these other shareholders over whom we would have a preference?
3. We are also told that these preference shares will entitle the holders to any dividends declared and paid by San Leon. If the dividends will have already been paid, how can they be paid over again to the preference shareholders. This is complete nonsense.
4.If a reverse takeover is involved which company is being taken over and by whom? A takeover normally means that a new entity is formed into which the assets taken over are merged. What will be the name of this new entity and will the present shareholdings now owned by the members of San Leon become converted into equivalent shares in the new entity?

As will be apparent to many this re-organisation is too complex for simpletons like me to understand. I would appreciate an explanation anyone can give as to where I am going wrong.

Today's posts have hardly helped clarify the situation. The current position is set out in six posts for Sept and Oct 2021 on the London Stock Exchange website. Sadly for mortals like me these six posts are beyond comprehension. It looks to me that as usual p.i.'s are going to be ripped off. I have only a few thousand invested here and can't wait to get finality even if it means losing the lot.

My trade of 5000 shares at 37.9p this morning shown as a sell was also in fact a buy. In SLE's recent survey when asking for suggestions for improvements I said please learn to distinguish between sells and buys. We are supposed to believe that when a price is close to the turn the computer makes a guess at whether or not it is a sale or purchase. That's not how I understand computers to work. One cannot help feeling that it is once again the MM's who are manipulating the price. In this case they want to talk down the sp so that their cronies can buy at a cheaper price but no doubt others will have a different view.

Like yourself I took up my rights and was sitting back awaiting after many years a decent rise in the sp. Now this Strukov has come along and we are back to square I. I have just sold out to preserve the little profit I have. I have also just finished reading the book titled Kleptocracy where Kazakh crooks caused a FTSE 100 company namely Eurasian Natural Resources Corporation to become delisted following all manner of irregularities. The parallels with POG are just too glaring and that is one of the main reasons I got out. As a private investor for many decades my record has been a disaster so don't take too much notice of what I say. GL to those staying on board .

The translation of the Moscow Post article makes pretty grim reading. The only reason I am not selling out now is the RNS earlier this month that the interim accounts would be published later in October 2000. So 10 days to go and we should have some more reliable info. I am prepared to wait a little longer. I hope it will not be a case of he who hesitates is lost.

My understanding is that all four were current directors and remained so at yesterdays vote. Their profiles on Google show them all to be educated and responsible individuals. Scare mongers have us to believe that they are all stooges of Strukov whose policy is to destroy private investors such as ourselves. This could all be a move to panic private investors to sell out
on adverse terms. I for one an staying put. It is a long while since I was involved with company finances but my recollection is that if a concert party controls over 30% the Take over panel can require them to make a bid. Sadly supervision by the London Stock Exchange is generally very much lacking these days coupled with disgraceful antics by the big four accountants. Give Russian management a chance - can it be any worse than the City?

The suggestion that the directors would issue new shares and then purchase these themselves at a price of 1p per share seems rather far fetched to me. Allotting new shares at a substantial discount to the current share price would be a breach of the directors' fiduciary duty. I would consider that the London Stock Exchange could refuse to list any such new shares. We can believe anything of Russian oligarchs so perhaps this is the plot - delist POG from the LSE and leave private investors to be sacrificed the " regulators " at the Moscow Stock exchange. I am always intrigued by conspiracy theories so I am staying put as a pi just to see how it all turns out. I don't think I am going to be robbed.

This is being spun as the largest solar park in the UK. It is proposed for a site in Kent on the Thames estuary. On its website very little is said about the batteries to be used for storage. The comment is that "We have been working closely with an industry leading battery supplier". One suspects this is not IES as an article in Private Eye (no 1524) talks about fears of battery fires and emissions of toxic gas. Anyone know anything more?

Possibly not if you follow this link
https://uk.advfn.com/stock-market/london/redt-energy-RED/share-chat

The Bod really must think we shareholders are absolute idiots. Some of us have longer memories. RNS No 0848U dated 27th March 2019 told us that full construction of the bridge was scheduled for July 2019 and that the bridge was expected to be operational in 2019. Now we are told the start date will not be until the end of 2020. Wtf are we supposed to believe? How is the company going to spin this one? We all know funny things go on in Russia but sorry I really don't think this is funny. Disillusioned LTH.

Well done Brocal53 for daring to challenge the concept of irreversible global warming. Those of us like ourselves who do so are equated by the green fanatics to holocaust deniers. Global warming disaster is only a theory. There are always two sides to any problem. The onset of another ice age is an inevitable fact -- just google the Milankovitch Cycles and learn about what is really going to happen to the world. Increasing CO2 could delay glaciation since it has been established that in the last ice age there was an almost complete absence of CO2 in the upper atmosphere. There won't be anywhere for the greens to stand their soapbox when the UK is under 50 metres of ice!

Thanks for being man enough to admit your loss Hani. Many of us are in the same boat. I am currently down £24000 on IGAS. My other disasters are AEG minus £25000, RedT- £11500 and UKOG- £8000. Sadly I am now just an old fogey with all hopes gone. Sorry to bring a touch of realism but others should be made to realise the risks of playing with AIM

Very pleased to see the company has promoted someone from within. Years ago I was a senior executive with a FTSE 100 company. City shareholders often forced new directors onto the board usually useless bankers and accountants who knew nothing about the business. Not surprisingly its results suffered resulting in the company being taken over by a foreign concern. I am a LTH badly down at the moment so let's all hope AEG has really turned a corner this time

This morning Charles Stanley would not carry out my sell order because they said there was too much activity. I was told to set a limit. That I did at 43p and to their credit they got me 43p for 50,000 shares. This showed me a profit as some time ago I sold out and bought in again more cheaply. I,m totally disillusioned and will not be going back in. GLA to those who remain

I also have suffered this interference on several occasions. The first time was accompanied by a loud shrill tone that almost jolted me out of my chair. Fortunately my son was around and he recognised that this is a rogue site. Yes you must delete this immediately and never respond. I too suspect that this is arriving via LSE whose site must have been hacked. I use Edge as my browser and that is where I experience the problem. I have not had the same problem on my tablet that uses Android. I am looking to LSE to sort this out otherwise other users are going to have serious problems

Thanks obone. This is exactly what bb's should be for. Subscribers helping one another with problems as you have kindly done. I find the quoted extract from the take over code a disgraceful piece of drafting. As you say greek speak that is clearly designed for the benefit of city advisers to the detriment of pi's. I really cannot see what its purpose is. So a take over bid is made and apparently the rule is that all holders of more than 1% of the target company have to fill in the form. A ridiculous paper chase. Why is it helpful for shareholders in GFRD to know that various other companies hold a stake in Bovis? These other companies are not parties to the bid so what is the relevance?

Can someone please explain wtf is a form 83. There is a rush of RNS notices that are all meaningless to me. I suspect that these are forms designed by the London Stock Exchange to present information in a way only understood by insiders. We have been told that GFRD is in negotiation with Bovis. Us PI's who are invested would like to know how all this may affect the sp. What does a form 53 tell us about the bid?

I have just sold half my stake at £16.20 and that is the signal for the SP to turn. I reckon the price drop is over fears that if Clinton is elected the Democrats will declare war on big pharma. I was loath to give up the 5% yield but I did not want to see all my profit disappear. If as I hope Trump is elected I will buy back at hopefully a cheaper price. Trouble is I now have funds to invest and no clue where to put the money.