pain today-jam tomorrow23 Feb 2015 22:58
is what txo been promising for years- note some even got sold £25,000 options.
having been consolidated and sunk since these are worth peanuts now.
second suspension this is. so much money has been sunk into txo by shareholders and so much dilution from share issues.
always pain today, jam tomorrow.
promises promises promises
even if txo got a nomad next few days, how to sort the debt out?
where does the money come from to pay for eia in bahamas? the lease? the land? the plant build? for the processing of slops?
paying for marthas conversion and next refit? how much? when?
do u know how much it is to list a co on aim? £500k? how the hell are abthabasca going to list with what?- 2 sets of accounts with additional listing.
txo couldnt even get their accounts in on time a while back and got suspended before for this.
as for ors /athabasca etc look on the requisit websites, says updated jan 2015 yet doesnt correctly say staus of companies invested in-shows ram still alive etc etc
txo now say with recent rns checking status of gbg. wttf?
txo are the only other part of gbg with morgan- they should know via due diligence status of gbg from inception -no good dropping that bombshell now as if they didnt know? txo been pumping shareholders money into gbg part ownershop for years and only NOW? they tell us theyre making enquiries into gbg?
and as for the clean up spill from the paper and those lying rampers posting false statements, the article says morgan oil have the contract-txo directed the rns to the article, txo did not correct the article and say gbg had the contract-so who actually has the contract? gbg or morgan?
that is material information and fundamental to gbg cashflow and material to any expected dividend/income txo expected or so we are told from gbg to txo. reality imo is whatever may have been coming from gbg to txo will get taken first for all the costs to build plant etc etc eia/leases/martha maintenance operating costs etc .
and as for that article it says 10mill$$ to the contract which is between many parties, some if it goes for one company to piur 150 metres for a concrete wall in the sea. cost a chunk, then laying booms with tugs to hold oil spill in situ, cost a packet an other company-wots left is? xxx to go to morgan for taking said oil mixed with salt for reprocessing.
doesnt say gbg got it. and anyway where will they store it? where will they process it? without eia yet awarded? bahamas are hot on eia-ask bpc etc for their drilling prospectus.
so many questions -we know tb reads the boards as per his rns.
for months he could have answered any of these questions to reassure shareholders.
its a bit late in the day dont you think?
i hope txo get nomad and make money but to date, and that means years!! the story is anything but?
too many companies and spin offs, too complex a cloud of mirrors for most small pis to trawl through, for a tiny aim listed co-thats surely a recipe for .......
imo jmo-gl dy