Member Info for Crash2016

I did try and tell you at 13p that this would get dragged down. When you have someone selling down the stock it can't rise because they sell in to any strength. Investor's who are experienced know this and so they leave until the seller is cleared. I expect to see a revisit of 7p during this process.

That's not good news for GDL though is it? Look at the debt, look at the order book. It;s just not investable imo. The company is on life support and the prospect of being kept going because RG refuses to turn the lights off doesn't make it an investment of any kind other than a bad one.

Very true but one of the points that come from this was the claim that $29 mill would be paid off within one year and it wasn't, the debt actually increased. Debt has risen every year since the company was formed and considering how bad things have gone in 2015 and expenditure with the failure of India it is very safe to presume debt has increased throughout 2015 and right up to date. This $29 mill to be paid of never came about, the figures where just changed and all the debt remains. Conc, you seem like a nice guy and I hope for your sake something does work out for you but please...in future, don't ever invest in something like this with so much debt and one man controlling it all by proxy. It's ripe for manipulation. There is much safer plays out there giving investors very good ROI.

Thank you very much. It was as simple as that and we can now move on to the real questions. So $41 mill in debt and $29 mill expected to be paid off within 1 year which gives us only 8 weeks remaining till April 2016. But as you stated that was April 2015 figures and I can tell you that the debt and repayable's are actually still the exact same and instead of all being paid off they have bee increased and some rolled over but with clever accounting they have remained the same. So, It's actually $41 mill in debt since June 2015 and increasing since then. That's the figure we are dealing with here DEBT IS $41 MILLION and increasing although some was paid back the figure remains the exact same. Very creative accounting wouldn't you say? The question that leaves is how do they raise $ all these millions and what happens if they don't? Either situation means devastation for the share price imo. You pay it off via placing which decimates share holders or you pay it off via loans which increases the debt and the repayments ultimately strangle the company to the point of default. If the latter was to happen at least RG could pick up wheat little value lies in the ever depreciating assets very cheaply but then that would be him back to square one but with a clean sheet for GDG. No matter how you look at it can you seriously say say I invested in a company with $41 million in debt and rising and I'm very well researched? No, nobody can, it's a joke. Car crash waiting to happen here.

Simon Duckworth invested £20k @ 8p to stop the rot on the cheap shares flooding the market. What a well times strategic attempt at keep control. I seriously don't think anyone will be fooled when a multi millionaire throws £20k in the market. Outrageous. How many millions of shares were created at 4.2p? and the posh boy spunks £20k? epic fail imo.

What's even more concerning is the claims that the holders here are very well researched yet never MENTION the DEBT pile? If you claim to have researched this company and never mention the debt pile then there is something very wrong. Nobody invests based on how big the debt pile is, people avoid a big debt pile so how come all these great researchers have invested in a company laden with with debt? I can tell you why, it's simple. They go hoodwinked by the former crew who always spoke of the positives here and never once discussed the large.pile of debt. The ones left holding the baby now are forced to behave in the same way as the former crew did in order to try and protect what they have left. What they don't realise is they are indeed the ones trying to hoodwink innocent investors in order to get out. That's exactly what happened to them and they are now carrying out the same situation as was done to them. Luckily for the novice or innocent investor unaware of this I am here to guide and keep them safe from this behavior cycle.

How can debt be classed as manageable when RG is running a loss making company? Debt is growing. Would you be so kind and tell me how much the debt here really is? Everyone keeps avoiding that question and I find it really strange? Surely if people are as a well researched as they are claiming to be they know fine well what debt levels are?

Pinnacle Technology Group (PINN) has announced valid demand for 345% of its pitiful open offer to existing investors and that it's set for completion of its uber private investor screw… As a reminder, on 22nd January the company announced a placing of 108,392,857 new shares - comparing to a current 59,182,558 shares in issue - at 4.2p each. This included that directors would feast on 14,428,571 of the new shares and that shareholder MXC Capital (in which Pinnacle Executive Chairman Gavin Lyons is a Partner) would increase its holding by 49,697,549 shares to 56,766,275 shares. The prior news flow had included ‘Cloud Security Agreement with Baxters’ (4th September, shares closing at 7.875p), ‘New sales team to drive O2 for business’ (2nd October, shares closing at 7.125p) and “the appointment of Gavin Lyons as Executive Chairman… his experience of buy and builds and track record of achieving transformational growth will be a powerful asset to the company” (7th December, shares closing at 9p and later in the month exceeding 16p). The shares closed 21st January at 12.5p, and so this now tucking into shares at 4.2p would be effectively taking the **** out of those excluded who, influenced by the prior news flow, had bought at the noted much higher prices. But it seemed not to worry as it was stated that “the directors recognise the importance of pre-emption rights”. However, this was then followed with “the company is proposing to raise up to £0.25 million (before expenses) pursuant to the open offer”. This equates to just 5,918,256 shares– making a complete mockery of the ‘recognising the importance of pre-emption rights’ statement! Whilst a scaling back exercise is thus now undertaken in respect of the open offer to ensure that the crony capitalists can take all of the cut-price shares that they want, Gavin Lyons takes the **** in commenting “we are pleased with the support shown by our shareholders through the open offer”. However, the transactions are now set for completion – with Lyons adding “the acquisitions of Ancar-B and Weston conclude the first steps in our buy and build strategy providing 'IT as a service to the UK SME market'. Alongside the board, including Ian Winn who has now joined, I look forward to ensuring the organisation is focused on creating both customer and shareholder value”. So far they’ve just shown they’re focused on taking value for themselves and the p**** out of the small private investor. Disgraceful.

It's wrong? is that because I said debt was only $25 mill? so is it higher? Since you've chipped in can you tell me what the total amount in debt GDL have on the books? Or will you ignore that and only respond to say it's wrong? An explanation on why it's wrong would be more credible. It's hardly risen? .25p of a penny? Like I said, have fun with the 2016 first half results when they come out. You've got some time on your side to get out before then but when they figures are released you will see exactly what I have been saying was very much true. Nobody believed at 16p where this was going but that's not a problem, but they are they same ones that have bolted and left the stable door open. I notice nobody has provided an answer to what the level of debt is here? I wonder why that keeps being AVOIDED?

I have no interest in trolling. As a serious analytic investor who carried out forensic research I am simply asking some very pertinent questions of this company which so far nobody has had the knowledge to answer. If you want to refer to my posts as troll posts then you are obviously very biased towards this company and also very disingenuous towards fellow investors who should be allowed to very much see both side of the story or indeed the investment case. Put forward your case for investing here? 1) You cleary want to pretend everything is OK and that none of what I mentioned should be discussed. 2) You then attack me like the former crew here used to do to anyone with questions that raised eyebrows. 3) Claiming multiple ID's and conversations with ones self is just silly. Again the same kind of discredit of anyone who has a genuine point to be made. 4) What's this well researched stock you talk of? What research? everything you talk about is from RG's mouth, what do you think he's going to say? where is your research? where are your conclusions? where's your data for us to strip back and take a look? You have posted nothing of note ever! How much debt does the company hold? Any single holder who has any self respect and claims to have done the research should and could answer that question in 30 seconds. I have a feeling that once again the question will be ignored. HOW MUCH DEBT DOES THIS COMPANY HAVE ON IT'S BOOKS? $25 MILLION OR HIGHER STILL?

So you chose to ignore my question ? I asked if you knew how much debt GDL had on it's books? Do you know the answer? or did you choose to ignore it because it's been completely swept under the carpet here? Nobody has mentioned it. I'll ask again. The books are not balanced, GDL are not a profitable company and have a huge amount of debt. Do you know how much debt this company is carrying? Serious question? Can you answer that? If you can't answer that we can start of with a low number of the outstanding debt and work our way towards the actual figure if that's easier? Ok, lets try that and see if you can assist. Do GDL have $20 mill in debt? Higher or lower, your call or you could just be hinest and tell us what you know but refuse to acknowledge?

The books aint balanced, GDL are not a profitable company and have a huge amount of debt. Do you know how much debt this company is carrying? Serious question? Can you answer that?

The only company making cash is GDG by not having to pay for very much drilling. That's why it's called training. You can't seriously believe they are drilling lots and just not booked the profits? No, they imo will be drilling lots and not getting paid for it. They could quite easily book it in as training and nothing more needs to be said. GDG Capex is minimum that way and all sit nicely on the bottom line for them = RG and chums. Go and compare any O&G/CBM producer in China's Capex to GDG's Capex for drilling. I will bet GDG does not spend anywhere near any other co in China for drilling which is the biggest running cost for any producer. That's the problem and even more so when invested in a Chinese based stock listed on a UK market. Why do Chinese stocks list on the UK market? To me? it stinks and it stinks bad.

Not so good and will drag this back imo.

You can imagine what will happen though when the 4p shares hit the market. Under these conditions it would be prudent to take an objective view. The mindset will be to take immediate profit imo.

I expect to see them test 5p. I agree that 4.2p is unlikely. If 5p is broken however then I don't see any reason why not a test of the placing price would come. The market conditions are worsening and at some point we are in for a shock where the Dow will tank a 1000 pts in one day and the ftse will also tank. When that day comes and by my guesstimate it's coming soon then over inflated stocks like pinn will feel the pain a lot more than companies with more solid fundamentals. The last set of results are horrendous and they results will take a long time to make good on and current cash position is not going to change that. It's the business model that's needing re-evaluated.

Would you expect them to say anything else? They wouldn't, would they. You should count the amount of Lifabric wells GDL have drilled in the last 5 years for GDG? You might be quite surprised to see just how un-popular it is. Count the wells drilled, then measure it against what they are capable of drilling, then compare that info? I bet your left scratching your head.

The shafting of share holders continues. More for management. Less for share holders.

If that's the case then the 1500 rouge wells drilled on GDG acreage will take years to assess? So nothing for GDL to do in the mean time? LNG will affect what companies? Companies that GDL do business with? which ones? Why did it not affect investment in 2014 when it was at an all time high? you never answered that? CNPC and Sinopec did have their reason for not adopting GDL's tech and that was obvious. The methodology GDL claim to have is not as good as their current drilling team and therefore of no use. These Majors use the best in class for drilling. Do some research on the Rigs GDL have. They are the smallest and cheapest little rigs you can get. They would struggle to handle a proper workload quota. You're not presenting any case for investment here. You seem to be avoiding the actual problems by talking about LNG prices and longevity of wells etc? it's all nonsense. 10 years has elapsed, the longevity of wells does not stop companies hiring in the here and now? Do you think they want to see a test well from creation till exhausted before they could invest? Flow rates will determine that data and RG himself uses this method for calculating the lifespan of a Lifabric well which is estimated to produce for up to 16 years based on that data. So all this historical data is complete and utter nonsense. All the information is out there and still nobody has adopted this tech or method? I would like to see an external audit on the tech and method used and see what their data suggested and how the tech improves or doesn't improve longevity and productions figures. That's something that will never happen as the claims made by GDL would in my opinion not stand up to the scrutiny. Did I tell you my TT is faster than a F1 car? I modified it and tested it myself. I'm going to start selling the mod to Audi. All the major car manufacturers will want this one size fits all mod.

Seriously? In 2006 Pace created the methodology RG uses today. 10 years later, none of the major O&G/CBM players have been able to drill as productively as GDL? Is that what you just said? You need to get real. This proprietary methodology was stated to have had a first mover advantage and that was all. It was widely known that every man and his dog would use the same methodology if it was proven to work as claimed. CNPC gave them their chance and and didn't take them up on it. Sinopec gave them their chance and didn't take them up on it. Two of the biggest players in China told GDL thanks, but no thanks. Please stop insulting my intelligence and start and read the rns releases and follow them to date. The amount of glaring holes in the detail and unfinished business is beyond belief. Historical data ? what are you talking about? Did you just seriously state that historical data on the lifabrac methodology will prove it works? If that's what you meant then you clearly don't have a clue in what you have invested in. The data is evaluated in real time and historic data has no bearing on the adoption of a 10 year old methodology. I'm astounded. If you think the price of LNG is going to help GDL then why did it not make any difference prior to 2015? Why is it important now but not when it was at an all time high in 2014? Please explain why LNG prices when they were at the highest levels they have been in 2014 made no difference on this company. Why will it be different now if it wasn't when at all time highs in 2014?