Member Info for Crash2016

The clever boys got out 2 years ago and one of them today which I wish he acted sooner but hopefully he can rebuild. This was nothing to do with the oil companies or energy crash. This company was going down the tubes when oil was $110. This was all to do with BS from top to bottom and then the circle of posters on here who would not have a word said against RG. Various posters tried to make this point and were rubbished and made out to be liars and not credible. The same posters who got a rough ride for pointing out the various flaws were subjected to poisonous attacks by the regulars here. The guys who were no longer being fooled where the positive posters who believed the story initially from the end of 2012 to the end of 2013 but then were smart enough to see the story wasn't right and they got out. They seen what was going on and that nothing was making sense now and that things would go from bad to worse. If you think the share price will rise between now and the next 4 years then that's good for you but what use is that for those who have held out for the transformational 2013? The transformational 2014? The transformational 2015 and the now laid out in the open non existent 2016? This share price will be 0 within months imo and when I say 0 I mean 0p as in under 1p. No contracts for 2016, nothing to keep this ridiculous entity even treading water. Where is Hungrymonster, jimmy, guru, smithy Robinhood69, nufcfan and the other PR men? Rollo gave the game away in August 2013: That was the time to sell but the game got spun out a little longer. The sad thing is the posters above all knew that but kept spinning the lies and now you have brass neck to suggest that it's all to do with the price of oil? or energy crash as you've called it? No, it's to do with the following: The SGX listing? another carrot on a stick. Sinopec deal not happening and never being addressed. The 100 wells for sinopec assisted in boosting the share price from 6p in 2012. The CNPC test well what happened there? it was alluded to that they would be drilling 1500 to 200 wells if successful which is why the share price rocketed from 6p in dec 2012 right through out 2013 on the BS rns's. That's why this company has crashed. it crashed due to serial failure or BS RNS which contradicted themselves if you care to read over them. The essar deal was another futile attempt at pushing things along for a while longer and even that was spun out over months and months with delay after delay. This energy crash as you call it is just perfect for them...it now gives them a genuine excuse for nothing happening. Nothing was going to happen anyway but now they don't need to shoulder the blame. They can just get on with the end game.

Jacka was spot on. He got a very bad ride from the usual suspects who hounded him for being honest. The guy was 100% spot on. He was very pro GDL until the fundamentals changed and he always said that unless the fundamentals changed then he was pro GDL. From memory Jack sold out at various points between 12 and 15p and looking at the share price today he was right to. There are a few on here who should be ashamed of themselves. I hope you recover those losses.

The shares in issue will reduce which increases the Market cap of the company which means a higher share price. This is the reverse of consolidation which leaves you with your original holding in tact and of a higher value due to the reduction in shares which is highly beneficial for share holders. Not many companies on AIM providing real value for shareholders in this manner. Well done.

Pinnacle generated a loss before tax of £1.4 million. As at 30 June 2015, it had net assets of £0.4 million. I don't think that's trolling. That's factual information. The market cap is ridiculous.

What's even more astounding is share holders got shafted on a scale I've never seen and they are still buying at more than double the placing price? Fools and their money. I have a feeling that this will tank at a moments notice at some point and the placing price will indeed return to haunt those buying at inflated prices.

Raised £5 mill at 4.2p made a loss for the year but has a Market cap of £15 mill You could not make this up. So it's valued over 100% above NAV. This will be one of the first to crash and burn when the markets turmoil rears it's head again.

Amazing that people are now paying 9p after a placing decimating shareholders at 4.2p was announced? Some people just have more money than sense. Even the results that are out today are a complete red flag and clearly state it's one to avoid.

share price went to 18p but there was no need to make the placing so low. They have lost the trust of retail investors and anyone buying this will be giving existing holders an outlet to save some cash. 3p all over it as sentiment has been crushed.

This will end up at 3p by the end of next week and with markets in turmoil it could drop even lower. 5p might seem like a bad price now but by this time next week you will have wished you could still have it.

All the 6p stock gone and now down to 5'p

down 50% so far and now at 7p another 50% to go from here imo.

Marked down 42% so far and that's before any sells have landed at the floor. A good exit price considering the placing was 150% below yesterdays close.

wed 16:22 pm I was correct. It was very easy to see what was coming. I just didn't think it would be so low at 4.2p If anyone can get your money of the table as fast as you can and hope nobody has woke up to this daylight robbery.

Proposed placing to raise approximately £4.55 million of up to 108,392,857new ordinary shares of 1 penny each ("Placing Shares") at a price of 4.2 pence per share (the "Placing Price") with new and existing shareholders I did say at the beginning of the week. Why so low? This is going to smash 3p today.

I think we may well have been correct here as the price action now suggests a placing well below current levels. 6.5p is where funds were raised previously according the accounts so I don't think they would do a placing any lower than that but I find it hard to justify a placing above that level either. Possibly a little higher as that would always be the preference but I don't think it's possible in these market conditions.

I would say that things have changed now and rather than buy at 12p look to see if 12p is breached. If it falls below 12p then it will end up back to the 8p level. They will be needing working capital any day now going on the published accounts. I don't think they will be able to raise working capital at these prices having been under 6p a couple of months ago and also when we are very close to a global market crash which could come any day now.

I wouldn't suggest that would be a good idea. I think there is a lot of froth to be blown from the top of this before any buying resumes. From what I can tell it's done over 100% on fresh air and needs cash for working capital. I don't think they can raise funds at these prices as it would look like a professional job of getting the price up before presenting the begging bowl. Things have changed since December and the market at any given day will be marked down as a whole.

I have looked over the last published accounts and it looks like they had enough working capital to tide them over the second half of 2015. Does anyone expect a further placing over the next few weeks for further working capital? With a Loss for the first 6 months running at -£0.52m in the last set of accounts and a mention of funds raised at 6.5p last time round, what would be a reasonable price?