Member Info for DanBrown83

i actually dont think it will pass
Hessia Group Limited will most likely be with OSA (these shares were given to them for the purchase of part of EER's stake in AJE (remember OSA was in charge of EER previously) and the deal was done because of his reputation with them alone - so the biggest share holder with 17.83% of the shares is OSA friendly
7.39% of shares are in the 3 Directors hands that are been asked to leave

thats 25.22% in favor of OSA / 5.78% against

what is the %age required to change the Directors?
if it is 75% then this is already set to fail.
If it is 50%, it is going to be some task to get an additional 90m shares from the remaining 140m shares - most people wont bother voting but this is one vote everybody should vote

I'm not convinced in replacing the BOD with Align's CEO - need to do some due-dilligence but i have already stated that i think Align aren't great

An RNS was announced this morning Peter

378k to remove OSA
EER went under when he was in charge
His absurd comments on the Q&A saying that shareholders were stupid for using the internet to find out information on the Barracuda site, if only OSA had used google

How does TW actually find out and how does him knowing yesterday effect trading, it must have been known about earlier on in the day

I will be voting to get rid of OSA 100%, I don’t have many shares but I was never a fan of him day 1

I certainly don’t, his story changes like the wind
In regards to Align, its a trick one to understand the reasoning, it could be a few reasons, 1. Non payment of a bill, but with so many shared it wouldn’t make sense, 2. Inaccurate information in research, it could be that they are trying to clean up there act and that the information on Barracuda, DBI etc has caused them to lose credibility (not that they have any imho)

There will be loads of reasons, maybe they have had bad experiences with new members of the board etc

why?
theres been no real volume

minimal volume - 197,000 shares (under £2500)

its not hit 1.5p to short since you so called closed your short
this is how we know your just lieing

1.25 to sell
1.4 to buy
no real difference
no volume either - unless you call these small trades 'dumping'

under 1p was a short term blip as we can see, it was the market over reacting rather than selling
a slight bit of buying pressure and its nearly doubled from where it was
you keep holding for 0.5p, but i don't foresee much happening until new year now other than hopefully the Petronor deal can conclude

what dump - there have been 4 trades today
3 sells and one buy
so far the size of the buys is greater than the sells

you history of posts says that you sold at 2.95 (never shorted) this was something you only said afterwards
you shorted £13kpp at 2.32p
you claimed to close your short at 0.7p but the Buy Price was never that low (so i call you at again as another lie)
you claimed to have opened another short (no details given, but you have tripled it in the last two days) and this is obviously underwater as to close your short its 1.4p right now and when you stated you tripled it was as 1.15p (and the original short / doubled up were even lower then) so why don't you disclose your 3 shorts!!!

just tripled his short today, must of been a bad day watching this rise

Hi Peter
The NHNL PDF certainly states that it was down to lock of financial ability on ADME - a fact that could easily be attributed to DBI considering this was the primary source of funds for this project, if we lost the contract due to not been able to fulfil a contractual payment from a 3rd party (assume CALABAR CAPITAL), we should have really had something concrete that we didn't buy into KONH until that had been fulfilled so we couldn't end up in a position like this, or was it a fact that ADME had to buy KONH first, that then had to complete on the NHNL contract but then DBI never had the funds and our exclusivity agreement was there revoked?

There are lots of uncertain issues, why are ADME working with Emerald Energy on Barracuda - as far as i can see, they held the license but it was revoked in 2019 - but NHNL PDF states that the license is held with Emerald Energy and NHNL are the exclusive service provider for Barracuda, which cause more confusion as to do NHNL have any legal right to the contract if there agreement is with Emerald Energy who had the license revoked - Emerald Energy website looks like it hasn't been updated 2 years
So a real big question - who actually owns the license to Barracuda (officially as per any Nigerian Government documentation)
I haven't located anything that the license has been passed to any third party, or Emerald went to court and got it back

So many question, no answers, a lot of speculation, just move onto AJE - its prospects look very promising

its well under value based on a forced sale value of AJE imho based on our purchase and Petronor deal
while there are issues - people will buy into a share thats price is considered low with a lot of potential
while this has a lot of risk (due to liquidity / legal issues) - AJE has the potential to make tens of millions a year to ADME - so could be a lot of punts going on (these would likely be short term punts)- also i wonder if there is something in the background people may know about - Africa is pretty leaky - hence the information on Barracuda coming from 3rd party sources before the BOD tell us

not a lot of volume for a Pump & Dump
There wasn't a lot of sells when the price went to the 0.7 area - it was more on the RNS's of Legal dispute and the placing
it does mean that small volumes can increase SP significantly, especially when a lot of holders (me included) are sitting on losses that its not fundamentally worth selling at this price and its better to wait

So are you can disclose your shorts
Amount and price started?

I don't follow twitter so i never seen that but thats actually from their own account so thats hard for me to argue against
If that puts my theory in doubt, then i have no idea how ADME can have ownership cause we clearly don't have any legal ownership at todays date - so have we been duped, is it a mistake that purchase never concluded on NHNL (which is kind of the claim) but ADME / KONH / CALLABAR still ditd the purchase in the UK - but then on what basis would you do that if you didn't have legal claim to Barracuda - this is a long drawn out mess - for what was supposed to be the best deal in the world - what is really needed is a Q&A with OSA to clear at least the points he can without disclosing legal info that could be used against us
So much wring with Barracuda field and this whole contract

its my assumption as its the only was i can see how the deal worked
Calabar Capital took the Contract from a related party
ADME bought into it via the new SPV for cash and shares
assume all DD was done by ADME to confirm the contract was legit, legally binding and had no stupid conditions to it
but obviously, NHNL have some legal reason to say the contract was never executed, but that wouldn't technically stop the transaction between ADME / KONH / CC taking place

my understanding , is the Calabar Capital had a contract for the RSA
Calabar Capital Directors do have a number of companies they are part of in this sector which could have had in interest in the project

I have stated that Calabar Capital were the ones who would of got our $250,000 cash and shares previously
This had Daniel Maling in charge at the time
I also said that if it is a con, it would likely be by them, but given the status, i believe maybe they are been conned further up the chain of the contract or that a possible scenario is that the contract was lost further up (and not disclosed to ADME until a further point in time in which the legal process started) again we should have been notified earlier

Only the first RNS stated that it was a subsidiary - never again , and the wording has also been amended to never include that definition - they should really clear up this exact transaction as it is not clear

The biggest issue is still the fact the ADME board have hid these facts from shareholders from a number of months

K.O.N.H were only created to form part of this transaction as a vehicle nad could therefore owned nothing
The March RNS did state that but it has been changed in future

28th april

· ADM acquires a 51% interest in K.O.N.H. UK Limited ("KONH") (the "Investment"), which holds a 70% indirect interest in the rights, benefits and obligations under the RSA relating to the Barracuda area of OML 141

The Company has also agreed an investment in the development of the Barracuda Field, an existing discovery and near-term production asset in OML 141, which covers 1,295 km2 in the swamp/shallow waters of the Niger Delta. Four existing wells have been drilled to date and a fifth is intended to be drilled in Q4 2021.

Post period, we acquired a controlling interest in a Risk Sharing Agreement (RSA) for the development of the large-scale Barracuda Field. Located in OML 141, the Barracuda Field is an existing discovery and near-term production asset, which covers 103 km2 in the swamp/shallow waters of the Niger Delta.

All further correspondence has always said that there is no ownership from what i can see
The ADM Energy website also doesn't claim any ownership