Member Info for DanBrown83

This is why you are hard to believe
your claims change all the time

its why when you said you had evidence on Barracuda -but never provided it - no one actually believed you

worst case is, a lot of people here have lost money which could of been avoided if you had disclosed your 'evidence'

you are the worst type on here, your not been constructive to anybody - your just here to gloat
if a positive RNS came out next week and the SP rebounded to 3p (you will be the firs saying 'i closed my short at 1.2p')
you have no credability as we can all see how your claims change

I think the takeover is legitamate
I think the issue is that the Indirect Interest in OML141 wasn't
It looks like Emerald / NHNL lost the license 2 years ago, but were selling the 'indirect interest' to ADME anyway on the basis they still have a valid licence (which looks like they don't)
Fact Emerald Website is 2 years with no updates, we have a press release stating that the Nigerian Government revoked the licence and Amni (Emeralds Equity Partner on OML141) actually doesn't have this listed as an Asset
It would probably be a failure in ADME's due dilligence if this is the truth behind it to get legal clarification that NHNL have the legal right to sell the Risk Sharing Agreement if this wasn't disclosed

From your post 20th October
My short was £12.5k pp at 2.32p. Will hold till 1 and under.

In regards to an apology, i apologise on the Barracuda point, you said you had found evidence, i really wish you had shared your evidence here (which i requested) and you didn't provide

We are all on these boards to try and help each other, while you have no responsibility to disclose any information you might have seen which we haven't, it would of been really nice if you had shared this, there are a lot of people who have lost a lot of money which you could of saved them if you had provided your evidence - i am still unsure what evidence you have seen as you still haven't disclosed it or is it the same as what Peter posted last week.
It has personally cost me a few Thousand, not a lot really but still at the minute it is lost money , it has also lost people on here money, money that they could have saved if you had been open with your research - not really in the spirit of these boards in helping each other

Despite that, the SP still hasn't dropped below 1p, which was a condition of the apology, but i have apologised

Spikey, my hope is that the bottom is today, but as you say - suspension / zero is a possibility but i think that will be next year before we know whats truly happening with cash, most cash burn is too Directors - they dragged on for over months with virtually nothing in the bank - they can do it again
AJE with Panoro next update next week
Zenith update on OML141 next week - interesting to see their RNS

What is a firesale price for AJE - lets face it, we got our additional stake at firesale price from OSA's old liquidated company

Firesale for our interest is still likely $6m+ (a lot more if Phase 2 does come online early next year)

Your short was from 2.32p, not 3p

AJE is still the main asset - i have said it all along
interesting trading activity, Buys look to outweigh sells
Market seems to think at this price it is worth investing in

you may be at the bottom right now - close short and back your £12kish profit

fakevenues
Maybe it is why Emerald website has not been updated since 2019
Emerald lost the OML141 Licence
Do we know if this has been transferred to NHNL, or do NHNL have an agreement with Emerald (the PDF from NHNL mentions Emerald as the operator)
so have maybe Emerald duped NHNL , NHNL have duped ADME, and are NHNL trying to dupe Zenith into paying upfront monies for a contract that can never be relied upon

ADME are working with Emerald in the last RNS - but if they lost the license 2 years ago, then this is a pointless exercise!

The only good news is that ADME didn't pay that much ($250,000) for the original contract, so haven't lost great amounts of monies if my belief is correct , i'm wondering if the transaction is fraudulent, can the shares held by Callabar Capital be claimed back by legal action?

I have looked at the Amni website - considering there a 43% owner on Emerald Website, the Asset isn't listed on their website

Wonder what due-dilligence Zenith with will do but if they choose to invest, they could be falling for potentially the same scam!

The main issue the market don't like is the clarity
Would love a call with OSA now
here we are with a company valued at c£2m, with AJE as an Asset worth many multiples

The Sheikh / DBI / now Barracuda fiasco's are just compounding against this company
I won't sell at this price - not worth my while - Robertshams short looking better today

Personally - I don't like the fact we have bought an indirect interest - we are buying part of a contract of a larger contract which at the top end is out of ADME's control

While it is a dispute - i really think we need to know more about this and when they got notified originally
It shouldn't be from a dodgy looking PDF posted on here
IF ADME are still working with Emerald, that gives some confidence as its their license
It is going to be really interesting to see Zeniths RNS next week in regards to their response

It looks like sending a complaint to the regulators does eventually work - 250k share sell at 1.4p already
see how market reacts - don't think there will be a mass exodus on this though, AJE is still the prime asset

So there is a dispute

I agree with Spikey, this last raise was purely for Admin Expenses
I still believe that trade on Friday was a rollover, the price was slightly different but the fact that the more expensive trade was exactly £20k (ISA VALUE) makes it even more likely to be a related transfer
ADM ENERGY have never replied to my e-mail regarding Barracuda either - not expecting them too - they need to go through proper channels

That 2.667 million was a clear rollover from personal to ISA - was exactly £20,000

Thats why it would be interesting to see if they open up a short

Really think they could flip them currently at 1.5p?
if you sold that many it would have to be at a significant discount
why i don't think they are in to sell unless they are looking to open a bigger short - with 20m shares, they could easily drive SP down if they wanted too

why would a related company to ETX Capital be the primary placee?
There certainly not going to be selling at this price unless they place a short

11.6m shares are directors
the debt conversion shares sounds like for the most part there is a 6 month lockin

Probably act as both tbh
there is lock ins on the placing shares for debt conversion
bulk of the raise was with connected parties so won't be much selling there
Hessia Group are holding firm from the RNS today

its not under 1p? - so why am i apologising
I said I believed that the placing price will act as a floor
here we are with a 1.5p placing price and a 1.5p floor
The market isn't reacting to this Barracuda PDF on a supposed Noble Hill Website - its reacted only too the placing
all value to ADME is really in AJE, I think literally zero is in Barracuda
we will see how your short goes from here but AJE news with PetroNor / Panoro will give market some comfort - even if Barracuda is actually gone

It looks like in the interim - the placing price is going to hold steady

Problem with the Zenith RNS - it doesn't actually confirm that it means we are out as the contract was for 2 separate parts due to the way the agreements are set up (the wording to both was different (not a lot)) but it was some investors in Zenith who believed it was in partnership with us - although it does now seem that it could be the same contract

Hi Peter

No one has come back to me
I even added Thomas Cavanagh on Linkedin (don't know if he will accept) to see if I can message him that way

Either way - we need an RNS for full clarity, the issue with an RNS, if they say Barracuda is still ours, then do we believe it
Interesting to see what the ZENITH Contract at the end of this month

30th November we will have RNS from Zenith
30th November we will have a further update on AJE from Panoro/PetroNor

Hopefully we will get full clarity on Barracuda prior to then - but going to be interesting 2 weeks

Regards