Member Info for Davemcmanus

"My gut says 2 actually or else some of the lower paid Director's might have walked, especially if they thought they were being asked to effectively throw money away on a company they know inside out and are complicit in deciding the company's strategy together with DB. If I knew the company was going to struggle then I wouldn't be happy putting any money into a dead duck"

Roger65 both him and Fowler have put just 2 weeks salary in ffs, so your point about throwing money at a dead duck is pointless. They dodn't "throw money at dead duck", they sacrifised 2 weeks wages to secure their jobs for another 12-18 months. They have been pestered about the lack of director buys for the last 18 months, so threw in the nominal amounts to get the fund raise across. There are no limits to purchase, they could buy as much as they want on the open market, but now they have their funding why throw money at a dead duck?

AJ no facts have come out of any of your posts, apart from a biased agenda to promote this company and it's BOD. And you're still at it!!!

Yep don't expect a spike in Covid stocks just because the numbers start to go up. This is October 2021, not May 2020 you fool. The world has moved and has investors have seen through sham companies like this.

You can perfectly view without having an account.

I haven't consistently "bashed" block as you put it, i have pointed out the facts. Of course to someone wearing rose tinted glasses, this is classed as bashing, yet fail to acknowledge the facts before them. I am not a previously banned poster either, so suggest you get you facts right before you start making accusations. Just because i didn't have account 2 years ago, does mot mean i wasn't reading this forum

"a well reported high initial output which transpired to be mostly water"

Exactly Scooby, like i saod a while ago the shares should not have gone to 18p to start with as it was based on false information, but where have you seen the likes of James acknowledge that?

Instead he is blaming it all on the "share pee take mob" and balanced posters.

Geo i'm aware of his ramps for the last 2 years, and ge's ramped it down from 18p not 12p which is shocking. Also his reason for the fall is due to the "share pee take mob", "bashers" etc. ....without a single acknowledgement that the drop is due to the failure and lack of trust in the directors. I suppose he has to remain consistent to fulfill his agenda

"Dave he’s ramped it all the way down from 12p to 1 and a half p. AJ is nothing if he’s not consistent"

Geowiz yes I'm aware of AJ's ramps for the last 2 years, and llhe's ramped it down from 18p not 12p, meanwhile attributing the drop to the "share pee take mob", "bashing crew" etc....without any acknowledgement of the BODs failings. He has to remain consistent to fulfill his agenda i guess.

"Scoobyrex I would expect all of the TRI share holders are fully up to date with the board and driling reports, at least untill the end of December"

So AJ's now suggesting the board are keeping IIs informed, whilst witholding price sensitive information from the PIs and the wider market? Another one of his idiotic ramps to give the impression everything is OK, and IIs are supporting PH. There really is no limit to your ramping is there lol

Punter1 they have a cash burn rate of £100k a week to pay salaries, rents, etc....this Friday it will be 6 weeks since the placing, and still no signs of any near term revenue but £600k gone minimum.

Meanwhile the company have will have burnt through another £600k by close of business of this Friday since the placing, just keeping the lights on!!!
This isn't taking into account any costs associated with AIHL or POC.

Pacman no company would tell you a placing is coming, as people start selling out and crashing the shares further. The only way you would know is if you were participating via your broker. With regards to Wallbrook you'd have to prove they knew about the placing and deliberately mislead investors. Easier said then done. Anyway you wouldn't get very far even if you could, AIM CEOs mislead all the time and get away with it, Budd being a prime example.

"who would buy and hold this cowboy outfit" - lol, apparently you, McManus. Despite your incessant posting here. Why did you not sell when it was higher if you believed yourself? Why do you not sell now?"

You love making a fool out of yourself don't you lmao. My comment was in response to a post about the lack of TR1s being issued, and I suggested knowing what people know now and having observed Budd's performance over the past year, who in their right mind would invest on this company as a long term investment. It clearly doesn't apply to me does it, as I bought back at start of the pandemic when you know Budd and his broker said we would be selling "£1.5m every week". Anyone with even half a brain can see my comment was clearly geared towards the placees, but i guess not as obvious to someone with your Intelligence level lol.
I will sell when it hits my exit price, or when I hace recovered my investmrnt elsewhere. Again been said on here many time before.

Jimi I have done some reading, and unfortunately it's not illegal to forward sell. Both management and placess however, are still depandant on the placing being approved at the EGM. The definition below perfectly sums up what has gone on here.

"The motivations for the forward sellers are pretty obvious: they can make an guaranteed profit by selling shares at market prices, when they know that they are going to acquire the shares at below market prices. By selling the shares before they receive them, they are taking no risk that the price might decline after the issue process has completed. The practice also benefits brokers and advisers, who generate fees or commissions from the share issuance. From directors’ point of view, permitting forward sales may make it easier for them to issue shares, thus raising finance which supports the business (and supports the payment of their salaries). This is a particular issue for businesses that are not generating profits, including early stage businesses and pre-production natural resource companies – many of which regularly need to raise fresh capital."

Don't think you're going to see any TR1s here, as who would buy and hold this cowboy outfit with another placing looming in 12 months or so.

"Other than more than 60 million boe 2P, an EPF, a lot of 3D and well data, and production of a few hundred boepd so far. The strategy is still on track, maybe your timeframe is a little unrealistic?"

How is that generating any money from the company. They can't even drill a successful well, so potential reserves mean nothing if you can't get it out the ground lol. Unrealistic timelines? Well i wouldn't say nearly 3 years and £20m later without a succesful is being realistic. Back in 2019 PH said production would be 10000 bopd in 2 years lol. Where is it?

Stars i remember that comnent about second half. I supposed it is an upbeat second half from his POV, since he has a load of cash again making him eligible for his bonus lol

Surely everyone knows PunkInc is just a troll? He was adamant the POC test is CE marked last week, despite being informed it wasn't. Not the sharpest tool in the box lol

This a clinical company, results take time, get delayed etc...
Have some patience or sell up. The directors have put in £2m just 6 months ago, it is very telling.

Stars is a new one of the ramping crew lol. £350m based on on what???

*good