Member Info for Devilbhoy

“The name is 'Letter of Intent' , why do you struggle with basic interpretation... etc”

Hurtle - The irony is stunning. Mistyping a word isn’t incorrect interpretation of the underlying information being conveyed.

Intent, interest. Non binding. Telling that you can’t address the underlying fact.

Jesus, you really are pumping this hard everywhere.

“Shows its in closing stages. Won't be long”

Utter nonsense. The only thing it confirms is that there is an interest (the clue is in the name - Letter of Interest). There is absolutely nothing to say they won’t decide to walk away.

Why do so many of you struggle with basic interpretation of English?

I can’t see the original message, as it has been posted by one of the 100’s of users I have filtered, but I am assuming this is a windup given the subject?

Is that a list of your hopes and dreams, as it certainly isn’t factual information?

Coulda, shoulda, woulda. I acknowledge facts, not could be’s and hopefully’s, especially where there is an outstanding record of failure.

And it’s the 21st July. The hedge has already been reinstated.

I said “virtually irrelevant”, which if you understand the unhedged status ended in June and has reverted to $52.87/bbl for approximately 1,000 bbls/d is virtually irrelevant given the last confirmed average daily production is 1250 bbls/d.

But you would actually have to read and understand what you are talking about to understand that.

You are either don’t know or are failing to acknowledge that at current production levels the price of WTI is virtually irrelevant.

“I doubt he had much choice in the matter”

Of course he did. He could have focused on making the share the company had financially viable by focusing on getting the fn oil out the ground in the quantities they told us they would and in the timescales they told us they would rather than buying out the bankrupt partner’s share and leaving them unable to service the primary loan never mind the bonds issued.

*sense

What is pathetic is your lack of patience and sebse of entitlement.

“Once the Conversion Payment shares are washed through this week we should see the SP begin to recover and the fundamentals taking precedence over the Bonds.”

Nonsense. They’ll just convert more.

Unlike many who pretend to understand how these bonds work, I do not. But you cannot believe that consolidation makes an ounce of difference to the terms of the bonds, as there is zero chance their terms don’t change to reflect any consolidation.

Why is it late?

I get that you are frustrated given the number of shares you claim to own and therefore the reduction in the gain you were sitting on, but the company can only do so much.

Ultimately the share price is out of their control and they certainly won’t be nor should be deciding to put up a “for sale” sign just because the market isn’t valuing the company correctly and some investors are in less profit than they previously were.

Think yourself lucky; I was almost 50% down having bought the majority of my significant holding at 22-25p. Nobody is forcing you to hold. I made the decision to sell up and move the funds to TXP a few weeks ago having been in and out of them the last couple of years in the hope of regaining some of my losses as I don’t see anything significantly moving I3E’s share price in the next couple of months whereas TXP is imminently going to be bringing in more cash per month than they have the last two years combined. My intention is to move most of my money back here if the share price remains around this level as eventually the value will be recognised and we’ll see a return to the 25-30p if not more range or an offer will be made for the company at a decent premium to the current share price.

Clown.

Where are all the clowns who were delusional enough to be pumping this?

Ha ha. “Panic”? How dramatic. How do you reach that conclusion given a handful of trades worth an insignificant amount?

Ridiculous drop for absolutely no reason.