Member Info for Dodger16

Beer - I think like Blades just said - they will have to close when they lose on the vote, that is all they have left. After that it is all out of their control and to be honest not going their way. Only the green party can save them now.

His arguement!

Hi arguement was 100% dilution was coming. On the day of the issue nothing really happened to the sp. That vwap period was awful. Shows people can make a stock the price they want. They even announced zama during it and the sp jumped 30% then dropped right back....

I only get spooked when i go too much into one share. Which i suspect most on here do.

TR61, if you are ever in the quayside and fancy a drink let me know. Just post on here. Man I'm really gutted hearing your news.

Tarth, just think of dbno as the guy that set a stop loss with a decimal in it. This caused the immediate sale of his shares and he missed an afternoon the sp went from 55p to 60p for his stupidity.

Keep talking guys - ticking up fast.

I think ARCM will get out of this, they have a very strong position.
I also think PMO will go over £2 this year though.

Beerbull - were you aware that penny shares were sub £1? I never made that connection.
It is like a light bulb has lit up above my head.

Thanks for that bit of learning today DBNO.

TR - just read your posts and am very sorry to hear your news.
I am pleased you have made it out with a huge gain and I hope you enjoy time with your family.
You will be a miss for me on the boards, I hope everything goes as well as it can for you.

Dodge

ARCM - the rights issue may make the share price go up. No one knows.

These hedge funds are mental - I remember watching the Melrose GKN takeover unfold. The hedge funds went long on GKN (target) and short of Melrose (bidder) - called merger arbitrage. The shocking thing about the whole GKN takeover was it was hedge funds that has load of the voting rights - and they voted for the deal to suit their position. Like Brexit that was 52% majority! The world is a mad place.

The drop on PMO was inevitable. Look at what is happening to POO now from Trump's 16:00 statement. I am aiming to be in cash most of this year.

They only need to return the volume of shares they borrowed.

Mrd - I hope you have a lovely wife.

Hawkey went back to Genel.
Which given recent tensions I would avoid, also look at their last RNS - KRG just paid them for Aug 19....

Lets hope aeroplane pilots don't take off this way!

Sauer - I don't think they did. They will probably have thought there would be no issue with ARCM extending the debt.
No wonder ARCM are gutted about the short being made public, they were going to take the company right to refinance then say no. TD is in my opinion doing his best to defend PMO.

Plebs I agree with what you say. I just wish with PMO there was no ARCM. there always has to be something to put the brakes on. They have hatched their plan since 2017 - I hope they burn for it I really do. The non-disclosure is disgusting, they are trying to steal. what they have done in my view is worse than armed robbery.

I am angry I have had to sell but the fall back was obvious - why is our regulator doing nothing?
They should stop ARCM trading UK equities.

out - if they can get through this then 200p is game on.

I am going to be honest - I had no clue what was going on in the last refinance. I am just saying what I believe the ARCM plan was.

I never agreed with Sauer on "sell the CAT" but I think acquisitions right now are just wrong.

Rob - good profit. Looks like SXX also now limited to 5.5p with AAL offer.

ARCM - they are complaining about debt not being repaid in 2021 - anyone lending PMO back in 2017 knew they were not going to get it back and it would be extended further. They can say what they want but their objective is to make money, their plan is obvious:
1. Force PMO to wind down through default,
2. Get their money back through sale of assets,
3. Leave no value attributable to shareholders
4. Close their short at 0p

Can they do it? I really don't know and I really hope not. I have just seen so many cases where shareholders lose to the real owners of the business - those that are higher up on the list of preferential creditors!