Member Info for doubleup

And Greg as for evolving lol.

Look at their history, this is a carbon copy which will end with the same results YET you say forget about the past even though its the same as what they are doing now??

How can you be so gullible ? looking at all the facts of now and then, please explain to me what has changed?

No Greg, people like you are ignoring the fact what the company has done in the past they have done again.

So CAV (largest by asset venture capital FUND) are not funding their own project of the workers?? Do you know what Venture capital funds do? they fund the projects not the other way round lol

What are Venture Capital Funds?
Venture capital funds are investment funds that manage the money of investors who seek private equity stakes in startup and small- to medium-sized enterprises with strong growth potential. These investments are generally characterized as high-risk/high-return opportunities.

If was good they should be funding ADL to do the workovers for a return to their investors.

Notice any thing regarding the below with an II and the current one?

Shall I tell you how it worked out ?

Andalas Energy and Power plc (AIM:ADL) is pleased to announce, following the announcement of our Sumatra-1 project, a placing of 1,277,139,208 new ordinary shares of Nil par value (the “Placing Shares”) to raise £500,000 (before expenses) with new and existing shareholders at an issue price of 0.03915 pence per share. The placing was led by 1798 Volantis Fund Ltd (“Volantis”) who has subscribed for a total of 1,277,139,208 shares equating to 21.33% of the enlarged share capital of the Company. Furthermore Volantis has provided the Company with a flexible convertible loan note facility (“facility”) for up to £2,000,000 (subscription price £1,800,000) to provide access to follow-on capital that will be required to develop at least one of its projects through to final investment decision.

Highlights:

Equity placing to raise a total of £500,000 at a 10% discount to the closing mid-market share price.
Volantis has also agreed to provide the Company with up to £2,000,000 face value (issue price £1,800,000) of follow-on finance via the issue of a convertible loan note facility:
The first £500,000 draw down is subject to mutual agreement and will be no earlier than 1 March 2018, or such other date as agreed in writing.
Three further drawdowns of £500,000 are also subject to mutual agreement and can be drawn down quarterly thereafter, or such other date as agreed in writing.
Issue of warrants over 638,569,604 ordinary shares of the Company with 5 year term and a strike price of 0.54375 pence per share, representing a 25% premium to the closing share price.
Simon Gorringe, Chief Executive of Andalas Energy & Power, commented, “The funds raised in the placing enable the Company to advance each of its projects. It is expected that, taken together the proceeds from the equity subscription alongside the convertible loan note would, if drawn down, provide the capital to fund the Company through to the first projects final investment decision, which is the precursor to construction.

“The facility provides the Company with a flexible funding option from our largest shareholder, which is designed to provide back-stop funding, whilst at the same time giving the Company the option to enter into alternative funding options, for example at project level, that are potentially more accretive to all shareholders, including Volantis.”

Stop trying to silence people

Why does it bother you? Because I object to what you say and give reason for this?

As I said filter me bud if you dont like or want to see what I say.

This a a board for a balanced discussion ?

Stop being so concerned with my "mental health".

Doesn't control at all, I watch many many companies to gauge how companies work and the way deals are structured to maximise returns to PI and on the flip the way companies go about to maximise life style. Need to see both sides of the coin to know. the good eggs from the bad ones.

I have stated my reasons why I think about ADL as uninvesteble to me, please correct me on anything if you see in a different light.

as I have said this is why I dont see ADL as investable, they need a change of BOD with a different direction.

This is not me saying buy or sell this is just me given logic to the current "activities".

I know a couple on here dont value my opinion and call me a troll etc etc so thought I would give my opinion of ADL and you can take it or leave it.

You can currently buy 5.5 million at 0.15 and sell 5million at 0.132, this is due to the CLN, they are keeping the price where it is moving it slightly up and down to let Optiva out at a slight profit, dont forget they make there money on the fee and the 5% discount at which they get their stock. This price wont move much up or down until they are out.

Company History.

For many many years the BOD have just used this company and to line their pockets at the expense of PI by issuing stock, promising dead deals and consolidating to window dress, then do it all over again, this you all know but some say things have changed now but I dont see how as with the I do deal they have done it again.

Indonesia.

My question is why, why have CAV got ADL in? Cav have had the asset for 8 years and are producing, why would they do a service agreement with ADL as ADL bring nothing to the table apart from funding of which CAV should not need, it should be the other way round. CAV and ADL have signed a service agreement for ADL to workover the well? in my head why didn't CAV just employ / sub contract the same people ADL have in country to do the workover and keep the profits for themselves??? The reason in my opinion is that CAV dont think it can be done (they have had it for 8 years) hence why all the risk with ADL. In my opinion ADL approached CAV offering to do it and CAV said yes as they have absolutely no exposure if it fails. There just isn't any logic. ADL have no experience as a company doing this yet they say in the RNS "For some time we have been looking for a strategic partner experienced in oil and gas in Indonesia to work and coinvest with". Again ADL have no experience and regarding co-investing its not as if they have loads of cash. I just dont get why and that's the problem with ADL, to the service agreement they bring funds, to eagle they brought funds, to Bunga mass they brought funds (200k to a deal that the company stated would cost only shares), look at everything they have ever done and its the same pattern. All I see from what they have been doing is raising cash. against assets of which dont make any sense for them to be in or are dud assets with expiring licenses.

Colter.

This was in the past said to. be uncommercial and yet again as per the last drill was said again, now the guys involved have all said there is estimated 15mil b, but this is unproven and (this is just my opinion) if I was to drill I would rather come back with something (again not proven) of what I can leave there hanging to keep investors strung along the say it was a write off. But to. drill again will cost ADL towards 1 million of which they will also need to be granted permits etc etc of which takes time, time ADL do not have without raiding the PI again.

This is just my opinion on things and a

Sap = saprolite, it’s a geological term for weathered rock which underlies the soil layers, The colour generally comes from iron compounds hence it being black.

Lol

The option may be exercised by Andalas at any time up to 6 months after completion of the 4 well workovers included in the Services. On exercise of the option, any amount owing to Andalas shall cease to be repayable. Andalas will be granted security by CAV in respect of sums advanced in respect of the Services Agreement.

Miker -

So if the remainder of the money will be kept for colter, how are they going to pay to aquire the indo stuff considering if they reach 150bopd and decide to aquire an interest then they forfeit any payments due to them for the work over?

Shareinvestment -

If people don't like what I say why instead of attacking me why don't they just filter me?

The reason is because what I say has substance and they don't like it because they are trying to ramp.

Thank you doctor.
big loss? 50k? that's part of trading and investing, I've lost more and gained more elsewhere lol.

Filter me please :)

Discredit the one speaking sense :)

It’s the only way they can try and discredit you when they know you talk facts.

why does my health concern you??

why do u care what I say?

Why are you bothered about what I say?

china - what is your point?