Member Info for Flightman

Could all these round figured sales be forward selling.
At a guess would expect placing at 6p

Being very quiet,be interested to hear what they have to say on developments.

Good morning Mike,do you still own all your shares as I haven't seen any TR1.

Atb

Well said FB,I evaluated the company after the Colter update and decided to take the hit,rather than losing everything.

Clear to me this company is uninvestible,and reiterate that you'll lose substantially from this level.

It's the same old ADL,dilution dilution,failure upon failure,is that going to change,very unlikely.

The CEOs of the JV partners are spinning Colter South,be very careful,the next update could read uncommercial and the market makers will once again punish the shareprice to oblivion.

What is certain is a 600M placing,and that's always at an attractive discount,however without any near term news the value will fall from here so expect that placing at 0.1,with market capitalisation of £1.2M,.

If anyone is so inclined to back this failure then at least wait for that 0.1,

Sorry to be so negative but this company has failed and would agree with FB that this could well end up delisted.

Don't be left holding the baby,protect your capital.

If they say the market has an understated view of the company's cash position,WHY didn't they tell us all the exact balance of cash today then?

They've not got near enough cash to do ANY deals,that's fact.

As FB said this isn't an Oil and Gas business,need I say more.

Short term depends on interpretation,I say within a month,you'll see a 0.1 placing.

Good luck with that Greg,but be mindful of the looming 600M placement .
I don't see any near term value driver here,that's the problem,

I suspect a full 600M placement at 0.1, and with 1.2 BN share capital that still £1.2M Cap.

FB,lifestyle this is all I'm afraid.

What the hell have they been doing,easy though just spunking cash from all the placements.

God wish I could do the same,we would all be laughing!

There's no near term revenue streams
There's no Bunga Mas
There's no Eagle
There's very little chance of anything from Colter.

Only guarantee is another 600M share placing .

If you invest in ADL you will lose 50% of your Capital.thats for sure.

Don't get mugged by these thieving bastwards,and don't end up Bankrupt!

A 25 grand judgement can go to the high court.
Wouldn't surprise me next news is a statutory demand,and you know what that means.

Something fishy going on here,I have my theory and given the appalling position of the company rather the horrendous position Pouldon now finds himself in,maybe this is a strategy to get out.

Have to remember he's fleeced holders for many years,delivered nothing whatsoever.

Where has all that cash gone,well it's not on any business deal is it.

He's made near on a million out of holders,yes and more possibly.

I do believe this is another of his pathetic moves to get out of jail free!

Very much doubt you'll ever see Pouldon at the UKIS.

Everyone thought this was the new ADL,but the leopard hasn't lost its spot.

One to completely avoid.

FB,what price that placing?

Expect that Chris Oil will partake in the next placing,
Ummmm

Seller is hammering this down,
Could dip quite a bit

So now with a third ii selling down expect this to now drop further,unfortunately it's now going to take longer before we see that reversal.
Just hold,accumulate but don't expect overnight riches here just at the moment.

Meant conditional placing,to be voted on at the EGM.
I very much doubt they'll get the vote now

Peer,how do you know this?Isn't this the condition so placing previously announced.
Thanks

Think this is now at that transition point.
Likely the seller out,but as this has been going on for three weeks there's still scepticism.

Once this moves 10% plus that's when the big move back up will come.

Personally now believe there's a good 100% upside short term.
Gla

These market makers arnt daft,they know they need to keep buyers happy,they don't want buyer fatigue particularly in a situation like this.
Suspect they've halted the offload for a shortime,,they can't have it all their way all of the time.

Suspect now this will rise 5% then we'll see the selling again.

New ii block buying off Fincap

Agree BT,let them sell,whatever their price,and try to judge the bottom,or just keep averaging down.
Personally can see this down to the 27p mark, temporairiy that is.