Member Info for FunkySausage

Lenin

Why is it risky to short when the company makes statements like this.

It clearly states equity funding.

Lambs to the slaughter, DYOR, only for the brave, next week will be enlightening for some.

As previously announced, post period-end, the Group's creditors approved the proposed acquisition of the Andrew Area and Shearwater assets under the amended terms, subject to finalisation of the sale and purchase agreements with BP, agreed refinancing terms and equity funding. In addition, the Stable Platform Agreement, under which the Group's financial covenants are waived through to 30 September, was also approved by the Company's creditors post period-end.

Funky

Love these boards

TA by novices

Rampers galore

Poster policemen

Gotta love retail

Should be a interesting open, hopefully our rns drops, some varied prices seem to have been posted, what a range we have, anyone from 30p - £8 for complete sale, what it will be it will be, heres a hoping for a positive week, month, year and outcome

Most should see this as a opportunity to atleast get out while.they still can before 15p arrives, with a 3 billion overhang of shares and the fact that the company has stated that the 15p issue would be a lower price without consolidation, it makes me wonder if we would even hold 15p after the RI.

I read alphamale post

Broker forecasts are generally inaccurate

Once the RI and the impairments are factored in and considered and the SP is rerated to show this and only then will this share provide a adequate base to move forwaed from, good news will come through only after this/these events are factored in.

Once all this has come to pass and only after these events will the share price look to be a winner.

Good luck to any holding through all of this, lets also not forget that we are still facing the largest recession in our life times, most likely to start really showing through once the vaccine for the pandemic has been created and furlough starts to unwind at the end of October.

Heres to a choppy 6 months, only for the brave, time will tell.

Good luck to all, whichever side of the looking glass you are seeing through

Funky

ooo she looks tasty, no RNS yet, should have the weekends media all over it, Monday could be promising

PMO holding up well so far today

Either way your going to take a hit, your decision

Personally it took me many years to get over taking loss, the amount of times I couldn't do it just to see my position meltdown

Only for the brave

Read the proposed rights issue RNS from yesterday, its all in there

Do you get it ? Are you sure, you can still ask more questions.

Available information show this will be 15p @ September 10th, if i have remembered correctly.

It clearly says in the RNS that the new issue price will be 15p

The Rights Issue will result in an offer of 3,678,209,328 New Shares, representing approximately 2,400% of the Company's Consolidated Shares that will be in issue immediately following the Capital Reorganisation and approximately 96% of the enlarged share capital following completion of Capital Reorganisation and the Rights Issue.

Taking into account the Capital Reorganisation, the UK issue price of 15 pence per New Share

Lenin

Good luck

I tried

Remember that on the morning of shock

Lenin, there's a right issue just about to come up

Better to sit out a few weeks

Funky

Lots of after hrs trade

With such a overhang after the RI, its sure to be choppy for a bit while they are all processed into the market

Indeed the financing is nearly complete, it should have been done by the 3rd but alas a complication, shouldn't be any issues, after that is the RI, all IMO ofc )

Trump won't start a war until after he is re elected, he staked his campaign on it, China is the wikd card

And we still have the rights issue to deal with, at what price will that be do we think ?