Member Info for gggg21

What a find this one was! Appreciate you posters here was nervous at first when I bought in just for a dead cat bounce but fundamentally the company is profitable and got away a huge placing at 10quid a share that was bought by II.

So that's the interesting bit of it all.

The Bonds mature on 27 October 2018, at which point the Issuer shall be obliged to redeem the Bonds at par on the following Business Day (being 29 October 2018). The Issuer has on-lent the proceeds of the Bonds to OSX 3 Leasing BV ("OSX3") in order to provide it with additional liquidity to meet its ongoing costs and expenses associated with the ownership and maintenance of the floating production, storage and offloading vessel owned by it (the "Vessel").
While OSX3 has been able to build up cash reserves from the on-going charter payments it receives from Dommo Energia SA for the charter of the Vessel, it is not currently in a position to repay the on-loan to the Issuer, as it is currently exploring potential options for the sale or re-charter of the Vessel which may require certain expenditure in the short term.
In light of the above, the Issuer proposes to extend the maturity date of the Bonds for 12 months, to 27 October 2019. The Bonds will continue to accrue interest at thirty- five per cent. (35%) per annum until they are repaid in full.
3. DESCRIPTION OF PRIVATE BOND ARRANGEMENTS
Reference is made to the notice of written resolution published by the Bond Trustee on 18 May 2018 in relation to the 13% Senior Secured Callable Bonds issued by OSX 3 Leasing BV (“OSX3 Private Bond Resolution”). As noted above, the proceeds of the Bonds were on-lent to OSX3 to funds OSX3's on-going liquidity requirements. The Bonds benefit from an intercreditor agreement which provides for repayment of the Bonds in priority to the bonds issued by OSX3 out of the proceeds of any realisation of OSX3's assets. The Issuer is reliant on OSX3 realising value from its assets in order to repay the Bonds. For this reason, the Issuer considers that information relating to OSX3 and the realisation of value from its assets is intrinsically relevant to the Issuer and the Bonds. In order to maintain information parity between the Bondholders and the holders of the bonds issued by OSX3, the Issuer proposes to amend the Bond Agreement, such that no disclosures relating to the Issuer, the Bonds, OSX3 or the bonds issued by OSX3 will be made publicly available by the Bond Trustee or the Issuer.
In order to provide Bondholders with information regarding the Issuer and the Bonds going forward, the Issuer proposes to direct Bondholders to the password protected virtual datasite established and maintained by OSX3 in relation to the bonds issued by OSX3 (the “Datasite”).

Want to do a summary for me or do I need to join twitter to haha

Need financing somehow though don’t they. Ast are skint. Should drag on and on and on here very cold winter ahead

Hi jester thought I’d reply here. Good trading yesterday glad I did slightly better than you. One big worry though now where is all ast money they have none no and going to be caught up in legals now going to cost a fortune. Traders exiting this morning I see placing at 0.2 or even lower? What’s your thoughts

How’s ast jester? Saw your desperate ramping over there yesterday isn’t karma a biatch at time. Easy dead cat bounce trade thanks

Think you need to own shares gell to put them in bottom draw. Nice 1m buy to get the day started anyway. Good to see pro business won and Brazil from our aspect. Anything on hold can get moving again. Bentley update from whalsay is a bit overdue isn’t it.

But didn’t aker say they are with Nuog as I suppose you were at agm Jordan belfort and went through the presentation online in detail. Seadog I read them as does others who are actually invested and interested in investing. ta for your efforts.

Looks worked and perhaps the mms were waiting for that to be filled. Either way actual sell price has risen and real spread now closed up 0.861-0.89

Just wait for another 20k buy to pop up again today that is being worked and it will move up.

British bulls - Buy The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance. https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=NUOG.L

They won’t do that until the orders are cleared that’s when we will get the 10-15% jump day

Going by the way L2 is setup and just switched I would say imo there is another large order being worked

Looks we were right seadog. Mr 20k chunk back at it

Has It ever occurred that it could actually be that knowing the character of Alan that he is of the attitude currently meh the share price can do whatever it wants and people say whatever they want as I know I have an agreement in principal for TM and everything and it will be closed when “x” happens. Of course for many aim “investors” this doesn’t suit and this is what the mms play on along with savvier investors who can sit out lulls and add

Yes but then with all those 8 areas you could argue that on the potential and assets this is currently undervalued. The Brazil deal does look very close and all plans in place to me it’s when not if. Deliver that all will be forgiven and we finally get the transformational change. The connections of Aker in place, the Nordic connections, Chinese facilitiy and companies house setup indicate all this well and the fact dommo need a different approach with TM and are desperate with their perilous position

Good summary frank on what is expected the difficulty with Brazil I get though as ourselves aker, dommo etc are all listed so I get the “no comment”. Any of it comes in to fruition this shifts big time.

Yep agreed wob l2 looking good, I think the board should have got the message. tweets are ok but give a bit more meat to the bone, we know Brazil and North Sea is on but give us a mid term update rns.

Expect to see another large trade today once the mms are done with di cking about it will move sharply up again. Like I believe someone keeps selling 1000 shares aka a few quid

Yep - was it the “fixation with Simon” comment that gave it away haha. It’s interesting watching the mms and movement lately wob favours are being done to allow large buys. Like this next week still I may try my luck