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Hmm. She & from Poland. Invested on LSE. But it doesn't matter. I won't post anymore here simply because I do not agree with a trolling and disrespectful attitude of some people on BB. I believe that everyone has right to opinion and voice concern over or praise the company moves. l maybe wrong in my thinking, hence any respectful debate is very welcome. However if I am called clown and **** then clearly there is no point of being a part of it. Thanks and bye. Now you can start trolling more.
Ok, I hope you are right Florida. I hoped for the same on PMO/HBR. Instead we saw a massive share shedding from creditors that took share price way below its original value. Creditors were waiting for price increase and then dumped shares. The only difference was, they already had shares given to them at the premium low price.
That's a subject to lenders holding to their shares until these reach a high value or dividends being declared and paid. Otherwise we will witness a rise to the value of first tranche and massive shedding of shares by the lender.
Debt reduction do not increase or decrease the revenue. It impacts P&L.
AC had a choice of either diluting shares ahead of increased revenue (more oil produced at higher price) or reduce his P&L by paying off debt.
His choice was dilution. This is very bad choice for us PI.
1. More shares = lower value per share
2. Big sell offs of shares converted from warrants stopping share price growing up
2. Higher revenue will not translate into dividends - this company never pays any.
In short, we just paid off ZEN debt out of our private pockets (lower value of shares and lost future profit from SP growth).
For large companies who lend money to ZEN that's a brilliant move. They don't loose anything.
So I do hope that at one point AC will look down upon us PI and balance that off with a meaningful dividend.
It will be interesting to see how AC and ZEN will handle this new dynamic in political environment and use it to the benefit of the business. News on this side are long overdue, so let's hope we can get good ones soon..