Member Info for greygeorge

'...I don't want to give the secret away but selling high and buying low seems to work...'

MrG123, I owe you a MASSIVE apology.

I didn't realise you were a shorter of this company.

NOW I understand how you've been profiting so handsomely while playing the mugs in this cult for fools.

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MrG123, see I took a look at your posts since February, and all you've done is bemoan your continuing losses.

Waiting for an exit price. Which never came.

Even when this share was at it's highest point in the period since early February, you were still underwater.

Yet magically - much like Rustys' asset management, you've sold, bought more, it's dropped again, and you're STILL making money ? And all the while been posting here how miserable everything is in the cult of DEC.

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'...If the SP climbs high enough, we will all join you for an exit. Not many left who actually believe in this company for a long term investment...'

Hey MrG123, you wrote the above on 6th Feb when the SP was £13.46. Today you say :

'...I hope it's onwards and upwards now. I've bought back in all the shares I sold. Could be a quick return to £11 once the deal is passed on Monday. £13 when its confirmed as fully going through. Then who knows...'

So when did you sell ? When between Feb 6th and today ? I mean, the SP did hit 14p higher once or twice - was that enough to make you dump this dog, before buying back, as you claim to have done today ?

I don't want to call you a liar. Soooooo . What's going on MrG123 ???

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'Trust us, bro'

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I find it fascinating how a company like DEC, and before that, Globo or Afren, can invent some sort of magic formula, be it asset management, or phantom sales, or low production costs pumping oil that no other company has ever thought of, or could accomplish, can trade and get its' shares listed on any type of exchange, but then, it's a win-win for both parties.

Lenders secure loans against assets, analysts and auditors get retained, institutional investors can trade on both sides of the scales, rise or fall.

But the private investor, Jim with his 5000 shares or Terry with his 4000, they're the suckers who get left with nothing when the company finally goes tits up. The world goes on of course, and yeah even I got conned by this one, though I still believe originally he had a decent idea that worked on a very small scale but could not be repeated above maybe a couple hundred wells.

He's like the punter who figured out a way of beating the bookies. He gets lucky a couple of times, and that convinces him he's found a sure-fire way to beat the bookies every time. Well, nearly every time. Well, most of the time. Well, sometimes. All the while, he chases his losses, racking up debt, sure that the first couple of wins MUST be the norm, and not the exception.

And he's still got his credit cards to borrow off. Until his winning formula pays off.

Because it's a sure fire winner. It was once. And will be again.

Right ?

Right ?

Rrb, nobody in this cult is ever going to face facts.

They cannot come to terms with the fact that Rusty is not a 'poor manager' but a great con artist who's played these fools to make himself a nice little earner for the past 8 years or so.

He just rinses them, and repeats, over and over. And they just lap it up, because he's not scamming them, he's just a...poor manager. 🤣🤣🤣

'...Lets put it this way I believe Oakbloke a lot more than I believe anything you say and that is saying a lot! How's your ARO's doing now?...

Oh wow, lol, now I know you're either a liar or a clown, or oakbloke himself, lol. Oh, and all three can be true at the same time.

I mean. FFS. Trusting Jokebloke.

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Oh no !

What could have happened ?

Rusty must have found some new BFFs.

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Nah, Mulder, I don't have the time or the inclination to re-hash everything.

I'm just here for the slow motion car crash that is DEC.

So many deserving victims.

It's fun to watch.

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Mulder - Thanks for your enquiry.

Every once in a decade or so, a company comes along that is nothing but BS. This is one such gem. So, of all the companies I'm interested in, this is the only one I know is going to go down the drain.

I've gone over the details for the past couple of years. When it was over £20, all the way down. Some ups and downs in the price of course, and no matter what I write, the cult refuse to believe anything but what they want to believe, despite the empirical evidence before their eyes.

So I'm just observing, for the most part, a quick daily look, biding my time, waiting for the inevitable suspension of these shares when the company chooses Chapter 11, gets a call on its's outstanding debt by its' creditors, or hits some other brick wall of reality.

If a company has a magic formula, be it in the past the likes of Afren, or Globo, or a number of other companies over the years, then that's exactly what it is. Magic. Mysterious accounting, sleight of hand, to produce a result using strategy apparently overlooked for decades by larger, more experienced players in the industry.

David Copperfield used mirrors to fool his audience. Rusty has Smarter Asset Management. Or something. 🤣

Rrb, go on admit it. Like me, you just can't avert your eyes from a car crash like this.

Oh but they've all made an ABSOLUTE FORTUNE, lol.

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Terry, you really are a moron.

You think Investor Relations are going to answer you ? Why should they ? Oh, wait, you're special, and they're going to give you information that's not already in the public domain because...

Anyone care to answer ?

It's ok..

I'll wait.

Just dropped by to see how high this bird was flying today....

Oh.

Not even a bounce ?

Just left with the dead cat then.

Oh well.

Another great opportunity to fill yer already overflowing boots.

Chins up, everyone.

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Well, this is true, it doesn't matter what I say.

It's going down, regardless of what any of us say.

To £8 first, then the temple will crumble leaving all the cultists out in the cold.

Loving it, lol.

Once more, for the idiots at the back.

DEC has been lying about production figures.

What it's sold in advance, it has to deliver.

It's sold more in advance than it can deliver.

It has to BUY at spot.

As spot rises for prolonged periods, DEC losses increase.

What don't you understand ?

BUY BUY BUY Worya.

And all you other mugs. I mean, what have you got to lose ? LMAO.

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Loving it !!!

LOL.

Broomtree, it makes perfect sense if you deal in facts and not in faith.

But the cult of DEC will never lose faith -just their money, lol

Well, I've been telling you for awhile now, this is a con.

But....go, fill yer boots.

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Just keep the faith.

tomorrow will be a better day.

This bird is ready to soar.

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