Member Info for greygeorge

Rrb, I really admire the effort you put into explaining your views of DEC. But honestly ? This board is full of low-intelligence, low-wealth individuals who have a cult-like devotion to DEC. They're good for entertainment value, but that's about it, really.

'...I don't understand the "DEC has run out of cash" point. At the end of H1 DEC had >USD100m of liquidity (free cash and undrawn RCF). Post acquisitions they should have an Op Cash flow of c. USD 35m per month (ex. WC)...'

Hmmmm. Where has all the money gone. They make so much money every day, every acquisition just adds even more money ever day. But...there seems to be no cash. Quite the mystery, eh ? 🤣

'...Tazed - you need to add undrawn RCF - they will only hold a limited amount in cash for operational requirements - they could increase this by simply drawing on the RCF...'

It's what they do all the time, anyway, lol. Draw on the RCF, convert the RCF to some sort of ABS or other long-term loan, arrange a new RCF, draw on the RCF, convert the RCF to some sort of ABS or other long-term loan. As I pointed out about a year ago.

Hghotshot, calm down dear, stop moving the goalposts. I understand your fear of losing up to 100% of your investment in this dog. Time will tell, I guess. As the last 18 months have proved, I'm usually right. 😊

Keep them. Sell them. Buy more. Your choice. But don't complain later how unfair everything is for poor little investors.

'... If Rrb1981 is actually posting here to try to destroy the DEC share price for the benefit of Shorters, and to destroy the wealth of private investors using false narratives and fear mongering...He effectively is trying to destroy our property, like trying to burn our homes down. I'm well aware of the nasty things going on in our Wonderful World... He's been on the Seeking Alpha board for years and he's also been derampng DEC there for the last few weeks as user Rrb1981..'

Word on the street is he's also an illegal immigrant who eats dogs, and cats, and all your pets. The New World Order Cabal has much to answer for. 🤣🤣🤣

'...going to be forced to resort to Chapter 11 bankruptcy arrangements...'

hghotshot, you do not understand what Chapter 11 is. Chapter 11 is more often than not a choice, not a necessity.

Terry, calm down dear. It's only money.

'...You can then stop looking like a idiot making statements/questions answered long ago...'

Terry, it should AN idiot, not A idiot. 🤷

Chapter 11 is pretty cool, the only ones to get stiffed are the shareholders 😉.

Hghotshot, Chapter 11 :

A Chapter 11 bankruptcy allows a company to stay in business and restructure its finances and operations.

If a company filing for Chapter 11 opts to propose a reorganization plan, it must be in the best interest of the creditors.

If the debtor does not put forth a plan, the creditors may propose one instead.

Many major corporations, including General Motors and United Airlines, have used Chapter 11 bankruptcies as an opportunity to restructure their debts while continuing to do business.

Wow Terry, you're hurting bad on this one, huh ? 🥹

'...In short I do care than someone posts for nefarious reasons in order to create FUD, we all know if you have genuine motives you would answer the simple question

WHY ARE YOU HERE...'

Lol. Terry, while you're fretting about Rrb having the gaul to post his opinion on a board that should in your opinion be devoted to the cult of DEC, Blackrock have loaned 2059347 (that's two million fifty nine thousand three hundred and forty seven) of their share holding to shorters. But you think Rrb is the reason for this dog dying ? 🤣

'...Really Boy George...'

Oh dear. 🙄

So, Terry, you seem much more concerned about what Rrb opines on than you do about the fact that Blackrock have now loaned 4.2% of the entire issued share capital to 'the shorters'. I think you should re-consider your priorities when fretting about what's posted here compared to what's going on with IIs in the real world.

See, Rrb, this is where you and I disagree. You see a future for DEC. I see Chapter 11, and a wipeout of shareholders. Rusty's already ringfenced a portion of the wells to produce healthy director's remuneration while it goes through a period of restructuring. The bondholders are only exposed to a maximum of 50% of assets so they'll be ok. The shareholders ? I believe they are totally screwed. Oh well. 🤷

Rrb, don't you find it deliciously funny that the posters on this board seem to think you and I, a couple of anonymous non-entities posting on this sad little backwater board filled with low-wealth individuals could possibly have any influence at all on moving the share price, while Blackrock are out there lending out 4.2% of the entire shares in issue to their counterparts ? 🤣

I see Blackrock have massively increased the shares they're loaning to shorters. Up from 2.53% of total issued share capital to 4.2%

30th August TR-1 , Section 8B1 - Type of Financial Instrument - Securities Lending. Number Of Voting Rights - 1244715. Percentage of voting rights - 2.530000

10th September TR-1 , Section 8B1 - Type of Financial Instrument - Securities Lending. Number of Voting Rights - 2059347. Percentage of voting rights - 4.200000

Not looking good, is it ? 🤔

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I seem to be getting twofers on this filter 🤣🤣🤣

I'll have my fingers crossed for you between 12.15 pm and 2.15 pm on Wednesday 25th so that the £3.50 commission offer falls just right.

Oh, ok. I'm with ii, the commission is only 'a couple of quid' whatever time of month you want to trade.