Member Info for greygeorge

Thanks for coming back Isengard, now the grown up conversations can start again. I gotta go again soon though, before they start being mean to me, lol. Even 30 million in an open issue just a couple of months back though would have been a huge %age, given the company value back then. Given that they appeared to look at all options, I'd assume they thought of an open issue as well.

Yeah, it is you isn't it ? I remember you said you worked in the oil industry.

Still knitting, still watching you all losing your heads, lol.

peteb308 - is it you said you work in a petrol station ?

Oh, that's cut me to the quick, lol. No more, please, lol.

I would like to buy you all a copy of 'Investing for Dummies', but it doesn't come with crayons.

Well, we don't need a dvd of 'dumb and dumber' or 'dumb and dumberer', I can watch that here, night after night, lol.

You should pay more attention. I've called you idiot, clown, amateur, either individually or collectively for months now, did you think you were exempt from the rest of the asog shower for some reason ? Are you special in some way, and therefore exempt ?

Isengard, for the sake of argument, how much do you think they'd have had to raise from an open offer at that time ? Do you think maybe they did consider it, but nobody would 'underwrite' (ie. buy any and all unalloted shares at close of offer, for a pre-determined price) such an issue ? I don't know if they did or didn't, but do you think there's a small possibility they considered it, but couldn't do it ?

wow jester, yiou really live up to your name, lol. You stated '...your money that's been used to build the company...' So, you bought in at the IPO, did you ? If not, then NONE of your money has gone into 'building the company'.

Interesting, this post from ynot posted just a few days ago. asog have been wrong form start to finish. .........'.......Some Questions to be asked Basically there are some simple questions to be asked. Q Can the BHs survive admin or liquidation? A Universal consensus on both sides is NO or they lose massively. Q Can the BHs prevent admin? A Absolutely YES. They have $1.2 billion at stake. It only needs a tiny injection to solve the problem. Q Can the BHs resolve the problem and get a YES vote? A Absolutely YES. Simply offer an acceptable fair deal and Job done. That deal is financially viable except the BHs dont make such a large profit but they still make plenty, against what they may lose. Q Will the shareholders drive towards liquidation? A Absolutely YES. If the BHs can be more flexible there is a deal to be done. They seem to think they can carry on trying to fool us unto giving up. Not a chance. We are here for the long haul...........' As I said, WRONG from START to FINISH. Negative posting from me ? How about honest posting from me ? I think that's closer to the truth. Or perhaps you have a plan 'x'. LOL. As I said before, the nuclear option was not an option, you chose that route though, and had it come down to it, the bondholders had already built their bunker, way back in June. Hopefully if you or any of your idiot friends turn up on any other board, others will have been forewarned.

then of course, on motorways, and rural locations where there's no competition, they'll set what they can get away with. (Now someone will come in and say 'but a lot are independent', and yes they are but if it's shell or bp or esso they still set the wholesale price in their stations or to 'tied' independents).

In my area, (excluding supermarket petrol stations), we have very few BP stations, yet in other areas they are the dominant ones. I think over the years, they've (whether by design or evolution) become quite regional, bp may be the dominant co in one part of the UK, in another, it's mostly shell stations, and so on. I'm sure that's a whole new conversation though, lol.

They also need to replace what they extract, so when oil drops like it has, they have the opportunity to pick up new reserves at a discount. that's when taking on debt can be seen as a positive, I think.

I hope that's not ramping, lol, but I think the likes of bp and shell don't need a boiler room ramper or deramper like me.

Like I said before, don't view debt as a total negative, a lot of companies need it, and use it wisely Shell, BP. etc, when oil price is low, they make it back (somewhat) on refining. When oil price is high, they make it on production, AND on refining, actually I seem to recall, if you listen to them every quarter, whatever the environment they say the market is hard and against them, yet they still make profit and pay dividends, makes you wonder why they bother when it's so hard for them, in good times and bad, lol.

OH NO !!!! you mean I've been wasting my time trying to talk to lunatics and idiots ? Oh **** !!!! LOL. (Present company excepted, lol).

I don't know anything about the valuations of any of their assets right now. That could be said of any oil company, or mining company for that matter. they all have the same problem, they can survey and estimate a reserve, but until it starts flowing, and they can assess what's coming out day by day, it's an inexact science. Was it gloomy bare once said something like 'how hard is it to suck oil out the ground' ? well, it's quite hard, really. LOL. I don't think any company can accurately assess how much oil any reservoir holds until it's empty. even then, another company will come along and say 'with our new technology, there's another estimated million barrels to be recovered'. Of course, they may be wrong, lol.

I know some investors hate him (especially those already invested in the 'targeted' company, lol), but he's worth a read I reckon. Shareprophets too. I don't know if I'd avoid every stock they have issues with 100% of the time, but it's certainly worth reading what they have to say, and taking any alternative viewpoint to yours if you're interested in a share they're warning about. If you look TOO DEEPLY though for negatives, and reasons not to go with a company you think is worth an investment, you'd never invest in anything, lol. Sometimes I think if too much weight is given to the neigh sayers, then simply by them questioning a stock, this can force the price down, giving them a bit too much say in a company share price. Just question their viewpoint as you would the viewpoint of a 'ramper' I suppose and try to figure where the real truth lies. (Is that a bit of fence sitting by me at the end ? lol).

No, I think events overtook the issue of the vote. I know that on here there were all those conspiracy theories that the bh were reading this board, saw the writing on the wall, etc etc, but did they hit water, (or did I dream that ?), and production dropped (again), and the oil price sank again, I think everything was conspiring against survival. They were due to meet and vote (which they did) on 29 July, so they always had the 'final say', they'd have looked at the vote result only after considering the prevailing state of the company. Just my thoughts, what do you think ?