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I still firmly believe that City Oil will take off. That said, based on the performance of the share price RP needs to act fast. Every single investor is now offside. Including the major shareholder who started buying in mid 20's. If I were him I'd be asking serious questions.
Come on RP. It is about time you started delivering to shareholders.
I am mystified why we are down here. Progress in the US is brilliant news with 'immediate sales' being cited by the partner. With City Oil too, in advanced stages we were trading near to 20 pence after Paris and City Oil purchased more shares.
A healthy endorsement and extremely positive news.
Frank Salensky, Greffen Systems CEO, said, "I am pleased to meet Sabien's executive team here in Houston and welcome Sabien's commitment to Greffen and the US market. We have enjoyed commercial success with M2G over a number of years, but the addition of cloud connectivity will provide significant additional benefits for our clients. The new M2G Cloud solution is the game-changer we have been waiting for, and we expect to see a significant increase in sales almost immediately."
Did they recognize him when he went to work this morning?
That aside, like a previous poster there is big new flow coming up in the next few weeks/month. This SP is too cheap now to ignore especially with City Oil at 'advanced' stages.
GLA
Perhaps RP should communicate better with the market. We are here again on the lows and every shareholder that has ever invested is offside, including those before we went 300/1 and more recently tapped at 10p.
If you were to judge his performance on SP alone he has a lot to answer for. It is all well him buying shares but he is taking a salary at the same time. Here is hoping for some positive updates and a city oil green light. Seeing the share price down here is starting to test my patience with him. That said these are weak sells and somebody is going to regret bailing at a loss. Even without City Oil we are now undervalued against the boiler tech side. BEGRUDGINGLY adding but not convinced with RP's attitude towards shareholders. Let's hope I am proven wrong.
With a trading update well over 2 months ago and no news since, you could look it at two ways.
The CEO is so confident City Oil is going through (we are in advanced stages as per last RNS) he will just drop the bomb when it happens. After all, he is invested and at levels way higher than this.
or. He couldn't care less.
I feel something big will happen soon, these are weak sells down here and have been picking up bits here and there to add to my very offside stock!!!
Come on RP.
Advanced stages ref City Oil. The reason I am in it - not to day trade and watch the MM manipulate the price.
Well done RP for adding @13.00-14.00 with your own money and updating the market. I'm still not 100% on you but there appears to be some progress and more communication. More M2G wins please as City Oil progresses.
RP did not load up last month on a punt. So it is not if but just a case of when. If, like me, you believe this will roll out, then the SP is ridiculously undervalued. So why do some investors hold for just a few hours or days? Selling into the levels where the 2 x major shareholders add is just plain stupid!
As expected the MM are manipulating the bid/offer to short cover. Approx £13k either way and we are nearly 10% down.
They will run for cover when the next buyer comes in or there is more news. Ignore the noise, the trend is still higher and the price action suggests the MM are short. GLA