Member Info for hulltiger

Who cares ?I don't, I always do my own research.

Good morning,there is a long term bargain available.

Good morning, I have, you may not get a reply but it is good to vent ones anger

Only £350k has been drawn down and for the information on the actual workings of the loan it may be easier to understand, if you read the RN.

Hi my friend a previous poster said that only £100k of the loan had been converted, that being £350k in total up too now. The pain to come, refers to the £1.150m still to be converted. Cheers

As you say only £100k but a lot more pain to come and this bucket shop operator, is playing a blinder, just look at the conversion price. In the past the mention of CLNs and I have ran for the hills but on this occasion, I held firm purely on Paul's statement. Unfortunately this my prove to be a big mistake.

I think that this answers all of our questions.

Good morning my friends, you have been busy.

Hi my friend you are way off the mark and by example the first conversion in April was for £150.000 and that gave them l966.888 shares at a cost of 7.626p per share.

Good morning Joe, I trust that you are well. I have had a look at your post and the one hand I do not understand your motives in writing in such an aggressive manner and on the other hand you make some valid points. However I do feel that some of your points are not as accurate as you may think.

Firstly I have to agree, who are Arato Global? and as you rightly suggest no lender is going to wait until the end of the contract to recover their funds. The problem with PRD is the MC and as such. no recognised Institutional Investor will look at a company under a £50m MC. That leaves the lesser, so called "Bucket Shop" Lenders, who to be honest have kept AIM afloat over the years.

Your presumption that all of these loans are classed as Death Spirals, is not altogether true. The difference with this one is the 45 days grace given from the signing of the agreement and the lack of evidence showing any form of forward selling. At this point I refer you to TERN whos Lender was selling before the announcement of the deal and their continuation to sell aggressively left TERN with no alternative but to terminate the deal. This Lender has drawn back £250k of the loan and in my opinion most of these shares have been sold into the market.As I have said before the next RN showing a further draw down, will answer a lot of questions.

Finally I am not sure why TRls should come into play, with such small draw downs on the loan. You make some very good points but by using words like naive and dodgy, you do yourself no favours. I have to agree with you that this type of fund raising, is not the one I would like to see for PRD but it is what it is and not all bad like you seem to imply. The one good point you have failed to mention, is that total amount of the loan is recoverable into PRD coffers.

I wish you well and enjoy the weekend.

HT

Good morning, my first thoughts on a CLN deal, who is the provider and once that is established one can more or less work out what sort of deal has been struck(forget all the fancy jargon on the RN). For example if it is a well known institutional investor, may be in for the long term. On the other hand a lesser known investor, some times referred to as a flipper, will cash in as soon as possible and wreck the SP. So who are Arato? and if you Google the name what comes up? I have found very little, if anything, so what is their strategy? All I am sure of is that up to now they have cashed in £250k and in my opinion have sold nearly all of their 3.408.552 shares. If that is the case the next notification of a further draw down from them , will help us understand their strategy moving forwards.

I have decided to hold all of my shares and buy small amounts on the dips.

Just scaremongers and the podcast put that one to bed. In my opinion yesterdays drop was all about the Lender selling off shares and de risking.

https://oilprice.com/Geopolitics/Middle-East/War-With-Iran-Could-Send-Oil-To-250.html

Good morning all, at, least with the first couple of trades today the clarity of buy and sell is back.

I have to admit that even though the actual loan deal was fairly simple, the execution of it may not prove so. The recent 200k buy showing as a sell, was the reason the SP jumped, leaving me to think that the Lender has a sell in the background. I have just tried a T20 buy of 20k and it was still available at 7.385 making me think that it may be the case.

Good morning, I hope you are all enjoying a relaxing weekend. It may be that the last trade of 200k was the CLNs and that would explain the earlier sudden drop in the SP. As I have said before the Lender appears to be acting in a responsible manner, otherwise with such a small amount of free float, it could do real harm. The one real plus in all of this ,is that the cash received from the deal is fully recoverable. One might say that as they cash in, the company is building a long term savings account.

and great small cap and I am very happy to be invested.

Hello mate, there is no easy way of explaining the Loan Agreement, except for the terms and what the cash is being used for and that was clearly set out in the RN of the 15th February. The problem lies with the Lender, are they in for a quick buck /,or or the long term. Most CLN deals with small caps are done with bucket shops, who can wreck a companies sp with what is called a death spiral . Up too now I feel that this deal may have been done with a Lender, who is taking a longer view and hopefully making a bigger profit. I usually run for the hills on the first mention of a CLN deal but with PRD I felt that with the BOD holding such a large amount of stock, they would not do a deal to harm themselves. On the other hand I have not been able too find out much about Arato, have you?

I was in Tern when they did such a deal and it wrecked the sp so much, from day one, that the company were forced to cancel it and take a normal fund raise. Up to now this deal looks to be one of the better ones.

Good morning all and thanks for your very kind comments. Chislehurst, I am sorry to hear that you are a sufferer and I am sure you will agree with me, that you would not wish the pain it causes, onto your worst enemy. I have taken Allopurinol for years and watched my diet Unfortunately after Christmas I went of the straight and narrow and started eating red meat, pork pies, tomatoes and all the bad stuff and it came back with a vengeance. Sorry to go off subject but nothing much to report with PRD.

Not had much time to devote to investing over the last couple of weeks, as I have been suffering from a rather bad attack of gout. Like my body the price of WTI has been attacked from all sides, yet it remains stoutly above $60 and I find that most encouraging.