Have faith in Suzy...the Goddess!29 May 2020 10:00
I have total faith in Suzy..... BRILLIANT HUMAN BEING ! i have great RESPECT for her! If there is anyone who can turn this company around its Suzy! She is JUST BRILLIANT!
But i look at many factors and i still see 3p....unless we get REVENUE generating news. I have been in this company for many years... This is only my opinion and definitely not a fact. I could be wrong.
RE: Is there a leak - Looking like freefall29 May 2020 08:55
Told you all that £2 was the TOP..... No product...500 million.... Until they get the product out i expect £1.00-£1.40. Even then its too high.... I don't hold this and may consider buying at £1 -1.20 or lower. DO your homework..... we revenue...we need a product...
Paolo is the key. He should put out at statement saying how much he has invested and that he is determined to add value to shareholders. The virus could have completely bankrupt us. Good companies are shutting down. To save Attis i feel it's a great achievement. He must have worked very hard.
I bought more stock today and will consider taking more at placing price.
We all invest and the risk is always there we can lose our investment.
But selling here is silly. Its can only move up from here or go bust. Paolo has invested his money into this company so he will also lose out. Best to leave it and see what happens in next 6-12 months.
They have some cash in the bank now and if they really want to do something it is now. They can pick up some good assets. But very disappointed. Placing should have been at a better price... these guys are just giving away the company.
Attis Oil & Gas Ltd / Index: AIM / Epic: AOGL/ ISIN: VGG6622A1057 / Sector: Oil and Gas
7.00am 28 May 2020
Attis Oil & Gas Ltd ('the Company')
Resumption of Trading on AIM
Fundraise of GBP600,000 and Conversion of Bridge Loan Facility
The Company announced on 2 January 2020 that it had entered into a binding Memorandum of Understanding (MOU) with a North American focussed oil and gas company (the "Target") in relation to the potential acquisition of that company (the "Proposed Transaction"). The Proposed Transaction would have been classified as a reverse takeover in accordance with the AIM Rules for Companies and accordingly, at the request of the Company, the Company's shares were suspended from trading on AIM until either the publication of an admission document setting out, inter alia, details of the Proposed Transaction or until confirmation is given that these discussions have ceased.
Due to a number of factors, not least the impact of the Global Coronavirus pandemic on oil prices, and the current economic conditions, discussions with the Target have ceased, the MOU has been terminated and Attis will not be progressing the Proposed Transaction.
Accordingly, trading in the Company's Ordinary Shares on AIM is expected to recommence with effect from 7.30 am on 28 May 2020.
The Company has placed 4,347,826,129 new ordinary shares at 0.0115 pence per share ("Placing Price") ("Placing Shares") raising gross proceeds of GBP500,000 (the "Placing") before expenses. The Placing has been undertaken by Peterhouse Capital Limited ("Peterhouse"), who have been appointed as the Company's broker (the "Broker") with immediate effect.
The Broker Option is a facility to allow existing shareholders of the Company, being shareholders of the Company who hold shares in the Company as at the close of business on 27 May 2020 ("Existing Shareholders") to participate in the Fundraise on the same basis as the Placing,
In order to allow Existing Shareholders to have an opportunity to subscribe for new ordinary shares in the Company at the Placing Price ("Broker Option Shares"), the Company has granted Peterhouse a Broker Option over 869,565,175 new ordinary shares in the Company exercisable at the Placing Price raising GBP100,000 before expenses.
The Broker Option will be exercised by Peterhouse on 28 May 2020 to conditionally issue 869,565,175 Broker Option Shares, on the same terms and conditions as the Placing Shares.
Participation in the Broker Option is only available to Existing Shareholders and all orders from such Existing Shareholders will be accepted and processed by Peterhouse at Peterhouse's sole discretion. Peterhouse is entitled to participate in the Broker Options as principal and has undertaken to fully exercise the Broker Option.
To subscribe for Broker Option Shares, Existing Shareholders should communicate their bid to Peterhouse via their stockbroker as Peterhouse cannot take direct