RE: Shorters should not be allowed to buy out of hours29 May 2020 20:54
JAdam maybe learn how the market works before you make such stupid comments. Try and get hold of a Market maker after 16:30 you may be lucky and get a small trade put down as a favour. Who do you think they are dealing with after hours. Maybe speak to your broker before making stupid statements. Also ask why buys can show as sells etc.
So Sefton has invested in a company that he is not involved with but cannot invest in a company that he was Chairman of. yet set up death spiral with his mates. HMMMM something not right yet again. Is he one of the people owed money for consultancy fees???
Reece, cheap as chips!! On what basis? Any idea of the dilution ahead from the so called "Investor". I thought an investor, invested funds into a company, not invested money from forward selling then using 80% of those funds to put into the company. Or am I missing something?
Are you for real??? After all this time you are happy they have a target in mind. The impression you got here was that there were companys trying to knock the door down to get involved. Why cant they defer the cancellation because of the virus? Maybe there isnt enough happening to satisfy the FCA/Exchange/.
Less shares are you for real. It means that the company issued nearly 100% extra shares without notifying properly. How the FCA jags approved this without any directors (Sefton) getting prosecuted or the broker being fined is a joke. The 30 odd billion will be new shares for the new round of funding. Needing to lower the par value to be able to issue them so low.
So when they announced the last funding they said that they spoke to the institutional investors who were not prepared to invest at the moment but would when the balance sheet was sorted. Who are the II's? The share register is full of retail brokers. Nothing that adds to more than 10% anyway. Would retail invertors have preferred a rights issue. 2 for 1 @ 0.06 would have raised about 2m and pay huge fees to get it underwritten. Surely better than this deal. I hope the people like Pablo/Tops(honestsquaddie) etc on twitter ramping this at 0.4 are feeling good that they helped to trick PI's on behalf of Sefton. Not that Tops is paid :)
Who is going to buy when the first 2 days has done this. There is at least another 6 months of this. Before raising 1m (or whatever the amount was) with a market cap of 5m and now raising 2m with a market cap of 700k!!! You do the maths. No point in selling though with the spread like this. Who voted for this?
What is positive about issuing 300% more shares (at least) to pay what we were told was all sorted and hopefully cash positive H2? Sefton needs to be investigated for this. Please explain the positives.
I hope that none of the payments owed for consultancy or directors salary's are for Sefton. Directors should be paid in shares at 0.4p a share which was the supposed floor. Good enough for shareholders then good enough for them.
Fandg2 everyone that read the updates knows that the company is pumping oil everyday, Otherwise they would need to announce it. Boats being loaded up makes no difference unless they are more frequent than normal. But that may just be because of weather windows.