Member Info for Ilovesushi

I doubt they can issue more shares. No one wants them. So if they cannot issue shares there is no cash and it all folds. Better let it go. Do not put more cash here to support the lifestyle of the management who have failed. There never was a gusher. There was a water well which had a bit of oil with it. NEVER COMMERCIAL. Shareholder led up the garden path and deceived. Avoid any company that gets support from RiverFort Global Opportunities PCC Limited and YA II PN Ltd ("Investors") These people seem to just make matters worse. God knows how they make money from this but they do or why do it? Do they push the price down and they get shares at a lower price? Surely it is time for ADMINISTRATION

Why the hell did you people give authority to issue more shares? Downward death spiral by the usual backers who in my opinion look like they forward sell then buy into the heavily discounted share issue. So what is coming next guys? Can you work it out? It cannot be hard. You are all going to be diluted again. Would have been better for all not to have given the company any more authority to issue shares. They need more money now to keep the gravy train and the life style up. Share price to continue to fall to nothing.

Looks like it is going under and shares will be suspended.

LOOKS LIKE ANOTHER FUNDRAISE IS ABOUT TO DROP AGAIN. HOW MANY SHARES THIS TIME? WHEN WILL IT END?

When you start borrowing from RiverFort Global Opportunities PCC Limited and YA II PN Ltd then give them shares, you can expect you are in a death spiral. As we can see here. Its not surprising these people convert. Do not know how they do it but these people seem to make money out of a falling share price. Cant believe they are losing money.

Disaster of a company. Get rid of the management. Why the hell did you people give it more authority to issues shares? Now what is going to happen? You are all turkeys voting for Christmas. Damn.

The worst thing it did was to get into Türkiye. For God stake stop buying its shares, but first stop giving the company authority to print more and more. Let it die a slow death.

It still cannot make a profit and probably needs more cash and thus more dilution. AVOID for God sake.

Just spent $10M over the last few months. Now market cap on $2.M. Damn big value destruction going on here. I do not see them getting further loans. Administration soon.

Up 11%

This would make a lovely purchase for Fraser`s group and or Next. Will have to be taken out at a few multiples of the correct share price.

Could multiply from here. Not great for the long term holder. Something here for the speculator.

This area requires further expensive horizontal drills sometime in the future. But first huge discounted share price of billions and billions of more shares. But even before that, there needs to be a consolidation.

This thing is kept afloat buy funding and nothing from these two wells changes that. GET OUT NOW.

You are all told that there could be 6 to 12 times more if wells are drilled horizontally. Nothing to see here.

You cannot just assume that or even expect such and such if such and such is done. Hyperbole. Its what they got now and that is nothing. More drills and more costs. ITS A FAILURE TO ME.

Its expectations and expectations and that is it. Its not enough. Cash flow will be years off. If anything all that can be expected now is more funding for more expensive wells that have no guarantee to produce.

Tens of billions of more shares are due and will be sold at a huge discount. Expect 0.10 share issue with consolidation to follow wiping out all long term holder and even the short term holders. STRONG SELL

25.12b as we speak. It will be 40b by the end of the year. That is if the nominal value allows and the company is given the authority to issue that many.

Then it is consolidation time and rinse and repeat. No over-valued with little to show for it. STRONG SELL. BIG FUNDING TO COME.

Looks like the next share issue will be about 0.1 penny. Can someone remind me of the nominal value of the shares? STRONG SELL

Put a positive spin on things and hid the main part. MORE FUTURE HORIZONTAL WELLS ARE NEEDED. They will not make money from these wells with such small flow rates. FUNDING TO COME

The company has huge market cap and just two non commercial wells. Money must be close to gone and it needs more funding for expensive horizontal wells. Some time in the future.

BIG FUNDIG TO COME. SELL SELL SELL.

Going to cost a lot more than these drills costs. Big funding to come with heavenly discounted price. They will need a lot of cash. And it is sometime off in the future. Yes there is oil there. But it is not coming out easily and need horizontal wells. These vertical will not do it. DISAPPOINTING. Poor rates. With high market cap and more funding to come quite soon, it is a big sell. GET OUT NOW

Looks like they are putting in plans to do the next wells horizontally. Those wells will cost more so another 1-2 more funding rounds. These two wells are non commercial with so small rates.

Now they hint that they will up the rates with horizontal wells? Hope they do better with the 3rd pay zone. These rates do not justify the huge market cap and further shares hitting the market. God help those if the horizontal wells have issues and cost the earth to drill. Not as good as I expected. One loan alternative voice here. Any rise here should be sold into. Poor results to me.

The company will have no choice but to suspend the shares and put the company under administration in order to protect the lender and protect the assets. Nothing for shareholders left. Avani will not advance further loans. There is no point. Wind the company down and take all assets to cover loans.

Small shareholder will not want to see this outcome but it is coming. Why put more in and keep a listing? It will get the company for free by refusing further loans. DELISTING on the cards.

There is no viable business here. With staff gone, there will be little production. No value left here for the shareholder. Someone will take this over from ADMINISTRATORS. We know who will work this out. Shareholders to lose out.

STAKE-BUILDING.

Game is on. NEXT must be looking as must FRASERS. Soon as they buy its a bidding war. Very nice.