Member Info for Ilovesushi

0.08 coming and with it a consolidation.. AVOID

going up nicely now....

Bounce Time.

I am guessing it is dilution as early as Monday morning. 0.080 per share. And this amount it will raise will not be enough and it will need others. As too many shares it will consolidate soon. Then rinse and repeat...AVOID

They will not get funding away for anything more than 0.018. Then they will have to issue too many billions of shares. So its consolidation time. Then will that be the last of the funding. There will be more after than. Can see this going to 0.050 and below in old money.

Dilution is getting closer by the day. This company has always issues shares. It does not make money does it? Will it ever? If Gatwick was so good they never would have gone to Turkey.

buys flooding in again. Nice

Big buys coming in now..

This is going to grow into something big. Now it got someone who knows what he is doing leading it.

I just bought 15,000 as it looks like it is going back up.

With lots of excuses about volatile share price and attracting institutions and why it is not good having 15 Billion shares. So 100 to 1 at least. Every 100,000 shares will quickly become 1,000 shares. And you will always loose as the price of the share never moves in line. Then wait for the dilution at the same time or soon after. These guys need their wages so they have to move to Turkey as the gusher is not gushing. Unless it is water. Now why does the company not admit it got big issues with water intake? Get the dilution away first.. Then share the problems..

Would not surprise me that a rise will be engineered here to off load forward sold shares. When they are off loaded the announcement is made. Dilution at such and such discount for those who sold into the rise. Its supposed to be illegal I know but this is AIM how else would any one forward any financing? Who will give money then let the company announce dilution, where they lose money instantly?

They have got their shares, could be borrowed shares, and when they are sold the announcement will be made soon after. Dilution next week is my guess. 0.080 - 0.10.

How else does AIM companies get their cash. They will do it sooner than later and before any results are out showing little if any income.

When are they expected? Produced late because of Covid 19 no doubt.

I am having trouble working out how much income this outfit has. The numbers do not balance. I do not know if they are deducting the number of barrels with the water content and the actual income which seems to be almost nothing and do not cover the wages of the boss and a secretary...I wonder if they have enough income for to pay for the office.

June 2020 half year results:

"I acknowledge the concerns of private investors about 'dilution' of shares in the Company. However, it is our view that, particularly in these financially uncertain times, raising funds from equity remains the most prudent and only feasible way to fund projects that can add substantive growth in the asset value of the company".

What`s next guys?

Shortly the company could have anywhere between 15 and 20 Billion shares. And as should all know this is supposed to
caused volatility.

Shortly the company will say itself there are too many shares and to make trading easier and more acceptable for institutions to purchase they will do another consolidation. Then we know where that leads?

Confetti time.

If the share price goes to 0.10 before the next funding then there has to be at least 20% discount so that would make it next funding round of 0.080.

Only being announced after the funder has sold advance shares. This is AIM guys. How do you think they dilute?

The wells will be self funding: Never believe it. These guys only make money when they sell their worthless paper. Called confetti. Dilution coming next week. Or there about. Always you get news to let someone self yet to be issues shares, then bang. Only question is will they use :Primary Bid? And at what price? I say sub 0.10 in the region of 0.085

Then their will be about 20 Billion shares in issue and then it is consolidation time. Then rinse and repeat..They call it AIM

will they use Primary Bid this time? 25% discount?

someone is selling shares he does not yet have. When he has reached his limit. The announcement is made. Then he gets his discount. Always done after news. Rinse and repeat a dozen times.. Poor shareholders diluted to death...And the next dilution will not be the last.....

When funder has sold all his pre-issued shares. he tells company, then bam. He gets loads at a discount to cover what he already sold short.

Funding of "INITIAL" initial Turkey operations costs achieved via £2.2 million placing.

Anyone know what the word initial means? It means more is needed right? 0.10 and below then. Bit of news make share price go up, funder sells his pre-issued shares and bam; funder gets big discount.