RE: Stupid does as stupid wants27 Sep 2019 14:06
Trellis et al,
Any RNS along those lines IMHO will probably be entitled, 'Marketing Update' or 'Marketing Update and Raise Of Equity'. If we see something that resembles the aforementioned, then it will probably because we have been unable to secure a credible offer and thus are forging ahead with Te-11, our final drill in our 3-well drill campaign. I can't see them securing funding, so my estimation would be another equity raise and with this, more shares being released and flooding the market. The share price IMHO would initially fall to around 4-4.5p and then would continue its downward movement to the 2p-2.5p zone as news won't be very forthcoming on the build-up to Te-11. In other words, a bit of a disaster and hence why the likes of Crudehope are holding fire just in case this nightmare becomes a reality. I won't be throwing any more money at this dog of a share and just hope that one day, I'll recover my monies. Anything more is a bonus.
What is perhaps more worrying is that "Pinocchio Parson" as others have named him this morning, hasn't come out attempting to defend himself or the company or his position. It's as if he has nothing to defend himself with and is merely hunkering down in his bomb shelter preparing himself for WW3 and the anger and rage that PI's will display if we are subjected to a "no deal Souxit."
Silence is always, always a problem with AIM shares. Using language such as "we expect...." nearly always means that timelines will be extended and ongoing. Funnily enough, George ****roach of PREM used the same words this morning in his equity raise RNS according to STZ. I haven't yet read the RNS but will do if I could be bothered.
Crudehope? Your flip flop in emotional state from being positive to pragmatic is just as worrying as Parsons' silence. Have you heard something? It just about sums-up our situation when Parsons' most trusted disciple doesn't have 100% faith that his master will deliver #dreamsinthedesert. It reminds me of one of Jesus' disciples, Peter. 'Peter's denials'. Have a read of it in Mark's Testament.
JTF
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