Member Info for JezTheFez

My brother may be a window licker / fluffer, but at least he knew when to exit SOU and win his cash back via EUA, which I see has had a stonking day.

Jones - the funny thing is, it's planks like Destroyer who actually believe I live above a chip shop.
And my brother is not imaginary either. You should see how he farts every night when he comes back in from the Call Centre. That is very, very real. I'll bottle some of the gas and save it for you if you'd like? Pure Chuckle Energy gas. None of this made up nonsense about fantastical BCF's and TCF's. If Marco wants to invest in some gas, then look no further than Chuckle Energy plc. Give us your millions and I'll happily fart all day long into glass bottles. Oh and for the record, I am Grade 8 piano, can sing well and impersonate many famous people including Elvis. I can even do a decent impersonation of the SOU BOD.

Go away, Destroyer. You have failed....that's right. In more ways than one too, pal.

DESTROYED....

Destroyer - DESTROYED.
You are an utter plank.

Sound Energy, the Moroccan focused upstream gas company, announces that it has today been notified that Brian Mitchener, the Company's Exploration Director, sold 500,000 ordinary shares in the Company at a price of 1.71 pence per ordinary share on 31 January 2020 (the "Disposal").

Following the Disposal, Mr. Mitchener is now interested in 5,455,555 Ordinary Shares in the Company, representing 0.47 per cent. of the Company's issued ordinary share capital.

Mr. Mitchener will step down from the Board with effect from 31 March 2020 and the Disposal is part of the intended sale of a proportion of Mr. Mitchener's shareholding in the Company to cover tax and national insurance liabilities arising from an issue of new ordinary shares to Mr. Mitchener announced on 27 January 2020.

What does the above tell you? It tells me that there is no deal forthcoming and Mitchener is grabbing what he can before he jumps ship. There is plenty of time from now until the end of the tax year, but he chooses to sell today. Why is this? Ask yourselves why he is selling NOW and not after the 14th February? The writing is firmly on the wall, ladies.

It's funny isn't it? The ones that are telling others to go get a hobby or read a book etc are the very ones that linger on this board night and day. Destroyer, Tableleg, KYF, PS200306, Soundingoff etc are all guilty of this and love to man-guard this share.
Meanwhile guys and gals, have a look at the share price. Two RNS's inbound too - most probably price monitoring movements. Yawn.

When have SOU wowed anybody as of late with anything they have done? They have a nasty habit of just messing everything up to the determent of the hardworking, honest PI. I don't see the changing their habit now or going forward and that is why I believe the writing is already on the wall. The target price here, as TW would say, is 0.0p ultimately because they will IMHO run out of money should there be "no deal." On the news of there being "no deal", I think the share price will tumble below 1p. Crudenohope will still be waiting for his top-up. That's one thing that I can say with some certainty!

I'll wait and see what the next two weeks brings I think. I remain unconvinced though.

Even if a "deal" is going to happen, then SOU will just be a shell company. That's maybe why the personnel are all going. What does that mean though for the humble PI? Will there be an annual dividend payable to PI's linked to the quantity of gas that is discovered? SOU is carried until First Gas, but perhaps not in the way people assume. SOU will still need to pay for a share of some of the works and hence why at the very least, I expect there to be further dilution / fund raising. I'm just concerned what effect this will have on an already low share price. My prediction of 0.95p I believe will happen.

Samba,
Never catch a falling knife, mate. You may just cut yourself. It happened with me over at AIM uber dog, MYSQ. That lesson cost me a new car and thousands of pounds. Never again.
JTF

So sad to see that so much good money is being thrown after bad money here. Or should that be bad money being thrown after bad money? I can't understand why people can't see that the writing is already on the wall here at SOU. Everybody has announced their departure date apart from the one bloke who is owed circa 30 million EUROS. I am still baffled as to why some of you believe there will be more drilling and exploration happening here. And where are Schlumberger and what do they have to say about this circus show? There won't be a "deal" to speak of come 14th February aka 'National Impotence Day' and don't say I haven't warned you all because oh boy I have! Salvage what you can from this dying carcass before the last pound of flesh is chewed off it. If there's no deal then there won't be any money left after the severance payments have been dished-out. Trellis's SAG has spooked them all and has been a bit of a thorn in their side and hence why they are all jumping ship, but not before they line their pockets one last time....in plain sight. Parsons won't leave. He's like an annoying itch that won't go away. Why hang around in a consultancy position until mid May? It doesn't make sense to the average PI, but it no doubt does to him. That date holds a significance, which I have yet to figure out. I think it's time for Tom Winnifrith to do some rooting around to see what he can dig-up. Somebody send him an email and ask him what he has to say about all of this. Right now, he's busy nailing a few other AIM dogs, but I dare say SOU will very soon fall under his radar again. Next week will see more radio silence and the continued drop-off of the share price IMHO. This share is about as exciting as a kick in the nether regions. Good luck one and all because I think you are going to need it in droves.

Trellis's SAG is designed to help all shareholders yet you mock him and it. That's shameful. You will get what is coming your way and don't say I haven't warned you because I have. The share price continues to fall. What will it be next week and the week after? You are in la la land, pal.

Tableleg - you are my favourite one-legged table. Wonky and unstable yet hopeful that one day you'll grow and extra leg.
There won't be a deal here, mate. I think you should head-off for your French polish.

JJ is leaving next Thursday 6th Feb;
BM is leaving 31st March;
Parsons is leaving May 12th;
Simon Davies has already gone and is somewhere in Switzerland??
Marco - TBC and only because he is owed a shed load of dosh.

You couldn't make it up if you tried. It's like The Wolf Of Wall Street film.

Jizzy

Goof sentiment, or bad as the case may be here at SOU is a more powerful force than any NAV or share price fundamentals. The rise to over £1 was almost entirely made up of pure hype. The drop down to present levels is due to poor results at the drill bit and really poor sentiment. Ironically, the real fun and games are just about to take place here IMHO. That's why the SAG via Trellis is of such importance.

Jones,
Frank is no longer invested here. I spoke with him a week-or-so ago and he confirmed to me he has no SOU shares and got out quite a while ago. I think it was after the TE-8 results that he and his mate, Lobon got out or around that time anyway. Lobon held and I think still holds some warrants at 15p/16p but unsure if he has exercised those as of yet. Not really my business if he has or hasn't!

We were all supposed to have a great 2020.....every one of us. It's such a shame it has come down to this. It's nothing short of a total disgrace. I hope that karma prevails. Lives have been ruined and dreams have been dashed.

Levelup,

Actually, I had a read of one of the recent RNS's and I am wondering whether or not BM's shares have already hit the market? The RNS refers to "on or around the 25th January" and not today the 31st January. Where did you get the 31st January from?

From the RNS:

At the Board's request, and to enable the Company to conserve cash balances, Mr. Mitchener has agreed to accept new ordinary shares in the Company ("Ordinary Shares") in settlement of termination of his employment contract. As a result, the Company expects to issue new Ordinary Shares, at the then prevailing price per Ordinary Share, with an aggregate market value of £107,983 on or around 25 January 2020 (the "Settlement Shares") and a further announcement will be made in this regard, as appropriate, in due course.

Frank went the extra mile for us and his reports were very detailed. He is definitely not to blame at all. Sure, many of his share tips haven't come into fruition e.g. AAOG, KENV and even shares like HUM and CORA haven't seen huge spikes in the share price despite having bags of potential. His latest tip is LVCG, which looks interesting. You will see his various posts on that bb. The share price there is struggling these past few days-or-so, but Frank is adamant that they will have a decent 2020. Have a good weekend one and all.

Nah, Frank is a decent lad. He like us got a tad carried away by the potential of stumbling across a major gas fine here, but unlike most of us, knew when to bail / cut and run / sell-up in search of something better. You can thus call him one of the sensible ones because there are loads of punters still trapped in this share with relatively high averages.