Member Info for Jt_bc_28

So mark to market resulting in a large drop in asset valuation. Presumably this could be related to bond holdings and possibly real estate assets? Thing about bonds is, as long as they aren't forced to sell, that reduction may never be realised. All a bit opaque though.

Can't argue with you there Musk, it was a bad buy. I have dca'd down to 0.8p over the summer to try and improve my chances. I haven't posted because nothing has really happened since the last drill. I know nothing at all about the technicalities of oil and enjoy reading the informative posts of those on here who do. My ire was peaked by the BOD issuing shares on the first day we saw some momentum. The pattern seems to be them sucking out any value that may be about to come into the stock. It doesn't mean this flow test won't be good news but imo does reflect badly on their attitude to lth's.

Rather not sell at 88% loss thx. Will just have to hope one day they get it right. If it happens in the next ten days I'll happily sell at my buy in of 2.4p and leave you all to celebrate lol.

Not exactly new, just not posted much since I joined. Frankly been sitting on shares I bought 3 years ago and getting quite negative about the way this company treats shareholders. Feeling unlikely to ever see my money back is a good enough reason to be negative isn't it?

Finding the extra cash at 0.35p Sp does not seem to me to signal confidence in what's coming. More like a cynical move to cash in at the first sign of any momentum. It also appears that adding 300+m new shares to the market killed that momentum. Who woulda guessed eh?

Nope, wouldn't know how to short and holding shares I bought at 2.5p I would love to see it take off. Just a genuine question as to why they might time it this way.

What does it tell us that they chose to issue 300m new shares yesterday? If they thought the flow test would increase SP surely they would've waited. Seems to suggest a lack of confidence doesn't it?

So, LGEN is taking on DB pension scheme liabilities to grow its business. I have some reservations about this as the reason they got closed down is they were unaffordable weren't they? I used to work for BT and have a pension now. Their scheme has been sucking money out of the company for years and continues to have a large deficit. Isn't it quite risky for LGEN to take on schemes that companies have found unaffordable? If interest rates revert to previous low levels will the risk be that they end up with a similar black hole in their balance sheet?