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Wonder why the sp is marked down?
Phew! I had a sleepless night convincing myself it wouldn't happen and coming up with several scam scenarios. This de-risks those scenarios now the new board has been appointed.
Are the directors allowed to sell at the moment?
The clue might be in the new name
My take on it is that they are hoping to raise most of the funds through the warrants enticing institutional investors. If that is the case I hope they have good investments lined up, ready to be announced and clients ready to invest so this can fly to 80p and beyond.
Cos it's panto season. Even if you take away Christmas or Xcite people will behave the same.
Somethng going on, can't buy online
I don't know about insiders escaping.You will probably find that the one's closest to the company are the last to loose faith.
Overman, money helps but you are right all the trappings of our material world don't make you happy. I know many intelligent people that don't conform and live very happily on a small income. As far as skulduggery the Bentley field was all about funding, timing in respect of the POO, AIM and unfortunately mistakes by BOD and DECC. There are any investors, including myself that were/are invested in XEL hoping to make their fortune. Unfortunately AIM is full of sapling companies that fail and full of gamblers that play the odds that they will fail. It's a sad indictment that we promote failure rather than opportunities. Back in 2011 when the SP was at it's peak, maybe, mistakes were made then instead of the false optimism that the SP could double or treble, then we had the disaster of the interim P2 results and the subsequent costly EWT. Since it was the shareholder that paid for that the OGA could have done more to help the company once the POO fell. After all revenue from the NS has propped up many govts in the past and they could do with returning the favour. We splashed billions into the finance industry back in 2008 as the UK's portfolio is heavily weighed in favour of the finance industry. Unfortunately we might loose that due to Brexit, we could have done with putting more into other industries.
CC, I thought you had perception " What's your motive?". It has always been obvious what Legends motive was. If in doubt then his motive is summed up in his last post. So I wonder? Maybe Legends is right about you. What is your motive?
I woud also petition the OGA and government to put forward a rescue package. Do a deal with the BH's and put a package together with gov't bonds and rbl to progress to an EPS a cheaper solution than the full FDP. This would be a positive sign for the NS and would encourage Statoil to get involved.
I wonder what I would put in a bath if I was a servant lol. I'm quite surprised you have a computer, does your servant not type out your letters on a typewriter?
Fully agree, but maybe too late to get gov funds.
What's the point you would be better off asking the government to bale the company out
The latter they had a hit called "Don't go breaking my ....."
Any thoughts on the lack of a notice?
Precisely my point Tox, if it's in there interest they will act. There could also be a political move to ward off indyref2 by investing in the NS. Knights on white horses and all that.
Tox, CC, I can't see the gov having any influence either. I suspect their hopes will be that STL pick up the pieces. However if you look at the political situation and that we are becoming more isolated from Europe it may be prudent to make a bit of inward investment as well as seen to be promoting manufacturing and industry. Releasing gov bonds to help in that area maybe a lifeline for XEL. Timescales are against that option but think of the messages that would be sent out if the gov acted quickly. Therefore thousands of shareholders making a noise may have an affect.
I don't think we will get anything from the BH's and I don't think venting anger at the ineffectual board is the answer either. After all SK and RC pumped in over a million each in 2011. I am sure they are feeling that. I would rather turn our attentions in trying to get the government involved in helping to bale out this mess.
Nothing wrong with that. Holders were just listening to the company. They still are but the company no longer make the decisions.