Member Info for Kasjnaton

If Sound have no immediate or even medium term financial issues what are their concerns with having independant auditors checking and confirming those accounts? If anything it would help restore some confidence in the company and may, heaven forbid, actually cause a small increase in the share price.

As you have said the $7.3 M is unaudited, with the board having been very reluctant to answer questions on this subject.

There has been failure after failure after failure, the BoD need to do something to restore confidence in Sound to be able to deliver on the plan, relying on hopes and dreams and ignoring cold hard facts is not the way to run a business.

MMgames
No problem at all with your comments, this is a discussion board afterall, the main concern that I have is that we have no idea at all as to the financial well being of the company, and how much longer they will remain in business for without a fund raise.

With the share price as it currently stands how are they going to raise any significant funds to get them through until August?

Especailly as further dealys cannot be ruled out.

With RDSB, it is a very well known company, a diverse range of assets and income streams and a decent dividened, it fell from over £20 ps to not much more than £9 ps, it managed to regain some of those losses and rallied back up to almost £15 ps.

PRD has never even reached 12pps, it's long term average is about 6pps, they have plenty of potential and CO2EOR going on over in TnT, and SDX has of course proven resources, these companies have at least regained some of those losses over the past few weeks.

Sound has done nothing but decline in share price since the end of January last year, from about 25pps, (which incidentally is way above any historic PRD share price) and has not shown any sign of recovery.

This partial sale of the company to an unknown organisation does not show any signs of materialising due to whoever they are struggling to find the funding.

Is the potential there in the asset? Yes of course there is potential there but the management have made error after error after error.

Are you sure that there is sufficient time for Sound to get all the COGS in place?

I really do wish all the best for everyone that has invested and remains invested in Sound Energy but I just do not see where sufficient financing without massively diluting the shareholders will come from.

Trellis, thank you very much for the letter you have put together on behalf of SAG, you have raised some very important points.

So whilst Sound is languishing at a penny and doing nothing, with what looks like no future, a number of other stocks in this sector have seen increases in their share price since the impact of Coronavirus was felt.

RDSB from lows of about £9.20 ps to about £14.80 ps

Even more frustrating are the other companies that operate in Morocco, SDX has gone from 12pps to 14pps and PRD has gone from lows of about 1.5pps to about 2.6pps.

So although SDX is not a massive increase it would still have been a better return and of course PRD has done ok so far.

AE, I agree with you completely about ensuring you eat the correct foods to get the nutrients you need and taking vitamin and minereal supplements to enhance your diet.
What you do not yet appreciate though is that the Coronavirus is distinct from the flu and other viruses, it is not as susceptible to higher temperatures.
Thank you for the information about Shane Ellison, The People’s Chemist, I shall take a look at it later.

Just want to bust the myth that is currently circulating, there is no evidence that the coronavirus is susceptible to higher temperatures.
Just look at the number of cases in the far and middle east.
Additionally your apetite may feel suppressed, it is important though that you do eat, your body needs the energy to help fight the infection.
Take multi-vitmain and minereal supplements to help give your immune system every possible advantage.

As stated previuosly, if anyone has any copies of any media files associated with Sound Energy please could they forward them on to me, thank you.
my email address is;
sagejbh@gmail.com

Yesterday I had a post deleted, it contained a link to a copy of Trellis' letter, the reason for me posting that link was because of an email I received from Trellis which stated the following, and to quote;
"Have updated letter was going to send. can someone post it on the BB for discussion?"

Since Trellis is emailing this letter out I shall not post the link again.

I will only say that those of you who are trying to discredit Trellis' attempts to get some honesty out of the board are showing very poor form, especially when you consider the conmdition of both of his parents.

hahahaha
Goodnight

Cyrililc does not copy across :(
Ya znaio odin ele dva slova
(not sure if the above is correct)

With suifficient Vodka I have many imaginary friends ;-)
Spasibo
As for Russian;
? ???? ???? ??? ??? ?????

Then what I have written is sufficient to entice Jez away from your boards, or I shall have to work on my negotiating skills...

Russkymole, I have posted a message on your BB requesting Jez's return to here, I hope that it is taken in the spirit with which it was written.

Jez

Could you return back to the SOU board please, I only ask that you do this for sufficient time for me to be able to obtain a bottle of vodka off of russkymole. I am more than happy to share the vodka with you.

However if it is a cheap bottle of vodka I shall let you have the lot, it should go well with your spam fritters.

Regards

Kas

No worries, all I think is that everyone wants the best outcome for share holders, just happens to be lots of different views in how to go about it.

You think that I am wasting my time on here purely for reasons of a vendatta? You have to be joking.
Do you not realise just how poorly JP is thought of? Surely you saw the share price increase on news that he had quit Sound, and then the subsequent fall when the following RNS stated he was going to be staying on as a consultant to push the deal through.
The man is a pure martyr isn't he, still thinking only of the PI's even after the death threats he received.
By the way I do not condone in anyway those threats, although I do understand the anger that people may have against him.
Furthermore I do not wish to start anything half ****ed, this is why in the first instance I was asking for copies of the deleted media, without that I do not think that any further steps can be taken.

If a meeting was arranged for Sound PI's to attend, would anyone want to turn up to it?

Hindsight eh Crude, just like JP's at the deep dive when he informed everyone he was selling his shares.
Surely at this point when JP realised that the risks to himself were so high he should have perhaps thought that the risks for the business were also too high and adopted a different strategy or raised extra contingency funds then, no?

Soundingoff, I apologise for the error in my calculation, you are correct.

100% is £1.58 ish per recoverable TCF
47.5% is 75 pps per recoverable TCF
23.3% is 37 pps per recoverable TCF
14.3% is 23 pps per recoverable TCF

The above have been rounded to the nearest penny and based on the assumption that there will be no further dilution.

Indeep have you looked at the RNS and carried out any calculations?

If we consider a best case scenario of no further dilution then this is what we can end up with;
currently;
1 TCF = 0.75 pps 47.5% of 100% of the licence

After selling off 51% of the 47.5% then we end up with;
1 TCF = 0.36 pps 23.3% of 100% of the licence

If the 9% of the 23.3% remaining is exercised we are left with a 14.3% interest;
1TCF = 0.11 pps approx 14.3% of 100% of the licence

Of course there will be further dilution, and if we take Sounds mid-case estimate of 20 TCF with a 50% recovery then if we are left with 14.3% of the licence area you'll be lucky to see 80pps over many years.

The only benefit of selling off the other 9% would be as an incentive to find commercial gas quickly.

As has been stated why not get rid of JP, this act alone would raise the share price, put out a plan of action so that investors know what is going on, and drill more wells.

We surely would not be any worse off under this scenario than the one JP is currently pushing ahead with, and the upside would be far greater.

Trellis did say that his dad was not feeling so good and there would be a delay in him sending a draft out.