Member Info for keeptofacts

don't think you'll have a problem with that. Tax sorted, phase 1, phase 2, farm in and exploration ....
my target is a lot higher.

I think people just see the over reaction to the tax rns of the 14th as an opportunity.
I would think the sp should at the very least be where it was pre rns. Although it was already sitting at a carzy discount then so a decent bounce would seem possible.
Any guesses on sp when (if) the informal tax discussions put that issue to bed?

I'm rather more interested in whether Sound believe it is workable after talking to the head of the tax office, but heh ho at least you agree :)

and Sound also believe in the worst worst case scenario a manageable phased payment schedule would be possible.
so, despite what some tried to spout last week, Sund is not finished (whatever way this goes) and for whoever spouted 'dead cat bounce' the cat is very much alive.

Sound met with the NEW head of the tax authority and have instructed NEW lawyers to present Sound's case in a more structured way. (not my words). Sound remain confident of a good outcome.

whilst the price remains low I am adding, but only around £500-£1000 a month depending on free cash.
I consider what I've spent to date as cash spent so although I expect a decent return it won't hurt me if it all went t!ts up.
regular small purchases do add up though.

my view is if you remove the tax issues and there are no significant downsides here. I believe the tax issues will go away sooner rather than later, hence my buying. The Q&A gave enough hints for me.
I am NOT encouraging anyone else to buy, that's down to people's own risk appetite.

we'll get over this little speedbump sooner rather than later.

very reassuring.
I like the bit 'we have information we can't share yet that would give shareholders more comfort'

yes

Hector, possibly, but I think his/her issues go deeper than that.

You are a very strange and bitter person utility.
May I ask why you would consider saying I'm a bin man as an insult?
Personally I believe they do a vital job for society and in my view are badly underpaid (as are most key workers).
The funny thing is you keep trying to paint me as someone who looks down on others, which I don't, yet you then go and do exactly that with your dig at me and bin men. I am lucky to have a well paid job in a comfortable office, but if I lost it I would have absolutely no hesitation to take a job as a bin man if that is what was available.

eric, agreed, there is a different emphasise.
I believe this is down to the intended audience. If you are appealing a decision on legal grounds you don't go in saying 'fcuk it, you can't make us pay' Obviously it would be a better outcome to have the claim dismised on legal grounds as then everyone saves face and relationships remain in tact. my point is simply that I believe if push comes to shove the tax authorities can't come after a UK entity for tax owed by a Moroccan wholy owned subsidiary. and before he/she tries to imply I'm saying third world tax authority ... It would apply to HMRC as well. I may be wrong, but it's on this belief that I am acting.

Fernan,
I think this is critical
3. In the recent update regarding the tax claim against SEMS, you mentioned that the SEMS is “a wholly owned dormant affiliate”
Should SEMS lose the tax case in the court, is there any legal obligation under Moroccan law for Sound Energy PLC (or any of its subsidiaries) to satisfy the claim in lieu of its dormant affiliate?

I suspect (and before some tw&t accuses me of pretending to be a tax expert, I SUSPECT) this is why Graham has mentioned this in several replies to shareholders. IF this tax demand eventually gets upheld, I suspect sound can say 'not our problem' the separation of possible future liabilities is exactly why companies have wholly owned subsidiaries registered in different countries. Of course, then the tax authority might take sound to court, but that would all take years and years. Despite the last two days of people panicking, I think this is really a non-issue in the immediate future. I expect some will start sniping about me being a know it all, but frankly that will have less effect than the tax demand. enjoy the bounce guys.

it's amazing the hatred someone can hold for someone they will never meet and know virtually nothing about.
I suggest you focus on your own issues rather than sniping at me. let it go! I'm living rent free in your head. Thankfully only metaphorically.

I give up.
but please keep posting this sort of stuff, it's really helping me out. I didn't expect to get any sub 1p
that done, it's time to focus elsewhere.
sound will either work this out or not. if they do - happy days, significant profit. if they don't - it's only small change in the grand scheme of things, I'll not lose any sleep over it.
have a great day

pduk - "then all the intellectual property like seismic etc reverts to ONHYM"

please provide evidence for this statement.
It would have been a huge error in the way the various subsidiaries were set up to allow that possibility.

people might be forgetting that most of the Sound subsidiaries are UK registered NOT Morocco registered.
This specific claim is against SARL AU, a dormant Moroccan company.
Anyone else think that may be significant?

sundance - you say "So expect news very soon how the trip went if it actually did"
ignoring the fact that you clearly imply I'm making it up (what possible reason could I have to make up something easily checkable?)
why don't you simply ask the company, like I did?

you seem to make a habit of posting similar sentiment on multiple O&G company boards.
modus operandi by any chance?

I believe senior BOD members are in Morocco as I type working on this very matter.