Member Info for Kev4

I hadn't made up my mind who to vote for until I saw Natlata's tweets today (#Value4Petroneft). As much as I despair at the current BoD's arrogance towards shareholders and their continually later than promised timeframes, I'll be sticking with them on the basis of them being the lesser of two evils. Natlata's tweets today have no basis in reality whatsoever. The RNS states 35m will be used directly to pay for loans and a further 45m for development. This is standard business talk that one can see on farmout RNS's every day of the week. What Natlata have done is look at the RNS and ask "what question can we ask that will look genuine to smaller shareholders?" They know the rest of the big shareholders are voting with the BoD so they're targeting smaller shareholders. Anyway, aware that small shareholders hate 'conditions' they very cutely decided to come out with this comment: "Only the 35m is unconditional." They figured such nonsense would aggravate a small number of gullible shareholders and it seems it has. It's like they are asking the BoD to disprove a negative. Manchester Utd will be signing a manager shortly. Imagine the board announced his wages will be 10m per year and we promise to give him 100m to spend. Imagine if another group who want to take over came along and said "Only 10m is unconditional". What would you say? You'd say yeh but there's no requirement for the 100m to have conditions attached as we'll be giving the new manager the money when he needs it....for f*cking development, like! Natlata have tweeted an alleged concern which is actually a straw man. Their point is moot. They are playing games in a very Russian way. It is for these reasons I will be voting in favour of the current BoD.

The crisis affects market sentiment. After yesterday's meeting between Russia, US , etc the Russian markets improved considerably. What's good for Rusdia is good for Petroneft, I'd guess.

Indeed, let them duke it out. I said from day one that Natlata's involvement could only help the sp. It's quite a good position for us shareholders to be in - having companies vying for control. Natlata will make a fortune out of PTR especially when they back the farmout and when/if this Ukraine issue calms down. (Btw, in case anyone thinks I'm a ramper read my posts on AEX with whom I'm also a shareholder - a very unhappy one). Lol.

If I were Maxim Korobov I'd wait a couple of days and then announce complete support for the farmout deal. Natlata can easily double or triple their multimillion pound investment in Petroneft. This is looking good for next week.

Petroneft have been reported to AIM for allegedly breaching Rule 20. Brief Goodbody link below explains: http://static.rasset.ie/news/business/morningrep/download/2014/0417goodbody.pdf#page6

"In response to investor queries: #Natlata NOT selling @PetroNeft shares. Yesterday showed lack of shareholder trust in management. #PTR $PTR"

They talk about the farmout reassuring the shareholders before the meeting and finish with this: "As we have said previously, the farm-out deal will be transformative, allowing a complete extinguishing of group debt and enabling capital expenditures to properly access the reserve and resource base on Licence 61. Following the deal we think the group will be worth over 11p per share, rising to 14.2p if exploration is included."

An update RNS before the final signing? The BoD must be under pressure when they're forced to update us! Interesting to see how the sp reacts today and the rest of the week. I still think the Natlata interference is a good thing. Will be amazed if there are many sells today.

Very positive last paragraph or two.. http://oilbarrel.com/news/just-as-petroneft-resources-hopes-to-change-close-a-key-farm-out-deal-a-dissident-shareholder-intensifies-efforts-to-change-the-board-of-the-company

Says he will support farmout if the terms are good.. http://www.independent.ie/business/irish/im-not-interested-in-petroneft-takeover-insists-korobov-30167949.html

Most decent providers would hold unlisted company shares but whether they'd hold formerly listed and now de-listed company shares is another thing. I'd say they might but there is likely to be major charges/commission/ tax liability. Don't hesitate to ask because it's a good question and exactly what they're there for.

Ultra, I suggested earlier that if I'm very lucky I might get .5p per share. That's if they are feeling generous or if there is some investor stupid enough to buy them. I haven't noticed any offers from any of those here who are allegedly certain this is going to turn around. Feedthepony hasn't offered me (or anybody else) money for our shares!! Lol.

Mikeygit, it wasn't directed at you. It was a reply in a thread entitled mikeygit which, because of other replies, became re: mikeygit. Facts were right but yours weren't - l. Anyway, the person it was directed at has since answered me and put me in my place about his relationship with MTA. I still think 99% certainty that MTA will re-list is ridiculous. I'd say the odds are about 300/1 on that happening. We've been royally shafted IMO. In fact, any reasonable observer of the pattern of events would probably see that. I couldn't see it for ages because I had a vested interest. Now that I've stood back and look at it clinically I can see how stupid I was to invest in the first place. Given that I invested before the trade suspension and, obviously, before the de-listing, I think it would be extremely unwise to think I'll ever get anything out of these shysters.

Oh I'll sell them alright but for about .5p if I'm very lucky. That represents a major loss - not exactly worthless but almost. I admit I'm furious with the board and that's reflected in my cynicism. My posts aren't directed at everyone just the tiny minority whose 'positivity' is bordering on lunacy.

How, in all seriousness and genuineness, could you possibly make such a statement as "it's looking 99% certain that MATRA will re-list in the future (if everything goes to plan)". And you'd put your money on an AIM relisting? Did you even read the circular? "The Board currently intends to seek to have the Company listed again on a public market, potentially in the United States, depending on the speed of execution of the Company's strategy and market conditions" A few years ago this crowd 'currently' thought we'd make millions. As each year went by the board 'currently' thought we'd make millions eventually. When the share price began to plummet we were told that 'currently' it'll be alright. On thos bb some of the devoted pondered how the sp could get so low and even they started saying it was 'currently' a glitch. It went lower and lower and the company stunned us by suspending trading last year because they 'currently' were sure everything would be sorted by April 1st this year. The devoted here were not even sceptical despite the continuous flow of bullshyt pretty much from day one. No-one was allowed question the boards 'current' brilliance or they were ridculed by the devoted. Ridiculous re-opening share prices were mooted here by the devoted who were absolutely certain things would go well because the board 'current;y' said so. So what's the next kick in the b&llox for the devoted. A de-listing altogether. And still the devoted are trying to spin this as a good thing. Now the board 'currently' and tentatively suggest they might return to the markets (my a*se they will) and, contrary to all rational thinking a respected member of the devoted (respected by others of the devoted) turns that 'currently' hope into a 99.5% certainty? I fear for some of you people. Good luck, Billy. I hope your health improves.

fbrj, my point about there being no RNs was based on the assumption they de-listed on effective 01/04/2014 (or could you not read that? It's in my first sentence). Once the de-listing was announced I stopped reading their garbage because as anyone who knows anything about business is aware, the chances of ever getting anything out of a de-listed company (regardless of assets, losses, capital, everything) are so slim as to be disregarded. Billybadback: yes, this kind of business deal goes on every day of the week worldwide. It is perfectly legal. Whilst MTA's behaviour seems morally disgraceful to ordinary folk like you and I, in the business world such ruthlessness is a badge of honour. I'd be very careful of what you type here, Billy. All this macho bullshyt about beating up people coupled with your two very specific death threats from last week leave you wide open to prosecution. And yes, I strongly recommend you to let it go. Galling as it is there is absolutely nothing you can do about it. Matra's behaviour is completely legal regardless of what we think about its immorality. To the other repliers: I lost too but I hope the delusional behaviour continues. It's entertaining wondering just what it will take for the coin to drop...broken promises, a plummetting share price, more broken promises, a trading suspension, and then a de-listing. I suspect if the company and all its assets and its entire staff was blown up in a nuclear bomb, the same few loons would be here grasping at every tiny ray of hope and even predicting a date when the non-existent company will become profitable. LOL.

Since about a month after I bought into the Matra spoofing machine. The last time I called them they hung up on me.

There will be no RNS. A company needs to be listed on the LSE to be obliged to make an RNS - Matra is no longer listed (assuming they de-listed effective 01/04/2014). Anyone who thinks Barskii's - or whatever his name is - treatment of shareholders will refelect badly on him is delusional. Someone even said it would reflect badly on him "especially in the US". Wrong. In fact, in the world's leading capitalist society his reputation will be enhanced over this. Ruthlessness is highly admired in US business circles. This was not a touchy-feely, supersensitive arrangement between our wonderful benefactor and his minions - it's hard and fast cut-throat business where we (the small shareholders) mean absolutely zero to the Board. I wouldn't expect it any other way. Those saying there's still hope and that they should let be positive about things - fair enough to them. Personally, I prefer reality - one gets over the misery quicker and plans better for the future whilst not clinging to some delusional false hope. From a shareholder's perspective Matra is simply dead and gone, nada, zilch, zero and so on. It is a company that has been run into the ground by outrageous greed and shocking treatment of those who chose (some are still pointlessly clinging to hope) to believe a businessman hell-bent on wealth. We have never been remotely relevant to the Board despite all the lovely and charming emails we received! Lol. I took an openminded punt fully aware of how ruthless company owners are. I lost completely legally, fair and square. Ethics or morals do not come into it. Time to obliterate Matra from my mind and move on. Re-listing? Not in a million years no matter what ****e they tell you today. Let it go.

http://www.independent.ie/business/world/natlata-to-seek-dismissal-of-five-petroneft-board-members-at-egm-30150415.html

One of my investments is looking pretty bad too (Aminex - a fricking disaster) so I've been watching Matra's case and have done lots of research in case AEX de-list. The best description I've found is from poster Oxonoxon on II. If truth be told he is a nice guy and has more or less stated that Matra shares are completely and utterly useless but he said it in a very nice way: "in essence it means your shares will be untradeable and subject to all the vagaries of a private limited company. The only way you will be able to sell them is to enter into a private contract with a third party, execute a stock transfer form and get it srtamped at the stamp office (this is in London in the old BBC Building near the Royal Courts of Justice) and then send the old share cetifictae and the stamped stock transfer form to the company secretary to get them to issue a new share certificate to the new owner. As you can imagine finding a willing buyer will be difficult. What does this mean in reality? We have all lost our money. Unless you have a huge stake and can influence the voting at the AGM (unlikely) then you have lost everything (as have I so this isn't gloating). There remains a one in a million chance that MTA will go and do something very succesful as a private Company. if this happens your shares would be worth something again. If they also relist then your shares will also be tradeable again on an exchange - this is not the usual outcome when firms delist but is is possible - as such assume you have lost everything. Hold onto the certificiate when it finally arrives and your great grandchildren might one day find they have won the lottery (of note this latter outcome about as likely ie 1 in 17 million chance)" What I've learned is that the AIM is nothing but gambling - you may as well be playing a slot machine. Blaming the government, AIM rules etc is pure nonsense. It's our own fault. Expecting loyalty from a businessman in the same way you would from a friend is pathetic. Bastardski is not our friend. He couldn't give a flying f*ck about you or me. That's why he's rich and we're gambling on nothing but air. As for waiting until something to change on the 7th April? Cop on. Your shares and the few I have here are absolutely worthless. The company DE-LISTED! Valueless. Sorry, but frustrated at the loss, another potential (serious loss) and the sheer fantasy world some people have created around a share that is simply gone.