Member Info for kezzman

If so much potential here and ADL gonna get 8% of the Colter oil

why wouldn't anyone put any cash in above 0.45

and they've been screwed by the spivs again

buying on the great RNS release

were buying the flippers 0.45 placing stock for 0.6-0.7

400 mill shares x 5.9 £24mill

400 mill shares x 0.5 $20mill £15mill in sterling

£12 mill in cash

is it $81 million mcap

204 mill shares in issue?

£60 mill mcap

uk is only £24 mill mcap

so could double tomorrow in London?

Hi Faze1

Is this a dual list London and Nasdaq share count equal on both exchanges? So price action should mirror on both exchanges? Wondering if London will close the rise disparity tomorrow?

cheers

24 mill mcap?

12.7mill cash

410 mill shares issue

half mcap in cash looks good

will it mirror the Nasdaq rise?

but price moving down is a small placing being worked here?

or is it overhang from the last one?

supply coming from somewhere

new website

did the trick then

down she goes again

agreed

very wily indeed

Oil encountered in the southern block of Colter.
Key risk was closure, which has been proven with Colter South, this increases COS for the main Colter prospect.

Exciting week ahead sidetracking into the main fault block.

lol

Nothing happens until those in power there say it can regardless of what any company states

how many years has all this been going on now?

beaurucratic nightmare

bagger from 0.1 if it goes that low

all time low was 0.175 beginning 2016 it hit 1.5 a year later a nine bagger in a year!!!!

Another circumstance where I have learnt forward selling takes place is when companies enter into agreements such as “Equity Financing Facilities” (EFFs). These and similar agreements are even more iniquitous from shareholders’ point of view (and investors should regard the existence of such an agreement to be a “red flag”). They allow the subject company to periodically issue tranches of shares, at prices that are to be determined by reference to market prices, upon issue of a “subscription notice” to the EFF provider by the company.
What happened in practice is that the EFF provider forward sold the shares it was procuring under the subscription notice during the period when the discounted subscription price was being determined

There are two evident problems with this practice:

The forward sellers make their profits at the expense of pre-existing (and often long-term) shareholders, who’s stakes are diluted and hence devalued.

The buyers of the forward sellers’ shares may not be aware of what is going on and are purchasing shares that the company is issuing at a price that is inflated relative to the issue price.

delivering death spiral to its shareholders

I feel your pain same thing happened to me with PREM George Roach never ending dilution

The only way to play these type of companys is trade them
only scale in small and keep some powder dry to average down if all goes tts up
Or first sniff of trouble take the hit and get out with a small loss

only in small here but well down will wait till sp hits rock bottom now and average down

These type of plays are so risky that you can average down average and they can still go bust in the end

supply of shares coming can only mean one thing for the sp more downward pressure

once they've all forward sold flipped we can start rising from a new base which will probably be about 0.1

could be nice trade from the floor once the notes have been converted and should rise up fast

done

only another £1.3 million to forward sell and convert lol

sp could be 0.1 by then

how the conversion price gets lower on each conversion

how much they got left on 1.75million to go?

great

so should start next leg up once we clear these sellers