Member Info for kylie75

It's telling you're going for the person and not the argument KTF. It's less than none of your business, but the same as pretty much everyone else, i'm here there and everywhere to make (or at least not lose) money. originally posting here I hoped to gain useful insight, however as I am sure you can understand, I have been hugely disappointed and underwhelmed on that front. i'll push on though, I am sure things might change one day.

Sundance. You posted on 8/9 at 14.24 you sent an email to GL. Out of interest, did you get a response? Wondering if you were one of the lucky few!?

All of this is irrelevant to the near and unfortunatley long term sp. and it's the sp that any sane investor is interested in, not how well the company are doing, as they are not always correlated, as said many times.

the problem is there's a trust risk factor at play here. the market just doesn't trust what the company says or does any longer. it does not trust that management are acting in the best interests of shareholders (they are blantantly not, nor have they for years), and they don't trust the timelines, communication nor projected forward costs.

When you add all this up, the problem is, that combined with enourmous already known dillution (of assets via the proposed CalVal deal) and the still unknown financing deal (what interest rate will SOU be charged....? Unknown!) and the beyond-stupid CB short term financing, I see 90% dillution ultimate of existing SH compared to prior to these deals. So you will likely own just 10% of what you did before. So anyone hoping in their wildest dreams to get 4-5p, needs to readjust to 90% less in my view. Clearly I see the sp falling much much further and there will be some huge RNSs forthcoming where this dillution becomes apparent as the interest related shares are issused to the lender (likely to offset all the shorting they've been doing for weeks and few on here believed me when I pointed that out.)

So none of that matters to a SH, as if it all goes swimmingly, you'll find ShareAngel will massively drop their 4.6p most recent target to something a magnitude lower soon, as SP merely reflects what value there is assigned to each share. If the number of shares balloon (as they will) and other diution of assets mean future cash flows from all this potentially good progress means less and less can be proportioned to each share. You're basically looking at the wrong thing here, none of what you posted really matters if you are getting dilluted to oblivion, it won't reflect in a sp at 2,3 or 5p, let alone anything higher. SOU really is a perfect example of the AIM market scam and how retail investors get bled dry through questionable practices to fund companies which more sensible lenders would not touch with a barge pole.

KTF - once you've done your 9-5 working in converable bonds (cough cough), do you happen to go by the name Sarah Dees by chance? Whispering sweet nothings into the ears of anyone willing to listen on here? I think you just showed a little to much leg there, your last post was written by someone with ulterior motives. Don't worry all, you're all fkd as SH and I've been posting utter carp for 5 plus years, but job done, the company is ok even if you long supporting SH have just been backed over for good measure for about the 4th time in this company's existence.

That is one of the very few things you have ever posted that makes a modicum of sense KTF, but there's a couple of related points. I've stated this many many time this point. GL, GD etc, they ultimately couldn't give a stuff about SHs, none. They own very few shares and the ones they do own they paid zero for. They care about progressing the company and if this doesn't convince people they'll throw existing SH under the bus to try to (al least) achieve that, then nothing will.

However, SHs have been utterly screwed by this, and ultimately that's what 100% of people here are here for, no matter what other laudable bs they might post. Every came here to make moey, and in that sense, who gives a fk whether the co is progressing as before or not? I GL gave away 40% of SOU's slice of the asset to CalVal and what looks like a further 20-25% to this funder by the time this death spiral is over, every SH here will forever be underwater hugely.

But there comes a point where our partners, and particularly ONYHM look at SOU with a 15m mcap and think this is a joke. We can't have such a minor and unstable partner in this exploration and development project. At that point everything is undone for SOU. And I think that is increasingly a risk. This brief up tick in the last 15 mins is just that old dead cat bouncing, we'll resume the selling soon enough, courtesy of their scatter-brained funding agreement. Own up, has anyone got hold of either of them. I know two that have tried twice each today and nothing back. Seems the drawbridge is up in SOU HQ.

Also - notice how surprise surprise the 'in house' broker ShareAngel didn't see any of this coming. Another complete con to lure in the stupid....oh but they say it's worth 4.6p in 12 months bs......yeah of course they do, just like they said it would be worth 7.2p, until they didn't.

Think people are waking up to what GL has done. Complete plonka. SP trading -18% at 0.77p, new all time low and still majority of conversion to go over comiing months. could be at 0.25p sooner than even i thought. Death spiral in sp.

A far less dilutive way to raise 4m would have been to just do a placing. GL was misleading at best when he described this as non dilutive. Of course it’s the most dilutive option he took. What a car crash. By the time this is over it will be far higher than 10% in my view. After warrants and all the up coming interest related dilution. What a shyster.

The drill bit….GL has stated he’s probably looking for a new rig as the one previously used has changed ownership and hasn’t been used in years. He’s also stated he wants three drill not a one drill programme. He has only one drill funded. A drill is 18-24 months away minimum in my view. Just ask Graham, he’s cagey beyond belief on this subject and all the above can be checked with him. DYOFR!!

That’s right they are, but they haven’t been for much of the last 3yrs and they haven’t invested a penny of their own cash, none. If this was such a multi bag no brainer, or even o decent enough odds punt, they would have. Yet they’ve sucked loads of investor cash in, no different to the grease ball that was JP. It’s not me that needs educating totl

I have a rather unfashionable view that the AIM market should be much more highly regulated and there should be a lower limit or a minimum standard or experience of investor investing in these companies. There will have been those that have seen this before, from both sides of these type of transactions, but that £4m loan had little to do with that in my view, the main purpose was to use the transaction and associated conditions as a way to take ownership of a very large % of the company, diluting existing SH massively. GL and the team knew what this meant and what was likely. He was clearly shocked at the agm with the fact the sp wasn’t well north of 2p, and perhaps his mistake was dawning on him then? Only he knows. Big few days ahead, let’s see what they bring, eek. I tell you one thing they won’t bring is any comment or contrition from the company, nor any mgt buying.

It’s going to 0.25p by next month, if I ever chose to invest here you’ll never know and I’ll wait and by 4x the number with the same amount of money then. GL can’t be looking forward to his inbox tomorrow morning, eek.

There are a group of posters on this board that are working together to lure money in here. There’s a guy that works with convertible bonds as their day job (cough cough) who neglected to read the conditions of the CBs here. Ask yourself, does any of that seem plausible? I know what I think. Then there are morons like Tableleg who’s only repost to the FACT I pointed out is misdirection and character slight. What a joke. They’ve been outed that’s all. This company has no inherent value to SH. It might have an asset that is severely watered down now that could have some value but that’s not doing to benefit existing SH. At some point management might actually buy some shares with their own cash, but it’ll be far far below these prices that’s for sure.

Your last post said it all. You’ve gone completely off piste. I know that the penny has just dropped for you. Good luck with your investment here. I do feel sorry, but this company has been a car crash since 2016, and the terms of the loan deal were there for all to read and understand weeks ago. It seems few actually read or understood them. Management are responsible for this car crash part two, no one else.

One final point I can absolutely guarantee. Not one single investor will be able to get a response from the company regarding this. They gave the investor a hand where they literally could not lose. If the price rallied they could convert at 2.25p and get paid the interest in shares and win. If the price fell they could death spiral the sp lower and end up owning 5-10% of the company. No one in SOU has the character or balls to answer for this, you just watch and see. They won’t respond hahaha

Haha, wtf are you posting KTF, I think the sun has got you, hahaha. I’m happy as, always am. I just enjoy sticking it to ill informed misleading and naive investors like yourself. You’re either that at best, or a paid poster to lure others in. I’ll let others decide.

The good news is that as GL has practically zero skin in the game, he’s fine, he ain’t gonna lose a penny from this. I said, all he gives a stuff about is the company, not shareholders. That should be obvious to all now. The curse of SOU strikes again. GL has zero way to counter this other than a hugely positive rns in the next few days, which isn’t happening. That’s very unlikely in my view anyway, and is a min of 2-3 months away at least. Fking morons come to mind.

Send me the term sheet the KTF, you have access to that? What utter carp. I know what a term sheet is and I know what an rns is. Is that the sound of a penny dropping and an admission you’re wrong again. I pointed this out date ago about the conversion and selling as a result. You’re just full of carp. I strongly suspect you’re not even invested just posting to continue to lure ill informed and under researched investors to provide buy side liquidity for your employer, ie the shorter. You’re honestly a joke. The sp is going to crater. Who would buy now? More and more dilution to come. GL has either intentionally or through utter stupidity screwed over all existing SH here. You’ll look back wishing JP was back by the time this is over

You’re wrong and talking rubbish KTF. Suggest you

Learn to read. There is no term sheet, just the RNS and it’s a plain as day.

Other key terms of the Convertible Notes:

· Issue price and redemption price on maturity: 100% of par value

· Early redemption/change of control: callable in cash by the Company at any time after draw down or in the event of a change of control of the Company at 110% of par value together with all unpaid interest. If the Convertible Notes are redeemed by the Company, the maximum amount of future interest payable by the Company in respect of any early redemption occurring on or prior to the second anniversary of the relevant issue date will be 15% of the Convertible Notes, and in respect of any early redemption occurring after the second anniversary of the relevant issue date will be 10% of the Convertible Notes. The Investor shall have two trading days to elect to convert some or all of outstanding amounts or accept the early redemption. In the event of default, Convertible Notes will be redeemable immediately at 120% of par value of outstanding Convertible Notes plus accrued interest.

· Conversion: convertible into Sound Energy ordinary shares at each tranche's fixed conversion price in whole or in part. Upon conversion, interest shall be rolled up and paid as if the Convertible Notes were held to the redemption date (being five years from draw down), with such interest convertible at the lower of the applicable fixed conversion price and the average of the five daily VWAP calculations selected by the Investor out of the 15 trading days prior to the conversion date.

· Other conversion terms: any conversion notice must be for minimum of £250,000. No more than 20% of the initial principal of the Convertible Notes may be converted in any given calendar month. If the Company's five-day VWAP exceeds 3.00 pence per ordinary share in any given month, the conversion limit will be increased for the relevant month to 50% of each draw down amount. If the Company's five-day VWAP exceeds 3.50 pence per ordinary share in any given month, the conversion limit will be removed for the relevant month.

· Second tranche draw down condition: the Company must maintain available share issuance authority headroom and disapplication of pre-emption rights to cover 150% of any draw down amount divided by the VWAP on the day immediately preceding a draw down.

· Warrants: 33,333,333 warrants to subscribe for new ordinary shares in the Company at an exercise price of 2.25 pence per ordinary share with a term of three years. If the second tranche is drawn down, additional warrants over such number of new ordinary shares as represents 30% of the par value of tranche 2 Convertible Notes drawn down, with an exercise price at the conversion price of the tranche 2 Convertible Notes and a term of three years.

The article is in share then followed by prophets. This is just a repeating pattern and repeating mgt behaviour. Why? Because the investment case doesn’t nor has it ever made sense.

ktf, educate yourself, there’s an article on ************* dated yesterday on exactly this point. i’d sit down before you read it, it makes a grim but oh so predictable point. the obvious.