Member Info for kylie75

Worth a listen for anyone from the even bad (worse) old days here. Quite shocking radio programme aired at 5pm last night about a scam crypto job around Coda. The similarities to how JP, Brian, etc ran Sound are shocking, even down to a flashy investor roadshow etc held in Tower42 top level bar to pump up investor sentiment. Fancy a gherkin anyone……?

It was called File on 4: The Wolf of Crypto. The Coda ‘CEO’ was called James too, you couldn’t make it up…..

Isn’t the article 16 months old? Careful, KTF will be calling you desperate too soon….

Agreed Shrek, it does not state they have a liability, but it does not state they don't either. I was asking the question. The group clearly has significant links to Yemen (KTF wouldn't know this as they do no research), and often it's what's not said that can be as important. I am sure GL knows (should anyway if he DHOR!) if there's any issue here. Just asking that's all. It seems no one see's an issue then.....

Why? This is a third party article. You're just showing yourself up to be an utter moron KTF. Head in the sand job. At least push back using some kind of factual detail, rather than nothing but nothing. This is called researching your investment, somthing you don't seem to have the capacity to do. Nor do you seem to have an ounce of financial wit or experience, thinking that some how SOU and the Bondholder might have orcestrated the recent CB conversion in order to facilitate a SH vote in the near future. FFS, do you actually think about or read what you post before you do it?

There is a link between SOU's 'saviour' financial backer and a major liability in the ME. It maybe nothing, it maybe something. You sticking your head in the sand as is your way it seems aint going to change the outcome. You should think about the acronym DYOR, and then go and DYOR.

Not sure if anyone's aware of the extent of any liability Octavia / CalVal has with regards to the decaying oil tanker off Yemen? UN is involved (has been for years, since war has been ongoing) to try and remove oil from it. Talk of potential liability in worse case of $20bn and untold environmental damage. I was surprised to see their name associated with this. Does anyone know of the extent of any liability or risk here and their history / background to the link?

Also noticed the CalVal website has been down for over 9 days now. Any thoughts?

https://medium.com/the-diplomatic-pouch/analysis-the-fso-safer-operation-a-case-study-of-un-led-diplomacy-in-humanitarian-crises-a3187feb9266

Trading 8-9% lower, seemingly still zero interest from all those rampy 'buyers' KTF. The price has dropped nearly 0.2p (16%) since the RNS announcing the bondholder was converting - and there are seemingly those that still think this isn't the bondholder selling?!?! Follow the money, and the money is leaving the building it seems. It doesn't matter about buys or sells, they just show where the mkt is trading. What's important is the offer is falling and falling - that's a sure sign there's size to be sold still. Then you have to ask why. Apparantly there are many here that think they know better / best, despite knowing very little it seems. Reality is, this mkt is leaky, and I suspect all the more so given SOU is dealing in Morocco. If there was any good news you'd see it in terms of flow and direction. Again, the only thing that would help ST is some actual concrete progress by mgt (45 day Cal Valley deadline is where.....?), the longer this goes on, the fast the sp will tank. All bs from the company post 2015/16, no matter who's been in charge.

"He's no ramper.......", wow, we'll you'd know Crude. As those here long enough will majority attest to, you're one of a small minority of LTHs that managed to get out of this bloodbath of an investment with a rather nice profit and at a good time. I'm not suggesting anything at all, cough cough, but I strongly get the feeling that the vast majority of genuine LTHs here think it was mutally beneficial for you and JP to have such a 'close' relationship. Of course I'm not suggesting anything untoward went on, cough cough, but JP has that stench about him. Fluffing up a BB for years upon years and then existing the room quietly within 10-15% of the all time highs from memory, all very convenient. The difference between rampers and investors who believe in their investment is the ability to not be blinded to reality / possible bad news. The likes of KTF are agressively anti anything being said that might be anything but glowing. It should make any reasoned and experienced investor suspect to the point of ignoring them.

Very close to the wind your last moment "There is a difference between an enthusiastic investor & someone who just pumps out repetitive, inane propaganda to serve their own means." Again I suspect more than a few here who might find that a little hard to read without choking on their coffee. Hope you're enjoying the mortgage free life and assume you've renamed your house to 'The House That JP Built.....', 89 Ramper Way, East Sussex.....

I should be so lucky.

This lot are cut from the same cloth, just too many here are too deep to admit it to themselves. Same, just less hair gel, not quite the same smarmy grin, but in the end under delivering and bs ing SHs just the same. Sarah Dees is a common factor here. What’s her angle?

KTF, for someone with such a small amount invested here you make a disproportionate amt of noise. Are you part of a boiler room crew? The sp keeps falling old boy…..

KTF - SHs here have been using the same argument in principle (different upcoming good news) for years now, at 80p, 50p, 30p, 10p and 5p. Yet the sp sits today at 1.3p and nearly all SHs are underwater, some by a very very long way. You think you know more than the bondholder about the future prospects (or current negoatiations)? I don't think so.

How can anyone be positive (even the wilfully ignorant) about the bondholder RNS last week? You're telling me that RNS and the sudden pick up in sell volume isn't related......come on!!! fact is, many see the issue here, and the issue is the management team are unable to steer this ship away from the rocks.

Ktf, it's posters like you that suck innocent under researched investors into stocks like this. are you shorting? all this hot air, all this guff, the current best bid in the market is 1.20p this morning. there's a constant seller and it's a well known wheeze that shorters/sellers post volumes on these BBs to try and get buyers sucked in to buy from them. the facts are plain, all the wishful hopeful outlooks and company updates and blindly optimistic views on the future are not shared by the market, and the market includes many on this bb i'd suggest. it's just no one / very few have the balls to break cover. you claim negative posters have an agenda, i'd say far more plausible is that you and a few others have an agenda, talk the mkt up on these BBs, try and get any buy volume in, to sell. the fact is this share is in trouble. it's nearing 50% below the strike price for the lending tranches in the CalValley RNS, you think they're not going to renegotiate that and further dilute SHs? That's nailed on in my view. The inability of management still (after years of JP, Brian, the previous FDs who's names I forget they were so unmemorable), this lot are still missing deaadlines, extending funding dates, and basically leaning on investor goodwill to fund them, not being transaparent or honest around the difficulties or timelines. It's called mugging people off.

It would be better if you didn’t get personal and defensive when others point out the obvious KTF. Stick to rebutting with facts, but I guess there’s a good reason you didn’t do that.

KTF don’t you get it, still??!! There are many ways to skin a cat. We had no equity dilution recently, we just gave away more than 50% of Tendrara instead. It’s a sleight of hand perhaps for a novice investor, but the net effect is the same, can’t you get that? Huge dilution of the future cash flows from the company’s only proven asset!!?? My goodness. Disappointing call for me fellas. Timelines slipped again and they didn’t answer questions put to them too. Also why spend the 8m from CalValley on Phase2, i thought that was now funded for us? Anyway, you can see why the sp is where it is. Months to go still (not 45 days then…???) until anything. Huge shame, terrible timelines and continued slight of hand is killing it.

Thanks Fernan, makes sense to me. I guess free cashflow timing vs loan drawdown is another unknown here, but that's very helpful. thanks again

what a new low! is jp still involved there? everything that xxxx ever touches turns to utter ****e. what a charlatan. what a disgrace.

If you recall Tincan, Marco's 'mates' (or some of them atleast) were a Swiss Family Office / Fund (SOU defined them as an II from memory) that he and JP brought into probably 7-10yrs ago. I have not tracked that over time, so perhaps they left the building a while back, but if not it might be them...?

Indeed, I don't dispute that. They're supposed to add some stability to the share register & therefore often the sp too, but this is a consistent large seller, selling at multi month lows. For a reason that's for sure.

The company have yet again, as was the case often in JP's days, been naive in leaving so much uncertainty out there regarding critical aspects of this deal. Even more than the CalVal RNS there are very material aspects that are not known. If they had a plan on how to fund the £101m (my calc) SH equity needed to meet the 65% gearing ratio condition, why on earth would they not have announced that at the same time? It's stupid not to have done that in my view. Present everything so it's clear. I'm left with the view that a lack of clarity is on balance likely to be because we don't want to know (i.e. it's not great news). Even if it turns out otherwise, they've yet again demonstrated they fail to understand investor sentiment, views and markets in my view.

As someone else quite rightly stated, Marco's holding was pretty small, sub-2m shares at last y/e, so this isn't Marco. Could be one of what SOU define as an Institutional Investor? Not sure who else has consistently large enough holding

Yes I will do if I'm not clear by then, but that's 6 days away, and surely given the number of people on this bb, someone must have an objective view on this? The company has left some very significant aspects of the deal unclear at best. From my experience, more uncertainty is not what markets like, as it normally does not equate to good news. So the market has 6 days to be concerned about the gearing, which will need to be a condition met (planned for, if not actually met) by 30th September. This is another major weight around the sp now, the lower it goes, the more dilution of existing SHs, similar to some aspects of the CalVal deal too. Surely there must be a view out there?