Member Info for Latino

..and above all give this disgraceful bod more money to waste and draw salaries from! Which as we know all their interested in from this Zen deal!

Align deal it has to be...no investor in their right minds is going to vote this utter stupendous derisory offer...!

Don’t know anybody spotted, but yesterday’s RNS was ‘non-regulated’...so was for information only purposes. Once again PIs have been had by the MMs by dropping the SP dramatically on a non-RNS..and flushing out and robbing stop loss investors!

What happened to this meeting request 11 dec RNS...or is it brushed under carpet as they attempt to force this vote through?

While the Company is pressing SNPC hard for repayment of the outstanding debt, which is currently in excess of US$5.3 million, it has not received any repayments since the announcement on 19 September 2019. The Company has formally requested the Oil Minister to coordinate a meeting in January with SNPC and AAOG to resolve this highly unsatisfactory situation so that the work programme, or a modified plan, can proceed.

Think they’re gambling on the vote already....hopefully will backfire when investors reject their derisory offer straight up..

According to dec 19 RNS, RBL report conducted in Oct 19 (just 3 months ago) values business over $1Bn...

Notwithstanding these legal proceedings and the appointment of Receivers on 21st October, 2019, the Company continues as a going concern and has maintained its operations and remains committed to re-structure as follows:

1. Pay its Secured Creditors (Nordic and GIC) in full through either:

a. A Reserve Based Loan ("RBL") of c.$200m through the Green Dragon Gas producing assets. Active discussions to conclude such an arrangement with a bank is underway; or

b. Sale of sufficient equity for cash in wholly owned Green Dragon Gas so as to pay off creditors in full and have additional liquidity. Heads of Agreement with interested party is expected in the near term. A recent report, conducted for the RBL in October, valued the producing Green Dragon Gas, GCZ and GSS blocks at $485millon (1P) and $1.3 billion (2P).

2. Following above execution, dividend Green Dragon Gas to the Shareholders.

3. Continue as an Exploration and Appraisal company specializing in Coal Bed Methane.

Agree these lot are the worst lot of BoD ever on AIM...can’t be trusted at any cost!

Meant ‘JPL’

Guess this crazy drop today will bring some liquidity OR have they already been gobbled by the background buyer (suspecting over last 3 weeks?). 38p - 12p on nothing news but progress forward with JOL!

Still below open price....should swing into positive territory shortly as RNS is digested.

Absolutely nothing of RNS, just further information, and we’ve seen some 40% drop...and this is a proper main market share lol

Bet if they were filling large orders...they’re all filled now with the stop losses they hit today lol!

Actually I read this as very positive as it’s all well underway...and this bit for the ‘avoidance of doubt’ can be read extremely positive..

READ:

During this eight-week period, and until further order of the Court, the existing board of directors and management of the Company shall remain in office and may exercise, with the supervision and prior approval of the JPLs, those powers conferred upon it by the Company. To date, the existing board of directors and management have not sought the approval of the JPLs to exercise any of its pre-existing powers and, as such no such approval has been granted by the JPLs.

READ:

For the avoidance of any doubt, no such restructuring or refinancing has been developed or agreed, however, the JPLs are working with both the Company and the receivers to investigate all potential options.

NEVER EVER PUT STOP LOSSES - MMs have had them today..such a pity for those who have been done today!

This is not written well, but means it’s subsidiary NOT G3E...will be back up once PIs realise no Change!

This aspect of the application was not successful. The subsidiaries of the Company are under the control of the Receivers who were appointed on 9 September 2019 (their appointment was ratified on 21 October 2019) over the shares that the Company holds in Greka Gas China Ltd. pursuant to the first priority share mortgage dated 19 November 2014 in favour of Nordic Trustee.

No change - MMs taking full advantage and tripping all stop losses.

Never ever put stop losses and stocks like this...MMS eating them up!

Smoke and mirrors my friend..