Member Info for legache

Hey Ychang - this little video is a start. http://www.proactiveinvestors.co.uk/companies/stocktube/6984/-we-ve-got-a-huge-investment-base-to-drive-this-company-forward-says-saffron-energy-ceo-6984.html The reason I am invested is based on 3 things. The revenues we are making are good, they are at a very high value per cubic metre and there is potential for further acquisitions in the Po Valley. This is a great little company despite the terrible communications and inability to answer simple questions. My main conern is what PVE will do with their 60 odd percent, when they can start listing the shares next April.

TBH MyTrader, I'm not looking for cast iron guarantees. Just some communication and sensitivity to the plight current of shareholders. I still think this is a good investment and have no intent to sell, but management need to know they cannot simply sit there taking large salaries while investors capital is continually eroded as a result of their poor communications. Specifically if you employ a PR firm to handle your PR, then they need to ask appropriate questions when asked to do so. Not radio silence. Its simply not good enough.

I would also say, that PVE and Saffron are essentially the same people. There is no material independence. So IMO, i am well within my rights as a Saffron investor to ask the question what their intentions are.

K3VMC, I was aware of the statement in the admission document. Further to this Michael stated in his interview (link below) that the shares would be distributed to PVE holders. Now, I accept that as our largest holder PVE are in control. They can do what they like, BUT PVE (by proxy MM) doesn't have to distribute the shares, straight after the lock in period. This would, in my humble opinion, cause a steep decline in the share price. I was aware of this when i purchased these shares, but to be honest I had maybe overestimated the level of interest. We are now in a situation where the interest is so low, that a few thousand pounds can move the share price 10%. Its heart wrenching stuff. myrader - I read this as, they must deal through the company broker for 12 months after the lock in. "at any time before the first anniversary of Admission and, for 12 months immediately following such lock-in period, will effect a sale only through the Company's broker" I don't think i am wrong. Basically what this is saying is Pope Turner can control the disposal of share for the first 12 months. They can't go to say, Peel and get them to flog them.

Mytrader, if by suggesting I should have "been more strict on my sell limits, instead of talking it down", you mean I should have sold and not tried to ask sensible questions, then I certainly don't agree. Next march is only a few month away, I do not want to be left holding the baby when Michael floods the market with PVE shares. I am therefore trying to get clarity on this issue now. If the share price was bouyant and there was much more volumes I would feel much more confident about it. However given we are well below IPO price, I am not. Don't get me wrong, I am hoping almost 2 million of these, so simply want an outcome in the medium term that doesn't make me considerably poorer!

The main thing I would say is, if pve are going to sell, as this is simple investing strategy. What do you all think will happen to the share price of this is allowed to happen! It will absolutely kill the share price.

You are absolutely right, the shares in issue will remain the same. However, the increased liquidity will be an absolute killer. I am not sure what part of this everyone else is missing. If the price was shooting up now from all the jbtrst I would agree with mm, it would be a great idea! But it's not!

PVE are only.3, i too am unsure as to the implications of this and how the disrtibution would work - and the 10 year graph is hardly a ringing endorsement of Michaels stewardship! Feeling a bit twitchy about all this now.

Maybe a good idea. I think we need clarity on what MMs intentions are well in advance of the March date. I did invest id this company to get involved in some sort of AIM armageddon, which will undoubtedly be the result of flooding the market with additional shares. We're lucky if someone buys a few thousand at the moment, let alone listing another 65 million! The problem is we would have to get to 10% of the total shares in issue. Given the PVE holding we would need about 40% of the shares on AIM. I personally, haven't got 40% of the shares on AIM! I have just over 2%, so we are some way off any collective action! The key problem is the shareholder base is so fragmented and diffuse, that any action is going to be very difficult. Also, PVE are holding all the cards.

https://youtu.be/u1G7O9_p_68

I've just lsited to MMs message again from the IPO. Obviously, lots of information we know. My main concern and one that may make me dispose of my holding before March 2018, is what will happen to the stock when all those shares are entered into circulation. My guess is absolute disaster fro current holders. These is very little interest now, tiny tiny volumes and this is probably becuase 65 million shares entering circulation will absolutely kill any hope of an increasing share price. How on earth he can spin this as positive. MM thinks the opposite (he sated this would somehow be good fro the share price. The only bonus i can take from the message is that MM said that money could be returned to shareholders from the profit. That could be our only saving grace. My message to the BOD and to MM is to keep these share in treasury until such time as they can enter AIM without killing all the existing holders. Its simply not fair that IPO participants are treated worse than PVE shareholders.

Obone, This is how Investor relations people talk. It's not specific to this girl, or indeed this company. Yes its a sop, but her hands are tied. MM is the guy whos balls should liaising with major holders. He may look at us with disdain as we only hold a small percentage of the company. I posted MMs email a while back (post was removed and i got a rude email from some jobsworth at LSE. It does work however. My opinion. Relax, regardless of the Comingling we are hugely undervalued and every day that goes by we are building up more cash.

Possibly correct, but lets face it, they've hardly been forthcoming with any information, good or bad. Although i'm no technical person, the comingling result is not often binary. They may have achieved some flow from discrete levels through the same conduit, but that flow could be below expectations. Or indeed above. Nevertheless, if they tried it there will be data to publish.

What on earth is going on? That is ridiculous. Anyone know if we can expect any news to kick the sp up the posterior?

Yes, that's pretty much what he said. Although it does depend. I recall Blackrock being involved in a number of small companies, not so long ago.

At 10k buy, in the context of recent trades is a nice slab of cash. I personally have bought in much smaller tranches. Let's hope for a few more. I discussed this company with a good mate of mine who runs a hedge fund and is himself a hnwi. His comment was that it's simply too small to touch, but he had heard of the Po Valley in Italy and said good things about the gas market in Italy.

they've told us roughly what margin they are working on plus knock off a little. Tax is good, as they have tax breaks worth quite a lot. The exact figures are many millions of euros IIRC. I would like to hope we'd have got an RNS about the choke being applied and may some new flow rates. BTW - What is MMs share of SRON - anyone?

patience, this investment will take time to grow. It's all about the income stream on this one.

Trying to figure out how much skin mm has got in the game. I see, according to LSE, he has 147 million shares which cannot be correct. I assume that is his pve holding. How much of sron is that?

My opinion. 24 holding is a buy signal imo.