Member Info for Louis10

It all has to be agreed in advance, otherwise they could end up with the embarrassment of not actually raising any money.

So why then did the share price collapse right after the "oversubscribed" placing?

So you don't think they were suckered in to buy at 20p so the placing could be forward sold.

Most people here don't seem to realise that the shares they have been buying for the last few weeks at prices in the high teens / low twenties were sold to them by shorters / forward sellers who will cover in the 11p placing. Many were encouraged to buy by touts on this board who were shouting down and attacking any voice of prudence, even insisting that people filter out those voices. I thought that the PANR board was bad, but this is much worse. Just hope that PRD doesn't collapse under the placing price as PANR did.

As I've said before the market clearly isn't expecting a great CPR.

PRD with its massively forward sold placing took the prize today. But I agree PANR stinks and will soon take its rightful place again at the top of the losers board.

It's the shareholders on this board who've been played.

Wouldn't expect much from either the CPR or the testing.

Nasdaq requires a minimum bid price of $5 to list.

Is the promo spin to say that applying for it means management is expecting a 5,000% increase in the share price?

OR

Will there be a minimum 1 for 50 share consolidation?

First, fister, they have to prove commerciality.

They'll still be doing the September conversion in shares. What they may still have left in the bank won't help the share price.

Sounds about right, John. They'll be busy selling it now.

How long do you think until the announcement?

So we're back to Keith's claim that a blog was responsible for all the huge share price run ups before each of PRD's well spuds.

You think they'll really do the testing first, Nigel?

Hi Sefton. What is the "utter garbage" I am posting that suggests to you that all may not be well in my head?

I note that you are very positive for PRD based upon moon cycles.

Try the start of the thread, highlandmatt. Didn't realise it would be that hard for you.

I'm sure you can, highlandmatt.

If you actually read the blog, Trifle, you'll see it's headed "Financial and promotional perspectives." It's not about company fundamentals or technical insight.

Keith's gone quite now, perhaps realising that his "idea" doesn't actually make sense.

But it would be interesting if he could identify the people who he says are fraudulently ramping PRD

Confused by your 00.40 post, Keith. Are you saying that Oilman Jim's blog is responsible for all the huge share price run ups before each of PRD's well spuds?

Oilman Jim's industry experience is here -

https://oilman.substack.com/p/oilman-jims-letter

You're beyond help, pv72, if you don't understand the critical importance of flow testing. A fool and his money...