Member Info for MarketGunslinger

It doesn't. JohnHenry is a troll who made it up.

Pass me my old hammer...

Capability - another thing that is very interesting is that in Alex MccDonald's "STATEMENT FROM PROPOSED DIRECTOR NOMINEE" on the Align Research website http://www.alignresearch.co.uk/anglo-african-oil-gas/aaog-statement-from-proposed-director-nominee-alexander-macdonald/ he says:

"There is a belief in the Congo that AAOG is unable to raise any additional capital and that its reputation is seriously damaged in the London market. Put all this together and I understand that this is what is now holding up the release of funds from SNPC. The IMF will be aware of this as being a legitimate and contracted payment and would be very unlikely to support the non-payment, as has been suggested. " - So very clearly stating that if he was in charge of the company then the SNPC debt would be paid.

However, now he has let Tilapia slip through his fingers for a second time he is sitting there on Twitter trying to get the attention of that moron carpark attendant Oilman Jim by saying: "There is no chance of SNPC ever paying because of a litany of procedural miscalculations by previous management." https://twitter.com/alexmacdonald47/status/1257634476575858689

So, we have to ask ourselves what exactly is his agenda? It reminds me very much of some of the trader trolls on these boards - when they are in a share it is great but when they want to buy back in they will say anything to try and drive the price down.

Does Alex still harbour some misplaced hope of regaining control of Tilapia?
Is he trying to generate negative sentiment about ZEN in order to try and facilitate this aim?

The change in sentiment certainly indicates that not all is as it appears with his posts...

If you are looking for a company where you can buy in on-market at less than the price the new management did themselves and want to know that for them to make money then they have to make you money - this is an absolute corker!

Capability - another thing that is very interesting is that in Alex MccDonald's "STATEMENT FROM PROPOSED DIRECTOR NOMINEE" on the Align Research website http://www.alignresearch.co.uk/anglo-african-oil-gas/aaog-statement-from-proposed-director-nominee-alexander-macdonald/ he says:

"There is a belief in the Congo that AAOG is unable to raise any additional capital and that its reputation is seriously damaged in the London market. Put all this together and I understand that this is what is now holding up the release of funds from SNPC. The IMF will be aware of this as being a legitimate and contracted payment and would be very unlikely to support the non-payment, as has been suggested. " - So very clearly stating that if he was in charge of the company then the SNPC debt would be paid.

However, now he has let Tilapia slip through his fingers for a second time he is sitting there on Twitter trying to get the attention of that moron carpark attendant Oilman Jim by saying: "There is no chance of SNPC ever paying because of a litany of procedural miscalculations by previous management."

So, we have to ask ourselves what exactly is his agenda? It reminds me very much of some of the trader trolls on these boards - when they are in a share it is great but when they want to buy back in they will say anything to try and drive the price down.

Does Alex still harbour some misplaced hope of regaining control of Tilapia?
Is he trying to generate negative sentiment about ZEN in order to try and facilitate this aim?

The change in sentiment certainly indicates that not all is as it appears with his posts...

Capability - Yes, it's amazing that. Still, as they say "the emptiest vessels make the most noise".

Truthfactory - I don't disagree at all. It was a rather clumsy play on Groucho Marx's statement that he would want to be a member of any club that would have him as a member.

Pete - I never said that all directors were good - just that you do not spend several hundred thousand on an AIM shell just to delist it.

A shell is significantly different from an IPO anyway. In an IPO you are taking a private company and adding liquidity to allow some early investors to get out while bringing in a large chunk of public money. The latter paying for the former. There is also an initial price which tends to be priced reasonably competitively to encourage investors. However, those investors who put in the original cash are always able to cash out for a profit should they wish to once the shares are publicly tradeable.

A shell company is one that previous management have already ruined. It is a failure and the share price reflects this. The purported new owners have to acquire a significant amount of shares (paying up front) and then convince the existing board to play ball with them while they take over. In this instance the important figure is what the new owners had to pay per share to acquire control. We know that they are going to want a return on their own investment and so anything that is bought below this price point is highly likely to make money.

As always with share trading the most important thing is timing. in this instance, for anyone who wishes to buy now the timing is right.

CrustyPete - you do not go to all the time, trouble and expense to acquire a listed shell in order to delist it and take it private. If they just wanted tax losses they could have picked up hundreds of private companies with those for a fraction of the money paid here.

Truthfactory - Yes, but would you invest in a company that you ran LOL? You may be worse than the last lot!

Zzippy - there is absolutely no chance of AAOG being delisted. Not when Forum have just paid hundreds of thousands to acquire control if it.

They have a plan and that plan is to make money by increasing the share price.

"Seems worlds apart from aaog.. how many shares did Sefton or Alex Mac have ? Hope they start getting this debt repaid.. does AC speak French ?"

AAOG annual report 2017 - As part of the placing in June 2018, Brian Moritz subscribed for 625,000 ordinary shares (£50,000) and Nick Butler subscribed for 312,500 (£25,000) ordinary shares in the Company.

AAOG 2018 annual report - The beneficial interests of the directors holding office at 31 December 2018 in the issued share capital of the Company were as follows:

B M Moritz 1,486,634
N Butler 861,634

According to the AAOG annual reports of 2017 and 2018.Sefton and MacDonald never their hands in their pockets to buy any shares in AAOG while they were directors

It makes a big difference having a CEO who is willing to back his own decisions and put his money where his mouth is.

Others are all mouth and no money…

AAOG annual report 2017 - As part of the placing in June 2018, Brian Moritz subscribed for 625,000 ordinary shares (£50,000) and Nick Butler subscribed for 312,500 (£25,000) ordinary shares in the Company.

"Seems worlds apart from aaog.. how many shares did Sefton or Alex Mac have ? Hope they start getting this debt repaid.. does AC speak French ?"

According to the AAOG annual reports of 2017 and 2018.Sefton and MacDonald never their hands in their pockets to buy any shares in AAOG while they were directors

It makes a big difference having a CEO who is willing to back his own decisions and put his money where his mouth is.

Others are all mouth and no money…

Oilmanjim is a joke.

Zen have confirmed that the £200k has been paid in the RNS.

We are now a shell and the only way is up from here. Anyone who is getting in at below what Forum originally paid for their shares is going to multibag from here.

pawnsacrifice - agreed, it is always good to see the people in charge with real skin in the game so that they want the share price to go up as much as the rest of us.

AC paying £45k for shares in the last raising is a real sign that he believes that we are going to go onwards and upwards from here.

Tilapia is ZEN's now. Bought and paid for.

Well according to the AAOG annual report for 2017 (page 6 if anyone is interested) they reckoned that Tilapia can be profitable at 500 bopd if the Brent price is $35 so we are getting there.

On the upside they also said that at 5,300 bopd that the breakeven figure is just $5.

Highlander, I love the way you always avoid answering the questions I put to you. You have never actually answered a single one so far.

The bit that really makes me laugh though is the way Tilapia is a great asset when it has a chance of belonging to you and Jub Capital (you know, the group whose proposal was rejected because the Oxford Energy Ltd vehicle that was supposed to lend AAOG $5 million actually turned out to have no money) yet it is a terrible asset when it belongs to somebody else.

Some of your formal comments on Tilapia, when you were begging AAOG to lgive you another chance to correct the (massive) errors made first time round on your watch.:

"Fundamentally is the very strong belief, shared by the team, that there are producible hydrocarbons in commercial quantities in Tilapia".

" if we complete the initial capital raise of approx £1 million... then I believe that stabilises the company for a good portion of 2020."

"We are confident that we can get the share price to a point where this will trigger the proposed warrant attachments, providing a further £1.8million of additional equity capital."

So, when you looked like you had a chance of getting control of the asset it:

a) had commercial hydrocarbons
b) only needed £1 million to keep the whole company running for a good portion of 2020
c) announced that you were going to dilute shareholders by more than 50% to raise £1.8 million.

However, when your proposal was rejected for being ill-though-through and under financed and Zen acquired for £200,000 an asset that you had once paid £6,801,972 (see page 35 of the AAOG2017 annual report for confirmation of this figure: https://www.aaog.com/docs/librariesprovider10/archive/reports/aaog-annual-report-2017.pdf?sfvrsn=a8959c13_2) the asset suddenly becomes terrible.

No longer is £2,8 million enough to get things going. Suddenly it is:

"They need $35 million by July, and ned to show a balance sheet to support the work programme, which to bring Tilapia into production is at least $20million." (Your post from 12.38 on 1st May 2020).

Funny how the numbers change when you lose isn't it. You had your chance to drill Tilapia. You totally screwed it up and cost a lot of investors a lot of money. Leave it to someone else to have a go now old chap. Your time has passed and you are just embarrassing yourself by making up figures that if true show your own proposal was underfunded by $16 million to $29 million.

"Highlander, if the Tilapia asset is such a dog then why were you and that collection of chancers at Jub Capital so desperate to get your hands on it?"

I asked this on the AAOG board earlier and you seemed to miss it there so maybe I'll have better luck here...

Highlander, if the asset is such a dog then why were you and that collection of chancers at Jub Capital so desperate to get your hands on it?