Just another opinion13 Sep 2020 15:09
There has been some goods posts on here the last couple of days (when you filter all the nonsense) with both negative and positive views going forward. Personally I have lost a lot of money and always knew that to put your money into the riskiest sector of the lamentable regulated AIM market was a big risk so no complaints from me. What has caused me some thinking this weekend is the dilemma of the reason have I lost. Is it due to believing in the dream of a pioneering geologist and it all went pear shaped and he could not admit that he was wrong. I can accept that although his data was confirmed by “expert “ consultants and not questioned by the independent directors until there was no where else to hide.
How Kerogen react and to a lesser extent the three companies shorting the shares is important. Is it possible this company could be run for cash and then sold on with the eye watering tax advantages? Just my personal view but it must be done before the board start spending the cash on remedial work. At the moment my view (subject to hourly changes lol) is that Kerogen will take over the company but keep it listed while it suits, whether they will leave a few crumbs on the table I do not know. The bond holders are in an unenviable position as well In this scenario.
Whatever the outcome none of us can re-write history so please carry on living life , the sun is shining!
GLA.