Member Info for miker444

Looking likely OPEC are going to agree to a cut in production and oil currently $51. Relevant in that i3 stated that their MarCap would be circa $400m when producing based on $50. This can only benefit anyone who is also in the business of oil. atb

show.me gave an excellent post yesterday Fri 07:34 under the title 'fantastic update'. It explains our situation at present with possible options very well ( timeframe permitting). atb

Steve they will converted in whatever vehicle they are held so in your case in your ISA. To trade you will have to go through your broker i.e Hargreaves Lansdown or whomever as you would anytime you wanted to trade as normal. atb

we know the value of sp for i3 we are all calculating it from our Gwik suspension sp of 0.06. We could be in for quite a surprise as we re-rate to i3 sp and not Gwik's. i3 could well have a MarkCap of $400m by summer and our sp will be a % of that so could well be +1p sooner than we think. atb

Excellent post show.me, agree an rto will be total bonus if it happens. atb

I am of the exact same thinking mate, I would rather have something that gives a decent return and is a fairly sure bet than roll the dice for huge gains but a chance of it not coming off. Don't get me wrong I want huge gains full stop but as I said before it was not long ago that I thought, along with most others, that we had lost the lot. Very happy to 'live to see another day' as it were and to get my money back and then some. atb

Morning all, a shell still has a value but obviously not as much as if it still held all the original cash so G Man is correct. It can still give a company a way in to listing on AIM for starters. Nothing to say that AVD is not working to raise funds to take Gwik into an rto as well as the planned IPO with i3e although time is passing by. This is AVD specialist field and she has raised over half a billion ( $500m ) so far if you look at her CV. atb

As a major initial shareholder ( i3e's words relating to Gwik) I would say that even those who hold the higher averages of 0.17 will see decent returns even on initial re-list. As I stated before those that can wait until oil is flowing will imo see excellent returns and many multiples of suspension price. It may be prudent at this stage to be neither too positive nor too negative until further news. All we can do now is wait and see. atb

I don't expect it 10 bag on release but think that will certainly be the case once the oil is flowing and generating revenues. A lot may well sell up on initial re-listing but for the sake of 6 months or so I think it will be well worth the wait to see where the sp sits on 10,000 bopd, don't think 1p is unrealistic by next summer. atb

Thanks for the reply, its a simple case really of how long is a piece of string, we just don't know. But I'm have said it before in that it wasn't that long ago that I thought we had probably lost it all back in the days of CP and suspension without warning when the initial rto failed, so to be discussing any permutation of possible scenario's of where we are now is a good one. atb

Thanks mate, my sentiments exactly, quite simply not enough time for an rto if starting from scratch, unless talks are well underway and we have a nice surprise in store. More than happy with an IPO. atb

I too think being part of a $400m company via an IPO will get best rewards via the sp but a few on here do seem to think we can get the best of both worlds, their posts are oozing with confidence and I have great respect for them not saying too much of what could be considered insider information from their 'chats' although unofficial. If they are happy then I am too. Whatever the sp when we get the deal it will double/treble when the oil starts to flow at 8,000 - 10.000 bopd due summertime ish Honsetly believe we could be 1.25p - 2p ( whole pence) by then . atb

Hi mate, yes I didn't word it very well but my point was whatever the deal when does he think it will be finalised reading between the lines from his conversations with Jaap & AVD. Nice to see you back on the bb by the way mate. atb

Encouraged that you are happy with what you are hearing from your conversations, really am as it gives a little insight to those of us who are not as well researched . I know you cannot divulge the content of them as they are in confidence nor would I ask you to compromise your integrity with Jaap & AVD. But in your opinion when do you see us re-listing, this side of Xmas or early next year. I have a gut feeling that we would have had an update by now if it was just going to be an an update and therefore have come to the conclusion the next news will be early in the new year and be an all singing all dancing final rns of the whole deal. atb

Excellent post, recommended. I am mindful though that 6 months timeline only gives us until Mar 04th 17 to complete an rto (but then so are the board). It does state at the end of the last RNS that shareholders will be updated shortly, we will just have to see how soon shortly means. atb

Agree with pustule and spiceygoat but we would have to move pretty fast imo for an rto to take place, not sure if we have enough time considering we have started the ball rolling towards an IPO. On reading the last RNS Sep 15th the very last paragraph titled 'suspension' does state that if Gwik continues in its own right then it has to be an rto within 6 months, an IPO will not count as implementation of the required investment policy. However if we IPO every penny of Gwik into i3e and then cease to exist as Gwik but become a fully fledged % holder of i3e then the rto rules don't apply or simply can't apply to a company (Gwik) that no longer exists. So for me an IPO is the preferred route given the time frame, and yes an asset in an rto to boot would be a huge bonus! That's my take on things and although not very eloquently explained I think I am right, but more than happy to be corrected I usually am! (corrected I mean not right ) atb

Indeed. I agree we will go with an IPO as stated in RNS and that we have 'signed' over all our cash so do not see a rto as we have no means to initiate one. Very happy to become part of i3e a $400m company once the oil starts to flow, which should see big returns sp wise from initial investment. atb

Excellent post as usual mate, although if I am going to "thrust my board" personally for me it would be AVD rather than Jaap! lol atb

Unless there are any holds ups it would appear that Q4 was the re listing target date so yes by end of Dec on that statement alone. We just don't know the details and quite often there are snags and things to iron out that are only known or kicked up when the processes of t & c's are thrashed out which are not obvious from the onset. I will settle for a nice Xmas present from Gwik / i3. atb

Randomfella1 is correct in that we have 6 months from suspension date which was Sep 05th so by Mar 04th, we should know before then hopefully. atb