Member Info for mrc_mrc_mrc_mrd

So looks like tax to pay in the U.K. then

Dream on Tom

I wonder how the Ruvuma income will be taxed?

Steve- nobody is going to give this BOD cash.

As to your claim that SCIR have valuable “tax losses”. I don’t believe that is true!

Crusty - someone might have traded a few shares at a profit on the news. Zero volume though if you discount the muppet that dropped £10k at 0.67p.

Looks like another failed P&D by Perkins and co.

Nope, because it’s not really debt, it’s equity.

The only debt they have had is the ARA loan which was really an advance until the deal completed.

The BOD have issued a lot of shares and stripped the company assets to fund themselves and their associates IMHO

It’s not hard to be debt free when you have only ever been able to obtain death spiral loan notes!

The fear is that they have been able to destroy quite so much shareholder funds, and transfer money from the company to related parties.

They have done an excellent job.

All in my opinion

Wow!

So you have lost 90%++ of your money and still happy with the company and BOD!!??

Quite incredible

Lol of course they read it SHS!

You might remember some rather harsh interventions they made to get BD suspended. And the squad of lawyers they spunked several hundred thousands on to defend them from shareholders revolt!?

No word from Nicely today. I wonder if he was just mindlessly ramping, or whether he actually dropped 10k or so at 0.67p?

One thing is clear…more posts on the forum than trades made…

Someone paid 0.67p yesterday.

That is a pretty rapid loss. Shares traded at 0.4p this morning

He has been pumping this all the way down, confident of success at every crash!

Malcy is such a stand up guy looking out for the plucky PI.

Callit- where will the money go now it is in the company bank account?

Can’t see any reason To trust this BOD to invest it wisely given the track record.

Management need to go. Full recapitalisation required.

The SP reaction says it all - The market doesn’t trust the BOD to turn this around.

Hi Nicely.

I suspect buyers at 0.67p may have been done over. Time will tell.

Usual story. Ever lower spikes followed by decline.

The business needs recapitalised (as well as a good refresh of the board). The current BOD are no-hopers IMHO and will struggle to secure even death spiral finance for the planned AD investments.

A few of the usual suspects on here trying to dress up this old Mutt.

Fact is that the directors and their associates do very well out of Scirroco at the expense of other stakeholders. I can’t see that changing.

I fully expect the cash to be wasted on general expenses. Perhaps a token “investment” to make it look like they are adding value…

Damage caused here by the BOD is significant, however good to see a chance for some LTH to get out with a little dignity.

Sell on news IMHO. Not much to look forward to here now…

Https://www.energyvoice.com/oilandgas/north-sea/538666/sheriff-questions-whether-just-stop-oil-protestors-were-taken-advantage-of/?utm_content=169753020&utm_medium=social&utm_source=linkedin&hss_channel=lcp-5053468

Something needs to be done about this group that seems to target / attract the mentally unwell.

“ They became involved by seeing leaflets around town and went to a couple of meetings.

“They are quite vulnerable.”

She said her client suffered from mental health issues and was “reclusive”.

‘Quite quickly after the protest they regretted it’

AA - longstop relates to deal completion, not ministerial approval.