Member Info for MrJinx

Offering your snippets of wisdom again, Whimax? You’re obviously dumber than a bag of spanner’s so I apologise for trying to engage in an intellectual debate with you. However, stay safe in these troubled times. We want everyone to survive, even the idiots.

After all that blathering Whimax and still no reasoned debate. At least I tried....

I see you don’t actually want a reasoned debate. Is that part of your snowflaky personality and underwhelming intellect?
Chariot down 24%...guess that’s our fault too. :D)

‘Knob pill...’ :). That raised a giggle! :D)

Whimax, how low do you believe Larry and the BOD’s will allow the cash balance to fall to? If memory serves me correctly, the lowest I’ve known is £5.5 to £6m. Both times they then went on and raised £15m (...again from memory)
So, your assertion that there is enough cash for two years is not entirely accurate. Yes, if they allowed the bank balance to drop to zero and made a few cut backs, then maybe Chariot can survive to April ‘22. However, what sort of mess would we be in by then?
In my opinion, Larry and the board won’t allow cash to fall to a ‘record low’ as they have always tried to promote the company in a position of strength. Therefore, end of Q2 is key. I didn’t state that the fund raise would be in or at the end of Q2. What I was alluring to was that if there is no deal forthcoming, then the alarm bells will start ringing at Char HQ.
I’m always hopeful that good things will happen here, that’s why I’m still invested but they need (ed) a change at the top, long before now. Larry has proved himself to be rather calamitous and his business decisions questionable. As such, I have every right to critique the actions of the board and their motivations. Anyone who has been invested here since 2010 would have seen there investment depleted by between 94-98%....glad you’re so chipper about it.

I estimate it will be at £7.8m. Regardless of the impact of the virus, the sp at 1.55p: mcap at £5.6m is historically speaking, exactly where it should be. That’s to say, the market usually ignores cash at hand and the sp usually languishes around 20% under. I’ve said it before but Q2, in my opinion obviously, is make or break time for pi’s. If no deal is forthcoming, then any fund raise will quite possibly double (or maybe more) the number of shares in issue.

How fortunate for Larry. What an excellent excuse for not completing any partnering deals. Forget the failures of the past, it's all the virus' fault.

Really? You need Insults to hide your intellectual inadequacies, Whimax? If only I’d realised before now how snowflaky you are...oh well.

It appears that someone needs to understand the meaning of irony, before claiming someone has ‘missed’ it. Explain to us all Whimax, why is your criticism of ‘your’ for ‘you’re’ ironic?
I’ll tell you what ironic is, it’s that fact that because we have no oil in production, that’s probably resisted a larger fall in the s.p. Well done Larry and the board. Through your abject failure, you may well have saved the company. :o/

It’s weird because in some backward mentality Growl’, Wheepo/Whimax/Rumaila Kid or whoever they are, seem to believe we’re to blame for this shocking piece of turd. Mad, the lot of ‘em!

This was always the water line for me. Whoever is a shareholder and at whatever stage they bought in, we’re now all making a loss. Absolutely horrific turn of events.
I’d be very surprised now if any new potential farm in partner isn’t re-evaluating due to the falling oil price and the unknown impact of Covid 19.

Great stuff!!! That’s it lads, I’m going in balls deep!!!!!!!!

lol :). Good advice about the research. However, I researched this to death before deciding to get invest but that didn’t prepare anyone for the subsequent fundraises that have decimated my original investment. Poor management decisions and equity grabbing saw to that, not poor research.
If I’d have invested £230k on this floating turd, I’d be distraught.

Never trust internet ‘in the knows’. :D

Someone got rinsed earlier at 2.65p. Say whaaaa....?

It doesn’t matter how close it is, Larry wouldn’t find oil at Halfords.

Was this meant to be a joke?

I always hope Chariot will turn a corner. At 2.59p it doesn’t look like it’s coming any time soon. To sustain over 3p for several months and to then lose 15-20% of the MCap in a week, then something is up. Maybe there was a deal but it’s being delayed or perhaps talks have broken down??? Either way, the market never lies.

Bleurghhh, bleurghhhhhhhhh.....! Too late. :•{

Lol...looks like I’m blocked ;D