Member Info for Nightgaunt

This just gets better, court in Trinidad rules in favour of an employee.
Total shambles doesn't even start to describe this company.

Yet another fantastic RNS!
So Thesolia Ltd which as far as I can see was a shell company have sold off market to Preceding Max Ltd a company that seems to have no information in the public domain. Nothing at all suspicious ??
Surely we are on the rinse cycle now?

I'd suspect as the last RNS states it's more than likely the installation has been changed or some other data unknown or incorrect at time of design for the analysis that has lead to failures.
CPS such as Bend Restrictors and Stiffeners etc. have been used for decades in O&G on risers, flowlines and umbilicals the materials used are proven so it's usually all down to the sea state data provided and the installation. It always seems to me that renewables do not want to take on board the lessons learnt from O&G.
On another note plenty of other companies such as Trelleborg, Balmoral Comtec, BMP Europe etc. provide these items in O&G and are starting to do the same in renewables.

fuzz,
At last we are starting to see posts from honest posters who call it how it is and has been for years.
STA has not had a single RNS advising the market of a potential business stream let alone actually having one, its always jam tomorrow with a side order of legal action. That's a business? Yeah right!

Tesla1,
Don't forget all the legal fees paid or needing to be paid too, unbelievable tbh.
I'd think the vast majority still holding this have probably forgotten about them as they are practically worthless compared to pre-consolidation, most long term holders will be over 98% down so more than likely think they are not worth selling and holding onto the misplaced hope they will go back up. I fail to see how myself when they are burning cash with nothing to show for it.
A cash ISA will pay you more at present than this is likely too, unless you are on the inside.

Assuming you meant 10 people including you bought the horse with an even share amount i.e. 10% each? If so then surely your 10% would increase to 60% if you bought 5 out and there would now be 4 other owners (not 5) each with the same 10% each?

Oh and btw it was hardly sold, the debt is more than LO paid, as the final payment has not been made STA still own that debt even if it is written into the sale contract until the final payment is made.

Davide1 did you get an email stating this tax liability was definitely not owned by STA?
If so and things stand it is false and should be sent to the address I posted, simple.

The entire thing reads as a total sham.
Is it any wonder they dragged out the release and tried to bolster this shocking situation with their RNS yesterday?

How on earth is this being allowed to conrinue?
Surely it can't for much longer, they are Bust!
Davide1, did you take my advice yesterday? It seems as Tesla1 has said their email to you is not exactly factual imho.

They'd be well and truly Busted then wouldn't they? :-P

Davide1 to save you looking why not sent your email from STA to the tax appeals office in Trinidad (txab"at"gov"dot"tt) and you can post up their response as to whether STA have any case to answer still first thing tomorrow?

I'm sure others on here would believe them rather than someone on the STA payroll.

I'd believe anything from this company so long as it's to keep the gravy train rolling for the few.
In all seriousness why would they not have put out an RNS to close the issue out to the public when it's an obvious positive? In my opinion the liability stays with them unless agreed in the contract of sale.
You may want to forward said email to the authorities in Trinidad to ask if the information contained within it is correct.

I totally agree with Tesla on this, if the company cannot release an RNS on something as important the tax liability status then there is no way on hells earth I would trust an email from them.
Mind if anyone has an email stating they are no longer liable and they are I hope the proper authorities get a copy of it.

It certainly is an odd share board when people only post when the price rises based on thin air.
Nothing has changed here, still no business or revenue stream and still people fall for it or try to defend it, unbelievable!

Yet another pile of bones with no meat on them, no doubt to gloss over the poor results they will be releasing this week.
All smoke and mirrors, sleight of hand that Paul Daniel's would be proud of.

STA now have 3 days left to release the half year report that should have been released last month, taking this to the wire does not IMHO bode well.
I also see there has been no further announcement regarding the final payment from Land Ocean so assume they are in arbitration now since the 12th April deadline has long gone, worrying that no RNS has been released to at least update the shareholders on the situation.

It looks to me like someone with a vested interest in this has been doing their best to hold the price up. Just look at all the sells interspersed with a few larger buys as soon as the price drops or looks like dropping, it stinks IMHO.

Well looking at the huge spread here if you were stupid enough to buy the price at the current spread would need to increase almost 25% just to break even with tax etc. added so no wonder no one is buying.
I guess that those not selling are just hanging onto the hope of getting something back, a bit deluded IMHO given it's worth less than 2% of what most probably bought in for pre consolidation. That and there is no business to be had here, not unless your business is threatening court cases against entire countries and trying to get money owed from companies that are practically broke.
It will be very interesting to see what the next RNS says regarding the state of their accounts.

Is it just me or does it feel no different under the current regime. Money is leaving the company and there has been zero progress and absolutely no business opportunities, certainly none advised via RNS since changing from RRL to STA.