Member Info for NOVECKINGOOD

Apologies Paul, I know. I was replying to his last dig at me before your post, I obviously should have hit reply to that one instead. Apologies, nothing personal.

Novy, I'll reply later. I have an agenda, I'm a shareholder - albeit not a very big one at the moment as I don't trust the 2 directors - with very good reason - further evidenced by the desperation and poor commercial judgement shown again today.

Suffice to say your reasoning is fundamentally flawed from a commercial perspective, which I will highlight when I have more time.

Novy, please don't miss the point on purpose.

£700k for two guys who have not only completely failed to create any value for the people who pay their wages but have destroyed the value of their investment, is outrageous by any other measure than it being AIM. In the real world where the majority of us live they would have been sacked, not to continue to receive this renumeration. I repeat, IT'S A DISGRACE !!

No idea why it's even being debated. If you want the equivalent cash then sell 20% of your shares. That's what it would do to the share price.

And then as is being pointed out it would leave them short of cash to get all of the work done whilst they're draining the swamp of more outrageous salaries - so they would need to fund raise again.

You couldn't make up how stupid these two are - TRUSSONOMICS...!

Of course heid, they have a lot in common with the other clown that has done equally well with shareholder funds at your gaff..

Birds of a feather..!!

Agree.

We've taken £10's of millions off of you to build it big and shiny, it's not big and shiny and is only worth a fraction of what we've raised.

We only take c£1.5m per annum to run this crock of cr@p which is less than people take who run successful companies, but we do bring in £1m a year in revenue to offset it.

and

If you let us play for a bit longer we'll give you some of your money back which will be reflected in further dilution of your shareholder value by broadly the amount we give you back

Brilliant...!!!

Thanks Novy, I appreciate you taking the time and trouble to respond.
I've only quoted facts, your summary (except for the salaries, which I'll take your word for) is based on future potential that looking in the rear view mirror would be statistically unlikely to come to much. Even if it does, the market is currently pricing in the cost of finding out, and the poor negotiating skills of S&S in being eventually able to move it on. These are facts, whether you like it or not the value is hugely below the monies raised to get to this point - fact. The money has effectively as we speak been predominantly wasted - fact. They haven't bought enough shares - subjective but most neutrals would say - fact. They have taken huge salaries despite failing to deliver so far on anything meaningful for the company as a whole - fact. The salaries must be taken in context with the norms of the day, are you seriously suggesting that 2 people who have failed to deliver should be paid over £700k per annum between them ????!! In the private sector they would have been fired by now - fact. They have withheld important information from shareholders - fact. The oil and gas sector has been going through a boom time since Covid - fact. The sector will struggle going forward because the world will turn increasingly away from a reliance on fossil fuels - fact.
I may expand on my background at some point, I'm not in O&G but I understand money and the commercial side of things having set up 2 very successful businesses from scratch (sold one to a FTSE350 company) the other will be sold next year. I wouldn't employ these guys under any circumstances, not with their track record, not a chance. It's only places like AIM where this type of nonsense could prevail.

Novy, anyone facing the right way could work out why Ahris is here. He may have information that not everyone is privy to, you may possibly have some too.

What’s relevant and which needs to be addressed is whether it’s true or not ?!

I maintain that the appalling record of shareholder wealth destruction makes S&S uninvestable, I’m still not seeing anything that makes me question this view.

I’m assuming you don’t mean this Christmas.

Deluded even for queen deluded of the deluded people…

for your promised response to some of he questions I've raised ?

The politician waffle but avoiding the main thrust of the questioning won't wash here anymore.

Are S&S still investable having destroyed 10's of millions in shareholder value, having not bought anywhere near enough shares in their own company and having taken huge salary's whilst burning through the value of all of this capital ? And keeping important information a secret - nearly forgot that one..

If they aren't just in it to feather their own nests, please tell us why I'm wrong..

He's on the inside track, let's hear what he has to say. He was correct about them not needing to fund raise this year, I believed him a traded accordingly. He'll have his work cut out trying to make a case for continuing to pay 2 people such huge salaries when they've raised tens of millions at 2-4 times the current share price and destroyed the majority of the value of this cash.

They could have put the money in a tin, insured the tin and shareholders would be now significantly better off.

Why should we invest more of our hard earned into two people who have so far proved to be nothing but over-paid abject failures - these are the facts. It will be good to hear the case for the defence. Keep your friends close..etc

Neutral posters on here - LMFAO...

Once you've lost credibility in an environment where there is no long term appetite for institutions to invest...

Desperate times..!!

That's a neutral view...

Novy, interesting that you didn't address my points. We've debated on here before, you questioned my investment acumen selling into the fake rally at the start of the year. I've traded several times since with these and am in profit. Any rally should be considered an opportunity to trade out and it won't change for the foreseeable - if ever whilst the two clowns that either pay you - or are indeed one of you get lucky - which there is certainly no sign of yet.

Please answer the following if you want a healthy debate:-

Why should we continue paying huge wages to 2 (yes 2 - why the F there are 2) Directors who have destroyed shareholder value to such a massive extent. (If it were a bank loan the loan would have been called in months ago and the directors would have had their houses taken off of them)

Why if it's so compelling at these levels aren't the directors loading up ?

There are two easy questions for starters, I notice you don't seem to call them by their first names just BOD, and you've tried to monopolise ADVFN too - strange times ehhh

Not like heid and TAC who have been right all along. Posting 24/7 about the insane investment opportunity whilst the share price dropped 75% from the fund raising price and is still 25% lower as I write..

Look up irony in the thesaurus.

After they kept quiet for weeks when the share price was falling during the 2nd failed drill at WN, I realised that as with most AIM stocks there was no real interest in the PI's that paid their wages and we were effectively being treated with contempt. Since then I have been very vocal on here about the two complete useless charlatans who are in my opinion devoid of sufficient moral compass to be trusted. It hasn't been an investment for a long time now, it's purely a tradaeable punt on the peaks and troughs of the BS that they feed into the market.

Until they go or get lucky this won't change, so the risk is that by keeping them in power it effectively becomes a vote of confidence and will then remain a complete coin toss of a trade....

Cheers Flowkey, agree. He got posts removed if they were near the mark, but I believe it was a boiler room scam which I mentioned to the moderators on here. It's illegal pure and simple. We won't have seen the last of them, the shorts are increasing which means they'll want to fire more ammo at this at some point.

It's back to a traders market again, the recent rally won't last IMO.

I'm not suggesting anyone sells anything, just pointing out that I'm just cash and shorting indices again after the latest Bear squeeze. Make of it what you like, this share will still be north of £5 within 12-18 months so the short term is just noise..

hopefully I helped to get rid of him or it may have just been coincidence, I threatened FCA action as he was in breach of a number of rules in my opinion. I'm not convinced that we won't see them again after a ban or in a re-invented format.

Shorts are still increasing and are now at over 6%, this still isn't a one way bet albeit the bottom is almost certainly in now.

hmmm

oh...

you can't get anything right. Closed all but 2 small longs again yesterday, just short markets again now. Been mainly short markets all year.

You get paid buttons to do the UJO bidding, I do this for a job.. This will be back in the 20's before long, I'll pop back and gloat AGAIN when I'm proved right AGAIN..