Member Info for Novykluk

NOVECKINGOOD Re: Your Post of 10:28am

I can respect and understand why you hold the view you do.

I have acknowledged more than once in my recent Posts, that the results of S&S's efforts are no where near what any of us true investors want. I very much suspect that both S&S would fully agree with that!
I am NOT trying stupidly to portray their performance todate as adequate! So with their particular remuneration I can understand why Invetors are concerned.

But I am very concerned and apprehensive about the capability of those others proposed here to come in and do a better job for my investments. Of course it's very easy when one is not privy to "inside" information and not aware of whatever the constraints are and have been, to make sweeping bold claims abut future success!

Jimmybob also makes a very valid point in this respect, when he Posted:
"I do currently have very little trust in them {The Pershing group] and it’s actually decreasing with the way they appear to be trying to get their message out through Winnifroth, Ahris etc."
We should all take not of his thoughtful comment!

P.S. FVG, I acknowledge, I owe you a reply. The content of which fits well with 2 more points I wish to make, and will do so once I have time to accurately assemble the facts I want to refer.

Ahris, amazing how much "privy" information you are able to quote on beghalf of the Pershin group. Information which is certainly NOT in the Public Doman! I wonder where that information came from :-)) :-))???
No prizes for guessing where!!!
I caution all genuine Rebaold SH's to be vary wary of your Posts!

I think we should all note that you have only been a member on LSE since 13th October 2022.....so for just 17 days or so! What an amazing coincidence that is.........just when the Pershing action began :-)) :-))!
You are clearly Pershing Troll........Genuine SH's BEWARE!!!

A decent Post Uggy100. You have mu tick-up!

NOVECKINGOOD re: Still waiting Novykluk for your promised response to some of he questions I've raised?

Well if you're that interested, you'll have to wait a bit longer.
I have a wonderful family here in the Czech Republic and am unable to spend all of my time on this BB. Yesterday was a Bank Holiday here so a great day with all the family! Today was lunch with friends and then a tremendous Ice Hockey win by out team (5th in Division 2 of the Czech National League vs TOP. 2 nil down after 10 mins and won 3-2! Brilliant! On;ly just got home.

My response tomorrow......well that's the plan. Though we have another family gathering in the early afternoon.

I'm very mindful now though, views appear to have become so entrenched against the current BOD, there doesn't seem much point putting a reasoned case contrary to what most particpants on here now seem to want to hear. So why should I waste my valuable time. Perhaps most will get what they wish for........But please all remember the Pied Piper of Hamelin!

S.McN. To be honest I don't know the answers to your questions. So you will appreciate my response is based purely on speculation.

* If there was no initial TR-1 issued, might that have been because the Oza family invested right at the beginning when the company was established. And I'm wondering if that was the case, are TR-1's issued upon initial incorporation?
* I didn't know the company had refused to confirm if they are still SH's!! May I ask what avenue has been used to seek an answer to that question.......which I agree is a completely valid one?
* Re: "Surely if they are, it would add confidence to other shareholders that at least the Oza's still have faith in the company". I'm sure everyone would totally agree with that view!! I certainly do!

S.McN. re: your post of 9:062am.
I compliment you for your excellently presented viewpoint which I have ticked-up! Yours is the intelligent type of information I want to benefit from on this BB!

I know in the past Mr Friel has had a strong following with a lot of respect from his supporters. As I said yesterday, I believe he's a very smart charismatic business leader. About 2 years ago I too wanted to invest in ORPH, and only didn't due to lack of cash!
I also don't like to make a case for retianing the current RBD BOD, only by criticising Mr Fiel's style!!
However when a close friend of 15 years, who worked in Investment Banking throughout his career and is one of the most successful Private Investors I know (I wish I was in his league!!), expresses a very poor opinion of Mr. Friel gained first hand, I am bound to listen and be persuaded!

But I do respect your very good Post and you make some fair points about the poor quality (at least todate) of a number of the RBD investments!
To your credit you also made an excellent comment, "I won't be joining in with the abuse of S&S. I think it immediately devalues the rest of what you have to say." I totally agree and also feel that those making such abuse totally denigrate themselves by so doing!

So I agree that Parta and those Corallian prspects you mentioned, have to date been very poor. Though Parta may yet prove a positive investment?? And yes, the SP is at an awful level! However Reabold is not the only company of which that's true at this time. Consider the day Canadian Overseas Petroleum (COPL) published a CPR prepared by one of the most respected Consultants in the Western world. They announced a discovery of ALMOST a BILLION boo in Wyoming, one of the safest jurasdictions in the world, despite Biden and his Green Democrats!!! And the SP WENT DOWN!!

But the point I want to make, is that despite some as yet apparently poor investments, S&S have made some very good ones too! West Newton is obviously one! Additionally, the ex-Corallian assets acquired for just £250,000 are likely to be another. I understand that the Laxford and one other prospect are both said to have the same potential as Victory. That's not proven of course. But even at the meagre return of Victory, say £30 million for each, less say the cost of 2 well drill costs, would be an excellent return for just £250,00. That I understand from a Corallian entity was sold becuase the Boad want out? The Simwell holding 30/70 with Shell may also be a big winner. The adjacent Pensacola well drill result should be out in early December. If successful Shell will drill "Simwell"!!!

So S&S have put together a mixed bag of assets. But some in that bag are likely to have very high potential. RBD SH's are understandably frustrated and like me have big paper losses. That's now showing in the hostility and discourtesy to S&S. But we would all do well to recognise the likely value in the rest of the portfolio WHICH THEY ALONE

S.McN. re: your post of 9:062am.
I compliment you for your excellently presented viewpoint which I have ticked-up! Yours is the intelligent type of information I want to benefit from on this BB!

I know in the past Mr Friel has had a strong following with a lot of respect from his supporters. As I said yesterday, I believe he's a very smart charismatic business leader. About 2 years ago I too wanted to invest in ORPH, and only didn't due to lack of cash!
I also don't like to make a case for retianing the current RBD BOD, only by criticising Mr Fiel's style!!
However when a close friend of 15 years, who worked in Investment Banking throughout his career and is one of the most successful Private Investors I know (I wish I was in his league!!), expresses a very poor opinion of Mr. Friel gained first hand, I am bound to listen and be persuaded!

But I do respect your very good Post and you make some fair points about the poor quality (at least todate) of a number of the RBD investments!
To your credit you also made an excellent comment, "I won't be joining in with the abuse of S&S. I think it immediately devalues the rest of what you have to say." I totally agree and also feel that those making such abuse totally denigrate themselves by so doing!

So I agree that Parta and those Corallian prspects you mentioned, have to date been very poor. Though Parta may yet prove a positive investment?? And yes, the SP is at an awful level! However Reabold is not the only company of which that's true at this time. Consider the day Canadian Overseas Petroleum (COPL) published a CPR prepared by one of the most respected Consultants in the Western world. They announced a discovery of ALMOST a BILLION boo in Wyoming, one of the safest jurasdictions in the world, despite Biden and his Green Democrats!!! And the SP WENT DOWN!!

But the point I want to make, is that despite some as yet apparently poor investments, S&S have made some very good ones too! West Newton is obviously one! Additionally, the ex-Corallian assets acquired for just £250,000 are likely to be another. I understand that the Laxford and one other prospect are both said to have the same potential as Victory. That's not proven of course. But even at the meagre return of Victory, say £30 million for each, less say the cost of 2 well drill costs, would be an excellent return for just £250,00. That I understand from a Corallian entity was sold becuase the Boad want out? The Simwell holding 30/70 with Shell may also be a big winner. The adjacent Pensacola well drill result should be out in early December. If successful Shell will drill "Simwell"!!!

So S&S have put together a mixed bag of assets. But some in that bag are likely to have very high potential. RBD SH's are understandably frustrated and like me have big paper losses. That's now showing in the hostility and discourtesy to S&S. But we would all do well to recognise the likely value in the rest of the portfolio WHICH THEY ALONE

NOVECKINGOOD, your Post of 7:56am
You're another smart chap who I respect always has good logic supporting your viewpoint! Whilst I will not engage with those making "idiot Posts" (of which there are a number on here! An many more so recently!!), I do NOT have an ego to defend! There are some of the points you have made, I understand and can respect. If you've Traded stocks well and made money, "well done". I don't have that tallent!

But I want to reply respectfully to some of the points in your above timed Post. And because you ARE a smart chap, I will be hoping you consider my response with logic and honesty, and don't just cling to the current view that S&S are Charlatans and a couple of idiots. I AM VERY DISAPPOINTED WITH THE RBD SP PERFORMANCE! But from the interactions I've had with both of them since May 2018, it's very clear to me they are neither!

In my reply to you later today, I will also be attempting to address Uggy100's question as to my synopsis of S&S.

NK

Uggy100, re: "The thing that has pushed me over the edge is, quite simply, the disdain shown towards us in the energy voice article which I'm sure has upset many."
Fair enough, I can understand your reaction! I need to read that article properly.......only skimmed it! But that sounds a very niave statement to have made! Particularly with all that's going on! Agreed!

NK

Uggy100, re: "Novykluk I'd be interested to hear your synopsis on the current BoD for the sake of balance."

I had intended to do that and will do so! I do NOT want to be Posting only concerns about Mr. Friel. Despite the vile words you use use to describe these two very hard working......but unfortunately as yet, undeliverd of monetary sucess CEO's, I consider they do have the talent and capability still to deliver!
But Uggy, this is NOT my response to your point. It's only my response to the continual disappoinment I have when I see to denigrating yourself every time you refer to S&S as cretins, scum bags, fxwits.......come on man! I've read some of your Posts......I know you have a brain! Surely you're better than that!!

I shall respond with my humble assessment of S&S which I believe will be balanced and honest! But not tonight....I'm knackered!

Ahris, re: "I suspect novy might not post again!"
Don't you believe it sunshine :-)) :-))!!
What a joke you are :-)) :-))......a member on here since 17th October 2022 ha ha!!
It was pretty obvisous to spot your initial anti-company Post a couple of days ago!!
Who's paying you....new boy :-)) :-)) ??
Also, same as "Parsitwat", it seems those who engage you paid trolls, don't get much intellect for their buck, do they :-)) :-))!!

I shall be making further Posts! But unless you can do a better job and demonstrate more intellect, I will not be responding again to you!

S.McN. Thank you for at least replying with courtesy and a very logical comment!
Furious no! Shocked and disappointed, absolutely!
Initially my expectations were high, based on the base case shown in one of the company's presentations. Then the price of gas started to increase significantly above the base case of 50p/therm, so I think we all had high expectations!
Reading this BB I had began to conclude that the minimum price to Reabold (to "break even" with sentiment, was about £30m to RBD. So a sale price of £60m. Anything above would have been very positive to me. Anything below would be (was) a big disappointment!
So I aksed myself, why and how did that very low sale prices happen? Are S&S so incompetent? Well, despite what almost all of our understandably very frustrated and disappointed investors participating here think, NO THEY ARE NOT!!
If we think we're "half intelligent", if Victory was so valuable, desirable as a resource, and so sought after, why wasn't there a bidding war between all the interested parties we "outsiders" assumed there were??? Even those on here who are so rude and crude and denigrate themsleves every time they Post, by calling S&S cretins and scum-bags, surely can't be so half-witted themselves, as to believe if there had have been interest in the Victory asset, S&S would not have moved on to the next higher bidder???
Why was a second CPR financed for Victory by S&S i.e Reabold (After Corallian had already financed and conducted one?). Probably because the Industry had no faith in the asset.
So OF COURSE WITH HIND SIGHT, I now conclude/suspect/realise there was no interest in Victory from any of the "big players"! If there had have been, it's obvious there would have been a bidding war......and there wasn't! In hind sight we should all realise that, however hard a pill it is to swallow!
In the last couple of days I did share with a colleague, that in hind sight S&S made a big error by "not managing we Investors expectations"!!! And then again when I thought about that conclusion, one also realises, "How do Directors lower Investors' expectaions without trashing their company's SP and scoring an "own goal".

Having read all the recent vile abuse and critcism currently being hurled at S&S (not specifically by you S.McN I hasten to add!), I am appalled by the lack of deep thought, those making the abuse exhibit!

RBD SH's need to careful what they wish for. It's very easy to follow a "Pied Piper" suggesting he can deliver better, when his own track record is criticised by those who know him well!

LTA genuine LTH's. NK.

Hmmmm Ahris.......looks like you've exerted yourself this evening with a highly inellectual Post!

If you wish to debate the pro's and con's of the current situation at Reabold, please try and develop some grey cells so you don't embarrass your self! I won't in future respond to dements!

NK.

Like all P.I's, my objective is to increase the value of my assets. That is the most important and critical objective for me! I will therefore support whichever BOD's I judge is most likely to achieve that objective. I am not "wedded" to the current BOD.

I am though a LTH in RBD and have followed the company very closely since May 2018. I have therefore gleaned quite a detailed insight in to the company based on information in the public domain, by attending AGM's, Presentations and reading every scrap of public information.

I am very mindful that many of us LTH's are currently:
* Nursing significant losses due to the current SP.
* Frustrated by what we see as slow progress at WN, and are
* Disappointed with what we see as a meagre return from the sale of Victory.

Like most therfore, l am closely following the current "debate" as to whether Mr Friel and the Pershing group (if elected), are likely to do a better job for us SH's than the current BOD. And as a result I've read Mr. Friel's statement published in Tom Winnifrith's *************. My assumption is that almost all LTH's will have read that statement.

My comments continue in the Post below....

NK

The Post above gave/gives the context of my approach to this choice.
Now to my Views, Understanding, Observations, Findings and Conclusions:

Views & Understanding:
* Mr Friel appears to be a very smart charismatic business leader.
* It's evident he's popular with a number of participants here some of whom site his past successes.
* I also understand he has achieved some business successes.....particularly increasing the value of Open Orphan (ORPH) in it early days.

Observations & Findings:
* When Mr Friel was CEO of ORPH, to his credit he was an avid communicator, both with the market and with his SH's.
* In fact I well recall a period when he was participating in Video communications every 3 or 4 weeks or so. Those communications were so frequent some might even conclude he was ramping ORPH.
* It had been a stated intention of his to sell-off non-core assets (subsidiaries). However in reality only one company was sold/monetised.
* Thus I understand a number of less satisfied ORPH SH's have concluded that Mr Friel can "talk a good talk" but doesn't always deliver!
* So it appears he has been prone to overcomitting and under achieving!
* To try and get more information about this concern, I spoke to a close contact (I emphasise he's NOT a Reabold investor!) but who is and has been a LTSH in ORPH. My associate was a Senior Investment Manager in a National Bank in the City of London. He's also a very successful P.I. over a number of years. So I value his opinion highly!
* When I asked him his assessment of Mr. Friel, he told me (and I was quite shocked) and I quote verbatim....

"He talks a great talk almost close to a con artist at times imo. He has supposedly delivered elsewhere but his performance here has been pathetic so far. New players have had to come in to restore confidence and ensure CF is distanced from front line communication. So the jury is still out on ORPH/hvivo. We’ve gone from thinking he was the best CEO ever with great regular shareholder communication to someone full of Irish blarney. Could he be close to a charlatan? It seems RBD could be jumping from the pan into the fire.
Just my thoughts of course xxxxxxxx (my name). See what xxxxxxxx (another named associate) thinks. I still hope hVIVO will come good! Wishful thinking perhaps."

My Conclusions:
* Despite Mr. Friel's other qualities, the above factors are now a big concern to me, especially in the context of my investment in Reabold!
* I strongly suggest we Reabold SH's think very carefully before supporting the Pershing group's motion!

I plan to make another Post to more specifically address some of the comments made by Mr. Friel in his ************* stement, some of which are factually incorrect and some which indicate either a mis-understanding of the Reabold organisation, or worse. Might they be an attempt to mis-lead??? I hope not.

GLTA genuine LTH's NK.

Yes, you are correct SM! But common :-)))!!!
Cathal Freil was in post when ORPH rose to 47p and then declined catastrophically!
Are you serious? He was moved aside from his role as CEO with the SP of ORPH now languishing at about 10p!! Is that the sort of talent one wants to be "stealing" the Reabold assets that have been very astutely built by our 2 current CEO's??
Please remember, not me! But other SH's in Cathal Freil's ORPH state, "He promises the earth, but delivers manure". Look on another prominent BB gor that Post in the last 3 days. That is not a "spiteful" Post my a supporter of the current Reabold Board! But the view of others on another public forum.
Please be careful what you wish for!!
Our two much criticised current Directors have accumulated a portfolio with massive upside!!
Are you up for other opportunists to "steal" that potential which S&S have built???
I am a surely not!!

* Reabold is grossly under valued!!
* The Reabold assets have massive potential!!
* Others can see that and are trying opportunistically to “steal” our assets without payment for our potential!
* This is likely to be a wake up call for our BOD’s to communicate more frequently with us Private SH’s.....least I hope it is!!
* Those involved and wanting to become the Directors of Reabold appear to be either incompetent (eg their non-compliant approach) or incompetently advised? Are they the sort of people we want to be ma aging our investment?? Certainly I do not!!
* Of Cathal Feil an ORPH investor confirmed to me today, “He promises the earth, but delivers only manure”! That is not the type of Director I want to be running Reabold!!

So in the upcoming vote whether or not to support our current (not perfect) BOD’s, I urge others to SUPPORT OUR CURRENT BOARD, and not be enticed by those with a track record of delivering only manure!!

GLTA genuine LTH’s NK.

I’m a LTH in RBD who hasn’t Posted for many months, which is mainly due to the inane trolling on here and in particular by “Persitwat”.....at least you’ve created that name right Uggy100.....however this current opportunistic attempt by Pershing and Associates to “steal” our potentially valuable assets, has motivate me to comment!
There are many intelligent LTSH’s who participate and/or read this BB, who I suspect are substantial holders of RBD shares. It is to you intelligent Shareholders to whom I respectfully address my comments.
*. No doubt we all share the frustration of a grossly undervalued share price!
Eg. Current (or near current) liquid assets comprise; Bank £3.5 million, Daybrake shares approx £6.5m, Victory proceeds £12.7m very soon (because the UK Government has defined Victory in the good 5 projects to fast track).
So total near liquid assets of £22.7m. That compared with a current M.Cap of about £23.0m. So EN and the remaining Vorallian assets (with likely 2 more Victory “ look a likes”) are valued at ZERO!
Pershing may be “Cowboys”, but clearly they are not stupid!! Question is......do they think we are????? Well with their oportunistc approach, it certainly looks like it!!
* With Shell having acquired Victory, wouldn’t one think they will be aware of the potential in bothLaxford and the other Victory look alike asset??? I have no idea if Shell will be looking to Farm in with those two assets, but I would hazard a guest that at least one big played is!!

Now to the “Cowboys” Pershing, who age attempting to “steal” the company on the mega cheap!
* I have read today’s RNS and strongly applaud the BOD’s decision to proceed with Pershing request for an EGM.
* That despite the obvious INCOMPETENCE by PERSHING of not knowing how to conduct their effort in a properly professional manner!! WHAT DOES THAT TELL US ABOUT THESE “COWBOYS”??
* I states clearly I have no knowledge about the “Lone Ranger” Karan Sattar, but I have read that he has a track record of value destruction in previous enterprises!
* However I do have first hand information of the incompetence of Cathal Freil....of Open Orphan!! Bear in mind he’s another, seeking to become a Director of Reabold. I have close contact with investors in Open Orphan where until recently he was moved aside, Cathal Freil was the CEO. From their comments, I gather that before he was moved, Freil had claimed he would implement and achieve a number of actions to improve the share price of ORPH! However it’s SP has declined significantly and today languishes around 10p!! So it does seem that Mr Freil is prone to make. Lakem of success which he clearly doesn’t have the ability to deliver!! IS THAT THE TYPE OF DIRECTOR WE WANT FOR RABOLD??
CONCLUSIONS:
* Reabold is grossly undervalued!!
* The Reabold assets have massive potential!
* Others can see that and are trying opportunistically to “steal” our assets without payment for the potential!

I'm a LTH who reads this BB daily, but very seldom Posts. However I very much appreciate the very informative posts of a number of participants here including Snowking and Acker.....now he's finally "come on board" :-))! Mr Acker.....please accept, absolutely no disrespect intended :-)) Like many others, I am very interested in your views!

It is what I consider to be today's ABSOLUTE MARKET ABUSE which has caused me to make this Post!! I am a LTH in PREM, so of course I want the company and its SP to prosper! I should alsom make clear, that I have the benefit of having some very smart contacts who (far better than I) are able to analyse and interpret what is actually going on in the Market Makers trading forum!!!!

So it is as a result of the CRITCAL and DISTURBING INFORMATION I have learned late today, which causes me to feel compelled to make this Post. The points I would like decent investors in PREM to be aware of are the following:

* A totally false claim was made this afternoon stating that an RNS "was out" that PREM had announced a Placing. [I have seen a copy of that statement!!!] Of course PREM has not done that!!! THAT IS MARKET ABUSE!!! What will the FCA do about that????.........good question!!

* Just think. Why would a Placing be necessary when it's "common knowledge" that a JV or similar arrangement is imminent?

* The massive selling stared at 14.24h shortly after that statement was published!

* Was that orchestrated or what??? Personally I'm convinced it was!

* Nothing has changed so far as the company's fundamentals are concerned, between 14.24h Tuesday and one hour later!!! However, due to MARKET ABUSE, the share price dropped about 40% in just over an hour!!!

I also acknowledge the following points:

* Due to intesnsive buying by certain parties "behind the scenes" during the past several days, the SP had run up rapidly!

* Some would say a "correction" was due. That's quite logical!

* However, a SP decline of about 44% in one hour???? Really......hmmmm

* So who are the guilty parties here? Information is being communicated to those responsibile for policing Market Abuse!! So will the FCA take any action? I doubt it :-(( How awful is that! That as a PI I have no confidence in those paid handsome salaries to uphold the law, that they will not do thier job and take action in this obvious case of MARKET ABUSE???

So my personal conclusion of this situation are these:

* There's been a very successful "short attack" on PREM!

* It has no relationship what so ever to the fundamentals or prospects of PREM!!

* I am questioning if there has been colusion by "interested parties"?? I think there has been.

* A JV (or similar) announcment is "imminement" and unaffected by this evident MARKET ABUSE!

* So IMHO it has presented genuine LTH's (who have the funds) with a rare opportunity to "buy low"!!!

GLTA genuine LTH's NK

2bfair, thank you for your insightful information! It's really helpful to get an informed alternative opinion!
Your preception that "some stake might be retained in the project for future CF generation" sounds very realistic to me!!
Very interesting!!

Oh and by the way.....a Disclaimer;
My Post is made without the approval or sign off of "Lord deemule" the self appointed of "Head of the Thought Police" for this BB.
Like me and loads of others 2bfair, you'll be headed for a "Green cofin" with your thoughtful but not "gung ho" Post like that :-)) :-)).
See the Post by deemule: Saturday 17:19