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https://intellinews.com/ukraine-seizes-assets-of-billionaire-novynskyi-s-smart-holding-275913/
What can we react as a long holders in order to defend our investement ?
Send to the house of common a notification to inform them about the Enweel's risk?
Send to european parliament a notification to inform them about the Enweel's risk?
Send to the AIM or Ministry of foreign Affaiars a notification to inform them about the Enweel's risk?
We must react now!
This is from the RNS dated on 4th January 2023:as announced on 9 December 2022, the Company is investigating whether the Company's hydrocarbon extraction licences may be affected by these provisions in the new law.
Today’s announcement by Smart report that the transaction happened last November.
So the BOD of Enwell knew nothing about this.
This is absolutely rediculus for a company in LSE imo!
As I wrote on 5 jan 2013:
"Critical point is the intention to giving a dividend asap.
If yes that means Novisky has lost
If no that means Novisky has transferred his shares to someone"
Yesterday's announcement by Smart Holding :
"As part of the restructuring, the founder of Smart Holding, Vadym Novinsky, decided to transfer assets to a trust"
More info on : https://www.smart-holding.com/uk/press-centre/news/2707/
So put your thoughts.
In the last quarter the holding cash was 78,6$ million with 20,9 hrivnya mil or 25%.
Today, the cash is88,7$mil with only 6,9 hrivnya mil or 7%.
I think something is prepared by the BoD in favour of shareholders?
Time will show.
From the latest audit results ,page13, Additionally, the Group aims to maintain the significant (Principal Risks and How We Manage ) the majority of its cash resources outside Ukraine (being 77% as at 24 June 2022).
So there isn’t any problem to give to the shareholders 57,7$Mil immediately without any permission from Ukraine.
That means if I have calculated correctly 14,75p/share !
Critical point is the intention to giving a dividend asap.
If yes that means Novisky has lost
If no that means Novisky has transferred his shares to someone
Conclusion:Enwell very soon wil be at someone’s else business.
I am not afraid about the continual progress in AIM of Enwell and hope for better results in the coming months.
Kroc
Instead to give dividends to their shareholders the oligarchs are giving receivables to anyone without control because the company despite is considered a public company the reality is that company is almost a private.
So they have sufficient money to make donors and to offer receivables because all these help only their own business.while if they pay dividends they will loose their money.
IMO the shut down of the fields will have a duration at least a few months even more than a year.If the fields are target of russian bombs i don't know how many mil of dollars it cost to reoperate.
The people who are working in this field now are in the army.
There is a war there if you don't understand what it means this issue.
We see a country destroying an other country its people, infrastracture etc,
The damage after the war will be tens of billion for Ukraine and you wait earnings from a company in a war zone?
I think the decision of AIM for the Monday's trading should be an unconditional stop in favor of protection of remaining shareholders from guys who playing "war games" with this unfortunate share.
PS : I want to believe that shorters took their lesson yesterday.
IMO the rise and the fall one day before they have nothing with the value of the share.
There were a playing game action from a very few sellers short (see the small traded volume) and a company’s - yes I believe that the orders came from Enwell-reaction yesterday with buy market orders in order to “equalise” the initial value.
I think the company has showed that not let price go down below a margin until the AIM takes the decision to suspend the trading.
Novisky Vadim and his proposal as a politician in order to ease the tensions between Russia and Ukraune.
https://thetimeshub.in/invasion-war-donbass-how-to-break-the-impasse
but Nivisky has left the country according to:
https://parallaximag.gr/epikairotita/oukrania-synecheis-ekrikseis-sta-anatolika-geniki-kinitopoiisi-kiryssei-epikefalis-filoroson-aftonomiston-sto-ntanietsk
What crazy situation is there?Ukrnafta vs Arkona and Ukrnafta vs Enwell.
But until now how many millions were spent by Enwell for drilling of the current well and for 3D seismic survey?
Who pays after that for all these expenses if the licence pass to Ukrnafta?
https://expro.com.ua/novini/smart-energy-zavershila-polovu-3d-seysmku-svistunkvsko-chervonoluckogo-rodovischa-
I don't understand what is going on with the UKRNAFTA about ANKONA .Is there an end with licence issue or not?
SMART ENERGY COMPLETES 3D SEISMIC FIELD WORK ON SVISTUNKOVO-CHERVONOLUTSK FIELD (https://poltava.to/project/7222/)
Why didn't they informe us? An RNS should be in view of shareholders.