Member Info for oldtimer

I think GD has no option now but to make some major changes before the AGM or put Batchelors up for sale, which could start buying again by Nissin to safe guard the noodle business.
If the shareholders don't get GD out this time he must know they will try again later which could be with more support.
I guess GD is feeling a little under pressure today.

Good god PB where do you come up with these little gems !!
I agree that there is great buying value here for 5p -10p although you may never get your money back even at that price. But come on how can there be value here for anyone that has bought in over the years for anything from 80p - £2.00.
You do like to stir it, which probably makes you feel good but it just p*****s everyone else off. Just Go.!!!!!!!!

I also hold pfd and they are now involved in a similar action regarding their CEO G Darby where on of the main shareholders is trying to get the CEO removed at the AGM.
Both CEO's have run their companies into the ground and both need kicking out.

Let’s assume the chairman and nissin support GD but could still go, does GD try to make some major changes now before the AGM to G /Tee he keeps his job.
That could be putting Batchelors up for sale now.
If that happens what does Nissin do, try to buy Batchelors from pfd or loss it to another company in a bidding war. Or maybe try to buy pfd now and keep Batchelors and put GD in charge.
So many questions.

To get rid of GD and push up the sp or what?
We must remember that GD, F officer % the Chairman all sit down and agree the salaries, bonuses, free/ cheap share options before they are put to bed , so all 3 are in this together all 3 should go.
Is it Oasis‘s plan that once they get rid of GD they put pressure on pad to sell off parts / all of the business to get their money back.

Some article that and all very true, interesting that the sunday times has Oasis down as having 9.3% and not the 8+5 mentioned on say interactive investors site.
Now sure what is correct now, but if it is 9.3% even more clout and bigger voting rights.

Why are you even on here it’s about impressions.
Do you even own any shares in vog? You give the impression that you do but don’t give a fig whatever happens to the company or share price, you continually down many discussion topics you think might cause some concern or fear for real shareholders just to see what re-action you get.
If you were a real holder then you don’t care what happens to the sp and as such why not just give any shares you say you hold to someone else for free, as it doesn’t matter to you.
But the general impression you give everyone on here is that you don’t hold any shares, never did, never will, and you just do it for a bit of self satisfaction of some fantasy life. Who the hell cares?

Yes i think there seems to be a different view now of the directors by the pi's. I sold out last week for a small few hundred pounds loss, but now have the impression that the directors could sell at every opportunity the price goes above £2.00 - £2.20 and make money while they can.
So the art might be to sell whenever the price gets near the £2.00 - £2.20 if you are in profit and buy back in if / when it hits £1.70+.

Many / most companies give share options to their directors 2-5 years ahead.
The company then normally issues the new shares in the year the awards /options are taken up.
So none of those option shares have or will be issued until 2021, so NO dilution at present to cover that.

On the 28th June, do you think Foo expected to get away with everything before the shareholders group started to get it's self sorted. well done BS for all the work that you have already done . That why now we have this letter from Foo in the rns. could be fireworks at the AGM.

You could probably do a good job , but I don't think you have big enough pockets to hold all those free / cheap shares that go with this job.
I would just be happy to get back, what £1.50 a share and then all would b forgiven for now.

No I haven't seen any clause but just guess there might be one Foo for selling GDC.
But maybe that wouldn't be a bad thing if we can get £300m+ and then give back £2 -£3 for every share held to the shareholders.

The other thing Foo might try is to sell off GDC where I am sure there is a clause where he would get some fantastic bonus, and then stay on with vog to try something else.
Another West Med.

Foo now knows his under pressure and going to face problems of being outed by our shareholders group when you read his long long almost begging letter of why it's not his fault in this rns.
He knows his time is running out fast.

One minute we are the bees knees of a business , no competitors with the world of Cameroon at our feet and customers falling over themselves for gas.
To being almost dead in the water , no new customers, losing our main customer, paying over the odds for a drilling plan that went over costs / over time and almost broke the bank.
Cannot make up our minds to keep / sell West Med, cannot sign good contracts on Bomono.
If we don't get more main customers fast we are going down.
So why or why don't we sign up many new customers with cheap gas for the first few years to build our customer base now.
Just baffles me.

It might be unlikely that Oasis get's rid of GD , but it might force pfd to sell off some businesses and bring down debt this year, then improving the sp.
What ever it does it must force the bod's to make some big changes fast, now they know the feeling out there with many shareholders.

Going by the sp drop it doesn't look like the city like the Oasis plan to remove GD.

Sorry wrong board

Going by the rns , it looks like the market doesn't like Oasis 's plan to remover GD.

Going Concern

The Directors have given careful consideration to the appropriateness of the going concern basis in the preparation of the financial statements. There are a number of uncertainties that may affect the Company’s ability to continue operating as a going concern, these are disclosed in the Financial Statements.

The Directors have reviewed operating and cash forecasts in respect of the operating activities and planned work programmes of the Group’s assets. In the case that either ENEO does not resume consumption or a settlement of the insurance claim is not completed, additional finance will be required and, in this event, the Directors believe that they will be able to access additional financing in order to continue to meet obligations and develop operations for a period of at least twelve months from the date of approval of these Financial Statements.

On this basis the Directors have concluded that it is appropriate to prepare the Financial Statements on a going concern basis. Accordingly, these Financial Statements do not include any adjustments to the carrying amount and classification of assets and liabilities that may arise if the Group was unable to continue as a going concern.

So only a question of time before another dilution , or bust !!!!!!!!