Member Info for partridge

Gas, I'm still in Casp at 12p. Should I buy more, hold or sell? It was your tip.

Charles Brook Partridge:

Shareholding above 3%
Threshold Crossed : 11th February 2020
Issued Informed : 11th February 2020
Shareholding below 3%
Threshold Crossed : 13th February 2020
Issued Informed : 17th February 2020

3 days. And your money has become his money. He deserves it. He works for the company broker. Why shouldn't be have his snout in the trough? There's a similar time frame for Mr Sebatian Marr. Masters of the Universe. What would a company broker know that a small shareholder wouldn't? Isn't it a level playing field investing in Nuog, run by C4 Energy? What is wrong with a little concert party? No one gets injured. Except the small shareholder gets a little poorer. Much more of the same to come.

" The initial £0.4 million consideration for the Disposal, payable by Zenith to the Group on Completion, will be settled through the issue of 6.7 million new Zenith Shares at an effective issue price of 6.0 pence per Zenith Share. Subject to the Italian Portfolio being disposed of achieving average daily production of 100,000 scm over a period of four successive months, a deferred consideration payment of £3.5 million will be made by Zenith to the Group through the issue of new Zenith Shares at an effective issue price equal to a 40% premium to the then prevailing Zenith share price at the time of issue".

Why would the initial consideration be settled by the issue of shares at 6p when the share price was about 2p? How is that beneficial to shareholders of Coro? Why is the deferred consideration linked to the Zenith share price? And why is the payment at a 40% premium? How is that beneficial to Coro shareholders? If the production target is not met is there no deferred consideration paid? If the production target is not met do Zenith get the Italian portfolio for 6.7 million shares valued at 6p. Zenith shares are 1.4p today. There was also a 6 month lock in so Coro cannot sell. Is this a good deal?

Don't worry. The head of Coro Italy has got a new position. He has gone to Ascent Resources with Mr Parsons. Is Mr Parsons chairman of Coro? I know he is director of C4 Energy. Mr Denham, the Coro CFO, is a shareholder in C4 Energy. He was parachuted into Nuog by C4 Energy. The broker at Nuog is Novum Securities. One of the brokers at Zenith is Novum Securites. Charles Brook Partridge is named at the bottom of the Zenith RNS as one of the partners in Novum. In recent weeks he bought 3% of Nuog shares. Two others did the same. The shares spiked. Charles sold his shares two days later. One of the people buying 3% Nuog shares was Mike Staten. He has a 6%+ stake in RGM. Mr Parsons is executive chairman at RGM in his C4 Energy capacity. RGM have a stake in Curzon. Recently C4 Energy bought the outstanding corporate debt in Curzon. It is a tangled web.

Meanwhile, Coro has no assets. It has cash. But it also has £4,000,000 of administration cost a year. Everyone is highly paid and rewarded with options. Why? It is little more than a shell. It can find no place for its cash. No one wants it. Well, at least not in return for tangible assets.

Large shareholder selling. What do they know? More than small shareholders that's for sure. More share sales to come. Are you going to use your money to mop them up for the new management? These shares were sold to placing investors for 0.05p. They are worth 0.045p or less short term and much less when further dilution comes. Take the hint from the large shareholder close to the company.

You could filter him.

I am terribly sorry. What CLN's did I mention? I thought I just posted a RNS.

I did read the RNS. The point is that any revenue now or in the future will be matched by cost of sales and dragged negative by administration costs. Sad, but true.

Last time I posted on the Echo Energy board I was matched off with my tail between my legs and told I had the education levels of a 10 year old.

Sad to see the poor result. Might have been expected after the December RNS. All information and no kickers as my granny used to say. If these drills work the management blow their own trumpet straight away. Delay and red herrings has been the tactic at Sound for years. No different here. So what should new investors look for? Echo has oil and gas revenue. According to interim and annual results that revenue is almost matched by cost of sales. Administration costs take the the results negative. Cash at interim stage was about $4,000,000. Yearly administration costs are about $5,000,000. A cash raise is on the cards. These people do not come cheap. Bonuses and RSU's have to be paid. Today's share price looks a bargain buying price. Next week it might look like a bargain selling price. Be careful.

Is that true? I can buy until my hearts content at my broker. Have you no shame?

You minded me of the Members of Parliament who built duck houses on ponds and flipped houses. It was all within the rules. Yet when they examined what was going on, the police sent some of them to prison.

They love debt. As some people lust after good they lust after debt. This is their latest dabble. Is this a related party? Doesn't RGM have a large stake in this company?

https://www.investegate.co.uk/curzon-energy-plc--czn-/rns/sale-of-corporate-debt-and-corporate-update/202002130700088337C/

RGM raised £831,000 in the December cash raise. That was a gross figure. No net figure was given. No benefactor of the fee was given. Where did the fee go? What was the fee? 10%? That's £80,000. 20%? That's £160,000. At Nuog, where C4 Energy has control, 2 similar cash raises were also reported gross. No net figures were given. No recipient of the fees was given. C4 Energy has control at RGM also. I wonder how C4 Energy makes its money? Don't worry your pretty little heads. Be careful.

There are similarities between RGM and Nuog where there has just been a pump and dump. Three investors bought 3% each of Nuog shares, which were pumped, and two days later said share were sold. A nice little earner for a few. Another loss for the poor small shareholder. One of the three people who bought over 3% at Nuog is Mike Staten. I think he hold 6%+ at RGM. Be careful. The same could happen here. It's your money until you give it to them.

Charles Brook Partridge:

Shareholding above 3%
Threshold Crossed : 11th February 2020
Issued Informed : 11th February 2020
Shareholding below 3%
Threshold Crossed : 13th February 2020
Issued Informed : 17th February 2020

3 days. And your money has become his money. He deserves it. He works for the company broker. Why shouldn't be have his snout in the trough? There's a similar time frame for Mr Sebatian Marr. Masters of the Universe. What would a company broker know that a small shareholder wouldn't? Isn't it a level playing field investing in Nuog, run by C4 Energy? What is wrong with a little concert party? No one gets injured. Except the small shareholder gets a little poorer. Much more of the same to come.

It is ludicrous to suggest the FCA are responsible. The first line of checks should be carried out by the company management. They have a responsibility to shareholders. How can they stand idly by? It will be seen as to how seriously they take their small shareholders if they allow larger shareholders to behave in the manner they have in the last week. Shameful. And it hasn't ended yet.

I know nothing of stockbroking or trading in securities but I wonder if there is a conflict of interest when a company acts as a broker for Nuog and might be party to confidential information which it could act upon. Especially when that company has a director who has been seen to be trading in Nuog shares. I would have thought that Nuog management wouldn't want that sort of relationship to continue. Is such behaviour in the interests of Nuog shareholders? Is it acceptable?

Can the association of Nuog and Novum be allowed to carry on? Any self respecting company would cut all ties immediately. But, I suppose this is Nuog and C4 Energy.

Mr Parsons cannot buy shares in Ascent Resources at the moment because it is a closed period. He will buy shares after the deal is done at the General meeting. He did this at RGM. Mr Parsons knows what floats the boat of small investors. He will not pay market rate. He will pay the placing price of 0.05p or 5p in new money. He's not a muggings. Are you? You, as shareholders, will pay for his purchase many times over.

Sorry.I don't know what came over me. Mentioning all those other companies on the RGM board. Do not take what I said as investment advice. It does make you wonder though which mug is paying him. I suppose the answer is everyone. When you have so many fingers in the pie, you become the pie. Enjoy.

I wonder where Mr Parsons is today. Is he in Australia sorting out the Mambare legal proceedings? Or is he in Southport getting planning permission for that peaky blinder? Could he be in Slovenia sorting out the oil and gas difficulties for his new love Ascent Resources? Or is he in Morocco in his capacity as a consultant for Sound Energy working on LNG's? Could Echo Energy require his time putting the latest touches to the upcoming drilling RNS? Or is he at Coro Energy trying to find someone who will actually sell them an asset? And those pesky interviews for all of the above trying to get mug punters in to raise the drooping shares prices, perhaps he's schmoozing Mr Malcy? Personally I think C4 Energy will be taking up his time today. The future is not battery metals. It is C4 Energy.